FLTR vs. IETC
FLTR (VanEck IG Floating Rate ETF) and IETC (iShares U.S. Tech Independence Focused ETF) are both exchange-traded funds - FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index, while IETC is a Technology Equities fund actively managed by iShares. FLTR is passively managed, while IETC is actively managed. Over the past 5 years, FLTR returned 4.53%/yr vs 15.69%/yr for IETC. At a 0.18 correlation, their price movements are largely independent. FLTR charges 0.14%/yr vs 0.18%/yr for IETC.
Performance
FLTR vs. IETC - Performance Comparison
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Returns By Period
In the year-to-date period, FLTR achieves a 2.11% return, which is significantly lower than IETC's 5.11% return.
FLTR
- 1D
- 0.04%
- 1M
- 0.50%
- YTD
- 2.11%
- 6M
- 2.40%
- 1Y
- 5.34%
- 3Y*
- 6.13%
- 5Y*
- 4.53%
- 10Y*
- 3.50%
IETC
- 1D
- -0.89%
- 1M
- 0.18%
- YTD
- 5.11%
- 6M
- 8.61%
- 1Y
- 18.80%
- 3Y*
- 25.22%
- 5Y*
- 15.69%
- 10Y*
- —
FLTR vs. IETC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck IG Floating Rate ETF | 2.11% | 5.22% | 7.38% | 7.41% | 0.74% | 0.55% | 1.44% | 5.70% | -0.06% |
IETC iShares U.S. Tech Independence Focused ETF | 5.11% | 19.56% | 37.57% | 54.35% | -32.78% | 29.73% | 46.59% | 43.09% | -3.75% |
Correlation
The correlation between FLTR and IETC is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2018 | 0.18 |
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Return for Risk
FLTR vs. IETC — Risk / Return Rank
FLTR
IETC
FLTR vs. IETC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck IG Floating Rate ETF (FLTR) and iShares U.S. Tech Independence Focused ETF (IETC). 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.
| FLTR | IETC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.84 | ||
| Sortino ratioReturn per unit of downside risk | +11.19 | ||
| Omega ratioGain probability vs. loss probability | 3.10 | 1.16 | +1.94 |
| Calmar ratioReturn relative to maximum drawdown | 17.09 | 0.89 | +16.20 |
| Martin ratioReturn relative to average drawdown | 100.68 | 2.44 | +98.24 |
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Drawdowns
FLTR vs. IETC - Drawdown Comparison
The maximum FLTR drawdown since its inception was -17.84%, smaller than the maximum IETC drawdown of -38.48%. Use the drawdown chart below to compare losses from any high point for FLTR and IETC.
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Drawdown Indicators
| FLTR | IETC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.84% | -38.48% | +20.64% |
Max Drawdown (1Y)Largest decline over 1 year | -0.31% | -21.19% | +20.88% |
Max Drawdown (3Y)Largest decline over 3 years | -1.93% | -25.17% | +23.24% |
Max Drawdown (5Y)Largest decline over 5 years | -3.06% | -38.48% | +35.42% |
Max Drawdown (10Y)Largest decline over 10 years | -17.84% | — | — |
Current DrawdownCurrent decline from peak | -0.08% | -9.78% | +9.70% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -8.14% | +7.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 7.73% | -7.68% |
Volatility
FLTR vs. IETC - Volatility Comparison
The current volatility for VanEck IG Floating Rate ETF (FLTR) is 0.29%, while iShares U.S. Tech Independence Focused ETF (IETC) has a volatility of 10.32%. This indicates that FLTR experiences smaller price fluctuations and is considered to be less risky than IETC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLTR | IETC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 10.32% | -10.03% |
Volatility (6M)Calculated over the trailing 6-month period | 0.65% | 18.01% | -17.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.80% | 22.47% | -21.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.13% | 24.78% | -22.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.00% | 25.47% | -20.47% |
FLTR vs. IETC - Expense Ratio Comparison
FLTR has a 0.14% expense ratio, which is lower than IETC's 0.18% 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
FLTR vs. IETC - Dividend Comparison
FLTR's dividend yield for the trailing twelve months is around 4.72%, more than IETC's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck IG Floating Rate ETF | 4.72% | 4.97% | 5.93% | 6.07% | 2.29% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% |
IETC iShares U.S. Tech Independence Focused ETF | 0.39% | 0.38% | 0.52% | 0.79% | 0.92% | 0.73% | 0.48% | 0.95% | 1.27% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FLTR and IETC have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IETC has higher volatility (10.32%) compared to FLTR (0.29%). In terms of maximum drawdown, FLTR dropped -17.84% vs IETC's -38.48%.
On 5-year performance, IETC leads with 15.69% vs 4.53% for FLTR. On fees, FLTR is cheaper at 0.14% per year. On volatility, FLTR has been the lower-risk option at 0.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IETC has performed better with a 15.69% return vs 4.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLTR is cheaper with a 0.14% expense ratio, compared with 0.18% for IETC.
FLTR has the higher dividend yield at 4.72%, compared with 0.39% for IETC.
FLTR is categorized as Corporate Bonds, while IETC is Technology Equities. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.14% for FLTR and 0.18% for IETC.
FLTR currently has the higher Sharpe Ratio (6.68 vs 0.84), 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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