FLOT vs. YEAR
Compare and contrast key facts about iShares Floating Rate Bond ETF (FLOT) and AB Ultra Short Income ETF (YEAR).
FLOT and YEAR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLOT is a passively managed fund by iShares that tracks the performance of the Bloomberg US Floating Rate Notes (<5 Y). It was launched on Jun 14, 2011. YEAR is an actively managed fund by AllianceBernstein. It was launched on Sep 13, 2022.
Performance
FLOT vs. YEAR - Performance Comparison
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FLOT vs. YEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 0.74% | 4.91% | 6.53% | 6.43% | 1.34% |
YEAR AB Ultra Short Income ETF | 0.63% | 4.69% | 5.41% | 5.85% | 1.10% |
Returns By Period
In the year-to-date period, FLOT achieves a 0.74% return, which is significantly higher than YEAR's 0.63% return.
FLOT
- 1D
- -0.10%
- 1M
- 0.10%
- YTD
- 0.74%
- 6M
- 1.86%
- 1Y
- 4.44%
- 3Y*
- 5.87%
- 5Y*
- 4.01%
- 10Y*
- 2.97%
YEAR
- 1D
- -0.03%
- 1M
- 0.02%
- YTD
- 0.63%
- 6M
- 1.57%
- 1Y
- 3.94%
- 3Y*
- 5.12%
- 5Y*
- —
- 10Y*
- —
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FLOT vs. YEAR - Expense Ratio Comparison
FLOT has a 0.20% expense ratio, which is lower than YEAR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
FLOT vs. YEAR — Risk / Return Rank
FLOT
YEAR
FLOT vs. YEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Bond ETF (FLOT) and AB Ultra Short Income ETF (YEAR). 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 | YEAR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.10 | 4.58 | -2.47 |
Sortino ratioReturn per unit of downside risk | 2.64 | 8.46 | -5.83 |
Omega ratioGain probability vs. loss probability | 1.95 | 2.11 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 2.88 | 13.65 | -10.77 |
Martin ratioReturn relative to average drawdown | 22.41 | 62.07 | -39.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLOT | YEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 4.58 | -2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.27 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 4.29 | -3.65 |
Correlation
The correlation between FLOT and YEAR is 0.09, 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.
Dividends
FLOT vs. YEAR - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 4.68%, more than YEAR's 4.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.68% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
YEAR AB Ultra Short Income ETF | 4.22% | 4.33% | 5.16% | 5.00% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLOT vs. YEAR - Drawdown Comparison
The maximum FLOT drawdown since its inception was -13.54%, which is greater than YEAR's maximum drawdown of -0.61%. Use the drawdown chart below to compare losses from any high point for FLOT and YEAR.
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Drawdown Indicators
| FLOT | YEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.54% | -0.61% | -12.93% |
Max Drawdown (1Y)Largest decline over 1 year | -1.57% | -0.30% | -1.27% |
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 | -0.16% | -0.04% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -0.06% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 0.07% | +0.13% |
Volatility
FLOT vs. YEAR - Volatility Comparison
iShares Floating Rate Bond ETF (FLOT) has a higher volatility of 0.50% compared to AB Ultra Short Income ETF (YEAR) at 0.25%. This indicates that FLOT's price experiences larger fluctuations and is considered to be riskier than YEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLOT | YEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 0.25% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 0.61% | 0.50% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.12% | 0.87% | +1.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | 1.17% | +0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 1.17% | +2.98% |