LDCU.L vs. FLO5.L
LDCU.L (PIMCO US Low Duration Corporate Bond UCITS ETF Dist) and FLO5.L (iShares USD Floating Rate Bond UCITS ETF) are both Corporate Bonds funds - LDCU.L tracks the Bloomberg US Corp 1-3 Yr TR USD while FLO5.L tracks the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, LDCU.L returned 2.29%/yr vs 0.15%/yr for FLO5.L. At a correlation of -0.04, they often move in opposite directions. LDCU.L charges 0.49%/yr vs 0.10%/yr for FLO5.L.
Performance
LDCU.L vs. FLO5.L - Performance Comparison
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Different Trading Currencies
LDCU.L is traded in USD, while FLO5.L is traded in GBp. To make them comparable, the FLO5.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, LDCU.L achieves a 0.48% return, which is significantly higher than FLO5.L's -0.29% return.
LDCU.L
- 1D
- 0.15%
- 1M
- 0.20%
- YTD
- 0.48%
- 6M
- 0.48%
- 1Y
- 4.20%
- 3Y*
- 5.39%
- 5Y*
- 2.29%
- 10Y*
- 2.92%
FLO5.L
- 1D
- 0.08%
- 1M
- -1.59%
- YTD
- -0.29%
- 6M
- 0.18%
- 1Y
- 0.29%
- 3Y*
- 0.14%
- 5Y*
- 0.15%
- 10Y*
- —
LDCU.L vs. FLO5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist | 0.48% | 6.54% | 5.24% | 6.22% | -5.40% | -0.39% | 4.57% | 7.01% | 1.01% | -0.20% |
FLO5.L iShares USD Floating Rate Bond UCITS ETF | -0.29% | 0.21% | 0.18% | 0.48% | -0.05% | 0.24% | -1.24% | 1.85% | -0.99% | -0.02% |
Correlation
The correlation between LDCU.L and FLO5.L is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2017 | -0.04 |
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Return for Risk
LDCU.L vs. FLO5.L — Risk / Return Rank
LDCU.L
FLO5.L
LDCU.L vs. FLO5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.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.
| LDCU.L | FLO5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.35 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.02 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 0.11 | +1.88 |
| Martin ratioReturn relative to average drawdown | 7.16 | 0.22 | +6.94 |
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
| LDCU.L | FLO5.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 0.05 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.03 | +0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.09 | 0.01 | +1.08 |
Drawdowns
LDCU.L vs. FLO5.L - Drawdown Comparison
The maximum LDCU.L drawdown since its inception was -9.42%, smaller than the maximum FLO5.L drawdown of -15.60%. Use the drawdown chart below to compare losses from any high point for LDCU.L and FLO5.L.
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Drawdown Indicators
| LDCU.L | FLO5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.42% | -15.60% | +6.18% |
Max Drawdown (1Y)Largest decline over 1 year | -2.10% | -2.65% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -2.10% | -3.58% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | -9.42% | -3.58% | -5.84% |
Max Drawdown (10Y)Largest decline over 10 years | -9.42% | — | — |
Current DrawdownCurrent decline from peak | -0.62% | -2.80% | +2.18% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -1.78% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 1.28% | -0.69% |
Volatility
LDCU.L vs. FLO5.L - Volatility Comparison
The current volatility for PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.L) is 0.78%, while iShares USD Floating Rate Bond UCITS ETF (FLO5.L) has a volatility of 2.40%. This indicates that LDCU.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
| LDCU.L | FLO5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 2.40% | -1.62% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 4.02% | -2.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.98% | 5.25% | -2.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.10% | 5.78% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.69% | 6.24% | -3.55% |
LDCU.L vs. FLO5.L - Expense Ratio Comparison
LDCU.L has a 0.49% expense ratio, which is higher than FLO5.L's 0.10% expense ratio.
Dividends
LDCU.L vs. FLO5.L - Dividend Comparison
LDCU.L's dividend yield for the trailing twelve months is around 4.48%, more than FLO5.L's 0.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist | 4.48% | 4.42% | 4.40% | 3.45% | 1.93% | 1.77% | 2.17% | 2.96% | 2.75% | 2.26% | 2.37% | 2.13% |
Frequently Asked Questions
LDCU.L and FLO5.L have a correlation of -0.11, 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 0.49% for LDCU.L.
LDCU.L tracks Bloomberg US Corp 1-3 Yr TR USD, while FLO5.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.49% for LDCU.L and 0.10% for FLO5.L.
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