FLOA.L vs. FLOT.L
FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) and FLOT.L (iShares $ Floating Rate Bond UCITS ETF USD (Dist)) are both exchange-traded funds - FLOA.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while FLOT.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, FLOA.L returned 4.34%/yr vs 4.33%/yr for FLOT.L. At a 0.22 correlation, their price movements are largely independent. Both charge a 0.10% expense ratio.
Performance
FLOA.L vs. FLOT.L - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FLOA.L having a 2.49% return and FLOT.L slightly lower at 2.38%.
FLOA.L
- 1D
- 0.00%
- 1M
- 0.30%
- 6M
- 2.17%
- YTD
- 2.49%
- 1Y
- 4.60%
- 3Y*
- 5.58%
- 5Y*
- 4.34%
- 10Y*
- —
FLOT.L
- 1D
- 0.00%
- 1M
- 0.40%
- 6M
- 2.18%
- YTD
- 2.38%
- 1Y
- 4.77%
- 3Y*
- 5.63%
- 5Y*
- 4.33%
- 10Y*
- —
FLOA.L vs. FLOT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 2.49% | 4.89% | 6.42% | 6.65% | 1.35% | 0.42% | 0.86% | 4.17% | 1.01% |
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 2.38% | 5.19% | 6.39% | 6.04% | 1.87% | 0.60% | 0.60% | 4.19% | 0.99% |
Correlation
The correlation between FLOA.L and FLOT.L 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 | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.22 |
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Return for Risk
FLOA.L vs. FLOT.L — Risk / Return Rank
FLOA.L
FLOT.L
FLOA.L vs. FLOT.L - 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 iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.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.
| FLOA.L | FLOT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.89 | 1.64 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 9.95 | 23.83 | -13.88 |
| Martin ratioReturn relative to average drawdown | 41.15 | 44.39 | -3.25 |
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Drawdowns
FLOA.L vs. FLOT.L - Drawdown Comparison
The maximum FLOA.L drawdown since its inception was -14.96%, which is greater than FLOT.L's maximum drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for FLOA.L and FLOT.L.
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Drawdown Indicators
| FLOA.L | FLOT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.96% | -14.03% | -0.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.46% | -0.20% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -1.77% | -2.53% | +0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -2.53% | 0.00% |
Current DrawdownCurrent decline from peak | -0.15% | 0.00% | -0.15% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -0.22% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.11% | 0.00% |
Volatility
FLOA.L vs. FLOT.L - Volatility Comparison
The current volatility for iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) is 0.44%, while iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L) has a volatility of 0.61%. This indicates that FLOA.L experiences smaller price fluctuations and is considered to be less risky than FLOT.L 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 | FLOT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 0.61% | -0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 1.33% | 1.46% | -0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.64% | 1.94% | -0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.11% | 2.90% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.26% | 3.92% | +0.34% |
FLOA.L vs. FLOT.L - Expense Ratio Comparison
Both FLOA.L and FLOT.L have an expense ratio of 0.10%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FLOA.L vs. FLOT.L - Dividend Comparison
FLOA.L has not paid dividends to shareholders, while FLOT.L's dividend yield for the trailing twelve months is around 4.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 4.68% | 5.02% | 6.05% | 5.50% | 1.45% | 0.60% | 1.59% | 2.91% | 2.21% | 0.46% |
Frequently Asked Questions
FLOA.L and FLOT.L 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.
Both ETFs have the same 0.10% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
FLOA.L and FLOT.L have the same expense ratio: 0.10% per year.
FLOA.L is categorized as Corporate Bonds, while FLOT.L is Ultra Short-Term Bonds. FLOA.L tracks Bloomberg US Corp Bond TR USD, while FLOT.L tracks Bloomberg US Floating Rate Note <5 Years Index.
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