LDCU.L vs. FLOT.L
LDCU.L (PIMCO US Low Duration Corporate Bond UCITS ETF Dist) and FLOT.L (iShares $ Floating Rate Bond UCITS ETF USD (Dist)) are both exchange-traded funds - LDCU.L is a Corporate Bonds fund tracking the Bloomberg US Corp 1-3 Yr TR USD, 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, LDCU.L returned 2.35%/yr vs 4.33%/yr for FLOT.L. At a 0.01 correlation, their price movements are largely independent. LDCU.L charges 0.49%/yr vs 0.10%/yr for FLOT.L.
Performance
LDCU.L vs. FLOT.L - Performance Comparison
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Returns By Period
In the year-to-date period, LDCU.L achieves a 0.77% return, which is significantly lower than FLOT.L's 2.38% return.
LDCU.L
- 1D
- -0.01%
- 1M
- 0.10%
- 6M
- 0.68%
- YTD
- 0.77%
- 1Y
- 3.84%
- 3Y*
- 5.36%
- 5Y*
- 2.35%
- 10Y*
- 2.84%
FLOT.L
- 1D
- 0.00%
- 1M
- 0.40%
- 6M
- 2.18%
- YTD
- 2.38%
- 1Y
- 4.77%
- 3Y*
- 5.63%
- 5Y*
- 4.33%
- 10Y*
- —
LDCU.L vs. FLOT.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 | 0.77% | 6.55% | 5.24% | 6.22% | -5.40% | -0.40% | 4.56% | 7.02% | 1.00% | 0.78% |
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% | 1.39% | 0.87% |
Correlation
The correlation between LDCU.L and FLOT.L is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2017 | 0.01 |
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Return for Risk
LDCU.L vs. FLOT.L — Risk / Return Rank
LDCU.L
FLOT.L
LDCU.L vs. FLOT.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 $ 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.
| LDCU.L | FLOT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.79 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.64 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 23.83 | -22.02 |
| Martin ratioReturn relative to average drawdown | 6.39 | 44.39 | -38.00 |
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Drawdowns
LDCU.L vs. FLOT.L - Drawdown Comparison
The maximum LDCU.L drawdown since its inception was -9.42%, smaller than the maximum FLOT.L drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for LDCU.L and FLOT.L.
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Drawdown Indicators
| LDCU.L | FLOT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.42% | -14.03% | +4.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.10% | -0.20% | -1.90% |
Max Drawdown (3Y)Largest decline over 3 years | -2.10% | -2.53% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -9.42% | -2.53% | -6.89% |
Max Drawdown (10Y)Largest decline over 10 years | -9.42% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | 0.00% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -1.26% | -0.22% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.60% | 0.11% | +0.49% |
Volatility
LDCU.L vs. FLOT.L - Volatility Comparison
The current volatility for PIMCO US Low Duration Corporate Bond UCITS ETF Dist (LDCU.L) is 0.47%, while iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L) has a volatility of 0.61%. This indicates that LDCU.L experiences smaller price fluctuations and is considered to be less risky 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
| LDCU.L | FLOT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.61% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 1.64% | 1.46% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.77% | 1.94% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.11% | 2.90% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.69% | 3.92% | -1.23% |
LDCU.L vs. FLOT.L - Expense Ratio Comparison
LDCU.L has a 0.49% expense ratio, which is higher than FLOT.L's 0.10% expense ratio.
Dividends
LDCU.L vs. FLOT.L - Dividend Comparison
LDCU.L's dividend yield for the trailing twelve months is around 4.55%, less than FLOT.L's 4.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
LDCU.L PIMCO US Low Duration Corporate Bond UCITS ETF Dist | 4.55% | 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 FLOT.L have a correlation of -0.04, 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 0.49% for LDCU.L.
LDCU.L is categorized as Corporate Bonds, while FLOT.L is Ultra Short-Term Bonds. LDCU.L tracks Bloomberg US Corp 1-3 Yr TR USD, while FLOT.L tracks Bloomberg US Floating Rate Note <5 Years Index. They also come from different issuers: PIMCO and iShares. Their fees differ too: 0.49% for LDCU.L and 0.10% for FLOT.L.
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