FLOT vs. XBOX

Last updated Jul 21, 2026

FLOT (iShares Floating Rate Bond ETF) and XBOX (Roundhill Ultra Short Duration No Dividend Target ETF) are both Ultrashort Bond funds. FLOT is passively managed, while XBOX is actively managed. At a correlation of -0.08, they often move in opposite directions. FLOT charges 0.15%/yr vs 0.14%/yr for XBOX.

Performance

FLOT vs. XBOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Floating Rate Bond ETF (FLOT) and Roundhill Ultra Short Duration No Dividend Target ETF (XBOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

XBOX

• 1D: 0.00%
• 1M: 0.32%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLOT vs. XBOX - Yearly Performance Comparison

	2026 (YTD)
FLOT iShares Floating Rate Bond ETF	1.66%
XBOX Roundhill Ultra Short Duration No Dividend Target ETF	1.29%

Correlation

The correlation between FLOT and XBOX is -0.08, 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 (All Time) Calculated using the full available price history since Mar 18, 2026	-0.08

Return for Risk

FLOT vs. XBOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLOT

FLOT Risk / Return Rank: 99
FLOT Sharpe Ratio Rank: 99
FLOT Sortino Ratio Rank: 99
FLOT Omega Ratio Rank: 99
FLOT Calmar Ratio Rank: 98
FLOT Martin Ratio Rank: 99

XBOX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLOT vs. XBOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and Roundhill Ultra Short Duration No Dividend Target ETF (XBOX). 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	XBOX	Difference
Sharpe ratio: Return per unit of total volatility	6.11	—	—
Sortino ratio: Return per unit of downside risk	11.00	—	—
Omega ratio: Gain probability vs. loss probability	3.01	—	—
Calmar ratio: Return relative to maximum drawdown	10.59	—	—
Martin ratio: Return relative to average drawdown	97.91	—	—

Drawdowns

FLOT vs. XBOX - Drawdown Comparison

The maximum FLOT drawdown since its inception was -13.54%, which is greater than XBOX's maximum drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for FLOT and XBOX.

Drawdown Indicators

	FLOT	XBOX	Difference
Max Drawdown Largest peak-to-trough decline	-13.54%	-0.83%	-12.71%
Max Drawdown (1Y) Largest decline over 1 year	-0.43%	—	—
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 Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.21%	-0.08%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	—	—

Volatility

Volatility by Period

	FLOT	XBOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.14%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.63%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.75%	2.04%	-1.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.78%	2.04%	-0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.15%	2.04%	+2.11%

FLOT vs. XBOX - Expense Ratio Comparison

FLOT has a 0.15% expense ratio, which is higher than XBOX's 0.14% 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. XBOX - Dividend Comparison

FLOT's dividend yield for the trailing twelve months is around 4.47%, while XBOX has not paid dividends to shareholders.

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%
XBOX Roundhill Ultra Short Duration No Dividend Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLOT and XBOX in my portfolio?

FLOT and XBOX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLOT or XBOX?

On fees, XBOX is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLOT or XBOX?

XBOX is cheaper with a 0.14% expense ratio, compared with 0.15% for FLOT.

Which ETF pays a higher dividend yield, FLOT or XBOX?

FLOT has the higher dividend yield at 4.47%, compared with 0.00% for XBOX.

What is the main difference between FLOT and XBOX?

They also come from different issuers: iShares and Roundhill. Their fees differ too: 0.15% for FLOT and 0.14% for XBOX.