FLO5.L vs. XYLD.L
FLO5.L (iShares USD Floating Rate Bond UCITS ETF) and XYLD.L (Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from iShares and Xtrackers respectively. Both are passively managed. Over the past 5 years, FLO5.L returned 1.22%/yr vs 2.97%/yr for XYLD.L. A 0.69 correlation means they provide meaningful diversification when combined. FLO5.L charges 0.10%/yr vs 0.16%/yr for XYLD.L.
Performance
FLO5.L vs. XYLD.L - Performance Comparison
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Different Trading Currencies
FLO5.L is traded in GBp, while XYLD.L is traded in USD. To make them comparable, the XYLD.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 XYLD.L's 1.12% 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*
- —
XYLD.L
- 1D
- 0.13%
- 1M
- 1.16%
- YTD
- 1.12%
- 6M
- 0.44%
- 1Y
- 5.17%
- 3Y*
- 2.55%
- 5Y*
- 2.97%
- 10Y*
- —
FLO5.L vs. XYLD.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | 7.84% |
XYLD.L Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D | 1.12% | -1.37% | 6.73% | 0.47% | 2.15% | 1.31% | 7.05% | 12.73% | 7.59% |
Correlation
The correlation between FLO5.L and XYLD.L is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2018 | 0.69 |
The correlation between FLO5.L and XYLD.L has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
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Return for Risk
FLO5.L vs. XYLD.L — Risk / Return Rank
FLO5.L
XYLD.L
FLO5.L vs. XYLD.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 Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.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 | XYLD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.14 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 1.02 | -0.84 |
| Martin ratioReturn relative to average drawdown | 0.38 | 2.88 | -2.50 |
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 | XYLD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.17 | 0.81 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.36 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.49 | -0.47 |
Drawdowns
FLO5.L vs. XYLD.L - Drawdown Comparison
The maximum FLO5.L drawdown since its inception was -20.77%, which is greater than XYLD.L's maximum drawdown of -15.48%. Use the drawdown chart below to compare losses from any high point for FLO5.L and XYLD.L.
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Drawdown Indicators
| FLO5.L | XYLD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.77% | -15.48% | -5.29% |
Max Drawdown (1Y)Largest decline over 1 year | -6.65% | -5.03% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -13.32% | -8.74% | -4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -20.77% | -15.48% | -5.29% |
Current DrawdownCurrent decline from peak | -19.14% | -4.15% | -14.99% |
Average DrawdownAverage peak-to-trough decline | -9.77% | -5.22% | -4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 1.79% | +1.51% |
Volatility
FLO5.L vs. XYLD.L - Volatility Comparison
iShares USD Floating Rate Bond UCITS ETF (FLO5.L) has a higher volatility of 2.80% compared to Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D (XYLD.L) at 1.51%. This indicates that FLO5.L's price experiences larger fluctuations and is considered to be riskier than XYLD.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 | XYLD.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% | 4.86% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.27% | 6.35% | +0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.03% | 8.28% | +0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.16% | 9.30% | -0.14% |
FLO5.L vs. XYLD.L - Expense Ratio Comparison
FLO5.L has a 0.10% expense ratio, which is lower than XYLD.L's 0.16% 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. XYLD.L - Dividend Comparison
FLO5.L's dividend yield for the trailing twelve months is around 0.05%, less than XYLD.L's 3.76% yield.
| 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% |
XYLD.L Xtrackers USD Corporate Bond Short Duration SRI PAB UCITS ETF 1D | 3.76% | 3.61% | 3.34% | 2.88% | 6.03% | 3.88% | 3.78% | 2.92% | 0.00% | 0.00% |
Frequently Asked Questions
FLO5.L and XYLD.L have a correlation of 0.71, 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 0.16% for XYLD.L.
Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.10% for FLO5.L and 0.16% for XYLD.L.
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