FLOT vs. TRSY
FLOT (iShares Floating Rate Bond ETF) and TRSY (Xtrackers US 0-1 Year Treasury ETF) are both exchange-traded funds - FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index, while TRSY is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past year, FLOT returned 4.74% vs 3.90% for TRSY. At a 0.02 correlation, their price movements are largely independent. FLOT charges 0.15%/yr vs 0.06%/yr for TRSY.
Performance
FLOT vs. TRSY - Performance Comparison
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Returns By Period
In the year-to-date period, FLOT achieves a 2.01% return, which is significantly higher than TRSY's 1.63% return.
FLOT
- 1D
- -0.02%
- 1M
- 0.31%
- YTD
- 2.01%
- 6M
- 2.15%
- 1Y
- 4.74%
- 3Y*
- 5.59%
- 5Y*
- 4.22%
- 10Y*
- 3.04%
TRSY
- 1D
- 0.03%
- 1M
- 0.27%
- YTD
- 1.63%
- 6M
- 1.75%
- 1Y
- 3.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLOT vs. TRSY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 2.01% | 4.91% | 1.33% |
TRSY Xtrackers US 0-1 Year Treasury ETF | 1.63% | 4.22% | 1.49% |
Correlation
The correlation between FLOT and TRSY is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2024 | 0.02 |
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Return for Risk
FLOT vs. TRSY — Risk / Return Rank
FLOT
TRSY
FLOT vs. TRSY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and Xtrackers US 0-1 Year Treasury ETF (TRSY). 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 | TRSY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.77 | ||
| Sortino ratioReturn per unit of downside risk | -14.62 | ||
| Omega ratioGain probability vs. loss probability | 3.11 | 6.18 | -3.07 |
| Calmar ratioReturn relative to maximum drawdown | 11.03 | 59.08 | -48.05 |
| Martin ratioReturn relative to average drawdown | 102.10 | 356.66 | -254.56 |
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Drawdowns
FLOT vs. TRSY - Drawdown Comparison
The maximum FLOT drawdown since its inception was -13.54%, which is greater than TRSY's maximum drawdown of -0.82%. Use the drawdown chart below to compare losses from any high point for FLOT and TRSY.
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Drawdown Indicators
| FLOT | TRSY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -0.82% | -12.72% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -0.07% | -0.36% |
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 | -0.02% | -0.02% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -0.06% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.01% | +0.04% |
Volatility
FLOT vs. TRSY - Volatility Comparison
iShares Floating Rate Bond ETF (FLOT) has a higher volatility of 0.21% compared to Xtrackers US 0-1 Year Treasury ETF (TRSY) at 0.12%. This indicates that FLOT's price experiences larger fluctuations and is considered to be riskier than TRSY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOT | TRSY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.21% | 0.12% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 0.24% | +0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.75% | 0.39% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.78% | 1.10% | +0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 1.10% | +3.05% |
FLOT vs. TRSY - Expense Ratio Comparison
FLOT has a 0.15% expense ratio, which is higher than TRSY's 0.06% 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%.
Dividends
FLOT vs. TRSY - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 4.53%, more than TRSY's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.53% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
TRSY Xtrackers US 0-1 Year Treasury ETF | 3.72% | 4.00% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLOT and TRSY have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FLOT has higher volatility (0.21%) compared to TRSY (0.12%). In terms of maximum drawdown, FLOT dropped -13.54% vs TRSY's -0.82%.
On 1-year performance, FLOT leads with 4.74% vs 3.90% for TRSY. On fees, TRSY is cheaper at 0.06% per year. Their volatility is very similar. 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 4.74% return vs 3.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TRSY is cheaper with a 0.06% expense ratio, compared with 0.15% for FLOT.
FLOT has the higher dividend yield at 4.53%, compared with 3.72% for TRSY.
FLOT is categorized as Ultrashort Bond, while TRSY is Government Bonds. FLOT tracks Bloomberg US Floating Rate Note < 5 Years Index, while TRSY tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: iShares and Xtrackers. Their fees differ too: 0.15% for FLOT and 0.06% for TRSY.
TRSY currently has the higher Sharpe Ratio (10.13 vs 6.36), 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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