FLOA.L vs. VTIP
FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) and VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) are both exchange-traded funds - FLOA.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. Both are passively managed. Over the past 5 years, FLOA.L returned 4.28%/yr vs 3.35%/yr for VTIP. At a 0.05 correlation, their price movements are largely independent. FLOA.L charges 0.10%/yr vs 0.03%/yr for VTIP.
Performance
FLOA.L vs. VTIP - 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 2.04% return and VTIP slightly lower at 1.97%.
FLOA.L
- 1D
- 0.06%
- 1M
- 0.46%
- YTD
- 2.04%
- 6M
- 2.24%
- 1Y
- 5.02%
- 3Y*
- 5.73%
- 5Y*
- 4.28%
- 10Y*
- —
VTIP
- 1D
- -0.08%
- 1M
- 0.10%
- YTD
- 1.97%
- 6M
- 1.99%
- 1Y
- 4.51%
- 3Y*
- 5.18%
- 5Y*
- 3.35%
- 10Y*
- 3.13%
FLOA.L vs. VTIP - 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.97% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.50% |
Correlation
The correlation between FLOA.L and VTIP is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2018 | 0.05 |
The correlation between FLOA.L and VTIP shifts across timeframes, from -0.14 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLOA.L vs. VTIP — Risk / Return Rank
FLOA.L
VTIP
FLOA.L vs. VTIP - 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 Short-Term Inflation-Protected Securities ETF (VTIP). 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 | VTIP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 2.07 | 1.63 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 10.50 | 6.48 | +4.03 |
| Martin ratioReturn relative to average drawdown | 55.93 | 25.53 | +30.40 |
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 | VTIP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.02 | 3.02 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.16 | 1.21 | +0.94 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.79 | 0.89 | -0.10 |
Drawdowns
FLOA.L vs. VTIP - Drawdown Comparison
The maximum FLOA.L drawdown since its inception was -14.96%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for FLOA.L and VTIP.
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Drawdown Indicators
| FLOA.L | VTIP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.96% | -6.27% | -8.69% |
Max Drawdown (1Y)Largest decline over 1 year | -0.48% | -0.70% | +0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -1.74% | -0.98% | -0.76% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -5.50% | +2.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -6.27% | — |
Current DrawdownCurrent decline from peak | -0.06% | -0.10% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -1.04% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 0.18% | -0.09% |
Volatility
FLOA.L vs. VTIP - Volatility Comparison
iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) has a higher volatility of 0.49% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.42%. This indicates that FLOA.L's price experiences larger fluctuations and is considered to be riskier than VTIP 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 | VTIP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.42% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 1.03% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.24% | 1.50% | -0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.98% | 2.77% | -0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 2.74% | +1.53% |
FLOA.L vs. VTIP - Expense Ratio Comparison
FLOA.L has a 0.10% expense ratio, which is higher than VTIP's 0.03% expense ratio. However, 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. VTIP - Dividend Comparison
FLOA.L has not paid dividends to shareholders, while VTIP's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.59% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
FLOA.L and VTIP have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTIP is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.10% for FLOA.L.
FLOA.L is categorized as Corporate Bonds, while VTIP is Inflation-Protected Bonds. FLOA.L tracks Bloomberg US Corp Bond TR USD, while VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.10% for FLOA.L and 0.03% for VTIP.
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