FLO5.L vs. UC81.L
FLO5.L (iShares USD Floating Rate Bond UCITS ETF) and UC81.L (UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis) are both Corporate Bonds funds - FLO5.L tracks the Bloomberg US Corp Bond TR USD while UC81.L tracks the Bloomberg US Corp 1-3 Yr TR USD. Both are passively managed. Over the past 5 years, FLO5.L returned 1.22%/yr vs 3.20%/yr for UC81.L. Their correlation of 0.92 suggests significant overlap in exposure. FLO5.L charges 0.10%/yr vs 0.18%/yr for UC81.L.
Performance
FLO5.L vs. UC81.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLO5.L achieves a -0.05% return, which is significantly lower than UC81.L's 0.48% 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*
- —
UC81.L
- 1D
- 0.17%
- 1M
- 1.13%
- YTD
- 0.48%
- 6M
- 0.19%
- 1Y
- 5.34%
- 3Y*
- 2.64%
- 5Y*
- 3.20%
- 10Y*
- 3.31%
FLO5.L vs. UC81.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% |
UC81.L UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis | 0.48% | -0.20% | 6.44% | 0.38% | 4.76% | 0.32% | 1.51% | 4.23% | 6.12% | 0.31% |
Correlation
The correlation between FLO5.L and UC81.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 | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2017 | 0.92 |
The correlation between FLO5.L and UC81.L has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.
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Return for Risk
FLO5.L vs. UC81.L — Risk / Return Rank
FLO5.L
UC81.L
FLO5.L vs. UC81.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 UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.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 | UC81.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.16 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 1.24 | -1.05 |
| Martin ratioReturn relative to average drawdown | 0.38 | 3.19 | -2.81 |
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 | UC81.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.91 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.41 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.43 | -0.41 |
Drawdowns
FLO5.L vs. UC81.L - Drawdown Comparison
The maximum FLO5.L drawdown since its inception was -20.77%, which is greater than UC81.L's maximum drawdown of -14.94%. Use the drawdown chart below to compare losses from any high point for FLO5.L and UC81.L.
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Drawdown Indicators
| FLO5.L | UC81.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.77% | -14.94% | -5.83% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -4.29% | -2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -13.32% | -8.01% | -5.31% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -14.31% | -6.46% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.94% | — |
Current DrawdownCurrent decline from peak | -19.14% | -2.57% | -16.57% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -5.56% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 1.67% | +1.63% |
Volatility
FLO5.L vs. UC81.L - Volatility Comparison
iShares USD Floating Rate Bond UCITS ETF (FLO5.L) has a higher volatility of 2.80% compared to UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis (UC81.L) at 1.51%. This indicates that FLO5.L's price experiences larger fluctuations and is considered to be riskier than UC81.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 | UC81.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 1.51% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 5.01% | 4.27% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.27% | 5.82% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.03% | 7.78% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.16% | 9.16% | 0.00% |
FLO5.L vs. UC81.L - Expense Ratio Comparison
FLO5.L has a 0.10% expense ratio, which is lower than UC81.L's 0.18% 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. UC81.L - Dividend Comparison
FLO5.L's dividend yield for the trailing twelve months is around 0.05%, less than UC81.L's 4.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
UC81.L UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 Year UCITS ETF (USD) A-dis | 4.67% | 5.59% | 4.77% | 3.28% | 1.36% | 1.58% | 2.75% | 2.90% | 2.20% | 2.16% | 1.86% | 0.84% |
Frequently Asked Questions
With a correlation of 0.92, FLO5.L and UC81.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 0.18% for UC81.L.
FLO5.L tracks Bloomberg US Corp Bond TR USD, while UC81.L tracks Bloomberg US Corp 1-3 Yr TR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.10% for FLO5.L and 0.18% for UC81.L.
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