FLO5.L vs. ISAC.L
FLO5.L (iShares USD Floating Rate Bond UCITS ETF) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - FLO5.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while ISAC.L is a Global Equities fund tracking the MSCI ACWI Index. Both are passively managed. Over the past 5 years, FLO5.L returned 1.22%/yr vs 12.60%/yr for ISAC.L. At a 0.06 correlation, their price movements are largely independent. FLO5.L charges 0.10%/yr vs 0.20%/yr for ISAC.L.
Performance
FLO5.L vs. ISAC.L - Performance Comparison
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Different Trading Currencies
FLO5.L is traded in GBp, while ISAC.L is traded in USD. To make them comparable, the ISAC.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLO5.L achieves a -0.05% return, which is significantly lower than ISAC.L's 12.06% return.
FLO5.L
- 1D
- 0.03%
- 1M
- -0.74%
- YTD
- -0.05%
- 6M
- -0.55%
- 1Y
- 1.25%
- 3Y*
- -2.38%
- 5Y*
- 1.22%
- 10Y*
- —
ISAC.L
- 1D
- 0.00%
- 1M
- 5.28%
- YTD
- 12.06%
- 6M
- 12.30%
- 1Y
- 30.14%
- 3Y*
- 18.17%
- 5Y*
- 12.60%
- 10Y*
- 13.48%
FLO5.L vs. ISAC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | -0.05% | -6.83% | 1.88% | -4.56% | 11.92% | 1.15% | -4.18% | -2.07% | 4.95% | 0.57% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 11.99% | 13.64% | 19.87% | 16.44% | -8.43% | 19.97% | 12.26% | 20.98% | -4.37% | 7.54% |
Correlation
The correlation between FLO5.L and ISAC.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 | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2017 | 0.06 |
The correlation between FLO5.L and ISAC.L shifts across timeframes, from -0.05 (5 years) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLO5.L vs. ISAC.L — Risk / Return Rank
FLO5.L
ISAC.L
FLO5.L vs. ISAC.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 MSCI ACWI UCITS ETF USD (Acc) (ISAC.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.
| FLO5.L | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.35 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.48 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 4.36 | -4.18 |
| Martin ratioReturn relative to average drawdown | 0.38 | 16.74 | -16.37 |
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
| FLO5.L | ISAC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 2.52 | -2.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.88 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.86 | -0.84 |
Drawdowns
FLO5.L vs. ISAC.L - Drawdown Comparison
The maximum FLO5.L drawdown since its inception was -20.77%, smaller than the maximum ISAC.L drawdown of -25.84%. Use the drawdown chart below to compare losses from any high point for FLO5.L and ISAC.L.
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Drawdown Indicators
| FLO5.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.77% | -25.84% | +5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -6.88% | +0.23% |
Max Drawdown (3Y)Largest decline over 3 years | -13.32% | -18.33% | +5.01% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -18.33% | -2.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.84% | — |
Current DrawdownCurrent decline from peak | -19.14% | -0.36% | -18.78% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -3.56% | -6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 1.80% | +1.50% |
Volatility
FLO5.L vs. ISAC.L - Volatility Comparison
The current volatility for iShares USD Floating Rate Bond UCITS ETF (FLO5.L) is 2.80%, while iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) has a volatility of 3.74%. This indicates that FLO5.L experiences smaller price fluctuations and is considered to be less risky than ISAC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLO5.L | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 3.74% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 5.01% | 9.25% | -4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.27% | 11.90% | -4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.03% | 14.29% | -5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.16% | 15.49% | -6.33% |
FLO5.L vs. ISAC.L - Expense Ratio Comparison
FLO5.L has a 0.10% expense ratio, which is lower than ISAC.L's 0.20% 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. ISAC.L - Dividend Comparison
FLO5.L's dividend yield for the trailing twelve months is around 0.05%, while ISAC.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLO5.L and ISAC.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 0.20% for ISAC.L.
FLO5.L is categorized as Corporate Bonds, while ISAC.L is Global Equities. FLO5.L tracks Bloomberg US Corp Bond TR USD, while ISAC.L tracks MSCI ACWI Index. Their fees differ too: 0.10% for FLO5.L and 0.20% for ISAC.L.
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