EFV vs. FLOT
EFV (iShares MSCI EAFE Value ETF) and FLOT (iShares Floating Rate Bond ETF) are both exchange-traded funds - EFV is a Foreign Large Cap Equities fund tracking the MSCI EAFE Value Index, while FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index. Both are passively managed. Over the past 10 years, EFV returned 10.55%/yr vs 3.04%/yr for FLOT. At a 0.12 correlation, their price movements are largely independent. EFV charges 0.39%/yr vs 0.15%/yr for FLOT.
Performance
EFV vs. FLOT - Performance Comparison
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Returns By Period
In the year-to-date period, EFV achieves a 10.56% return, which is significantly higher than FLOT's 1.99% return. Over the past 10 years, EFV has outperformed FLOT with an annualized return of 10.55%, while FLOT has yielded a comparatively lower 3.04% annualized return.
EFV
- 1D
- 0.48%
- 1M
- 0.52%
- YTD
- 10.56%
- 6M
- 12.39%
- 1Y
- 27.62%
- 3Y*
- 21.79%
- 5Y*
- 12.36%
- 10Y*
- 10.55%
FLOT
- 1D
- 0.02%
- 1M
- 0.47%
- YTD
- 1.99%
- 6M
- 2.23%
- 1Y
- 4.87%
- 3Y*
- 5.66%
- 5Y*
- 4.22%
- 10Y*
- 3.04%
EFV vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EFV iShares MSCI EAFE Value ETF | 10.56% | 42.22% | 5.35% | 18.85% | -5.22% | 11.08% | -2.97% | 15.80% | -14.67% | 21.22% |
FLOT iShares Floating Rate Bond ETF | 1.99% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
Correlation
The correlation between EFV and FLOT is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2011 | 0.12 |
The correlation between EFV and FLOT shifts across timeframes, from 0.12 (all time) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EFV vs. FLOT — Risk / Return Rank
EFV
FLOT
EFV vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Value ETF (EFV) and iShares Floating Rate Bond ETF (FLOT). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EFV | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.65 | ||
| Sortino ratioReturn per unit of downside risk | -9.19 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 3.23 | -1.89 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 11.32 | -8.77 |
| Martin ratioReturn relative to average drawdown | 9.40 | 105.27 | -95.87 |
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Drawdowns
EFV vs. FLOT - Drawdown Comparison
The maximum EFV drawdown since its inception was -63.94%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for EFV and FLOT.
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Drawdown Indicators
| EFV | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.94% | -13.54% | -50.40% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -0.43% | -10.47% |
Max Drawdown (3Y)Largest decline over 3 years | -13.72% | -1.57% | -12.15% |
Max Drawdown (5Y)Largest decline over 5 years | -25.84% | -2.36% | -23.48% |
Max Drawdown (10Y)Largest decline over 10 years | -43.16% | -13.54% | -29.62% |
Current DrawdownCurrent decline from peak | -1.24% | 0.00% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -14.81% | -0.21% | -14.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.96% | 0.05% | +2.91% |
Volatility
EFV vs. FLOT - Volatility Comparison
iShares MSCI EAFE Value ETF (EFV) has a higher volatility of 4.62% compared to iShares Floating Rate Bond ETF (FLOT) at 0.21%. This indicates that EFV's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EFV | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 0.21% | +4.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.98% | 0.63% | +11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.58% | 0.75% | +13.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.02% | 1.77% | +14.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 4.15% | +13.70% |
EFV vs. FLOT - Expense Ratio Comparison
EFV has a 0.39% expense ratio, which is higher than FLOT's 0.15% expense ratio.
Dividends
EFV vs. FLOT - Dividend Comparison
EFV's dividend yield for the trailing twelve months is around 3.76%, less than FLOT's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EFV iShares MSCI EAFE Value ETF | 3.76% | 4.16% | 4.66% | 4.36% | 4.17% | 4.07% | 2.42% | 4.62% | 4.56% | 3.56% | 3.28% | 3.59% |
FLOT iShares Floating Rate Bond ETF | 4.53% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
Frequently Asked Questions
EFV and FLOT have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EFV has higher volatility (4.62%) compared to FLOT (0.21%). In terms of maximum drawdown, EFV dropped -63.94% vs FLOT's -13.54%.
On 10-year performance, EFV leads with 10.55% vs 3.04% for FLOT. On fees, FLOT is cheaper at 0.15% per year. On volatility, FLOT has been the lower-risk option at 0.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EFV has performed better with a 10.55% return vs 3.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLOT is cheaper with a 0.15% expense ratio, compared with 0.39% for EFV.
FLOT has the higher dividend yield at 4.53%, compared with 3.76% for EFV.
EFV is categorized as Foreign Large Cap Equities, while FLOT is Ultrashort Bond. EFV tracks MSCI EAFE Value Index, while FLOT tracks Bloomberg US Floating Rate Note < 5 Years Index. Their fees differ too: 0.39% for EFV and 0.15% for FLOT.
FLOT currently has the higher Sharpe Ratio (6.56 vs 1.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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