FLOT vs. XFR.TO
FLOT (iShares Floating Rate Bond ETF) and XFR.TO (iShares Floating Rate Index ETF) are both exchange-traded funds - FLOT is a Corporate Bonds fund tracking the Bloomberg US Floating Rate Notes (<5 Y), while XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD. Both are passively managed. Over the past 10 years, FLOT returned 3.03%/yr vs 1.51%/yr for XFR.TO. At a 0.08 correlation, their price movements are largely independent. FLOT charges 0.20%/yr vs 0.14%/yr for XFR.TO.
Performance
FLOT vs. XFR.TO - Performance Comparison
Loading charts...
Different Trading Currencies
FLOT is traded in USD, while XFR.TO is traded in CAD. To make them comparable, the XFR.TO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLOT achieves a 1.89% return, which is significantly higher than XFR.TO's -0.25% return. Over the past 10 years, FLOT has outperformed XFR.TO with an annualized return of 3.03%, while XFR.TO has yielded a comparatively lower 1.51% annualized return.
FLOT
- 1D
- 0.04%
- 1M
- 0.51%
- YTD
- 1.89%
- 6M
- 2.21%
- 1Y
- 4.91%
- 3Y*
- 5.65%
- 5Y*
- 4.20%
- 10Y*
- 3.03%
XFR.TO
- 1D
- -0.45%
- 1M
- -1.78%
- YTD
- -0.25%
- 6M
- 1.72%
- 1Y
- 1.65%
- 3Y*
- 2.80%
- 5Y*
- 0.35%
- 10Y*
- 1.51%
FLOT vs. XFR.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 1.89% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
XFR.TO iShares Floating Rate Index ETF | -0.25% | 8.29% | -3.69% | 7.69% | -5.00% | 0.89% | 3.00% | 7.34% | -6.70% | 8.47% |
Correlation
The correlation between FLOT and XFR.TO 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 (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2011 | 0.08 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FLOT vs. XFR.TO — Risk / Return Rank
FLOT
XFR.TO
FLOT vs. XFR.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and iShares Floating Rate Index ETF (XFR.TO). 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 | XFR.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.31 | ||
| Sortino ratioReturn per unit of downside risk | +11.55 | ||
| Omega ratioGain probability vs. loss probability | 3.31 | 1.07 | +2.25 |
| Calmar ratioReturn relative to maximum drawdown | 11.42 | 0.59 | +10.82 |
| Martin ratioReturn relative to average drawdown | 106.82 | 1.19 | +105.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FLOT | XFR.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 6.68 | 0.37 | +6.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.38 | 0.06 | +2.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | 0.21 | +0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | -0.02 | +0.68 |
Drawdowns
FLOT vs. XFR.TO - Drawdown Comparison
The maximum FLOT drawdown since its inception was -13.54%, smaller than the maximum XFR.TO drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for FLOT and XFR.TO.
Loading charts...
Drawdown Indicators
| FLOT | XFR.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -31.34% | +17.80% |
Max Drawdown (1Y)Largest decline over 1 year | -0.43% | -2.79% | +2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -1.57% | -6.35% | +4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -2.36% | -12.16% | +9.80% |
Max Drawdown (10Y)Largest decline over 10 years | -13.54% | -16.52% | +2.98% |
Current DrawdownCurrent decline from peak | 0.00% | -9.53% | +9.53% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -15.39% | +15.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 1.38% | -1.33% |
Volatility
FLOT vs. XFR.TO - Volatility Comparison
The current volatility for iShares Floating Rate Bond ETF (FLOT) is 0.18%, while iShares Floating Rate Index ETF (XFR.TO) has a volatility of 0.83%. This indicates that FLOT experiences smaller price fluctuations and is considered to be less risky than XFR.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FLOT | XFR.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.83% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 0.62% | 3.43% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.74% | 4.50% | -3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | 6.35% | -4.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 7.12% | -2.97% |
FLOT vs. XFR.TO - Expense Ratio Comparison
FLOT has a 0.20% expense ratio, which is higher than XFR.TO'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. XFR.TO - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 4.53%, more than XFR.TO's 2.77% 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% |
XFR.TO iShares Floating Rate Index ETF | 2.77% | 3.23% | 4.93% | 4.91% | 1.85% | 0.30% | 1.07% | 1.96% | 1.60% | 0.95% | 0.77% | 0.94% |
Frequently Asked Questions
FLOT and XFR.TO 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.
On fees, XFR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFR.TO is cheaper with a 0.14% expense ratio, compared with 0.20% for FLOT.
FLOT is categorized as Corporate Bonds, while XFR.TO is Canadian Government Bonds. FLOT tracks Bloomberg US Floating Rate Notes (<5 Y), while XFR.TO tracks Morningstar Can 1-5Y Core Bd GR CAD. Their fees differ too: 0.20% for FLOT and 0.14% for XFR.TO.
Find the right allocation for FLOT and XFR.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer