LQDA.L vs. FLO5.L
LQDA.L (iShares USD Corporate Bond UCITS ETF (Acc)) and FLO5.L (iShares USD Floating Rate Bond UCITS ETF) are both Corporate Bonds funds from iShares tracking the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, LQDA.L returned -0.09%/yr vs 4.36%/yr for FLO5.L. At a correlation of -0.04, they often move in opposite directions. LQDA.L charges 0.20%/yr vs 0.10%/yr for FLO5.L.
Performance
LQDA.L vs. FLO5.L - Performance Comparison
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Different Trading Currencies
LQDA.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, LQDA.L achieves a 0.79% return, which is significantly lower than FLO5.L's 2.12% return.
LQDA.L
- 1D
- 0.63%
- 1M
- 1.59%
- YTD
- 0.79%
- 6M
- 1.27%
- 1Y
- 5.28%
- 3Y*
- 5.14%
- 5Y*
- -0.09%
- 10Y*
- —
FLO5.L
- 1D
- -0.09%
- 1M
- 0.54%
- YTD
- 2.12%
- 6M
- 2.19%
- 1Y
- 4.96%
- 3Y*
- 5.63%
- 5Y*
- 4.36%
- 10Y*
- —
LQDA.L vs. FLO5.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.79% | 8.02% | 1.21% | 9.01% | -17.75% | -1.66% | 10.56% | 18.32% | -4.38% | 1.74% |
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 2.12% | 5.34% | 6.30% | 6.07% | 1.42% | 0.83% | 0.33% | 4.84% | 1.19% | 0.44% |
Correlation
The correlation between LQDA.L and FLO5.L is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2017 | -0.04 |
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Return for Risk
LQDA.L vs. FLO5.L — Risk / Return Rank
LQDA.L
FLO5.L
LQDA.L vs. FLO5.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.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.
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.
| LQDA.L | FLO5.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.20 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | 3.79 | -2.19 |
| Martin ratioReturn relative to average drawdown | 4.34 | 16.34 | -12.00 |
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Drawdowns
LQDA.L vs. FLO5.L - Drawdown Comparison
The maximum LQDA.L drawdown since its inception was -25.10%, which is greater than FLO5.L's maximum drawdown of -14.87%. Use the drawdown chart below to compare losses from any high point for LQDA.L and FLO5.L.
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Drawdown Indicators
| LQDA.L | FLO5.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.10% | -14.87% | -10.23% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -1.30% | -1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -7.94% | -2.44% | -5.50% |
Max Drawdown (5Y)Largest decline over 5 years | -25.10% | -2.44% | -22.66% |
Current DrawdownCurrent decline from peak | -2.85% | -0.47% | -2.38% |
Average DrawdownAverage peak-to-trough decline | -6.77% | -0.52% | -6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.30% | +0.92% |
Volatility
LQDA.L vs. FLO5.L - Volatility Comparison
The current volatility for iShares USD Corporate Bond UCITS ETF (Acc) (LQDA.L) is 1.42%, while iShares USD Floating Rate Bond UCITS ETF (FLO5.L) has a volatility of 1.81%. This indicates that LQDA.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
| LQDA.L | FLO5.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 1.81% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 3.86% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.59% | 4.46% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.52% | 5.15% | +3.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.13% | 5.86% | +3.27% |
LQDA.L vs. FLO5.L - Expense Ratio Comparison
LQDA.L has a 0.20% 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
LQDA.L vs. FLO5.L - Dividend Comparison
LQDA.L has not paid dividends to shareholders, while FLO5.L's dividend yield for the trailing twelve months is around 4.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLO5.L iShares USD Floating Rate Bond UCITS ETF | 4.64% | 5.11% | 5.98% | 5.63% | 1.47% | 0.59% | 1.73% | 3.00% | 2.16% | 0.48% |
LQDA.L iShares USD Corporate Bond UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LQDA.L and FLO5.L have a correlation of -0.10, 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 0.20% for LQDA.L.
Both ETFs track Bloomberg US Corp Bond TR USD. Their fees differ too: 0.20% for LQDA.L and 0.10% for FLO5.L.
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