FLOT vs. CUSD
FLOT (iShares Floating Rate Bond ETF) and CUSD (CrossingBridge Ultra-Short Duration ETF) are both Ultrashort Bond funds. FLOT is passively managed, while CUSD is actively managed. Over the past 3 years, FLOT returned 5.59%/yr vs 5.80%/yr for CUSD. At a correlation of -0.00, they often move in opposite directions. FLOT charges 0.15%/yr vs 0.81%/yr for CUSD.
Performance
FLOT vs. CUSD - Performance Comparison
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Returns By Period
In the year-to-date period, FLOT achieves a 2.01% return, which is significantly lower than CUSD's 4.97% return.
FLOT
- 1D
- -0.02%
- 1M
- 0.31%
- YTD
- 2.01%
- 6M
- 2.15%
- 1Y
- 4.74%
- 3Y*
- 5.59%
- 5Y*
- 4.22%
- 10Y*
- 3.04%
CUSD
- 1D
- 3.80%
- 1M
- 3.10%
- YTD
- 4.97%
- 6M
- 5.87%
- 1Y
- 6.58%
- 3Y*
- 5.80%
- 5Y*
- —
- 10Y*
- —
FLOT vs. CUSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 2.01% | 4.91% | 6.53% | 6.43% | 1.28% | 0.05% |
CUSD CrossingBridge Ultra-Short Duration ETF | 4.97% | 5.02% | 4.57% | 6.05% | 2.03% | 2.45% |
Correlation
The correlation between FLOT and CUSD is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | -0.00 |
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Return for Risk
FLOT vs. CUSD — Risk / Return Rank
FLOT
CUSD
FLOT vs. CUSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and CrossingBridge Ultra-Short Duration ETF (CUSD). 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 | CUSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.91 | ||
| Sortino ratioReturn per unit of downside risk | +10.66 | ||
| Omega ratioGain probability vs. loss probability | 3.11 | 1.13 | +1.98 |
| Calmar ratioReturn relative to maximum drawdown | 11.03 | 1.22 | +9.81 |
| Martin ratioReturn relative to average drawdown | 102.10 | 3.09 | +99.01 |
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Drawdowns
FLOT vs. CUSD - Drawdown Comparison
The maximum FLOT drawdown since its inception was -13.54%, which is greater than CUSD's maximum drawdown of -5.42%. Use the drawdown chart below to compare losses from any high point for FLOT and CUSD.
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Drawdown Indicators
| FLOT | CUSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -5.42% | -8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -5.42% | +4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -1.57% | -5.42% | +3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -13.54% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -0.48% | +0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 2.14% | -2.09% |
Volatility
FLOT vs. CUSD - Volatility Comparison
The current volatility for iShares Floating Rate Bond ETF (FLOT) is 0.21%, while CrossingBridge Ultra-Short Duration ETF (CUSD) has a volatility of 6.15%. This indicates that FLOT experiences smaller price fluctuations and is considered to be less risky than CUSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOT | CUSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 6.15% | -5.94% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 11.99% | -11.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.75% | 14.64% | -13.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.78% | 7.39% | -5.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 7.39% | -3.24% |
FLOT vs. CUSD - Expense Ratio Comparison
FLOT has a 0.15% expense ratio, which is lower than CUSD's 0.81% expense ratio.
Dividends
FLOT vs. CUSD - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 4.53%, less than CUSD's 13.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CUSD CrossingBridge Ultra-Short Duration ETF | 13.39% | 14.05% | 7.10% | 3.62% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLOT iShares Floating Rate Bond ETF | 4.53% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
Frequently Asked Questions
FLOT and CUSD have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CUSD has higher volatility (6.15%) compared to FLOT (0.21%). In terms of maximum drawdown, FLOT dropped -13.54% vs CUSD's -5.42%.
On 3-year performance, CUSD leads with 5.80% vs 5.59% for FLOT. On fees, FLOT is cheaper at 0.15% per year. On volatility, FLOT has been the lower-risk option at 0.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CUSD has performed better with a 5.80% return vs 5.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLOT is cheaper with a 0.15% expense ratio, compared with 0.81% for CUSD.
CUSD has the higher dividend yield at 13.39%, compared with 4.53% for FLOT.
They also come from different issuers: iShares and CrossingBridge. Their fees differ too: 0.15% for FLOT and 0.81% for CUSD.
FLOT currently has the higher Sharpe Ratio (6.36 vs 0.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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