FLOT.L vs. XT01.L
FLOT.L (iShares $ Floating Rate Bond UCITS ETF USD (Dist)) and XT01.L (Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C) are both exchange-traded funds - FLOT.L is a Ultrashort Bond fund tracking the iShares $ Floating Rate Bond UCITS ETF USD (Dist), while XT01.L is a Government Bonds fund tracking the FTSE US Treasury Short Duration Index. Both are passively managed. Over the past 5 years, FLOT.L returned 4.33%/yr vs 3.66%/yr for XT01.L. At a correlation of -0.01, they often move in opposite directions. FLOT.L charges 0.10%/yr vs 0.06%/yr for XT01.L.
Performance
FLOT.L vs. XT01.L - Performance Comparison
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Different Trading Currencies
FLOT.L is traded in USD, while XT01.L is traded in GBP. To make them comparable, the XT01.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 lower than XT01.L's 2.69% 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*
- —
XT01.L
- 1D
- 1.04%
- 1M
- 1.35%
- 6M
- 2.68%
- YTD
- 2.69%
- 1Y
- 4.90%
- 3Y*
- 5.00%
- 5Y*
- 3.66%
- 10Y*
- —
FLOT.L vs. XT01.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% | 0.09% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 2.69% | 4.54% | 5.13% | 4.49% | 0.82% | 0.44% | 1.71% |
Correlation
The correlation between FLOT.L and XT01.L is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2020 | -0.01 |
The correlation between FLOT.L and XT01.L shifts across timeframes, from -0.01 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FLOT.L vs. XT01.L — Risk / Return Rank
FLOT.L
XT01.L
FLOT.L vs. XT01.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 Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.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 | XT01.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.20 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 23.83 | 3.81 | +20.03 |
| Martin ratioReturn relative to average drawdown | 44.39 | 15.00 | +29.39 |
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Drawdowns
FLOT.L vs. XT01.L - Drawdown Comparison
The maximum FLOT.L drawdown since its inception was -14.03%, which is greater than XT01.L's maximum drawdown of -2.42%. Use the drawdown chart below to compare losses from any high point for FLOT.L and XT01.L.
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Drawdown Indicators
| FLOT.L | XT01.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.03% | -2.42% | -11.61% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -1.28% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -2.53% | -1.28% | -1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -2.53% | -2.42% | -0.11% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -0.48% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.33% | -0.22% |
Volatility
FLOT.L vs. XT01.L - Volatility Comparison
The current volatility for iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L) is 0.64%, while Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C (XT01.L) has a volatility of 1.65%. This indicates that FLOT.L experiences smaller price fluctuations and is considered to be less risky than XT01.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 | XT01.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 1.65% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 3.84% | -2.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.94% | 4.41% | -2.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.90% | 4.78% | -1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.92% | 4.77% | -0.85% |
FLOT.L vs. XT01.L - Expense Ratio Comparison
FLOT.L has a 0.10% expense ratio, which is higher than XT01.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. XT01.L - Dividend Comparison
FLOT.L's dividend yield for the trailing twelve months is around 4.68%, while XT01.L has not paid dividends to shareholders.
| 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% |
XT01.L Xtrackers US Treasuries Ultrashort Bond UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLOT.L and XT01.L have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XT01.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XT01.L is cheaper with a 0.06% expense ratio, compared with 0.10% for FLOT.L.
FLOT.L is categorized as Ultrashort Bond, while XT01.L is Government Bonds. FLOT.L tracks iShares $ Floating Rate Bond UCITS ETF USD (Dist), while XT01.L tracks FTSE US Treasury Short Duration Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.10% for FLOT.L and 0.06% for XT01.L.
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