VBCA vs. FLOT
VBCA (Vanguard Target Maturity 2027 Corporate Bond ETF) and FLOT (iShares Floating Rate Bond ETF) are both exchange-traded funds - VBCA is a Corporate Bonds fund tracking the ICE 2027 Maturity US Corporate Constrained Index, while FLOT is a Ultrashort Bond fund tracking the Bloomberg US Floating Rate Note < 5 Years Index. Both are passively managed. At a 0.25 correlation, their price movements are largely independent. VBCA charges 0.08%/yr vs 0.15%/yr for FLOT.
Performance
VBCA vs. FLOT - Performance Comparison
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Returns By Period
VBCA
- 1D
- -0.04%
- 1M
- 0.28%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FLOT
- 1D
- -0.02%
- 1M
- 0.31%
- YTD
- 2.01%
- 6M
- 2.15%
- 1Y
- 4.74%
- 3Y*
- 5.59%
- 5Y*
- 4.22%
- 10Y*
- 3.04%
VBCA vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
VBCA Vanguard Target Maturity 2027 Corporate Bond ETF | 1.03% |
FLOT iShares Floating Rate Bond ETF | 1.21% |
Correlation
The correlation between VBCA and FLOT is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.25 |
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Return for Risk
VBCA vs. FLOT — Risk / Return Rank
VBCA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FLOT
VBCA vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Target Maturity 2027 Corporate Bond ETF (VBCA) 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.
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.
| VBCA | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 3.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 11.03 | — |
| Martin ratioReturn relative to average drawdown | — | 102.10 | — |
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Drawdowns
VBCA vs. FLOT - Drawdown Comparison
The maximum VBCA drawdown since its inception was -0.19%, smaller than the maximum FLOT drawdown of -13.54%. Use the drawdown chart below to compare losses from any high point for VBCA and FLOT.
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Drawdown Indicators
| VBCA | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.19% | -13.54% | +13.35% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.43% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -2.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.54% | — |
Current DrawdownCurrent decline from peak | -0.05% | -0.02% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -0.21% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.05% | — |
Volatility
VBCA vs. FLOT - Volatility Comparison
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Volatility by Period
| VBCA | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.21% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.95% | 0.75% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.95% | 1.78% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.95% | 4.15% | -3.20% |
VBCA vs. FLOT - Expense Ratio Comparison
VBCA has a 0.08% expense ratio, which is lower than FLOT's 0.15% 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%.
Dividends
VBCA vs. FLOT - Dividend Comparison
VBCA's dividend yield for the trailing twelve months is around 0.42%, less than FLOT's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLOT iShares Floating Rate Bond ETF | 4.53% | 4.84% | 5.82% | 5.66% | 2.06% | 0.43% | 1.25% | 2.78% | 2.41% | 1.46% | 0.97% | 0.53% |
VBCA Vanguard Target Maturity 2027 Corporate Bond ETF | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VBCA and FLOT have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VBCA is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VBCA is cheaper with a 0.08% expense ratio, compared with 0.15% for FLOT.
FLOT has the higher dividend yield at 4.53%, compared with 0.42% for VBCA.
VBCA is categorized as Corporate Bonds, while FLOT is Ultrashort Bond. VBCA tracks ICE 2027 Maturity US Corporate Constrained Index, while FLOT tracks Bloomberg US Floating Rate Note < 5 Years Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.08% for VBCA and 0.15% for FLOT.
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