UCRP.L vs. FLOT.L
UCRP.L (Amundi Index US Corporate SRI UCITS ETF DR (C)) and FLOT.L (iShares $ Floating Rate Bond UCITS ETF USD (Dist)) are both exchange-traded funds - UCRP.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while FLOT.L is a Ultra Short-Term Bonds fund tracking the Bloomberg US Floating Rate Note <5 Years Index. Both are passively managed. Over the past 5 years, UCRP.L returned 0.66%/yr vs 4.77%/yr for FLOT.L. At a 0.47 correlation, their price movements are largely independent. UCRP.L charges 0.14%/yr vs 0.10%/yr for FLOT.L.
Performance
UCRP.L vs. FLOT.L - Performance Comparison
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Different Trading Currencies
UCRP.L is traded in GBp, while FLOT.L is traded in USD. To make them comparable, the FLOT.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, UCRP.L achieves a -0.10% return, which is significantly lower than FLOT.L's 2.35% return.
UCRP.L
- 1D
- -0.13%
- 1M
- -0.67%
- 6M
- -0.62%
- YTD
- -0.10%
- 1Y
- 4.59%
- 3Y*
- 3.87%
- 5Y*
- 0.66%
- 10Y*
- —
FLOT.L
- 1D
- 0.43%
- 1M
- 0.04%
- 6M
- 1.45%
- YTD
- 2.35%
- 1Y
- 4.30%
- 3Y*
- 4.56%
- 5Y*
- 4.77%
- 10Y*
- —
UCRP.L vs. FLOT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UCRP.L Amundi Index US Corporate SRI UCITS ETF DR (C) | -0.10% | 0.44% | 3.64% | 2.29% | -5.01% | -0.35% | -19.86% | 14.52% | 1.28% |
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 2.35% | -2.30% | 8.24% | 0.74% | 13.98% | 1.55% | -2.36% | 0.22% | 6.69% |
Correlation
The correlation between UCRP.L and FLOT.L is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since May 15, 2018 | 0.47 |
The correlation between UCRP.L and FLOT.L shifts across timeframes, from 0.47 (all time) to 0.60 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UCRP.L vs. FLOT.L — Risk / Return Rank
UCRP.L
FLOT.L
UCRP.L vs. FLOT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Index US Corporate SRI UCITS ETF DR (C) (UCRP.L) and iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.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.
| UCRP.L | FLOT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.11 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 0.87 | +0.06 |
| Martin ratioReturn relative to average drawdown | 2.13 | 2.39 | -0.26 |
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Drawdowns
UCRP.L vs. FLOT.L - Drawdown Comparison
The maximum UCRP.L drawdown since its inception was -29.61%, which is greater than FLOT.L's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for UCRP.L and FLOT.L.
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Drawdown Indicators
| UCRP.L | FLOT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.61% | -14.78% | -14.83% |
Max Drawdown (1Y)Largest decline over 1 year | -4.65% | -4.95% | +0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -9.46% | -10.67% |
Max Drawdown (5Y)Largest decline over 5 years | -20.13% | -14.78% | -5.35% |
Current DrawdownCurrent decline from peak | -21.08% | -2.96% | -18.12% |
Average DrawdownAverage peak-to-trough decline | -18.66% | -5.87% | -12.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.79% | +0.22% |
Volatility
UCRP.L vs. FLOT.L - Volatility Comparison
Amundi Index US Corporate SRI UCITS ETF DR (C) (UCRP.L) and iShares $ Floating Rate Bond UCITS ETF USD (Dist) (FLOT.L) have volatilities of 2.02% and 2.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCRP.L | FLOT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.02% | 2.06% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 4.54% | 5.08% | -0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 6.65% | -0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.59% | 8.85% | +7.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.29% | 9.09% | +7.20% |
UCRP.L vs. FLOT.L - Expense Ratio Comparison
UCRP.L has a 0.14% expense ratio, which is higher than FLOT.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
UCRP.L vs. FLOT.L - Dividend Comparison
UCRP.L has not paid dividends to shareholders, while FLOT.L's dividend yield for the trailing twelve months is around 4.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLOT.L iShares $ Floating Rate Bond UCITS ETF USD (Dist) | 4.68% | 5.02% | 6.05% | 5.50% | 1.45% | 0.60% | 1.59% | 2.91% | 2.21% | 0.46% |
UCRP.L Amundi Index US Corporate SRI UCITS ETF DR (C) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UCRP.L and FLOT.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOT.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOT.L is cheaper with a 0.10% expense ratio, compared with 0.14% for UCRP.L.
UCRP.L is categorized as Corporate Bonds, while FLOT.L is Ultra Short-Term Bonds. UCRP.L tracks Bloomberg US Corp Bond TR USD, while FLOT.L tracks Bloomberg US Floating Rate Note <5 Years Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.14% for UCRP.L and 0.10% for FLOT.L.
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