FLOT vs. LQDI
Compare and contrast key facts about iShares Floating Rate Bond ETF (FLOT) and iShares Inflation Hedged Corporate Bond ETF (LQDI).
FLOT and LQDI 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. LQDI is an actively managed fund by iShares. It was launched on May 8, 2018.
Performance
FLOT vs. LQDI - Performance Comparison
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FLOT vs. LQDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 0.74% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 0.57% |
LQDI iShares Inflation Hedged Corporate Bond ETF | -0.18% | 8.84% | 1.48% | 8.85% | -15.33% | 7.53% | 11.82% | 15.83% | -2.07% |
Returns By Period
In the year-to-date period, FLOT achieves a 0.74% return, which is significantly higher than LQDI's -0.18% return.
FLOT
- 1D
- -0.10%
- 1M
- 0.10%
- YTD
- 0.74%
- 6M
- 1.86%
- 1Y
- 4.44%
- 3Y*
- 5.87%
- 5Y*
- 4.01%
- 10Y*
- 2.97%
LQDI
- 1D
- 0.36%
- 1M
- -1.27%
- YTD
- -0.18%
- 6M
- -0.60%
- 1Y
- 4.79%
- 3Y*
- 4.55%
- 5Y*
- 2.20%
- 10Y*
- —
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FLOT vs. LQDI - Expense Ratio Comparison
FLOT has a 0.20% expense ratio, which is higher than LQDI's 0.18% 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%.
Return for Risk
FLOT vs. LQDI — Risk / Return Rank
FLOT
LQDI
FLOT vs. LQDI - 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 Corporate Bond ETF (LQDI). 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 | LQDI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 0.80 | +1.30 |
Sortino ratioReturn per unit of downside risk | 2.64 | 1.11 | +1.52 |
Omega ratioGain probability vs. loss probability | 1.95 | 1.15 | +0.80 |
Calmar ratioReturn relative to maximum drawdown | 2.88 | 1.19 | +1.69 |
Martin ratioReturn relative to average drawdown | 22.41 | 3.97 | +18.44 |
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 | LQDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 0.80 | +1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.27 | 0.27 | +2.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.39 | +0.26 |
Correlation
The correlation between FLOT and LQDI is 0.15, 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.
Dividends
FLOT vs. LQDI - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 4.68%, more than LQDI's 4.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.68% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
LQDI iShares Inflation Hedged Corporate Bond ETF | 4.55% | 4.46% | 4.65% | 3.98% | 3.27% | 2.42% | 2.34% | 3.26% | 2.53% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLOT vs. LQDI - Drawdown Comparison
The maximum FLOT drawdown since its inception was -13.54%, smaller than the maximum LQDI drawdown of -28.99%. Use the drawdown chart below to compare losses from any high point for FLOT and LQDI.
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Drawdown Indicators
| FLOT | LQDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -28.99% | +15.45% |
Max Drawdown (1Y)Largest decline over 1 year | -1.57% | -4.01% | +2.44% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -20.67% | +18.31% |
Max Drawdown (10Y)Largest decline over 10 years | -13.54% | — | — |
Current DrawdownCurrent decline from peak | -0.16% | -1.52% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -5.36% | +5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 1.21% | -1.01% |
Volatility
FLOT vs. LQDI - Volatility Comparison
The current volatility for iShares Floating Rate Bond ETF (FLOT) is 0.50%, while iShares Inflation Hedged Corporate Bond ETF (LQDI) has a volatility of 2.20%. This indicates that FLOT experiences smaller price fluctuations and is considered to be less risky than LQDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOT | LQDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 2.20% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 0.61% | 3.81% | -3.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 6.01% | -3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | 8.21% | -6.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 10.94% | -6.79% |