FLOT vs. IBIT
FLOT (iShares Floating Rate Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - FLOT is a Corporate Bonds fund tracking the Bloomberg US Floating Rate Notes (<5 Y), 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 4.80% vs -39.60% for IBIT. At a 0.18 correlation, their price movements are largely independent. FLOT charges 0.20%/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 1.81% return, which is significantly higher than IBIT's -27.45% return.
FLOT
- 1D
- -0.08%
- 1M
- 0.41%
- YTD
- 1.81%
- 6M
- 2.13%
- 1Y
- 4.80%
- 3Y*
- 5.58%
- 5Y*
- 4.19%
- 10Y*
- 3.02%
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLOT vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 1.81% | 4.91% | 6.19% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between FLOT and IBIT is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.18 |
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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.
| FLOT | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +7.39 | ||
| Sortino ratioReturn per unit of downside risk | +12.94 | ||
| Omega ratioGain probability vs. loss probability | 3.18 | 0.86 | +2.33 |
| Calmar ratioReturn relative to maximum drawdown | 11.18 | -0.80 | +11.98 |
| Martin ratioReturn relative to average drawdown | 104.01 | -1.39 | +105.40 |
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 | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.48 | -0.91 | +7.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.37 | — | — |
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 | 0.27 | +0.39 |
Drawdowns
FLOT vs. IBIT - Drawdown Comparison
The maximum FLOT drawdown since its inception was -13.54%, smaller than the maximum IBIT drawdown of -49.47%. 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% | -49.47% | +35.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -49.47% | +49.04% |
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 | -0.08% | -49.47% | +49.39% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -16.07% | +15.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 28.61% | -28.56% |
Volatility
FLOT vs. IBIT - Volatility Comparison
The current volatility for iShares Floating Rate Bond ETF (FLOT) is 0.20%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.14%. 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 | 0.20% | 9.14% | -8.94% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 33.89% | -33.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.74% | 43.76% | -43.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | 50.18% | -48.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 50.18% | -46.03% |
FLOT vs. IBIT - Expense Ratio Comparison
FLOT has a 0.20% 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 4.54%, 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 | 4.54% | 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 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.14%) compared to FLOT (0.20%). In terms of maximum drawdown, FLOT dropped -13.54% vs IBIT's -49.47%.
On 1-year performance, FLOT leads with 4.80% vs -39.60% for IBIT. On fees, FLOT is cheaper at 0.20% per year. On volatility, FLOT has been the lower-risk option at 0.20%. 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 4.80% return vs -39.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLOT is cheaper with a 0.20% expense ratio, compared with 0.25% for IBIT.
FLOT has the higher dividend yield at 4.54%, compared with 0.00% for IBIT.
FLOT is categorized as Corporate Bonds, while IBIT is Cryptocurrency. FLOT tracks Bloomberg US Floating Rate Notes (<5 Y), while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.20% for FLOT and 0.25% for IBIT.
FLOT currently has the higher Sharpe Ratio (6.48 vs -0.91), 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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