FLOT vs. IBDR
FLOT (iShares Floating Rate Bond ETF) and IBDR (iShares iBonds Dec 2026 Term Corporate ETF) are both Corporate Bonds funds from iShares - FLOT tracks the Bloomberg US Floating Rate Notes (<5 Y) while IBDR tracks the Barclays December 2026 Maturity Corporate Index. Both are passively managed. Over the past 5 years, FLOT returned 4.20%/yr vs 1.50%/yr for IBDR. At a 0.09 correlation, their price movements are largely independent. FLOT charges 0.20%/yr vs 0.10%/yr for IBDR.
Performance
FLOT vs. IBDR - Performance Comparison
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Returns By Period
In the year-to-date period, FLOT achieves a 1.89% return, which is significantly higher than IBDR's 1.44% return.
FLOT
- 1D
- 0.04%
- 1M
- 0.51%
- YTD
- 1.89%
- 6M
- 2.21%
- 1Y
- 4.91%
- 3Y*
- 5.65%
- 5Y*
- 4.20%
- 10Y*
- 3.03%
IBDR
- 1D
- -0.04%
- 1M
- 0.25%
- YTD
- 1.44%
- 6M
- 1.80%
- 1Y
- 4.38%
- 3Y*
- 5.07%
- 5Y*
- 1.50%
- 10Y*
- —
FLOT vs. IBDR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 1.89% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 1.44% | 4.99% | 4.98% | 5.96% | -8.28% | -1.79% | 8.88% | 14.81% | -2.80% | 5.96% |
Correlation
The correlation between FLOT and IBDR is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2016 | 0.09 |
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Return for Risk
FLOT vs. IBDR — Risk / Return Rank
FLOT
IBDR
FLOT vs. IBDR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and iShares iBonds Dec 2026 Term Corporate ETF (IBDR). 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 | IBDR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.44 | ||
| Omega ratioGain probability vs. loss probability | 3.31 | 3.40 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 11.42 | 53.28 | -41.87 |
| Martin ratioReturn relative to average drawdown | 106.82 | 185.24 | -78.42 |
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 | IBDR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.68 | 6.93 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.38 | 0.44 | +1.94 |
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 | 0.61 | +0.05 |
Drawdowns
FLOT vs. IBDR - Drawdown Comparison
The maximum FLOT drawdown since its inception was -13.54%, smaller than the maximum IBDR drawdown of -16.06%. Use the drawdown chart below to compare losses from any high point for FLOT and IBDR.
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Drawdown Indicators
| FLOT | IBDR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -16.06% | +2.52% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -0.08% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -1.57% | -1.08% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -13.13% | +10.77% |
Max Drawdown (10Y)Largest decline over 10 years | -13.54% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -2.84% | +2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.02% | +0.03% |
Volatility
FLOT vs. IBDR - Volatility Comparison
iShares Floating Rate Bond ETF (FLOT) has a higher volatility of 0.18% compared to iShares iBonds Dec 2026 Term Corporate ETF (IBDR) at 0.15%. This indicates that FLOT's price experiences larger fluctuations and is considered to be riskier than IBDR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOT | IBDR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.15% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.62% | 0.34% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.74% | 0.64% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | 3.40% | -1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 4.86% | -0.71% |
FLOT vs. IBDR - Expense Ratio Comparison
FLOT has a 0.20% expense ratio, which is higher than IBDR'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%.
Dividends
FLOT vs. IBDR - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 4.53%, more than IBDR's 4.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IBDR iShares iBonds Dec 2026 Term Corporate ETF | 4.13% | 4.20% | 4.13% | 3.41% | 2.44% | 2.11% | 2.61% | 3.25% | 3.56% | 3.22% | 0.86% | 0.00% |
Frequently Asked Questions
FLOT and IBDR have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLOT has higher volatility (0.18%) compared to IBDR (0.15%). In terms of maximum drawdown, FLOT dropped -13.54% vs IBDR's -16.06%.
On 5-year performance, FLOT leads with 4.20% vs 1.50% for IBDR. On fees, IBDR is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLOT has performed better with a 4.20% return vs 1.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDR is cheaper with a 0.10% expense ratio, compared with 0.20% for FLOT.
FLOT has the higher dividend yield at 4.53%, compared with 4.13% for IBDR.
FLOT tracks Bloomberg US Floating Rate Notes (<5 Y), while IBDR tracks Barclays December 2026 Maturity Corporate Index. Their fees differ too: 0.20% for FLOT and 0.10% for IBDR.
IBDR currently has the higher Sharpe Ratio (6.93 vs 6.68), 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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