FLOS.L vs. FLOT.L
FLOS.L (iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)) and FLOT.L (iShares $ Floating Rate Bond UCITS ETF USD (Dist)) are both Ultrashort Bond funds from iShares - FLOS.L tracks the iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) while FLOT.L tracks the iShares $ Floating Rate Bond UCITS ETF USD (Dist). Both are passively managed. Over the past 5 years, FLOS.L returned 4.01%/yr vs 4.69%/yr for FLOT.L. At a correlation of -0.00, they often move in opposite directions. FLOS.L charges 0.12%/yr vs 0.10%/yr for FLOT.L.
Performance
FLOS.L vs. FLOT.L - Performance Comparison
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Different Trading Currencies
FLOS.L is traded in GBp, while FLOT.L is traded in USD. To make them comparable, the FLOT.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLOS.L achieves a 2.36% return, which is significantly higher than FLOT.L's 1.96% return.
FLOS.L
- 1D
- 0.04%
- 1M
- 0.31%
- 6M
- 2.21%
- YTD
- 2.36%
- 1Y
- 4.64%
- 3Y*
- 5.41%
- 5Y*
- 4.01%
- 10Y*
- —
FLOT.L
- 1D
- 0.00%
- 1M
- -0.48%
- 6M
- 1.56%
- YTD
- 1.96%
- 1Y
- 3.66%
- 3Y*
- 4.43%
- 5Y*
- 4.69%
- 10Y*
- —
FLOS.L vs. FLOT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 2.36% | 4.78% | 6.24% | 6.00% | 0.83% | 0.10% | 0.18% | 2.42% | -0.45% | 0.28% |
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 1.96% | -2.30% | 8.24% | 0.74% | 13.98% | 1.55% | -2.36% | 0.22% | 7.40% | -3.72% |
Correlation
The correlation between FLOS.L and FLOT.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 | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2017 | -0.00 |
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Return for Risk
FLOS.L vs. FLOT.L — Risk / Return Rank
FLOS.L
FLOT.L
FLOS.L vs. FLOT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.L) and iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.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.
| FLOS.L | FLOT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.66 | ||
| Sortino ratioReturn per unit of downside risk | +6.71 | ||
| Omega ratioGain probability vs. loss probability | 2.00 | 1.10 | +0.90 |
| Calmar ratioReturn relative to maximum drawdown | 15.76 | 0.79 | +14.98 |
| Martin ratioReturn relative to average drawdown | 79.94 | 2.17 | +77.76 |
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Drawdowns
FLOS.L vs. FLOT.L - Drawdown Comparison
The maximum FLOS.L drawdown since its inception was -14.78%, roughly equal to the maximum FLOT.L drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for FLOS.L and FLOT.L.
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Drawdown Indicators
| FLOS.L | FLOT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -14.78% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -0.29% | -4.95% | +4.66% |
Max Drawdown (3Y)Largest decline over 3 years | -1.46% | -9.46% | +8.00% |
Max Drawdown (5Y)Largest decline over 5 years | -2.13% | -14.78% | +12.65% |
Current DrawdownCurrent decline from peak | -0.09% | -3.32% | +3.23% |
Average DrawdownAverage peak-to-trough decline | -0.25% | -5.87% | +5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 1.80% | -1.74% |
Volatility
FLOS.L vs. FLOT.L - Volatility Comparison
The current volatility for iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.L) is 0.22%, while iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L) has a volatility of 1.97%. This indicates that FLOS.L experiences smaller price fluctuations and is considered to be less risky than FLOT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOS.L | FLOT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.22% | 1.97% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 0.80% | 5.05% | -4.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.07% | 6.63% | -5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.68% | 8.85% | -7.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.36% | 9.09% | -5.73% |
FLOS.L vs. FLOT.L - Expense Ratio Comparison
FLOS.L has a 0.12% expense ratio, which is higher than FLOT.L's 0.10% 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
FLOS.L vs. FLOT.L - Dividend Comparison
FLOS.L's dividend yield for the trailing twelve months is around 4.68%, which matches FLOT.L's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 4.68% | 5.02% | 5.93% | 5.46% | 1.50% | 0.57% | 1.62% | 2.95% | 2.27% | 0.00% |
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 4.68% | 5.02% | 6.05% | 5.50% | 1.45% | 0.60% | 1.59% | 2.91% | 2.21% | 0.46% |
Frequently Asked Questions
FLOS.L and FLOT.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, FLOT.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOT.L is cheaper with a 0.10% expense ratio, compared with 0.12% for FLOS.L.
FLOS.L tracks iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist), while FLOT.L tracks iShares $ Floating Rate Bond UCITS ETF USD (Dist). Their fees differ too: 0.12% for FLOS.L and 0.10% for FLOT.L.
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