FLOA.L vs. ISAC.L
FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) and ISAC.L (iShares MSCI ACWI UCITS ETF USD (Acc)) are both exchange-traded funds - FLOA.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, FLOA.L returned 4.28%/yr vs 11.38%/yr for ISAC.L. At a 0.11 correlation, their price movements are largely independent. FLOA.L charges 0.10%/yr vs 0.20%/yr for ISAC.L.
Performance
FLOA.L vs. ISAC.L - 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 ISAC.L's 11.54% 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*
- —
ISAC.L
- 1D
- -0.10%
- 1M
- 4.26%
- YTD
- 11.54%
- 6M
- 13.01%
- 1Y
- 28.81%
- 3Y*
- 21.19%
- 5Y*
- 11.38%
- 10Y*
- 12.63%
FLOA.L vs. ISAC.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) | 2.04% | 4.98% | 6.42% | 6.62% | 1.35% | 0.42% | 0.86% | 4.17% | 0.86% |
ISAC.L iShares MSCI ACWI UCITS ETF USD (Acc) | 11.54% | 22.36% | 17.81% | 22.57% | -18.16% | 18.85% | 15.66% | 25.77% | -7.35% |
Correlation
The correlation between FLOA.L and ISAC.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
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 | 0.11 |
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Return for Risk
FLOA.L vs. ISAC.L — Risk / Return Rank
FLOA.L
ISAC.L
FLOA.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 USD (Acc) (FLOA.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.
| FLOA.L | ISAC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +3.44 | ||
| Omega ratioGain probability vs. loss probability | 2.07 | 1.43 | +0.65 |
| Calmar ratioReturn relative to maximum drawdown | 10.50 | 3.27 | +7.23 |
| Martin ratioReturn relative to average drawdown | 55.93 | 13.72 | +42.22 |
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 | ISAC.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.02 | 2.31 | +1.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.16 | 0.73 | +1.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.75 | +0.04 |
Drawdowns
FLOA.L vs. ISAC.L - Drawdown Comparison
The maximum FLOA.L drawdown since its inception was -14.96%, smaller than the maximum ISAC.L drawdown of -33.82%. Use the drawdown chart below to compare losses from any high point for FLOA.L and ISAC.L.
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Drawdown Indicators
| FLOA.L | ISAC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.96% | -33.82% | +18.86% |
Max Drawdown (1Y)Largest decline over 1 year | -0.48% | -8.77% | +8.29% |
Max Drawdown (3Y)Largest decline over 3 years | -1.74% | -16.56% | +14.82% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -26.07% | +23.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.82% | — |
Current DrawdownCurrent decline from peak | -0.06% | -0.72% | +0.66% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -4.69% | +4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 2.10% | -2.01% |
Volatility
FLOA.L vs. ISAC.L - Volatility Comparison
The current volatility for iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) is 0.49%, while iShares MSCI ACWI UCITS ETF USD (Acc) (ISAC.L) has a volatility of 3.84%. This indicates that FLOA.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
| FLOA.L | ISAC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 3.84% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 9.77% | -8.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.24% | 12.40% | -11.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 15.57% | -13.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 15.95% | -11.68% |
FLOA.L vs. ISAC.L - Expense Ratio Comparison
FLOA.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
FLOA.L vs. ISAC.L - Dividend Comparison
Neither FLOA.L nor ISAC.L has paid dividends to shareholders.
Frequently Asked Questions
FLOA.L and ISAC.L have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOA.L is cheaper with a 0.10% expense ratio, compared with 0.20% for ISAC.L.
FLOA.L is categorized as Corporate Bonds, while ISAC.L is Global Equities. FLOA.L tracks Bloomberg US Corp Bond TR USD, while ISAC.L tracks MSCI ACWI Index. Their fees differ too: 0.10% for FLOA.L and 0.20% for ISAC.L.
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