USIC.L vs. FLOS.L
USIC.L (Lyxor ESG USD Corporate Bond (DR) UCITS ETF - Acc) and FLOS.L (iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - USIC.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD, while FLOS.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, USIC.L returned 0.05%/yr vs 3.58%/yr for FLOS.L. At a 0.26 correlation, their price movements are largely independent. USIC.L charges 0.14%/yr vs 0.12%/yr for FLOS.L.
Performance
USIC.L vs. FLOS.L - Performance Comparison
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Different Trading Currencies
USIC.L is traded in USD, while FLOS.L is traded in GBp. To make them comparable, the FLOS.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, USIC.L achieves a -0.20% return, which is significantly lower than FLOS.L's 2.53% return.
USIC.L
- 1D
- 0.20%
- 1M
- -0.59%
- 6M
- -0.39%
- YTD
- -0.20%
- 1Y
- 4.65%
- 3Y*
- 4.65%
- 5Y*
- 0.05%
- 10Y*
- —
FLOS.L
- 1D
- -0.41%
- 1M
- 0.68%
- 6M
- 2.84%
- YTD
- 2.53%
- 1Y
- 5.02%
- 3Y*
- 6.49%
- 5Y*
- 3.58%
- 10Y*
- —
USIC.L vs. FLOS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
USIC.L Lyxor ESG USD Corporate Bond (DR) UCITS ETF - Acc | -0.20% | 7.41% | 2.38% | 8.08% | -15.02% | -0.30% |
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 2.53% | 12.69% | 4.47% | 11.59% | -9.95% | -2.73% |
Correlation
The correlation between USIC.L and FLOS.L is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2021 | 0.26 |
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Return for Risk
USIC.L vs. FLOS.L — Risk / Return Rank
USIC.L
FLOS.L
USIC.L vs. FLOS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor ESG USD Corporate Bond (DR) UCITS ETF - Acc (USIC.L) and iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.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.
| USIC.L | FLOS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.13 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 1.11 | +0.49 |
| Martin ratioReturn relative to average drawdown | 4.82 | 2.60 | +2.22 |
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Drawdowns
USIC.L vs. FLOS.L - Drawdown Comparison
The maximum USIC.L drawdown since its inception was -21.41%, smaller than the maximum FLOS.L drawdown of -30.24%. Use the drawdown chart below to compare losses from any high point for USIC.L and FLOS.L.
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Drawdown Indicators
| USIC.L | FLOS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.41% | -30.24% | +8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -4.48% | +1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -5.87% | -7.75% | +1.88% |
Max Drawdown (5Y)Largest decline over 5 years | -21.41% | -23.39% | +1.98% |
Current DrawdownCurrent decline from peak | -1.27% | -0.73% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -6.48% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 1.93% | -0.99% |
Volatility
USIC.L vs. FLOS.L - Volatility Comparison
The current volatility for Lyxor ESG USD Corporate Bond (DR) UCITS ETF - Acc (USIC.L) is 1.17%, while iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.L) has a volatility of 1.69%. This indicates that USIC.L experiences smaller price fluctuations and is considered to be less risky than FLOS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USIC.L | FLOS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.17% | 1.69% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 3.54% | 5.23% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.65% | 6.80% | -2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.59% | 8.72% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.58% | 9.62% | -1.04% |
USIC.L vs. FLOS.L - Expense Ratio Comparison
USIC.L has a 0.14% expense ratio, which is higher than FLOS.L's 0.12% 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
USIC.L vs. FLOS.L - Dividend Comparison
USIC.L has not paid dividends to shareholders, while FLOS.L's dividend yield for the trailing twelve months is around 4.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 4.68% | 5.02% | 5.93% | 5.46% | 1.50% | 0.57% | 1.62% | 2.95% | 2.27% |
USIC.L Lyxor ESG USD Corporate Bond (DR) UCITS ETF - Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
USIC.L and FLOS.L have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOS.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOS.L is cheaper with a 0.12% expense ratio, compared with 0.14% for USIC.L.
USIC.L is categorized as Corporate Bonds, while FLOS.L is Ultra Short-Term Bonds. USIC.L tracks Bloomberg US Corp Bond TR USD, while FLOS.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 USIC.L and 0.12% for FLOS.L.
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