LCRP.L vs. FLO5.L
LCRP.L (SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF) and FLO5.L (iShares USD Floating Rate Bond UCITS ETF) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from State Street and iShares respectively. Both are passively managed. Over the past 5 years, LCRP.L returned -0.92%/yr vs 1.22%/yr for FLO5.L. At a 0.46 correlation, their price movements are largely independent. LCRP.L charges 0.12%/yr vs 0.10%/yr for FLO5.L.
Performance
LCRP.L vs. FLO5.L - Performance Comparison
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Different Trading Currencies
LCRP.L is traded in GBP, while FLO5.L is traded in GBp. To make them comparable, the FLO5.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
LCRP.L
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- -1.82%
- 1Y
- 6.35%
- 3Y*
- 1.41%
- 5Y*
- -0.92%
- 10Y*
- 1.61%
FLO5.L
- 1D
- 0.03%
- 1M
- -0.74%
- YTD
- -0.05%
- 6M
- -0.55%
- 1Y
- 1.25%
- 3Y*
- -2.38%
- 5Y*
- 1.22%
- 10Y*
- —
LCRP.L vs. FLO5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCRP.L SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF | 0.00% | -1.12% | 0.56% | 4.59% | -16.57% | -0.11% | 10.05% | 16.19% | -5.81% | 4.41% |
FLO5.L iShares USD Floating Rate Bond UCITS ETF | -0.05% | -6.83% | 1.88% | -4.56% | 11.92% | 1.15% | -4.18% | -2.07% | 4.95% | 0.57% |
Correlation
The correlation between LCRP.L and FLO5.L is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2017 | 0.46 |
The correlation between LCRP.L and FLO5.L shifts across timeframes, from 0.24 (3 years) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LCRP.L vs. FLO5.L — Risk / Return Rank
LCRP.L
FLO5.L
LCRP.L vs. FLO5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (LCRP.L) and iShares USD Floating Rate Bond UCITS ETF (FLO5.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.
| LCRP.L | FLO5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.04 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 0.19 | +1.25 |
| Martin ratioReturn relative to average drawdown | 2.05 | 0.38 | +1.67 |
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
| LCRP.L | FLO5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 0.17 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.13 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.02 | +0.19 |
Drawdowns
LCRP.L vs. FLO5.L - Drawdown Comparison
The maximum LCRP.L drawdown since its inception was -28.37%, which is greater than FLO5.L's maximum drawdown of -20.77%. Use the drawdown chart below to compare losses from any high point for LCRP.L and FLO5.L.
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Drawdown Indicators
| LCRP.L | FLO5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.37% | -20.77% | -7.60% |
Max Drawdown (1Y)Largest decline over 1 year | -4.77% | -6.65% | +1.88% |
Max Drawdown (3Y)Largest decline over 3 years | -11.82% | -13.32% | +1.50% |
Max Drawdown (5Y)Largest decline over 5 years | -26.17% | -20.77% | -5.40% |
Max Drawdown (10Y)Largest decline over 10 years | -28.37% | — | — |
Current DrawdownCurrent decline from peak | -18.73% | -19.14% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -12.80% | -9.77% | -3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 3.30% | +0.07% |
Volatility
LCRP.L vs. FLO5.L - Volatility Comparison
The current volatility for SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF (LCRP.L) is 0.00%, while iShares USD Floating Rate Bond UCITS ETF (FLO5.L) has a volatility of 2.80%. This indicates that LCRP.L experiences smaller price fluctuations and is considered to be less risky than FLO5.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCRP.L | FLO5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 2.80% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 2.04% | 5.01% | -2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.08% | 7.27% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.04% | 9.03% | +3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.86% | 9.16% | +3.70% |
LCRP.L vs. FLO5.L - Expense Ratio Comparison
LCRP.L has a 0.12% expense ratio, which is higher than FLO5.L's 0.10% 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%.
Dividends
LCRP.L vs. FLO5.L - Dividend Comparison
LCRP.L's dividend yield for the trailing twelve months is around 2.75%, more than FLO5.L's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 0.05% | 0.05% | 0.06% | 0.06% | 0.01% | 0.01% | 0.02% | 0.03% | 0.02% | 0.00% |
LCRP.L SPDR Bloomberg 10+ Year US Corporate Bond UCITS ETF | 2.75% | 5.64% | 5.14% | 4.64% | 4.37% | 3.29% | 3.49% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LCRP.L and FLO5.L have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLO5.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLO5.L is cheaper with a 0.10% expense ratio, compared with 0.12% for LCRP.L.
Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for LCRP.L and 0.10% for FLO5.L.
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