FLOT vs. HYGI
FLOT (iShares Floating Rate Bond ETF) and HYGI (iShares Inflation Hedged High Yield Bond ETF) are both exchange-traded funds - FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index, while HYGI is a Inflation-Protected Bonds fund tracking the BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Both are passively managed. At a 0.30 correlation, their price movements are largely independent. FLOT charges 0.15%/yr vs 0.52%/yr for HYGI.
Performance
FLOT vs. HYGI - Performance Comparison
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Returns By Period
FLOT
- 1D
- 0.00%
- 1M
- 0.41%
- YTD
- 1.87%
- 6M
- 2.15%
- 1Y
- 4.85%
- 3Y*
- 5.60%
- 5Y*
- 4.20%
- 10Y*
- 3.03%
HYGI
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLOT vs. HYGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 1.87% | 4.91% | 6.53% | 6.43% | 2.22% |
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.00% | 6.20% | 9.16% | 11.71% | 0.65% |
Correlation
The correlation between FLOT and HYGI is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2022 | 0.30 |
The correlation between FLOT and HYGI shifts across timeframes, from 0.13 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLOT vs. HYGI — Risk / Return Rank
FLOT
HYGI
FLOT vs. HYGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and iShares Inflation Hedged High Yield Bond ETF (HYGI). 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 | HYGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 3.22 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 11.27 | — | — |
| Martin ratioReturn relative to average drawdown | 104.83 | — | — |
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 | HYGI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.54 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.38 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | — | — |
Drawdowns
FLOT vs. HYGI - Drawdown Comparison
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Drawdown Indicators
| FLOT | HYGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.57% | — | — |
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% | — | — |
Average DrawdownAverage peak-to-trough decline | -0.21% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | — | — |
Volatility
FLOT vs. HYGI - Volatility Comparison
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Volatility by Period
| FLOT | HYGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.62% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.75% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | — | — |
FLOT vs. HYGI - Expense Ratio Comparison
FLOT has a 0.15% expense ratio, which is lower than HYGI's 0.52% expense ratio.
Dividends
FLOT vs. HYGI - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 4.54%, while HYGI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.54% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
HYGI iShares Inflation Hedged High Yield Bond ETF | 0.97% | 3.41% | 6.08% | 6.22% | 3.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLOT and HYGI have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOT is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOT is cheaper with a 0.15% expense ratio, compared with 0.52% for HYGI.
FLOT has the higher dividend yield at 4.54%, compared with 0.97% for HYGI.
FLOT is categorized as Ultrashort Bond, while HYGI is Inflation-Protected Bonds. FLOT tracks Bloomberg US Floating Rate Note < 5 Years Index, while HYGI tracks BlackRock Inflation Hedged High Yield Bond Index - Benchmark TR Gross. Their fees differ too: 0.15% for FLOT and 0.52% for HYGI.
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