FLOT vs. IBIT
FLOT (iShares Floating Rate Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, FLOT returned 4.74% vs -45.30% for IBIT. At a 0.17 correlation, their price movements are largely independent. FLOT charges 0.15%/yr vs 0.25%/yr for IBIT.
Performance
FLOT vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, FLOT achieves a 2.05% return, which is significantly higher than IBIT's -32.49% return.
FLOT
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 2.05%
- 6M
- 2.14%
- 1Y
- 4.74%
- 3Y*
- 5.56%
- 5Y*
- 4.23%
- 10Y*
- 3.04%
IBIT
- 1D
- -1.03%
- 1M
- -22.03%
- YTD
- -32.49%
- 6M
- -32.23%
- 1Y
- -45.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLOT vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 2.05% | 4.91% | 6.29% |
IBIT iShares Bitcoin Trust ETF | -32.49% | -6.41% | 89.87% |
Correlation
The correlation between FLOT and IBIT is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.17 |
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Return for Risk
FLOT vs. IBIT — Risk / Return Rank
FLOT
IBIT
FLOT vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.38 | ||
| Sortino ratioReturn per unit of downside risk | +13.00 | ||
| Omega ratioGain probability vs. loss probability | 3.11 | 0.83 | +2.28 |
| Calmar ratioReturn relative to maximum drawdown | 11.03 | -0.86 | +11.89 |
| Martin ratioReturn relative to average drawdown | 102.10 | -1.47 | +103.56 |
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Drawdowns
FLOT vs. IBIT - Drawdown Comparison
The maximum FLOT drawdown since its inception was -13.54%, smaller than the maximum IBIT drawdown of -52.98%. Use the drawdown chart below to compare losses from any high point for FLOT and IBIT.
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Drawdown Indicators
| FLOT | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -52.98% | +39.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -52.98% | +52.55% |
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 | 0.00% | -52.98% | +52.98% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -16.97% | +16.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 30.94% | -30.89% |
Volatility
FLOT vs. IBIT - Volatility Comparison
The current volatility for iShares Floating Rate Bond ETF (FLOT) is 0.21%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 13.43%. This indicates that FLOT experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOT | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 13.43% | -13.22% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 34.60% | -33.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.75% | 44.41% | -43.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.78% | 50.21% | -48.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 50.21% | -46.06% |
FLOT vs. IBIT - Expense Ratio Comparison
FLOT has a 0.15% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, 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. IBIT - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 4.53%, while IBIT 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 | 4.53% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLOT and IBIT have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (13.43%) compared to FLOT (0.21%). In terms of maximum drawdown, FLOT dropped -13.54% vs IBIT's -52.98%.
On 1-year performance, FLOT leads with 4.74% vs -45.30% for IBIT. 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 1-year period, FLOT has performed better with a 4.74% return vs -45.30%. 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 0.25% for IBIT.
FLOT has the higher dividend yield at 4.53%, compared with 0.00% for IBIT.
FLOT is categorized as Ultrashort Bond, while IBIT is Cryptocurrency. FLOT tracks Bloomberg US Floating Rate Note < 5 Years Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.15% for FLOT and 0.25% for IBIT.
FLOT currently has the higher Sharpe Ratio (6.36 vs -1.02), 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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