PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
NUSIX vs. FLOT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

NUSIX vs. FLOT

Last updated Jun 23, 2026

NUSIX (Navigator Ultra Short Term Bond Fund) and FLOT (iShares Floating Rate Bond ETF) are both Ultrashort Bond funds. Over the past 5 years, NUSIX returned 3.70%/yr vs 4.22%/yr for FLOT. At a 0.08 correlation, their price movements are largely independent. NUSIX charges 0.71%/yr vs 0.15%/yr for FLOT.

Performance

NUSIX vs. FLOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Navigator Ultra Short Term Bond Fund (NUSIX) and iShares Floating Rate Bond ETF (FLOT). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, NUSIX achieves a 1.66% return, which is significantly lower than FLOT's 2.03% return.

NUSIX

1D
0.00%
1M
0.30%
YTD
1.66%
6M
1.76%
1Y
4.16%
3Y*
5.01%
5Y*
3.70%
10Y*
—

FLOT

1D
0.02%
1M
0.33%
YTD
2.03%
6M
2.19%
1Y
4.78%
3Y*
5.60%
5Y*
4.22%
10Y*
3.04%
*Multi-year figures are annualized to reflect compound growth (CAGR)

NUSIX vs. FLOT - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
NUSIX
Navigator Ultra Short Term Bond Fund		1.66%4.63%5.54%5.64%1.14%0.36%1.49%1.60%
FLOT
iShares Floating Rate Bond ETF		2.03%4.91%6.53%6.43%1.28%0.45%0.87%1.87%

Correlation

The correlation between NUSIX and FLOT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.14

Correlation (3Y)
Calculated over the trailing 3-year period

0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.09

Correlation (All Time)
Calculated using the full available price history since May 6, 2019

0.08

The correlation between NUSIX and FLOT shifts across timeframes, from 0.02 (3 years) to 0.14 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Navigator Ultra Short Term Bond Fund

iShares Floating Rate Bond ETF

Often compared with NUSIX:
NUSIX vs. SRLNNUSIX vs. IGSBNUSIX vs. MINTNUSIX vs. ISTBNUSIX vs. CVXNUSIX vs. STIPNUSIX vs. GLDM
Often compared with FLOT:
FLOT vs. SGOVFLOT vs. USFRFLOT vs. FLTRFLOT vs. FLRNFLOT vs. FLOA.LFLOT vs. NEARFLOT vs. IUSB

Return for Risk

NUSIX vs. FLOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
NUSIX
NUSIX Risk / Return Rank: 100100
Overall Rank
NUSIX Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
NUSIX Sortino Ratio Rank: 100100
Sortino Ratio Rank
NUSIX Omega Ratio Rank: 100100
Omega Ratio Rank
NUSIX Calmar Ratio Rank: 100100
Calmar Ratio Rank
NUSIX Martin Ratio Rank: 100100
Martin Ratio Rank
FLOT
FLOT Risk / Return Rank: 9898
Overall Rank
FLOT Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
FLOT Sortino Ratio Rank: 9999
Sortino Ratio Rank
FLOT Omega Ratio Rank: 9999
Omega Ratio Rank
FLOT Calmar Ratio Rank: 9797
Calmar Ratio Rank
FLOT Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NUSIX vs. FLOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Navigator Ultra Short Term Bond Fund (NUSIX) 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.

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.

NUSIXFLOTDifference
Sharpe ratioReturn per unit of total volatility
6.80
6.42

+0.38

Sortino ratioReturn per unit of downside risk
28.33
11.58

+16.76

Omega ratioGain probability vs. loss probability

18.48

3.15

+15.33

Calmar ratioReturn relative to maximum drawdown

42.21

11.13

+31.08

Martin ratioReturn relative to average drawdown

329.78

103.02

+226.76

NUSIX vs. FLOT - Sharpe Ratio Comparison

The current NUSIX Sharpe Ratio is 6.80, which is comparable to the FLOT Sharpe Ratio of 6.42. The chart below compares the historical Sharpe Ratios of NUSIX and FLOT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

NUSIX vs. FLOT - Drawdown Comparison

The maximum NUSIX drawdown since its inception was -2.69%, smaller than the maximum FLOT drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for NUSIX and FLOT.

Loading charts...

Drawdown Indicators

NUSIXFLOTDifference

Max Drawdown

Largest peak-to-trough decline

-2.69%

-13.54%

+10.85%

Max Drawdown (1Y)

Largest decline over 1 year

-0.10%

-0.43%

+0.33%

Max Drawdown (3Y)

Largest decline over 3 years

-0.10%

-1.57%

+1.47%

Max Drawdown (5Y)

Largest decline over 5 years

-0.80%

-2.36%

+1.56%

Max Drawdown (10Y)

Largest decline over 10 years

—

-13.54%

—

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-0.08%

-0.21%

+0.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.01%

0.05%

-0.04%

Volatility

NUSIX vs. FLOT - Volatility Comparison

The current volatility for Navigator Ultra Short Term Bond Fund (NUSIX) is 0.16%, while iShares Floating Rate Bond ETF (FLOT) has a volatility of 0.21%. This indicates that NUSIX experiences smaller price fluctuations and is considered to be less risky than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

NUSIXFLOTDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.16%

0.21%

-0.05%

Volatility (6M)

Calculated over the trailing 6-month period

0.42%

0.63%

-0.21%

Volatility (1Y)

Calculated over the trailing 1-year period

0.61%

0.75%

-0.14%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.77%

1.78%

-1.01%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.83%

4.15%

-3.32%

NUSIX vs. FLOT - Expense Ratio Comparison

NUSIX has a 0.71% expense ratio, which is higher than FLOT's 0.15% expense ratio.

Dividends

NUSIX vs. FLOT - Dividend Comparison

NUSIX's dividend yield for the trailing twelve months is around 4.16%, less than FLOT's 4.53% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
NUSIX
Navigator Ultra Short Term Bond Fund		4.16%4.25%5.23%4.92%1.74%0.66%1.08%1.99%0.00%0.00%0.00%0.00%

Frequently Asked Questions

NUSIX and FLOT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FLOT has higher volatility (0.21%) compared to NUSIX (0.16%). In terms of maximum drawdown, NUSIX dropped -2.69% vs FLOT's -13.54%.

NUSIX currently has the higher Sharpe Ratio (6.80 vs 6.42), 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.

Portfolio Optimizer

Find the right allocation for NUSIX and FLOT

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer