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USD=X vs. FLOT
Performance
Return for Risk
Drawdowns
Volatility

USD=X vs. FLOT

Last updated Jun 9, 2026

USD=X (USD Cash) is a currency, while FLOT (iShares Floating Rate Bond ETF) is Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index. Over the past 10 years, USD=X returned 0.00%/yr vs 3.03%/yr for FLOT.

Performance

USD=X vs. FLOT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USD Cash (USD=X) 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

USD=X

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
0.00%
3Y*
0.00%
5Y*
0.00%
10Y*
0.00%

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)

USD=X vs. FLOT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USD=X
USD Cash		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
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%

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USD Cash

iShares Floating Rate Bond ETF

Often compared with USD=X:
USD=X vs. UUPUSD=X vs. EUR=XUSD=X vs. XRP-USDUSD=X vs. BTC-USDUSD=X vs. QQQUSD=X vs. TSLAUSD=X vs. USDX
Often compared with FLOT:
FLOT vs. SGOVFLOT vs. USFRFLOT vs. FLTRFLOT vs. FLRNFLOT vs. FLOA.LFLOT vs. NEARFLOT vs. IUSB

Return for Risk

USD=X vs. FLOT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USD=X
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.

USD=X vs. FLOT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

USD=X vs. FLOT - Sharpe Ratio Comparison

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Sharpe Ratios by Period

USD=XFLOTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

6.54

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

2.38

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.73

—

Sharpe Ratio (All Time)

Calculated using the full available price history

—

0.66

—

Drawdowns

USD=X vs. FLOT - Drawdown Comparison

The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum FLOT drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for USD=X and FLOT.

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Drawdown Indicators

USD=XFLOTDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-13.54%

+13.54%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-0.43%

+0.43%

Max Drawdown (3Y)

Largest decline over 3 years

0.00%

-1.57%

+1.57%

Max Drawdown (5Y)

Largest decline over 5 years

0.00%

-2.36%

+2.36%

Max Drawdown (10Y)

Largest decline over 10 years

0.00%

-13.54%

+13.54%

Current Drawdown

Current decline from peak

0.00%

-0.02%

+0.02%

Average Drawdown

Average peak-to-trough decline

0.00%

-0.21%

+0.21%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

0.05%

-0.05%

Volatility

USD=X vs. FLOT - Volatility Comparison

The current volatility for USD Cash (USD=X) is 0.00%, while iShares Floating Rate Bond ETF (FLOT) has a volatility of 0.20%. This indicates that USD=X experiences smaller price fluctuations and is considered to be less risky 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

USD=XFLOTDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

0.20%

-0.20%

Volatility (6M)

Calculated over the trailing 6-month period

0.00%

0.62%

-0.62%

Volatility (1Y)

Calculated over the trailing 1-year period

0.00%

0.75%

-0.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.00%

1.77%

-1.77%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.00%

4.15%

-4.15%

Frequently Asked Questions

FLOT has higher volatility (0.20%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs FLOT's -13.54%.

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