FLOA.L vs. XMBR.L
FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) and XMBR.L (Xtrackers MSCI Brazil UCITS ETF 1C) are both exchange-traded funds - FLOA.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while XMBR.L is a Latin America Equities fund tracking the MSCI Brazil NR USD. Both are passively managed. Over the past 5 years, FLOA.L returned 4.34%/yr vs 6.02%/yr for XMBR.L. At a 0.09 correlation, their price movements are largely independent. FLOA.L charges 0.10%/yr vs 0.65%/yr for XMBR.L.
Performance
FLOA.L vs. XMBR.L - Performance Comparison
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Different Trading Currencies
FLOA.L is traded in USD, while XMBR.L is traded in GBp. To make them comparable, the XMBR.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLOA.L achieves a 2.49% return, which is significantly lower than XMBR.L's 14.35% return.
FLOA.L
- 1D
- 0.00%
- 1M
- 0.30%
- 6M
- 2.17%
- YTD
- 2.49%
- 1Y
- 4.77%
- 3Y*
- 5.58%
- 5Y*
- 4.34%
- 10Y*
- —
XMBR.L
- 1D
- 0.20%
- 1M
- 3.11%
- 6M
- 11.04%
- YTD
- 14.35%
- 1Y
- 38.60%
- 3Y*
- 10.24%
- 5Y*
- 6.02%
- 10Y*
- 6.87%
FLOA.L vs. XMBR.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% |
XMBR.L Xtrackers MSCI Brazil UCITS ETF 1C | 14.35% | 48.69% | -29.80% | 32.04% | 12.40% | -17.87% | -19.57% | 25.22% | -10.53% |
Correlation
The correlation between FLOA.L and XMBR.L is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 21, 2018 | 0.09 |
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Return for Risk
FLOA.L vs. XMBR.L — Risk / Return Rank
FLOA.L
XMBR.L
FLOA.L vs. XMBR.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 Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.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 | XMBR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.23 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.92 | 1.28 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 10.31 | 1.99 | +8.32 |
| Martin ratioReturn relative to average drawdown | 42.95 | 5.21 | +37.74 |
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Drawdowns
FLOA.L vs. XMBR.L - Drawdown Comparison
The maximum FLOA.L drawdown since its inception was -14.96%, smaller than the maximum XMBR.L drawdown of -88.66%. Use the drawdown chart below to compare losses from any high point for FLOA.L and XMBR.L.
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Drawdown Indicators
| FLOA.L | XMBR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.96% | -88.66% | +73.70% |
Max Drawdown (1Y)Largest decline over 1 year | -0.46% | -19.31% | +18.85% |
Max Drawdown (3Y)Largest decline over 3 years | -1.77% | -39.50% | +37.73% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -39.50% | +36.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.42% | — |
Current DrawdownCurrent decline from peak | -0.15% | -59.79% | +59.64% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -68.89% | +68.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 7.39% | -7.28% |
Volatility
FLOA.L vs. XMBR.L - Volatility Comparison
The current volatility for iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) is 0.44%, while Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) has a volatility of 5.50%. This indicates that FLOA.L experiences smaller price fluctuations and is considered to be less risky than XMBR.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 | XMBR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | 5.50% | -5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.33% | 18.09% | -16.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.64% | 23.01% | -21.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.11% | 30.54% | -28.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.27% | 33.50% | -29.23% |
FLOA.L vs. XMBR.L - Expense Ratio Comparison
FLOA.L has a 0.10% expense ratio, which is lower than XMBR.L's 0.65% expense ratio.
Dividends
FLOA.L vs. XMBR.L - Dividend Comparison
Neither FLOA.L nor XMBR.L has paid dividends to shareholders.
Frequently Asked Questions
FLOA.L and XMBR.L have a correlation of 0.07, 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 0.65% for XMBR.L.
FLOA.L is categorized as Corporate Bonds, while XMBR.L is Latin America Equities. FLOA.L tracks Bloomberg US Corp Bond TR USD, while XMBR.L tracks MSCI Brazil NR USD. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.10% for FLOA.L and 0.65% for XMBR.L.
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