FLOT vs. YEAR
FLOT (iShares Floating Rate Bond ETF) and YEAR (AB Ultra Short Income ETF) are both exchange-traded funds - FLOT is a Corporate Bonds fund tracking the Bloomberg US Floating Rate Notes (<5 Y), while YEAR is a Ultrashort Bond fund actively managed by AllianceBernstein. FLOT is passively managed, while YEAR is actively managed. Over the past 3 years, FLOT returned 5.65%/yr vs 4.95%/yr for YEAR. At a 0.09 correlation, their price movements are largely independent. FLOT charges 0.20%/yr vs 0.25%/yr for YEAR.
Performance
FLOT vs. YEAR - Performance Comparison
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Returns By Period
In the year-to-date period, FLOT achieves a 1.89% return, which is significantly higher than YEAR's 1.13% 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%
YEAR
- 1D
- -0.04%
- 1M
- 0.20%
- YTD
- 1.13%
- 6M
- 1.37%
- 1Y
- 3.81%
- 3Y*
- 4.95%
- 5Y*
- —
- 10Y*
- —
FLOT vs. YEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 1.89% | 4.91% | 6.53% | 6.43% | 1.34% |
YEAR AB Ultra Short Income ETF | 1.13% | 4.69% | 5.41% | 5.85% | 1.10% |
Correlation
The correlation between FLOT and YEAR is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.09 |
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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 | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +3.06 | ||
| Omega ratioGain probability vs. loss probability | 3.31 | 2.19 | +1.13 |
| Calmar ratioReturn relative to maximum drawdown | 11.42 | 16.85 | -5.43 |
| Martin ratioReturn relative to average drawdown | 106.82 | 72.82 | +34.00 |
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 | 6.68 | 4.93 | +1.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.38 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 4.26 | -3.60 |
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 | -0.43% | -0.23% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -1.57% | -0.43% | -1.14% |
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 | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -0.06% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.05% | 0.00% |
Volatility
FLOT vs. YEAR - Volatility Comparison
The current volatility for iShares Floating Rate Bond ETF (FLOT) is 0.18%, while AB Ultra Short Income ETF (YEAR) has a volatility of 0.19%. This indicates that FLOT experiences smaller price fluctuations and is considered to be less risky 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 | 0.18% | 0.19% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.62% | 0.51% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.74% | 0.78% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.77% | 1.15% | +0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.15% | 1.15% | +3.00% |
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%.
Dividends
FLOT vs. YEAR - Dividend Comparison
FLOT's dividend yield for the trailing twelve months is around 4.53%, more than YEAR's 4.14% 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% |
YEAR AB Ultra Short Income ETF | 4.14% | 4.33% | 5.16% | 5.00% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLOT and YEAR have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YEAR has higher volatility (0.19%) compared to FLOT (0.18%). In terms of maximum drawdown, FLOT dropped -13.54% vs YEAR's -0.61%.
On 3-year performance, FLOT leads with 5.65% vs 4.95% for YEAR. On fees, FLOT is cheaper at 0.20% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, FLOT has performed better with a 5.65% return vs 4.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLOT is cheaper with a 0.20% expense ratio, compared with 0.25% for YEAR.
FLOT has the higher dividend yield at 4.53%, compared with 4.14% for YEAR.
FLOT is categorized as Corporate Bonds, while YEAR is Ultrashort Bond. They also come from different issuers: iShares and AllianceBernstein. Their fees differ too: 0.20% for FLOT and 0.25% for YEAR.
FLOT currently has the higher Sharpe Ratio (6.68 vs 4.93), 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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