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FLOT vs. SGOV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FLOTSGOV
YTD Return1.91%1.30%
1Y Return7.74%5.36%
3Y Return (Ann)3.25%2.66%
Sharpe Ratio6.978.75
Daily Std Dev1.14%0.62%
Max Drawdown-13.54%-0.38%
Current Drawdown0.00%-0.00%

Correlation

0.17
-1.001.00

The correlation between FLOT and SGOV is 0.17, 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.

Performance

FLOT vs. SGOV - Performance Comparison

In the year-to-date period, FLOT achieves a 1.91% return, which is significantly higher than SGOV's 1.30% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


5.00%6.00%7.00%8.00%9.00%10.00%11.00%12.00%OctoberNovemberDecember2024FebruaryMarch
11.89%
8.27%
FLOT
SGOV

Compare stocks, funds, or ETFs


iShares Floating Rate Bond ETF

iShares 0-3 Month Treasury Bond ETF

FLOT vs. SGOV - Expense Ratio Comparison

FLOT has a 0.20% expense ratio, which is higher than SGOV's 0.03% expense ratio.

FLOT
iShares Floating Rate Bond ETF
0.50%1.00%1.50%2.00%0.20%
0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

FLOT vs. SGOV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
FLOT
iShares Floating Rate Bond ETF
6.97
SGOV
iShares 0-3 Month Treasury Bond ETF
8.75

FLOT vs. SGOV - Sharpe Ratio Comparison

The current FLOT Sharpe Ratio is 6.97, which roughly equals the SGOV Sharpe Ratio of 8.75. The chart below compares the 12-month rolling Sharpe Ratio of FLOT and SGOV.


Rolling 12-month Sharpe Ratio5.0010.0015.0020.00OctoberNovemberDecember2024FebruaryMarch
6.97
8.75
FLOT
SGOV

Dividends

FLOT vs. SGOV - Dividend Comparison

FLOT's dividend yield for the trailing twelve months is around 5.76%, more than SGOV's 5.04% yield.


TTM20232022202120202019201820172016201520142013
FLOT
iShares Floating Rate Bond ETF
5.76%5.66%2.06%0.43%1.25%2.78%2.41%1.46%0.97%0.53%0.44%0.47%
SGOV
iShares 0-3 Month Treasury Bond ETF
5.04%4.87%1.45%0.03%0.05%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

FLOT vs. SGOV - Drawdown Comparison

The maximum FLOT drawdown since its inception was -13.54%, which is greater than SGOV's maximum drawdown of -0.38%. The drawdown chart below compares losses from any high point along the way for FLOT and SGOV


-0.40%-0.30%-0.20%-0.10%0.00%OctoberNovemberDecember2024FebruaryMarch0
-0.00%
FLOT
SGOV

Volatility

FLOT vs. SGOV - Volatility Comparison

The current volatility for iShares Floating Rate Bond ETF (FLOT) is 0.17%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 0.40%. This indicates that FLOT experiences smaller price fluctuations and is considered to be less risky than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.10%0.20%0.30%0.40%0.50%0.60%OctoberNovemberDecember2024FebruaryMarch
0.17%
0.40%
FLOT
SGOV