FLOT vs. FLDR
Compare and contrast key facts about iShares Floating Rate Bond ETF (FLOT) and Fidelity Low Duration Bond Factor ETF (FLDR).
FLOT and FLDR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLOT is a passively managed fund by iShares that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Jun 14, 2011. FLDR is a passively managed fund by Fidelity that tracks the performance of the Fidelity Low Duration Investment Grade Factor Index. It was launched on Jun 12, 2018. Both FLOT and FLDR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FLOT vs. FLDR - Performance Comparison
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FLOT vs. FLDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 0.82% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 0.42% |
FLDR Fidelity Low Duration Bond Factor ETF | 0.65% | 5.41% | 5.71% | 6.32% | -0.33% | -0.18% | 2.01% | 4.52% | 0.94% |
Returns By Period
In the year-to-date period, FLOT achieves a 0.82% return, which is significantly higher than FLDR's 0.65% return.
FLOT
- 1D
- 0.08%
- 1M
- 0.25%
- YTD
- 0.82%
- 6M
- 1.94%
- 1Y
- 4.49%
- 3Y*
- 5.83%
- 5Y*
- 4.02%
- 10Y*
- 2.96%
FLDR
- 1D
- 0.04%
- 1M
- -0.10%
- YTD
- 0.65%
- 6M
- 1.76%
- 1Y
- 4.40%
- 3Y*
- 5.49%
- 5Y*
- 3.58%
- 10Y*
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FLOT vs. FLDR - Expense Ratio Comparison
FLOT has a 0.20% expense ratio, which is higher than FLDR's 0.15% 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%.
Return for Risk
FLOT vs. FLDR — Risk / Return Rank
FLOT
FLDR
FLOT vs. FLDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and Fidelity Low Duration Bond Factor ETF (FLDR). 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.
| FLOT | FLDR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.12 | 4.51 | -2.39 |
Sortino ratioReturn per unit of downside risk | 2.66 | 6.76 | -4.10 |
Omega ratioGain probability vs. loss probability | 1.96 | 2.19 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 2.88 | 5.79 | -2.91 |
Martin ratioReturn relative to average drawdown | 22.40 | 30.07 | -7.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLOT | FLDR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 4.51 | -2.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.28 | 2.97 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.60 | +0.04 |
Correlation
The correlation between FLOT and FLDR is 0.10, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FLOT vs. FLDR - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 4.68%, more than FLDR's 4.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.68% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
FLDR Fidelity Low Duration Bond Factor ETF | 4.54% | 4.66% | 5.50% | 5.28% | 2.09% | 0.51% | 1.22% | 2.69% | 1.38% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLOT vs. FLDR - Drawdown Comparison
The maximum FLOT drawdown since its inception was -13.54%, which is greater than FLDR's maximum drawdown of -12.23%. Use the drawdown chart below to compare losses from any high point for FLOT and FLDR.
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Drawdown Indicators
| FLOT | FLDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -12.23% | -1.31% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -0.76% | -0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -2.33% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -13.54% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -0.15% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -0.36% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.15% | +0.05% |
Volatility
FLOT vs. FLDR - Volatility Comparison
iShares Floating Rate Bond ETF (FLOT) has a higher volatility of 0.50% compared to Fidelity Low Duration Bond Factor ETF (FLDR) at 0.42%. This indicates that FLOT's price experiences larger fluctuations and is considered to be riskier than FLDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOT | FLDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.42% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.61% | 0.56% | +0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 0.98% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | 1.21% | +0.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.14% | 5.32% | -1.18% |