FLOT.L vs. CBS5.L
FLOT.L (iShares $ Floating Rate Bond UCITS ETF USD (Dist)) and CBS5.L (UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc) are both exchange-traded funds - FLOT.L is a Ultra Short-Term Bonds fund tracking the Bloomberg US Floating Rate Note <5 Years Index, while CBS5.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 3 years, FLOT.L returned 5.63%/yr vs 5.24%/yr for CBS5.L. At a 0.03 correlation, their price movements are largely independent. FLOT.L charges 0.10%/yr vs 0.20%/yr for CBS5.L.
Performance
FLOT.L vs. CBS5.L - Performance Comparison
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Different Trading Currencies
FLOT.L is traded in USD, while CBS5.L is traded in GBp. To make them comparable, the CBS5.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLOT.L achieves a 2.38% return, which is significantly higher than CBS5.L's 0.39% return.
FLOT.L
- 1D
- 0.00%
- 1M
- 0.40%
- 6M
- 2.18%
- YTD
- 2.38%
- 1Y
- 4.77%
- 3Y*
- 5.63%
- 5Y*
- 4.33%
- 10Y*
- —
CBS5.L
- 1D
- -0.42%
- 1M
- 0.66%
- 6M
- 0.60%
- YTD
- 0.39%
- 1Y
- 3.44%
- 3Y*
- 5.24%
- 5Y*
- —
- 10Y*
- —
FLOT.L vs. CBS5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 2.38% | 5.19% | 6.39% | 6.04% | 2.08% |
CBS5.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc | 0.39% | 7.30% | 4.27% | 5.56% | -22.10% |
Correlation
The correlation between FLOT.L and CBS5.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2022 | 0.03 |
The correlation between FLOT.L and CBS5.L shifts across timeframes, from 0.03 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLOT.L vs. CBS5.L — Risk / Return Rank
FLOT.L
CBS5.L
FLOT.L vs. CBS5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L) and UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc (CBS5.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.
| FLOT.L | CBS5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.16 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 23.83 | 1.98 | +21.85 |
| Martin ratioReturn relative to average drawdown | 44.39 | 6.36 | +38.03 |
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Drawdowns
FLOT.L vs. CBS5.L - Drawdown Comparison
The maximum FLOT.L drawdown since its inception was -14.03%, smaller than the maximum CBS5.L drawdown of -24.92%. Use the drawdown chart below to compare losses from any high point for FLOT.L and CBS5.L.
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Drawdown Indicators
| FLOT.L | CBS5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.03% | -24.92% | +10.89% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -1.98% | +1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -2.53% | -2.13% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.63% | +7.63% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -15.85% | +15.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.62% | -0.51% |
Volatility
FLOT.L vs. CBS5.L - Volatility Comparison
The current volatility for iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L) is 0.61%, while UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc (CBS5.L) has a volatility of 1.28%. This indicates that FLOT.L experiences smaller price fluctuations and is considered to be less risky than CBS5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOT.L | CBS5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.28% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 3.59% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 4.34% | -2.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 11.52% | -8.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.92% | 11.52% | -7.60% |
FLOT.L vs. CBS5.L - Expense Ratio Comparison
FLOT.L has a 0.10% expense ratio, which is lower than CBS5.L's 0.20% 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
FLOT.L vs. CBS5.L - Dividend Comparison
FLOT.L's dividend yield for the trailing twelve months is around 4.68%, while CBS5.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CBS5.L UBS ETF (LU) Bloomberg MSCI US Liquid Corporates 1-5 Year Sustainable UCITS ETF (USD) A-acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
FLOT.L and CBS5.L 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, 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 0.20% for CBS5.L.
FLOT.L is categorized as Ultra Short-Term Bonds, while CBS5.L is Corporate Bonds. FLOT.L tracks Bloomberg US Floating Rate Note <5 Years Index, while CBS5.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: iShares and UBS. Their fees differ too: 0.10% for FLOT.L and 0.20% for CBS5.L.
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