FLTR vs. ICSH

Last updated Apr 1, 2026

Compare and contrast key facts about VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and iShares Ultra Short Duration Bond Active ETF (ICSH).

FLTR and ICSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLTR is a passively managed fund by VanEck that tracks the performance of the MVIS US Investment Grade Floating Rate Index. It was launched on Apr 25, 2011. ICSH is a passively managed fund by iShares that tracks the performance of the ICE BofA US 6-Month Treasury Bill Index (USD). It was launched on Dec 11, 2013. Both FLTR and ICSH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FLTR vs. ICSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and iShares Ultra Short Duration Bond Active ETF (ICSH). The values are adjusted to include any dividend payments, if applicable.

FLTR vs. ICSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLTR VanEck Vectors Investment Grade Floating Rate ETF	0.71%	5.22%	7.38%	7.41%	0.74%	0.55%	1.44%	5.70%	0.30%	2.80%
ICSH iShares Ultra Short Duration Bond Active ETF	0.74%	4.96%	5.52%	5.58%	0.97%	0.16%	1.61%	3.17%	2.25%	1.63%

Returns By Period

The year-to-date returns for both investments are quite close, with FLTR having a 0.71% return and ICSH slightly higher at 0.74%. Over the past 10 years, FLTR has outperformed ICSH with an annualized return of 3.46%, while ICSH has yielded a comparatively lower 2.71% annualized return.

FLTR

• 1D: 0.20%
• 1M: -0.05%
• YTD: 0.71%
• 6M: 2.01%
• 1Y: 4.72%
• 3Y*: 6.48%
• 5Y*: 4.28%
• 10Y*: 3.46%

ICSH

• 1D: 0.02%
• 1M: 0.12%
• YTD: 0.74%
• 6M: 1.89%
• 1Y: 4.40%
• 3Y*: 5.21%
• 5Y*: 3.55%
• 10Y*: 2.71%

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

FLTR vs. ICSH - Expense Ratio Comparison

FLTR has a 0.14% expense ratio, which is higher than ICSH's 0.08% 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%.

FLTR

VanEck Vectors Investment Grade Floating Rate ETF

ICSH

iShares Ultra Short Duration Bond Active ETF

Return for Risk

FLTR vs. ICSH — Risk / Return Rank

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

FLTR

FLTR Risk / Return Rank: 92
FLTR Sharpe Ratio Rank: 93
FLTR Sortino Ratio Rank: 89
FLTR Omega Ratio Rank: 98
FLTR Calmar Ratio Rank: 86
FLTR Martin Ratio Rank: 97

ICSH

ICSH Risk / Return Rank: 100
ICSH Sharpe Ratio Rank: 100
ICSH Sortino Ratio Rank: 100
ICSH Omega Ratio Rank: 100
ICSH Calmar Ratio Rank: 100
ICSH Martin Ratio Rank: 100

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.

FLTR vs. ICSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and iShares Ultra Short Duration Bond Active ETF (ICSH). 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.

	FLTR	ICSH	Difference
Sharpe ratio Return per unit of total volatility	2.10	10.86	-8.75
Sortino ratio Return per unit of downside risk	2.43	25.58	-23.15
Omega ratio Gain probability vs. loss probability	1.93	6.41	-4.48
Calmar ratio Return relative to maximum drawdown	2.47	45.33	-42.86
Martin ratio Return relative to average drawdown	18.16	283.87	-265.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLTR vs. ICSH - Sharpe Ratio Comparison

The current FLTR Sharpe Ratio is 2.10, which is lower than the ICSH Sharpe Ratio of 10.86. The chart below compares the historical Sharpe Ratios of FLTR and ICSH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FLTR	ICSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	10.86	-8.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.01	7.40	-5.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	2.55	-1.86
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	1.90	-1.39

Correlation

The correlation between FLTR and ICSH 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

FLTR vs. ICSH - Dividend Comparison

FLTR's dividend yield for the trailing twelve months is around 4.89%, more than ICSH's 4.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLTR VanEck Vectors Investment Grade Floating Rate ETF	4.89%	4.97%	5.93%	6.07%	2.29%	0.63%	1.49%	3.05%	2.67%	1.69%	1.16%	0.71%
ICSH iShares Ultra Short Duration Bond Active ETF	4.46%	4.55%	5.24%	4.78%	1.66%	0.42%	1.21%	2.61%	2.20%	1.36%	0.88%	0.54%

Drawdowns

FLTR vs. ICSH - Drawdown Comparison

The maximum FLTR drawdown since its inception was -17.84%, which is greater than ICSH's maximum drawdown of -3.94%. Use the drawdown chart below to compare losses from any high point for FLTR and ICSH.

Drawdown Indicators

	FLTR	ICSH	Difference
Max Drawdown Largest peak-to-trough decline	-17.84%	-3.94%	-13.90%
Max Drawdown (1Y) Largest decline over 1 year	-1.93%	-0.10%	-1.83%
Max Drawdown (5Y) Largest decline over 5 years	-3.06%	-0.73%	-2.33%
Max Drawdown (10Y) Largest decline over 10 years	-17.84%	-3.94%	-13.90%
Current Drawdown Current decline from peak	-0.12%	0.00%	-0.12%
Average Drawdown Average peak-to-trough decline	-0.68%	-0.08%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	0.02%	+0.24%

Volatility

FLTR vs. ICSH - Volatility Comparison

VanEck Vectors Investment Grade Floating Rate ETF (FLTR) has a higher volatility of 0.40% compared to iShares Ultra Short Duration Bond Active ETF (ICSH) at 0.16%. This indicates that FLTR's price experiences larger fluctuations and is considered to be riskier than ICSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLTR	ICSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.40%	0.16%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	0.57%	0.26%	+0.31%
Volatility (1Y) Calculated over the trailing 1-year period	2.25%	0.41%	+1.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.14%	0.48%	+1.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.01%	1.06%	+3.95%