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SPYV vs. FLOT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPYV vs. FLOT

Last updated Jun 9, 2026

SPYV (SPDR Portfolio S&P 500 Value ETF) and FLOT (iShares Floating Rate Bond ETF) are both exchange-traded funds - SPYV is a S&P 500 fund tracking the S&P 500 Value Index, while FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index. Both are passively managed. Over the past 10 years, SPYV returned 11.83%/yr vs 3.03%/yr for FLOT. At a 0.13 correlation, their price movements are largely independent. SPYV charges 0.04%/yr vs 0.15%/yr for FLOT.

Performance

SPYV vs. FLOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR Portfolio S&P 500 Value ETF (SPYV) and iShares Floating Rate Bond ETF (FLOT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SPYV achieves a 6.98% return, which is significantly higher than FLOT's 1.87% return. Over the past 10 years, SPYV has outperformed FLOT with an annualized return of 11.83%, while FLOT has yielded a comparatively lower 3.03% annualized return.

SPYV

1D
-0.23%
1M
0.75%
YTD
6.98%
6M
7.88%
1Y
20.07%
3Y*
15.23%
5Y*
10.75%
10Y*
11.83%

FLOT

1D
0.00%
1M
0.41%
YTD
1.87%
6M
2.15%
1Y
4.85%
3Y*
5.60%
5Y*
4.20%
10Y*
3.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYV vs. FLOT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPYV
SPDR Portfolio S&P 500 Value ETF		6.98%13.18%12.24%22.20%-5.28%24.91%1.38%31.70%-9.01%15.40%
FLOT
iShares Floating Rate Bond ETF		1.87%4.91%6.53%6.43%1.28%0.45%0.87%3.97%1.48%1.65%

Correlation

The correlation between SPYV and FLOT is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.30

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

0.29

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

0.28

Correlation (10Y)
Calculated over the trailing 10-year period

0.17

Correlation (All Time)
Calculated using the full available price history since Jun 17, 2011

0.13

The correlation between SPYV and FLOT shifts across timeframes, from 0.13 (all time) to 0.30 (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.

SPDR Portfolio S&P 500 Value ETF

iShares Floating Rate Bond ETF

Often compared with SPYV:
SPYV vs. SPYGSPYV vs. VTVSPYV vs. SPYSPYV vs. SCHDSPYV vs. BRK-BSPYV vs. SPHQSPYV vs. SPYD
Often compared with FLOT:
FLOT vs. SGOVFLOT vs. USFRFLOT vs. FLTRFLOT vs. FLRNFLOT vs. FLOA.LFLOT vs. NEARFLOT vs. IUSB

Return for Risk

SPYV vs. FLOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPYV
SPYV Risk / Return Rank: 7070
Overall Rank
SPYV Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
SPYV Sortino Ratio Rank: 7070
Sortino Ratio Rank
SPYV Omega Ratio Rank: 6868
Omega Ratio Rank
SPYV Calmar Ratio Rank: 7171
Calmar Ratio Rank
SPYV Martin Ratio Rank: 7373
Martin Ratio Rank
FLOT
FLOT Risk / Return Rank: 9999
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: 9898
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.

SPYV vs. FLOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) 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.

SPYVFLOTDifference
Sharpe ratioReturn per unit of total volatility
2.04
6.54

-4.50

Sortino ratioReturn per unit of downside risk
2.86
11.79

-8.93

Omega ratioGain probability vs. loss probability

1.36

3.22

-1.86

Calmar ratioReturn relative to maximum drawdown

3.24

11.27

-8.03

Martin ratioReturn relative to average drawdown

12.39

104.83

-92.44

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYV vs. FLOT - Sharpe Ratio Comparison

The current SPYV Sharpe Ratio is 2.04, which is lower than the FLOT Sharpe Ratio of 6.54. The chart below compares the historical Sharpe Ratios of SPYV 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.

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Sharpe Ratios by Period

SPYVFLOTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.04

6.54

-4.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

2.38

-1.63

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.70

0.73

-0.03

Sharpe Ratio (All Time)

Calculated using the full available price history

0.42

0.66

-0.24

Drawdowns

SPYV vs. FLOT - Drawdown Comparison

The maximum SPYV drawdown since its inception was -58.45%, which is greater than FLOT's maximum drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for SPYV and FLOT.

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Drawdown Indicators

SPYVFLOTDifference

Max Drawdown

Largest peak-to-trough decline

-58.45%

-13.54%

-44.91%

Max Drawdown (1Y)

Largest decline over 1 year

-6.22%

-0.43%

-5.79%

Max Drawdown (3Y)

Largest decline over 3 years

-17.54%

-1.57%

-15.97%

Max Drawdown (5Y)

Largest decline over 5 years

-17.89%

-2.36%

-15.53%

Max Drawdown (10Y)

Largest decline over 10 years

-36.89%

-13.54%

-23.35%

Current Drawdown

Current decline from peak

-1.35%

-0.02%

-1.33%

Average Drawdown

Average peak-to-trough decline

-8.71%

-0.21%

-8.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.62%

0.05%

+1.57%

Volatility

SPYV vs. FLOT - Volatility Comparison

SPDR Portfolio S&P 500 Value ETF (SPYV) has a higher volatility of 2.28% compared to iShares Floating Rate Bond ETF (FLOT) at 0.20%. This indicates that SPYV'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

SPYVFLOTDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.28%

0.20%

+2.08%

Volatility (6M)

Calculated over the trailing 6-month period

7.18%

0.62%

+6.56%

Volatility (1Y)

Calculated over the trailing 1-year period

9.91%

0.75%

+9.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.41%

1.77%

+12.64%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.95%

4.15%

+12.80%

SPYV vs. FLOT - Expense Ratio Comparison

SPYV has a 0.04% expense ratio, which is lower than FLOT's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

SPYV vs. FLOT - Dividend Comparison

SPYV's dividend yield for the trailing twelve months is around 1.70%, less than FLOT's 4.54% yield.

PositionTTM20252024202320222021202020192018201720162015
FLOT
iShares Floating Rate Bond ETF		4.54%4.84%5.82%5.66%2.06%0.43%1.25%2.78%2.41%1.46%0.97%0.53%
SPYV
SPDR Portfolio S&P 500 Value ETF		1.70%1.77%2.29%1.75%2.22%2.10%2.38%2.25%2.97%2.77%2.39%2.53%

Frequently Asked Questions

SPYV and FLOT have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SPYV has higher volatility (2.28%) compared to FLOT (0.20%). In terms of maximum drawdown, SPYV dropped -58.45% vs FLOT's -13.54%.

On 10-year performance, SPYV leads with 11.83% vs 3.03% for FLOT. On fees, SPYV is cheaper at 0.04% per year. On volatility, FLOT has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SPYV has performed better with a 11.83% return vs 3.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPYV is cheaper with a 0.04% expense ratio, compared with 0.15% for FLOT.

FLOT has the higher dividend yield at 4.54%, compared with 1.70% for SPYV.

SPYV is categorized as S&P 500, while FLOT is Ultrashort Bond. SPYV tracks S&P 500 Value Index, while FLOT tracks Bloomberg US Floating Rate Note < 5 Years Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.04% for SPYV and 0.15% for FLOT.

FLOT currently has the higher Sharpe Ratio (6.54 vs 2.04), 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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