FLOA.L vs. VHVE.L
FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) and VHVE.L (Vanguard FTSE Developed World 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 VHVE.L is a Global Equities fund tracking the FTSE Developed. Both are passively managed. Over the past 5 years, FLOA.L returned 4.28%/yr vs 12.10%/yr for VHVE.L. At a 0.12 correlation, their price movements are largely independent. FLOA.L charges 0.10%/yr vs 0.12%/yr for VHVE.L.
Performance
FLOA.L vs. VHVE.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 VHVE.L's 11.59% 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*
- —
VHVE.L
- 1D
- -0.07%
- 1M
- 4.47%
- YTD
- 11.59%
- 6M
- 12.99%
- 1Y
- 28.64%
- 3Y*
- 21.52%
- 5Y*
- 12.10%
- 10Y*
- —
FLOA.L vs. VHVE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 0.77% |
VHVE.L Vanguard FTSE Developed World UCITS ETF USD Acc | 11.59% | 22.18% | 17.93% | 24.66% | -18.06% | 21.15% | 16.52% | 8.50% |
Correlation
The correlation between FLOA.L and VHVE.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 | 0.11 |
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 Sep 27, 2019 | 0.12 |
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Return for Risk
FLOA.L vs. VHVE.L — Risk / Return Rank
FLOA.L
VHVE.L
FLOA.L vs. VHVE.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 Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.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 | VHVE.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +3.39 | ||
| Omega ratioGain probability vs. loss probability | 2.07 | 1.43 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 10.50 | 3.35 | +7.15 |
| Martin ratioReturn relative to average drawdown | 55.93 | 14.41 | +41.52 |
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 | VHVE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.02 | 2.34 | +1.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.16 | 0.78 | +1.38 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.85 | -0.06 |
Drawdowns
FLOA.L vs. VHVE.L - Drawdown Comparison
The maximum FLOA.L drawdown since its inception was -14.96%, smaller than the maximum VHVE.L drawdown of -33.60%. Use the drawdown chart below to compare losses from any high point for FLOA.L and VHVE.L.
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Drawdown Indicators
| FLOA.L | VHVE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.96% | -33.60% | +18.64% |
Max Drawdown (1Y)Largest decline over 1 year | -0.48% | -8.51% | +8.03% |
Max Drawdown (3Y)Largest decline over 3 years | -1.74% | -16.52% | +14.78% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -26.08% | +23.55% |
Current DrawdownCurrent decline from peak | -0.06% | -0.66% | +0.60% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -5.36% | +5.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 1.98% | -1.89% |
Volatility
FLOA.L vs. VHVE.L - Volatility Comparison
The current volatility for iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) is 0.49%, while Vanguard FTSE Developed World UCITS ETF USD Acc (VHVE.L) has a volatility of 3.64%. This indicates that FLOA.L experiences smaller price fluctuations and is considered to be less risky than VHVE.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 | VHVE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 3.64% | -3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 9.55% | -8.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.24% | 12.20% | -10.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 15.56% | -13.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 17.51% | -13.24% |
FLOA.L vs. VHVE.L - Expense Ratio Comparison
FLOA.L has a 0.10% expense ratio, which is lower than VHVE.L's 0.12% 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. VHVE.L - Dividend Comparison
Neither FLOA.L nor VHVE.L has paid dividends to shareholders.
Frequently Asked Questions
FLOA.L and VHVE.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 0.12% for VHVE.L.
FLOA.L is categorized as Corporate Bonds, while VHVE.L is Global Equities. FLOA.L tracks Bloomberg US Corp Bond TR USD, while VHVE.L tracks FTSE Developed. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.10% for FLOA.L and 0.12% for VHVE.L.
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