FLUC.L vs. FLOT.L
FLUC.L (Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist)) and FLOT.L (iShares $ Floating Rate Bond UCITS ETF USD (Dist)) are both exchange-traded funds - FLUC.L is a Corporate Bonds fund tracking the Bloomberg US Corporate - Investment Grade Index, while FLOT.L is a Ultra Short-Term Bonds fund tracking the Bloomberg US Floating Rate Note <5 Years Index. Both are passively managed. Over the past 5 years, FLUC.L returned -0.29%/yr vs 4.33%/yr for FLOT.L. At a 0.04 correlation, their price movements are largely independent. FLUC.L charges 0.35%/yr vs 0.10%/yr for FLOT.L.
Performance
FLUC.L vs. FLOT.L - Performance Comparison
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Returns By Period
In the year-to-date period, FLUC.L achieves a -0.38% return, which is significantly lower than FLOT.L's 2.38% return.
FLUC.L
- 1D
- 0.08%
- 1M
- -0.38%
- 6M
- -0.09%
- YTD
- -0.38%
- 1Y
- 4.18%
- 3Y*
- 4.44%
- 5Y*
- -0.29%
- 10Y*
- —
FLOT.L
- 1D
- 0.00%
- 1M
- 0.40%
- 6M
- 2.18%
- YTD
- 2.38%
- 1Y
- 4.77%
- 3Y*
- 5.63%
- 5Y*
- 4.33%
- 10Y*
- —
FLUC.L vs. FLOT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FLUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) | -0.38% | 7.46% | 2.08% | 7.77% | -15.53% | -2.24% | 9.76% | 14.52% | 0.68% |
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 2.38% | 5.19% | 6.39% | 6.04% | 1.87% | 0.60% | 0.60% | 4.19% | 0.28% |
Correlation
The correlation between FLUC.L and FLOT.L is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2018 | 0.04 |
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Return for Risk
FLUC.L vs. FLOT.L — Risk / Return Rank
FLUC.L
FLOT.L
FLUC.L vs. FLOT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) (FLUC.L) and iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L). 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.
| FLUC.L | FLOT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.60 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.64 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 23.83 | -22.24 |
| Martin ratioReturn relative to average drawdown | 4.39 | 44.39 | -40.01 |
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Drawdowns
FLUC.L vs. FLOT.L - Drawdown Comparison
The maximum FLUC.L drawdown since its inception was -22.30%, which is greater than FLOT.L's maximum drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for FLUC.L and FLOT.L.
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Drawdown Indicators
| FLUC.L | FLOT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.30% | -14.03% | -8.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.61% | -0.20% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | -2.53% | -3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -22.12% | -2.53% | -19.59% |
Current DrawdownCurrent decline from peak | -2.74% | 0.00% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -6.53% | -0.22% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.11% | +0.84% |
Volatility
FLUC.L vs. FLOT.L - Volatility Comparison
Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) (FLUC.L) has a higher volatility of 1.37% compared to iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L) at 0.61%. This indicates that FLUC.L's price experiences larger fluctuations and is considered to be riskier than FLOT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLUC.L | FLOT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 0.61% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 3.75% | 1.46% | +2.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.93% | 1.94% | +2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.76% | 2.90% | +3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 3.92% | +3.16% |
FLUC.L vs. FLOT.L - Expense Ratio Comparison
FLUC.L has a 0.35% expense ratio, which is higher than FLOT.L's 0.10% expense ratio.
Dividends
FLUC.L vs. FLOT.L - Dividend Comparison
FLUC.L's dividend yield for the trailing twelve months is around 4.22%, less than FLOT.L's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 4.68% | 5.02% | 6.05% | 5.50% | 1.45% | 0.60% | 1.59% | 2.91% | 2.21% | 0.46% |
FLUC.L Franklin USD Investment Grade Corporate Bond UCITS ETF USD (Dist) | 4.22% | 4.01% | 4.26% | 3.38% | 2.76% | 2.17% | 2.29% | 3.37% | 1.61% | 0.00% |
Frequently Asked Questions
FLUC.L and FLOT.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOT.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOT.L is cheaper with a 0.10% expense ratio, compared with 0.35% for FLUC.L.
FLUC.L is categorized as Corporate Bonds, while FLOT.L is Ultra Short-Term Bonds. FLUC.L tracks Bloomberg US Corporate - Investment Grade Index, while FLOT.L tracks Bloomberg US Floating Rate Note <5 Years Index. They also come from different issuers: Franklin and iShares. Their fees differ too: 0.35% for FLUC.L and 0.10% for FLOT.L.
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