FLOT vs. FLOA.L
Compare and contrast key facts about iShares Floating Rate Bond ETF (FLOT) and iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L).
FLOT and FLOA.L 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. FLOA.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Mar 20, 2018. Both FLOT and FLOA.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLOT or FLOA.L.
Correlation
The correlation between FLOT and FLOA.L is 0.20, 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.
Performance
FLOT vs. FLOA.L - Performance Comparison
Key characteristics
FLOT:
2.50
FLOA.L:
1.97
FLOT:
3.14
FLOA.L:
2.74
FLOT:
2.20
FLOA.L:
1.66
FLOT:
3.41
FLOA.L:
3.07
FLOT:
26.63
FLOA.L:
24.14
FLOT:
0.20%
FLOA.L:
0.22%
FLOT:
2.15%
FLOA.L:
2.70%
FLOT:
-13.54%
FLOA.L:
-14.96%
FLOT:
-0.06%
FLOA.L:
-0.10%
Returns By Period
The year-to-date returns for both investments are quite close, with FLOT having a 1.17% return and FLOA.L slightly higher at 1.21%.
FLOT
1.17%
0.12%
2.29%
5.38%
3.65%
2.52%
FLOA.L
1.21%
0.16%
2.24%
5.33%
3.77%
N/A
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FLOT vs. FLOA.L - Expense Ratio Comparison
FLOT has a 0.20% expense ratio, which is higher than FLOA.L's 0.10% 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%.
Risk-Adjusted Performance
FLOT vs. FLOA.L — Risk-Adjusted Performance Rank
FLOT
FLOA.L
FLOT vs. FLOA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.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.
Dividends
FLOT vs. FLOA.L - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 5.52%, while FLOA.L has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 5.52% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.45% | 0.97% | 0.53% | 0.44% |
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLOT vs. FLOA.L - Drawdown Comparison
The maximum FLOT drawdown since its inception was -13.54%, smaller than the maximum FLOA.L drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for FLOT and FLOA.L. For additional features, visit the drawdowns tool.
Volatility
FLOT vs. FLOA.L - Volatility Comparison
The current volatility for iShares Floating Rate Bond ETF (FLOT) is 2.05%, while iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) has a volatility of 2.45%. This indicates that FLOT experiences smaller price fluctuations and is considered to be less risky than FLOA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.