CBS5.L vs. FLOA.L
CBS5.L (UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc) and FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) 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 2.47%/yr vs 3.08%/yr for FLOA.L. A 0.70 correlation means they provide meaningful diversification when combined. CBS5.L charges 0.20%/yr vs 0.10%/yr for FLOA.L.
Performance
CBS5.L vs. FLOA.L - Performance Comparison
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Different Trading Currencies
CBS5.L is traded in GBp, while FLOA.L is traded in USD. To make them comparable, the FLOA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBS5.L achieves a 0.50% return, which is significantly lower than FLOA.L's 2.45% return.
CBS5.L
- 1D
- 0.08%
- 1M
- 1.07%
- YTD
- 0.50%
- 6M
- 0.10%
- 1Y
- 5.17%
- 3Y*
- 2.47%
- 5Y*
- —
- 10Y*
- —
FLOA.L
- 1D
- 0.06%
- 1M
- 1.38%
- YTD
- 2.45%
- 6M
- 1.53%
- 1Y
- 6.04%
- 3Y*
- 3.08%
- 5Y*
- 5.40%
- 10Y*
- —
CBS5.L vs. FLOA.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 | 0.50% | -0.23% | 6.03% | 0.27% | 2.22% |
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 2.45% | -2.50% | 8.28% | 1.29% | 4.66% |
Correlation
The correlation between CBS5.L and FLOA.L is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Apr 29, 2022 | 0.70 |
The correlation between CBS5.L and FLOA.L has been stable across timeframes, ranging from 0.70 to 0.75 - a consistent structural relationship.
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Return for Risk
CBS5.L vs. FLOA.L — Risk / Return Rank
CBS5.L
FLOA.L
CBS5.L vs. FLOA.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 USD (Acc) (FLOA.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 | FLOA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.16 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.22 | -0.04 |
| Martin ratioReturn relative to average drawdown | 3.05 | 3.41 | -0.35 |
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 | FLOA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.88 | 0.89 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.62 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.43 | -0.16 |
Drawdowns
CBS5.L vs. FLOA.L - Drawdown Comparison
The maximum CBS5.L drawdown since its inception was -14.59%, roughly equal to the maximum FLOA.L drawdown of -14.84%. Use the drawdown chart below to compare losses from any high point for CBS5.L and FLOA.L.
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Drawdown Indicators
| CBS5.L | FLOA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.59% | -14.84% | +0.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.35% | -4.92% | +0.57% |
Max Drawdown (3Y)Largest decline over 3 years | -8.03% | -9.58% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.84% | — |
Current DrawdownCurrent decline from peak | -3.08% | -3.15% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -6.29% | -6.00% | -0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.77% | -0.08% |
Volatility
CBS5.L vs. FLOA.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 1.56%, while iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) has a volatility of 1.90%. This indicates that CBS5.L experiences smaller price fluctuations and is considered to be less risky than FLOA.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 | FLOA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 1.90% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.28% | 5.15% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.82% | 6.76% | -0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 8.65% | -0.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.94% | 9.29% | -1.35% |
CBS5.L vs. FLOA.L - Expense Ratio Comparison
CBS5.L has a 0.20% expense ratio, which is higher than FLOA.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. FLOA.L - Dividend Comparison
Neither CBS5.L nor FLOA.L has paid dividends to shareholders.
Frequently Asked Questions
CBS5.L and FLOA.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOA.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 FLOA.L.
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