FLO5.L vs. FLOS.L
FLO5.L (iShares USD Floating Rate Bond UCITS ETF) and FLOS.L (iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - FLO5.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while FLOS.L is a Ultra Short-Term Bonds fund tracking the Bloomberg US Floating Rate Note <5 Years Index. Both are passively managed. Over the past 5 years, FLO5.L returned 4.85%/yr vs 4.00%/yr for FLOS.L. At a correlation of -0.01, they often move in opposite directions. FLO5.L charges 0.10%/yr vs 0.12%/yr for FLOS.L.
Performance
FLO5.L vs. FLOS.L - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with FLO5.L having a 2.32% return and FLOS.L slightly higher at 2.34%.
FLO5.L
- 1D
- 0.13%
- 1M
- -0.21%
- 6M
- 1.62%
- YTD
- 2.32%
- 1Y
- 4.23%
- 3Y*
- 4.56%
- 5Y*
- 4.85%
- 10Y*
- —
FLOS.L
- 1D
- -0.06%
- 1M
- 0.33%
- 6M
- 2.02%
- YTD
- 2.34%
- 1Y
- 4.51%
- 3Y*
- 5.40%
- 5Y*
- 4.00%
- 10Y*
- —
FLO5.L vs. FLOS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 2.32% | -2.05% | 8.11% | 0.76% | 13.56% | 1.75% | -2.65% | 0.79% | 7.27% | 1.03% |
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 2.34% | 4.78% | 6.24% | 6.00% | 0.83% | 0.10% | 0.18% | 2.42% | -0.45% | 0.10% |
Correlation
The correlation between FLO5.L and FLOS.L is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2017 | -0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLO5.L vs. FLOS.L — Risk / Return Rank
FLO5.L
FLOS.L
FLO5.L vs. FLOS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Floating Rate Bond UCITS ETF (FLO5.L) and iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.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.
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.
| FLO5.L | FLOS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.52 | ||
| Sortino ratioReturn per unit of downside risk | -6.45 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.98 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | 0.98 | 15.59 | -14.61 |
| Martin ratioReturn relative to average drawdown | 2.52 | 78.69 | -76.16 |
Loading charts...
Drawdowns
FLO5.L vs. FLOS.L - Drawdown Comparison
The maximum FLO5.L drawdown since its inception was -14.02%, smaller than the maximum FLOS.L drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for FLO5.L and FLOS.L.
Loading charts...
Drawdown Indicators
| FLO5.L | FLOS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.02% | -14.78% | +0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.32% | -0.29% | -4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -9.46% | -1.46% | -8.00% |
Max Drawdown (5Y)Largest decline over 5 years | -14.02% | -2.13% | -11.89% |
Current DrawdownCurrent decline from peak | -3.05% | -0.11% | -2.94% |
Average DrawdownAverage peak-to-trough decline | -5.64% | -0.25% | -5.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 0.06% | +1.61% |
Volatility
FLO5.L vs. FLOS.L - Volatility Comparison
iShares USD Floating Rate Bond UCITS ETF (FLO5.L) has a higher volatility of 1.28% compared to iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.L) at 0.23%. This indicates that FLO5.L's price experiences larger fluctuations and is considered to be riskier than FLOS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLO5.L | FLOS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.23% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 4.77% | 0.81% | +3.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.40% | 1.08% | +5.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.64% | 1.68% | +6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.89% | 3.36% | +5.53% |
FLO5.L vs. FLOS.L - Expense Ratio Comparison
FLO5.L has a 0.10% expense ratio, which is lower than FLOS.L's 0.12% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
FLO5.L vs. FLOS.L - Dividend Comparison
FLO5.L's dividend yield for the trailing twelve months is around 4.74%, more than FLOS.L's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 4.74% | 5.11% | 5.98% | 5.63% | 1.47% | 0.59% | 1.73% | 3.00% | 2.16% | 0.48% |
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 4.68% | 5.02% | 5.93% | 5.46% | 1.50% | 0.57% | 1.62% | 2.95% | 2.27% | 0.00% |
Frequently Asked Questions
FLO5.L and FLOS.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.12% for FLOS.L.
FLO5.L is categorized as Corporate Bonds, while FLOS.L is Ultra Short-Term Bonds. FLO5.L tracks Bloomberg US Corp Bond TR USD, while FLOS.L tracks Bloomberg US Floating Rate Note <5 Years Index. Their fees differ too: 0.10% for FLO5.L and 0.12% for FLOS.L.
Find the right allocation for FLO5.L and FLOS.L
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer