FLOA.L vs. ^SP500TR
Compare and contrast key facts about iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) and S&P 500 Total Return (^SP500TR).
FLOA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Mar 20, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLOA.L or ^SP500TR.
Key characteristics
| FLOA.L | ^SP500TR | |
|---|---|---|
| YTD Return | 2.74% | 10.01% |
| 1Y Return | 7.07% | 28.56% |
| 3Y Return (Ann) | 3.61% | 9.47% |
| 5Y Return (Ann) | 2.77% | 14.78% |
| Sharpe Ratio | 8.36 | 2.45 |
| Daily Std Dev | 0.84% | 11.59% |
| Max Drawdown | -14.96% | -55.25% |
| Current Drawdown | 0.00% | -0.50% |
Correlation
The correlation between FLOA.L and ^SP500TR is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLOA.L vs. ^SP500TR - Performance Comparison
In the year-to-date period, FLOA.L achieves a 2.74% return, which is significantly lower than ^SP500TR's 10.01% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FLOA.L vs. ^SP500TR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) and S&P 500 Total Return (^SP500TR). 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.
Drawdowns
FLOA.L vs. ^SP500TR - Drawdown Comparison
The maximum FLOA.L drawdown since its inception was -14.96%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for FLOA.L and ^SP500TR. For additional features, visit the drawdowns tool.
Volatility
FLOA.L vs. ^SP500TR - Volatility Comparison
The current volatility for iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) is 0.24%, while S&P 500 Total Return (^SP500TR) has a volatility of 3.61%. This indicates that FLOA.L experiences smaller price fluctuations and is considered to be less risky than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.