FLOT vs. MCHI
FLOT (iShares Floating Rate Bond ETF) and MCHI (iShares MSCI China ETF) are both exchange-traded funds - FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index, while MCHI is a China Equities fund tracking the MSCI China Index. Both are passively managed. Over the past 10 years, FLOT returned 3.06%/yr vs 3.79%/yr for MCHI. At a 0.10 correlation, their price movements are largely independent. FLOT charges 0.15%/yr vs 0.59%/yr for MCHI.
Performance
FLOT vs. MCHI - Performance Comparison
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Returns By Period
In the year-to-date period, FLOT achieves a 2.33% return, which is significantly higher than MCHI's -9.37% return. Over the past 10 years, FLOT has underperformed MCHI with an annualized return of 3.06%, while MCHI has yielded a comparatively higher 3.79% annualized return.
FLOT
- 1D
- 0.02%
- 1M
- 0.32%
- 6M
- 2.13%
- YTD
- 2.33%
- 1Y
- 4.55%
- 3Y*
- 5.52%
- 5Y*
- 4.29%
- 10Y*
- 3.06%
- ALL TIME*
- 2.30%
MCHI
- 1D
- 2.13%
- 1M
- 2.48%
- 6M
- -12.93%
- YTD
- -9.37%
- 1Y
- -4.08%
- 3Y*
- 8.75%
- 5Y*
- -5.02%
- 10Y*
- 3.79%
- ALL TIME*
- 2.28%
FLOT vs. MCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 2.33% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
MCHI iShares MSCI China ETF | -9.37% | 31.04% | 17.73% | -11.94% | -23.01% | -21.74% | 27.78% | 23.72% | -19.79% | 54.67% |
Correlation
The correlation between FLOT and MCHI is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2011 | 0.10 |
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Return for Risk
FLOT vs. MCHI — Risk / Return Rank
FLOT
MCHI
FLOT vs. MCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and iShares MSCI China ETF (MCHI). 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 | MCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.31 | ||
| Sortino ratioReturn per unit of downside risk | +11.14 | ||
| Omega ratioGain probability vs. loss probability | 3.01 | 0.98 | +2.02 |
| Calmar ratioReturn relative to maximum drawdown | 10.59 | -0.18 | +10.77 |
| Martin ratioReturn relative to average drawdown | 97.91 | -0.38 | +98.29 |
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Drawdowns
FLOT vs. MCHI - Drawdown Comparison
The maximum FLOT drawdown since its inception was -13.54%, smaller than the maximum MCHI drawdown of -62.95%. Use the drawdown chart below to compare losses from any high point for FLOT and MCHI.
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Drawdown Indicators
| FLOT | MCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -62.95% | +49.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -23.22% | +22.79% |
Max Drawdown (3Y)Largest decline over 3 years | -1.57% | -25.85% | +24.28% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -53.66% | +51.30% |
Max Drawdown (10Y)Largest decline over 10 years | -13.54% | -62.95% | +49.41% |
Current DrawdownCurrent decline from peak | 0.00% | -38.20% | +38.20% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -24.64% | +24.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 10.78% | -10.73% |
Volatility
FLOT vs. MCHI - Volatility Comparison
The current volatility for iShares Floating Rate Bond ETF (FLOT) is 0.14%, while iShares MSCI China ETF (MCHI) has a volatility of 6.01%. This indicates that FLOT experiences smaller price fluctuations and is considered to be less risky than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOT | MCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | 6.01% | -5.87% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 14.81% | -14.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.75% | 20.64% | -19.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.78% | 30.73% | -28.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 27.35% | -23.20% |
FLOT vs. MCHI - Expense Ratio Comparison
FLOT has a 0.15% expense ratio, which is lower than MCHI's 0.59% expense ratio.
Dividends
FLOT vs. MCHI - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 4.47%, more than MCHI's 2.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.47% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
MCHI iShares MSCI China ETF | 2.03% | 2.12% | 2.31% | 2.66% | 1.78% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% |
Frequently Asked Questions
FLOT and MCHI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCHI has higher volatility (6.01%) compared to FLOT (0.14%). In terms of maximum drawdown, FLOT dropped -13.54% vs MCHI's -62.95%.
On 10-year performance, MCHI leads with 3.79% vs 3.06% for FLOT. On fees, FLOT is cheaper at 0.15% per year. On volatility, FLOT has been the lower-risk option at 0.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MCHI has performed better with a 3.79% return vs 3.06%. 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 0.59% for MCHI.
FLOT has the higher dividend yield at 4.47%, compared with 2.03% for MCHI.
FLOT is categorized as Ultrashort Bond, while MCHI is China Equities. FLOT tracks Bloomberg US Floating Rate Note < 5 Years Index, while MCHI tracks MSCI China Index. Their fees differ too: 0.15% for FLOT and 0.59% for MCHI.
FLOT currently has the higher Sharpe Ratio (6.11 vs -0.20), 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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