PFIG vs. FLOT
PFIG (Invesco Fundamental Investment Grade Corporate Bond ETF) and FLOT (iShares Floating Rate Bond ETF) are both Corporate Bonds funds - PFIG tracks the RAFI Bonds US Investment Grade 1-10 Index while FLOT tracks the Bloomberg US Floating Rate Notes (<5 Y). Both are passively managed. Over the past 10 years, PFIG returned 2.44%/yr vs 3.03%/yr for FLOT. At a 0.05 correlation, their price movements are largely independent. PFIG charges 0.22%/yr vs 0.20%/yr for FLOT.
Performance
PFIG vs. FLOT - Performance Comparison
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Returns By Period
In the year-to-date period, PFIG achieves a 0.19% return, which is significantly lower than FLOT's 1.89% return. Over the past 10 years, PFIG has underperformed FLOT with an annualized return of 2.44%, while FLOT has yielded a comparatively higher 3.03% annualized return.
PFIG
- 1D
- -0.19%
- 1M
- 0.10%
- YTD
- 0.19%
- 6M
- 0.30%
- 1Y
- 4.83%
- 3Y*
- 5.21%
- 5Y*
- 1.35%
- 10Y*
- 2.44%
FLOT
- 1D
- 0.04%
- 1M
- 0.51%
- YTD
- 1.89%
- 6M
- 2.21%
- 1Y
- 4.91%
- 3Y*
- 5.65%
- 5Y*
- 4.20%
- 10Y*
- 3.03%
PFIG vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PFIG Invesco Fundamental Investment Grade Corporate Bond ETF | 0.19% | 7.87% | 3.13% | 6.93% | -9.96% | -1.43% | 7.72% | 9.69% | -0.82% | 4.00% |
FLOT iShares Floating Rate Bond ETF | 1.89% | 4.91% | 6.53% | 6.43% | 1.28% | 0.45% | 0.87% | 3.97% | 1.48% | 1.65% |
Correlation
The correlation between PFIG and FLOT is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2011 | 0.05 |
The correlation between PFIG and FLOT shifts across timeframes, from 0.05 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PFIG vs. FLOT — Risk / Return Rank
PFIG
FLOT
PFIG vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) 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.
| PFIG | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.10 | ||
| Sortino ratioReturn per unit of downside risk | -9.78 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 3.31 | -2.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 11.42 | -8.92 |
| Martin ratioReturn relative to average drawdown | 8.20 | 106.82 | -98.62 |
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
| PFIG | FLOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 6.68 | -5.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 2.38 | -2.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.73 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.66 | -0.14 |
Drawdowns
PFIG vs. FLOT - Drawdown Comparison
The maximum PFIG drawdown since its inception was -15.58%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for PFIG and FLOT.
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Drawdown Indicators
| PFIG | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.58% | -13.54% | -2.04% |
Max Drawdown (1Y)Largest decline over 1 year | -1.94% | -0.43% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -3.52% | -1.57% | -1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -15.58% | -2.36% | -13.22% |
Max Drawdown (10Y)Largest decline over 10 years | -15.58% | -13.54% | -2.04% |
Current DrawdownCurrent decline from peak | -0.98% | 0.00% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -2.46% | -0.21% | -2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.59% | 0.05% | +0.54% |
Volatility
PFIG vs. FLOT - Volatility Comparison
Invesco Fundamental Investment Grade Corporate Bond ETF (PFIG) has a higher volatility of 0.92% compared to iShares Floating Rate Bond ETF (FLOT) at 0.18%. This indicates that PFIG's price experiences larger fluctuations and is considered to be riskier than FLOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFIG | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 0.18% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 2.19% | 0.62% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 0.74% | +2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.92% | 1.77% | +3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 4.15% | +1.09% |
PFIG vs. FLOT - Expense Ratio Comparison
PFIG has a 0.22% expense ratio, which is higher than FLOT's 0.20% 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
PFIG vs. FLOT - Dividend Comparison
PFIG's dividend yield for the trailing twelve months is around 4.40%, less than FLOT's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PFIG Invesco Fundamental Investment Grade Corporate Bond ETF | 4.40% | 4.15% | 4.12% | 3.54% | 2.58% | 3.34% | 2.81% | 2.92% | 2.88% | 2.54% | 2.58% | 2.57% |
Frequently Asked Questions
PFIG and FLOT have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PFIG has higher volatility (0.92%) compared to FLOT (0.18%). In terms of maximum drawdown, PFIG dropped -15.58% vs FLOT's -13.54%.
On 10-year performance, FLOT leads with 3.03% vs 2.44% for PFIG. On fees, FLOT is cheaper at 0.20% per year. On volatility, FLOT has been the lower-risk option at 0.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FLOT has performed better with a 3.03% return vs 2.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLOT is cheaper with a 0.20% expense ratio, compared with 0.22% for PFIG.
FLOT has the higher dividend yield at 4.53%, compared with 4.40% for PFIG.
PFIG tracks RAFI Bonds US Investment Grade 1-10 Index, while FLOT tracks Bloomberg US Floating Rate Notes (<5 Y). They also come from different issuers: Invesco and iShares. Their fees differ too: 0.22% for PFIG and 0.20% for FLOT.
FLOT currently has the higher Sharpe Ratio (6.68 vs 1.58), 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.
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