IBDT vs. FLOT
IBDT (iShares iBonds Dec 2028 Term Corporate ETF) and FLOT (iShares Floating Rate Bond ETF) are both Corporate Bonds funds from iShares - IBDT tracks the Bloomberg December 2028 Maturity Corporate Index while FLOT tracks the Bloomberg US Floating Rate Notes (<5 Y). Both are passively managed. Over the past 5 years, IBDT returned 1.39%/yr vs 4.20%/yr for FLOT. At a 0.12 correlation, their price movements are largely independent. IBDT charges 0.10%/yr vs 0.20%/yr for FLOT.
Performance
IBDT vs. FLOT - Performance Comparison
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Returns By Period
In the year-to-date period, IBDT achieves a 0.78% return, which is significantly lower than FLOT's 1.89% return.
IBDT
- 1D
- -0.06%
- 1M
- 0.27%
- YTD
- 0.78%
- 6M
- 1.15%
- 1Y
- 4.55%
- 3Y*
- 5.51%
- 5Y*
- 1.39%
- 10Y*
- —
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%
IBDT vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 0.78% | 7.02% | 3.97% | 7.72% | -11.42% | -1.90% | 9.62% | 15.15% | 1.19% |
FLOT iShares Floating Rate Bond ETF | 1.89% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | -0.35% |
Correlation
The correlation between IBDT and FLOT is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2018 | 0.12 |
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Return for Risk
IBDT vs. FLOT — Risk / Return Rank
IBDT
FLOT
IBDT vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Corporate ETF (IBDT) and iShares Floating Rate Bond ETF (FLOT). 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.
| IBDT | FLOT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.81 | 6.68 | -3.87 |
Sortino ratioReturn per unit of downside risk | 4.50 | 12.15 | -7.65 |
Omega ratioGain probability vs. loss probability | 1.59 | 3.31 | -1.73 |
Calmar ratioReturn relative to maximum drawdown | 4.44 | 11.42 | -6.98 |
Martin ratioReturn relative to average drawdown | 20.21 | 106.82 | -86.61 |
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
| IBDT | FLOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.81 | 6.68 | -3.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 2.38 | -2.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.66 | -0.05 |
Drawdowns
IBDT vs. FLOT - Drawdown Comparison
The maximum IBDT drawdown since its inception was -17.79%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for IBDT and FLOT.
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Drawdown Indicators
| IBDT | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.79% | -13.54% | -4.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.03% | -0.43% | -0.60% |
Max Drawdown (3Y)Largest decline over 3 years | -3.19% | -1.57% | -1.62% |
Max Drawdown (5Y)Largest decline over 5 years | -17.68% | -2.36% | -15.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.54% | — |
Current DrawdownCurrent decline from peak | -0.09% | 0.00% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -0.21% | -3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.05% | +0.18% |
Volatility
IBDT vs. FLOT - Volatility Comparison
iShares iBonds Dec 2028 Term Corporate ETF (IBDT) has a higher volatility of 0.34% compared to iShares Floating Rate Bond ETF (FLOT) at 0.18%. This indicates that IBDT's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBDT | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.34% | 0.18% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 1.04% | 0.62% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.62% | 0.74% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.07% | 1.77% | +3.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.37% | 4.15% | +2.22% |
IBDT vs. FLOT - Expense Ratio Comparison
IBDT has a 0.10% expense ratio, which is lower than FLOT's 0.20% 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
IBDT vs. FLOT - Dividend Comparison
IBDT's dividend yield for the trailing twelve months is around 4.55%, which matches FLOT's 4.53% 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% |
IBDT iShares iBonds Dec 2028 Term Corporate ETF | 4.55% | 4.56% | 4.67% | 4.10% | 3.25% | 2.45% | 2.80% | 3.32% | 1.47% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBDT and FLOT have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBDT has higher volatility (0.34%) compared to FLOT (0.18%). In terms of maximum drawdown, IBDT dropped -17.79% vs FLOT's -13.54%.
On 5-year performance, FLOT leads with 4.20% vs 1.39% for IBDT. On fees, IBDT is cheaper at 0.10% per year. On volatility, FLOT has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FLOT has performed better with a 4.20% return vs 1.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBDT is cheaper with a 0.10% expense ratio, compared with 0.20% for FLOT.
IBDT has the higher dividend yield at 4.55%, compared with 4.53% for FLOT.
IBDT tracks Bloomberg December 2028 Maturity Corporate Index, while FLOT tracks Bloomberg US Floating Rate Notes (<5 Y). Their fees differ too: 0.10% for IBDT and 0.20% for FLOT.
FLOT currently has the higher Sharpe Ratio (6.68 vs 2.81), 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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