FLOT vs. NEAR
Compare and contrast key facts about iShares Floating Rate Bond ETF (FLOT) and iShares Short Duration Bond Active ETF (NEAR).
FLOT and NEAR 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. NEAR is an actively managed fund by iShares. It was launched on Sep 25, 2013.
Performance
FLOT vs. NEAR - Performance Comparison
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FLOT vs. NEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 0.74% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
NEAR iShares Short Duration Bond Active ETF | 0.17% | 5.90% | 5.09% | 7.42% | 0.41% | 0.32% | 1.39% | 3.55% | 1.71% | 1.41% |
Returns By Period
In the year-to-date period, FLOT achieves a 0.74% return, which is significantly higher than NEAR's 0.17% return. Both investments have delivered pretty close results over the past 10 years, with FLOT having a 2.97% annualized return and NEAR not far behind at 2.83%.
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%
NEAR
- 1D
- 0.01%
- 1M
- -0.48%
- YTD
- 0.17%
- 6M
- 1.24%
- 1Y
- 4.48%
- 3Y*
- 5.76%
- 5Y*
- 3.78%
- 10Y*
- 2.83%
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FLOT vs. NEAR - Expense Ratio Comparison
FLOT has a 0.20% expense ratio, which is lower than NEAR'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%.
Return for Risk
FLOT vs. NEAR — Risk / Return Rank
FLOT
NEAR
FLOT vs. NEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and iShares Short Duration Bond Active ETF (NEAR). 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 | NEAR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 2.39 | -0.28 |
Sortino ratioReturn per unit of downside risk | 2.64 | 3.56 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.95 | 1.55 | +0.40 |
Calmar ratioReturn relative to maximum drawdown | 2.88 | 3.92 | -1.04 |
Martin ratioReturn relative to average drawdown | 22.41 | 15.10 | +7.32 |
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 | NEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.39 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.27 | 2.89 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 1.14 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 1.08 | -0.43 |
Correlation
The correlation between FLOT and NEAR is 0.10, 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. NEAR - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 4.68%, more than NEAR's 4.50% 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% |
NEAR iShares Short Duration Bond Active ETF | 4.50% | 4.54% | 5.00% | 4.59% | 1.78% | 0.76% | 1.53% | 2.69% | 2.25% | 1.52% | 1.07% | 0.85% |
Drawdowns
FLOT vs. NEAR - Drawdown Comparison
The maximum FLOT drawdown since its inception was -13.54%, which is greater than NEAR's maximum drawdown of -9.61%. Use the drawdown chart below to compare losses from any high point for FLOT and NEAR.
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Drawdown Indicators
| FLOT | NEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -9.61% | -3.93% |
Max Drawdown (1Y)Largest decline over 1 year | -1.57% | -1.16% | -0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -1.32% | -1.04% |
Max Drawdown (10Y)Largest decline over 10 years | -13.54% | -9.61% | -3.93% |
Current DrawdownCurrent decline from peak | -0.16% | -0.64% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -0.16% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.30% | -0.10% |
Volatility
FLOT vs. NEAR - Volatility Comparison
The current volatility for iShares Floating Rate Bond ETF (FLOT) is 0.50%, while iShares Short Duration Bond Active ETF (NEAR) has a volatility of 0.62%. This indicates that FLOT experiences smaller price fluctuations and is considered to be less risky than NEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOT | NEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.62% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.61% | 0.93% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 1.88% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | 1.32% | +0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 2.49% | +1.66% |