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U03A.L vs. FLO5.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

U03A.L vs. FLO5.L

Last updated Apr 2, 2026

Compare and contrast key facts about iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) and iShares USD Floating Rate Bond UCITS ETF (FLO5.L).

U03A.L and FLO5.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. U03A.L is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on Oct 7, 2024. FLO5.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Corp Bond TR USD. It was launched on Jul 10, 2017. Both U03A.L and FLO5.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

U03A.L vs. FLO5.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) and iShares USD Floating Rate Bond UCITS ETF (FLO5.L). The values are adjusted to include any dividend payments, if applicable.

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U03A.L vs. FLO5.L - Yearly Performance Comparison

2026 (YTD)20252024
U03A.L
iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc)		0.84%4.22%1.33%
FLO5.L
iShares USD Floating Rate Bond UCITS ETF		0.80%5.28%1.17%
Different Trading Currencies

U03A.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

The year-to-date returns for both stocks are quite close, with U03A.L having a 0.84% return and FLO5.L slightly lower at 0.80%.

U03A.L

1D
-0.01%
1M
0.31%
YTD
0.84%
6M
1.87%
1Y
4.09%
3Y*
—
5Y*
—
10Y*
—

FLO5.L

1D
-0.06%
1M
-0.15%
YTD
0.80%
6M
1.92%
1Y
4.61%
3Y*
6.01%
5Y*
4.03%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc)

iShares USD Floating Rate Bond UCITS ETF

Often compared with U03A.L:
U03A.L vs. SGOVU03A.L vs. IB01.LU03A.L vs. IBTAU03A.L vs. IBTA.LU03A.L vs. TRE7.LU03A.L vs. STYC.LU03A.L vs. ERNS.L
Often compared with FLO5.L:
FLO5.L vs. GLT5.LFLO5.L vs. CB5.LFLO5.L vs. ERNS.LFLO5.L vs. FLOTFLO5.L vs. IBTAFLO5.L vs. TRE7.LFLO5.L vs. STYC.L

U03A.L vs. FLO5.L - Expense Ratio Comparison

U03A.L has a 0.07% expense ratio, which is lower than FLO5.L's 0.10% 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%.

FLO5.L
iShares USD Floating Rate Bond UCITS ETF
U03A.L
iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc)

Return for Risk

U03A.L vs. FLO5.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
U03A.L
U03A.L Risk / Return Rank: 9999
Overall Rank
U03A.L Sharpe Ratio Rank: 9999
Sharpe Ratio Rank
U03A.L Sortino Ratio Rank: 9999
Sortino Ratio Rank
U03A.L Omega Ratio Rank: 9999
Omega Ratio Rank
U03A.L Calmar Ratio Rank: 100100
Calmar Ratio Rank
U03A.L Martin Ratio Rank: 9999
Martin Ratio Rank
FLO5.L
FLO5.L Risk / Return Rank: 1616
Overall Rank
FLO5.L Sharpe Ratio Rank: 1717
Sharpe Ratio Rank
FLO5.L Sortino Ratio Rank: 1515
Sortino Ratio Rank
FLO5.L Omega Ratio Rank: 1515
Omega Ratio Rank
FLO5.L Calmar Ratio Rank: 1919
Calmar Ratio Rank
FLO5.L Martin Ratio Rank: 1616
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.

U03A.L vs. FLO5.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.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.

U03A.LFLO5.LDifference

Sharpe ratio

Return per unit of total volatility

8.03

1.04

+6.99

Sortino ratio

Return per unit of downside risk

17.03

1.57

+15.46

Omega ratio

Gain probability vs. loss probability

4.14

1.19

+2.96

Calmar ratio

Return relative to maximum drawdown

42.66

4.31

+38.35

Martin ratio

Return relative to average drawdown

224.07

15.08

+208.99

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

U03A.L vs. FLO5.L - Sharpe Ratio Comparison

The current U03A.L Sharpe Ratio is 8.03, which is higher than the FLO5.L Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of U03A.L and FLO5.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

U03A.LFLO5.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

8.03

1.04

+6.99

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.83

—

Sharpe Ratio (All Time)

Calculated using the full available price history

4.81

0.56

+4.25

Correlation

The correlation between U03A.L and FLO5.L is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

U03A.L vs. FLO5.L - Dividend Comparison

U03A.L has not paid dividends to shareholders, while FLO5.L's dividend yield for the trailing twelve months is around 5.01%.

TTM202520242023202220212020201920182017
U03A.L
iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc)		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
FLO5.L
iShares USD Floating Rate Bond UCITS ETF		5.01%5.11%5.98%5.63%1.47%0.59%1.73%3.00%2.16%0.48%

Drawdowns

U03A.L vs. FLO5.L - Drawdown Comparison

The maximum U03A.L drawdown since its inception was -0.83%, smaller than the maximum FLO5.L drawdown of -14.87%. Use the drawdown chart below to compare losses from any high point for U03A.L and FLO5.L.

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Drawdown Indicators

U03A.LFLO5.LDifference

Max Drawdown

Largest peak-to-trough decline

-0.83%

-14.02%

+13.19%

Max Drawdown (1Y)

Largest decline over 1 year

-0.10%

-5.65%

+5.55%

Max Drawdown (5Y)

Largest decline over 5 years

—

-14.02%

—

Current Drawdown

Current decline from peak

-0.01%

-3.46%

+3.45%

Average Drawdown

Average peak-to-trough decline

-0.02%

-5.73%

+5.71%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.02%

2.93%

-2.91%

Volatility

U03A.L vs. FLO5.L - Volatility Comparison

The current volatility for iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) is 0.10%, while iShares USD Floating Rate Bond UCITS ETF (FLO5.L) has a volatility of 1.66%. This indicates that U03A.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

U03A.LFLO5.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.10%

1.66%

-1.56%

Volatility (6M)

Calculated over the trailing 6-month period

0.33%

3.02%

-2.69%

Volatility (1Y)

Calculated over the trailing 1-year period

0.51%

4.42%

-3.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.92%

4.85%

-3.93%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.92%

5.75%

-4.83%