FLOA.L vs. ^SP500TR
FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) is Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 5 years, FLOA.L returned 4.28%/yr vs 14.02%/yr for ^SP500TR. At a 0.10 correlation, their price movements are largely independent.
Performance
FLOA.L vs. ^SP500TR - Performance Comparison
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Returns By Period
In the year-to-date period, FLOA.L achieves a 2.04% return, which is significantly lower than ^SP500TR's 11.36% return.
FLOA.L
- 1D
- 0.06%
- 1M
- 0.46%
- YTD
- 2.04%
- 6M
- 2.24%
- 1Y
- 5.02%
- 3Y*
- 5.73%
- 5Y*
- 4.28%
- 10Y*
- —
^SP500TR
- 1D
- 0.42%
- 1M
- 4.61%
- YTD
- 11.36%
- 6M
- 11.27%
- 1Y
- 28.58%
- 3Y*
- 22.72%
- 5Y*
- 14.02%
- 10Y*
- 15.58%
FLOA.L vs. ^SP500TR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 2.04% | 4.98% | 6.42% | 6.62% | 1.35% | 0.42% | 0.86% | 4.17% | 0.86% |
^SP500TR S&P 500 Total Return | 11.36% | 17.88% | 25.02% | 26.29% | -18.11% | 28.71% | 18.40% | 31.49% | -2.32% |
Correlation
The correlation between FLOA.L and ^SP500TR is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2018 | 0.10 |
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Return for Risk
FLOA.L vs. ^SP500TR — Risk / Return Rank
FLOA.L
^SP500TR
FLOA.L vs. ^SP500TR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) and S&P 500 Total Return (^SP500TR). 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.
| FLOA.L | ^SP500TR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +3.56 | ||
| Omega ratioGain probability vs. loss probability | 2.07 | 1.44 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 10.50 | 3.23 | +7.27 |
| Martin ratioReturn relative to average drawdown | 55.93 | 15.09 | +40.84 |
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
| FLOA.L | ^SP500TR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.02 | 2.42 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.16 | 0.83 | +1.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.65 | +0.14 |
Drawdowns
FLOA.L vs. ^SP500TR - Drawdown Comparison
The maximum FLOA.L drawdown since its inception was -14.96%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FLOA.L and ^SP500TR.
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Drawdown Indicators
| FLOA.L | ^SP500TR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.96% | -55.25% | +40.29% |
Max Drawdown (1Y)Largest decline over 1 year | -0.48% | -8.89% | +8.41% |
Max Drawdown (3Y)Largest decline over 3 years | -1.74% | -18.75% | +17.01% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -24.49% | +21.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.79% | — |
Current DrawdownCurrent decline from peak | -0.06% | -0.32% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -8.16% | +7.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 1.90% | -1.81% |
Volatility
FLOA.L vs. ^SP500TR - Volatility Comparison
The current volatility for iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) is 0.49%, while S&P 500 Total Return (^SP500TR) has a volatility of 2.87%. This indicates that FLOA.L experiences smaller price fluctuations and is considered to be less risky than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOA.L | ^SP500TR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 2.87% | -2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 9.00% | -7.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.24% | 11.88% | -10.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 16.90% | -14.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 18.06% | -13.79% |
Frequently Asked Questions
FLOA.L and ^SP500TR have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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