FLOT vs. VPMCX
FLOT (iShares Floating Rate Bond ETF) and VPMCX (Vanguard PRIMECAP Fund Investor Shares) are both funds - FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index, while VPMCX is a Large Cap Growth Equities fund actively managed by Vanguard. FLOT is passively managed, while VPMCX is actively managed. Over the past 10 years, FLOT returned 3.06%/yr vs 16.88%/yr for VPMCX. At a 0.11 correlation, their price movements are largely independent. FLOT charges 0.15%/yr vs 0.35%/yr for VPMCX.
Performance
FLOT vs. VPMCX - Performance Comparison
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Returns By Period
In the year-to-date period, FLOT achieves a 2.33% return, which is significantly lower than VPMCX's 20.44% return. Over the past 10 years, FLOT has underperformed VPMCX with an annualized return of 3.06%, while VPMCX has yielded a comparatively higher 16.88% 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%
VPMCX
- 1D
- -1.07%
- 1M
- -5.99%
- 6M
- 15.34%
- YTD
- 20.44%
- 1Y
- 43.30%
- 3Y*
- 23.81%
- 5Y*
- 15.20%
- 10Y*
- 16.88%
- ALL TIME*
- 15.26%
FLOT vs. VPMCX - 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% |
VPMCX Vanguard PRIMECAP Fund Investor Shares | 20.44% | 29.60% | 13.23% | 28.16% | -15.22% | 21.64% | 17.16% | 27.78% | -1.99% | 28.17% |
Correlation
The correlation between FLOT and VPMCX is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Jun 17, 2011 | 0.11 |
The correlation between FLOT and VPMCX shifts across timeframes, from 0.11 (all time) to 0.29 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
FLOT vs. VPMCX — Risk / Return Rank
FLOT
VPMCX
FLOT vs. VPMCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and Vanguard PRIMECAP Fund Investor Shares (VPMCX). 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 | VPMCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.75 | ||
| Sortino ratioReturn per unit of downside risk | +7.81 | ||
| Omega ratioGain probability vs. loss probability | 3.01 | 1.42 | +1.59 |
| Calmar ratioReturn relative to maximum drawdown | 10.59 | 3.72 | +6.87 |
| Martin ratioReturn relative to average drawdown | 97.91 | 15.43 | +82.47 |
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Drawdowns
FLOT vs. VPMCX - Drawdown Comparison
The maximum FLOT drawdown since its inception was -13.54%, smaller than the maximum VPMCX drawdown of -50.45%. Use the drawdown chart below to compare losses from any high point for FLOT and VPMCX.
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Drawdown Indicators
| FLOT | VPMCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -50.45% | +36.91% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -11.73% | +11.30% |
Max Drawdown (3Y)Largest decline over 3 years | -1.57% | -20.56% | +18.99% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -25.25% | +22.89% |
Max Drawdown (10Y)Largest decline over 10 years | -13.54% | -32.65% | +19.11% |
Current DrawdownCurrent decline from peak | 0.00% | -7.69% | +7.69% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -7.39% | +7.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 2.82% | -2.77% |
Volatility
FLOT vs. VPMCX - Volatility Comparison
The current volatility for iShares Floating Rate Bond ETF (FLOT) is 0.14%, while Vanguard PRIMECAP Fund Investor Shares (VPMCX) has a volatility of 7.08%. This indicates that FLOT experiences smaller price fluctuations and is considered to be less risky than VPMCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOT | VPMCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | 7.08% | -6.94% |
Volatility (6M)Calculated over the trailing 6-month period | 0.63% | 15.78% | -15.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.75% | 18.53% | -17.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.78% | 18.72% | -16.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 19.33% | -15.18% |
FLOT vs. VPMCX - Expense Ratio Comparison
FLOT has a 0.15% expense ratio, which is lower than VPMCX's 0.35% expense ratio.
Dividends
FLOT vs. VPMCX - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 4.47%, less than VPMCX's 13.58% 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% |
VPMCX Vanguard PRIMECAP Fund Investor Shares | 13.58% | 16.36% | 6.62% | 7.16% | 9.85% | 10.08% | 9.74% | 7.15% | 8.32% | 4.53% | 5.05% | 5.91% |
Frequently Asked Questions
FLOT and VPMCX have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VPMCX has higher volatility (7.08%) compared to FLOT (0.14%). In terms of maximum drawdown, FLOT dropped -13.54% vs VPMCX's -50.45%.
FLOT currently has the higher Sharpe Ratio (6.11 vs 2.35), 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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