USCR.L vs. FLOA.L
USCR.L (SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF) and FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) are both Corporate Bonds funds tracking the Bloomberg US Corp Bond TR USD, from State Street and iShares respectively. Both are passively managed. Over the past 5 years, USCR.L returned 0.37%/yr vs 4.28%/yr for FLOA.L. At a 0.03 correlation, their price movements are largely independent. USCR.L charges 0.15%/yr vs 0.10%/yr for FLOA.L.
Performance
USCR.L vs. FLOA.L - Performance Comparison
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Returns By Period
In the year-to-date period, USCR.L achieves a 0.18% return, which is significantly lower than FLOA.L's 2.04% return.
USCR.L
- 1D
- 0.26%
- 1M
- 0.46%
- YTD
- 0.18%
- 6M
- 0.76%
- 1Y
- 5.65%
- 3Y*
- 5.01%
- 5Y*
- 0.37%
- 10Y*
- —
FLOA.L
- 1D
- 0.06%
- 1M
- 0.46%
- YTD
- 2.04%
- 6M
- 2.24%
- 1Y
- 5.02%
- 3Y*
- 5.73%
- 5Y*
- 4.28%
- 10Y*
- —
USCR.L vs. FLOA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
USCR.L SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF | 0.18% | 7.70% | 2.19% | 8.02% | -15.48% | -1.86% | 2.28% |
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 2.04% | 4.98% | 6.42% | 6.62% | 1.35% | 0.42% | 0.19% |
Correlation
The correlation between USCR.L and FLOA.L is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2020 | 0.03 |
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Return for Risk
USCR.L vs. FLOA.L — Risk / Return Rank
USCR.L
FLOA.L
USCR.L vs. FLOA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.L) and iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.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.
| USCR.L | FLOA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.82 | ||
| Sortino ratioReturn per unit of downside risk | -5.10 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 2.07 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 10.50 | -8.55 |
| Martin ratioReturn relative to average drawdown | 5.91 | 55.93 | -50.02 |
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
| USCR.L | FLOA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 4.02 | -2.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 2.16 | -2.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.79 | -0.76 |
Drawdowns
USCR.L vs. FLOA.L - Drawdown Comparison
The maximum USCR.L drawdown since its inception was -22.42%, which is greater than FLOA.L's maximum drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for USCR.L and FLOA.L.
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Drawdown Indicators
| USCR.L | FLOA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.42% | -14.96% | -7.46% |
Max Drawdown (1Y)Largest decline over 1 year | -2.89% | -0.48% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -6.13% | -1.74% | -4.39% |
Max Drawdown (5Y)Largest decline over 5 years | -22.42% | -2.53% | -19.89% |
Current DrawdownCurrent decline from peak | -1.21% | -0.06% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -0.22% | -8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.09% | +0.86% |
Volatility
USCR.L vs. FLOA.L - Volatility Comparison
SPDR Bloomberg SASB U.S. Corporate ESG UCITS ETF (USCR.L) has a higher volatility of 1.68% compared to iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) at 0.49%. This indicates that USCR.L's price experiences larger fluctuations and is considered to be riskier than FLOA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USCR.L | FLOA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.68% | 0.49% | +1.19% |
Volatility (6M)Calculated over the trailing 6-month period | 3.58% | 1.13% | +2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 1.24% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.18% | 1.98% | +5.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.99% | 4.27% | +2.72% |
USCR.L vs. FLOA.L - Expense Ratio Comparison
USCR.L has a 0.15% expense ratio, which is higher than FLOA.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
USCR.L vs. FLOA.L - Dividend Comparison
Neither USCR.L nor FLOA.L has paid dividends to shareholders.
Frequently Asked Questions
USCR.L and FLOA.L have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOA.L is cheaper with a 0.10% expense ratio, compared with 0.15% for USCR.L.
Both ETFs track Bloomberg US Corp Bond TR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for USCR.L and 0.10% for FLOA.L.
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