FLOT.L vs. TRIS.L
FLOT.L (iShares $ Floating Rate Bond UCITS ETF USD (Dist)) and TRIS.L (Invesco US Treasury Bond 0-1 Year UCITS ETF Dist) are both exchange-traded funds - FLOT.L is a Ultrashort Bond fund tracking the iShares $ Floating Rate Bond UCITS ETF USD (Dist), while TRIS.L is a Government Bonds fund tracking the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, FLOT.L returned 4.33%/yr vs 3.25%/yr for TRIS.L. At a 0.00 correlation, their price movements are largely independent. FLOT.L charges 0.10%/yr vs 0.06%/yr for TRIS.L.
Performance
FLOT.L vs. TRIS.L - Performance Comparison
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Different Trading Currencies
FLOT.L is traded in USD, while TRIS.L is traded in GBp. To make them comparable, the TRIS.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 TRIS.L's 2.14% 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*
- —
TRIS.L
- 1D
- 0.50%
- 1M
- 0.78%
- 6M
- 2.10%
- YTD
- 2.14%
- 1Y
- 3.41%
- 3Y*
- 4.48%
- 5Y*
- 3.25%
- 10Y*
- —
FLOT.L vs. TRIS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 2.38% | 5.19% | 6.39% | 6.04% | 1.87% | 0.60% | 0.40% |
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 2.14% | 3.53% | 5.06% | 4.48% | 0.53% | 0.33% | -22.64% |
Correlation
The correlation between FLOT.L and TRIS.L is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2020 | 0.00 |
The correlation between FLOT.L and TRIS.L shifts across timeframes, from -0.00 (5 years) to 0.12 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLOT.L vs. TRIS.L — Risk / Return Rank
FLOT.L
TRIS.L
FLOT.L vs. TRIS.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 Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.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 | TRIS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.85 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.13 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 23.83 | 2.23 | +21.60 |
| Martin ratioReturn relative to average drawdown | 44.39 | 6.38 | +38.01 |
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Drawdowns
FLOT.L vs. TRIS.L - Drawdown Comparison
The maximum FLOT.L drawdown since its inception was -14.03%, smaller than the maximum TRIS.L drawdown of -24.53%. Use the drawdown chart below to compare losses from any high point for FLOT.L and TRIS.L.
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Drawdown Indicators
| FLOT.L | TRIS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.03% | -24.53% | +10.50% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -1.53% | +1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -2.53% | -1.53% | -1.00% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -2.43% | -0.10% |
Current DrawdownCurrent decline from peak | 0.00% | -10.05% | +10.05% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -19.32% | +19.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.53% | -0.42% |
Volatility
FLOT.L vs. TRIS.L - Volatility Comparison
The current volatility for iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L) is 0.64%, while Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.L) has a volatility of 1.45%. This indicates that FLOT.L experiences smaller price fluctuations and is considered to be less risky than TRIS.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 | TRIS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.45% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 3.82% | -2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 4.65% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 4.87% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.92% | 10.56% | -6.64% |
FLOT.L vs. TRIS.L - Expense Ratio Comparison
FLOT.L has a 0.10% expense ratio, which is higher than TRIS.L's 0.06% 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
FLOT.L vs. TRIS.L - Dividend Comparison
FLOT.L's dividend yield for the trailing twelve months is around 4.68%, more than TRIS.L's 2.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 2.95% | 3.27% | 4.87% | 4.68% | 1.52% | 0.10% | 0.57% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLOT.L and TRIS.L have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TRIS.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TRIS.L is cheaper with a 0.06% expense ratio, compared with 0.10% for FLOT.L.
FLOT.L is categorized as Ultrashort Bond, while TRIS.L is Government Bonds. FLOT.L tracks iShares $ Floating Rate Bond UCITS ETF USD (Dist), while TRIS.L tracks Bloomberg US Treasury Coupons Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.10% for FLOT.L and 0.06% for TRIS.L.
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