CBS5.L vs. FLO5.L
CBS5.L (UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc) and FLO5.L (iShares USD Floating Rate Bond UCITS ETF) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from UBS and iShares respectively. Both are passively managed. Over the past 3 years, CBS5.L returned 2.60%/yr vs -2.22%/yr for FLO5.L. Their correlation of 0.85 suggests significant overlap in exposure. CBS5.L charges 0.20%/yr vs 0.10%/yr for FLO5.L.
Performance
CBS5.L vs. FLO5.L - Performance Comparison
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Returns By Period
In the year-to-date period, CBS5.L achieves a 0.42% return, which is significantly higher than FLO5.L's -0.08% return.
CBS5.L
- 1D
- 0.18%
- 1M
- 1.47%
- YTD
- 0.42%
- 6M
- -0.03%
- 1Y
- 5.00%
- 3Y*
- 2.60%
- 5Y*
- —
- 10Y*
- —
FLO5.L
- 1D
- 0.29%
- 1M
- -0.15%
- YTD
- -0.08%
- 6M
- -0.62%
- 1Y
- 0.90%
- 3Y*
- -2.22%
- 5Y*
- 1.21%
- 10Y*
- —
CBS5.L vs. FLO5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBS5.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc | 0.42% | -0.23% | 6.03% | 0.27% | 2.22% |
FLO5.L iShares USD Floating Rate Bond UCITS ETF | -0.08% | -6.83% | 1.88% | -4.56% | 3.53% |
Correlation
The correlation between CBS5.L and FLO5.L is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022 | 0.85 |
The correlation between CBS5.L and FLO5.L has been stable across timeframes, ranging from 0.85 to 0.92 - a consistent structural relationship.
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Return for Risk
CBS5.L vs. FLO5.L — Risk / Return Rank
CBS5.L
FLO5.L
CBS5.L vs. FLO5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc (CBS5.L) and iShares USD Floating Rate Bond UCITS ETF (FLO5.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CBS5.L | FLO5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.03 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 0.14 | +1.01 |
| Martin ratioReturn relative to average drawdown | 2.96 | 0.27 | +2.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CBS5.L | FLO5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.12 | +0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.02 | +0.25 |
Drawdowns
CBS5.L vs. FLO5.L - Drawdown Comparison
The maximum CBS5.L drawdown since its inception was -14.59%, smaller than the maximum FLO5.L drawdown of -20.77%. Use the drawdown chart below to compare losses from any high point for CBS5.L and FLO5.L.
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Drawdown Indicators
| CBS5.L | FLO5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.59% | -20.77% | +6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -6.65% | +2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -13.32% | +5.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.77% | — |
Current DrawdownCurrent decline from peak | -3.15% | -19.16% | +16.01% |
Average DrawdownAverage peak-to-trough decline | -6.30% | -9.76% | +3.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 3.28% | -1.59% |
Volatility
CBS5.L vs. FLO5.L - Volatility Comparison
The current volatility for UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc (CBS5.L) is 1.62%, while iShares USD Floating Rate Bond UCITS ETF (FLO5.L) has a volatility of 2.85%. This indicates that CBS5.L experiences smaller price fluctuations and is considered to be less risky than FLO5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBS5.L | FLO5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 2.85% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 5.00% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 7.26% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.95% | 9.03% | -1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.95% | 9.16% | -1.21% |
CBS5.L vs. FLO5.L - Expense Ratio Comparison
CBS5.L has a 0.20% expense ratio, which is higher than FLO5.L's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CBS5.L vs. FLO5.L - Dividend Comparison
CBS5.L has not paid dividends to shareholders, while FLO5.L's dividend yield for the trailing twelve months is around 0.05%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CBS5.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 0.05% | 0.05% | 0.06% | 0.06% | 0.01% | 0.01% | 0.02% | 0.03% | 0.02% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, CBS5.L and FLO5.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, FLO5.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLO5.L is cheaper with a 0.10% expense ratio, compared with 0.20% for CBS5.L.
Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: UBS and iShares. Their fees differ too: 0.20% for CBS5.L and 0.10% for FLO5.L.
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