VUSC.L vs. FLOS.L
VUSC.L (Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist)) and FLOS.L (iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist)) are both exchange-traded funds - VUSC.L is a Corporate Bonds fund tracking the Bloomberg Global Aggregate Corporate – United States Dollar Index 1-3 Year, 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, VUSC.L returned 3.19%/yr vs 4.00%/yr for FLOS.L. At a correlation of -0.07, they often move in opposite directions. VUSC.L charges 0.09%/yr vs 0.12%/yr for FLOS.L.
Performance
VUSC.L vs. FLOS.L - Performance Comparison
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Different Trading Currencies
VUSC.L is traded in GBP, while FLOS.L is traded in GBp. To make them comparable, the FLOS.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, VUSC.L achieves a 1.30% return, which is significantly lower than FLOS.L's 2.34% return.
VUSC.L
- 1D
- 0.25%
- 1M
- -0.13%
- 6M
- 0.86%
- YTD
- 1.30%
- 1Y
- 3.77%
- 3Y*
- 4.29%
- 5Y*
- 3.19%
- 10Y*
- —
FLOS.L
- 1D
- -0.06%
- 1M
- 0.33%
- 6M
- 2.02%
- YTD
- 2.34%
- 1Y
- 4.51%
- 3Y*
- 5.40%
- 5Y*
- 4.00%
- 10Y*
- —
VUSC.L vs. FLOS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VUSC.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) | 1.30% | -1.33% | 7.18% | -0.33% | 7.69% | 1.08% | 0.03% | 2.11% | 6.04% |
FLOS.L iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) | 2.34% | 4.78% | 6.24% | 6.00% | 0.83% | 0.10% | 0.18% | 2.42% | -0.78% |
Correlation
The correlation between VUSC.L and FLOS.L is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 22, 2018 | -0.07 |
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Return for Risk
VUSC.L vs. FLOS.L — Risk / Return Rank
VUSC.L
FLOS.L
VUSC.L vs. FLOS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) (VUSC.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.
| VUSC.L | FLOS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.56 | ||
| Sortino ratioReturn per unit of downside risk | -6.51 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.98 | -0.87 |
| Calmar ratioReturn relative to maximum drawdown | 0.86 | 15.59 | -14.73 |
| Martin ratioReturn relative to average drawdown | 2.26 | 78.69 | -76.43 |
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Drawdowns
VUSC.L vs. FLOS.L - Drawdown Comparison
The maximum VUSC.L drawdown since its inception was -15.15%, roughly equal to the maximum FLOS.L drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for VUSC.L and FLOS.L.
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Drawdown Indicators
| VUSC.L | FLOS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.15% | -14.78% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -4.38% | -0.29% | -4.09% |
Max Drawdown (3Y)Largest decline over 3 years | -8.76% | -1.46% | -7.30% |
Max Drawdown (5Y)Largest decline over 5 years | -15.15% | -2.13% | -13.02% |
Current DrawdownCurrent decline from peak | -3.33% | -0.11% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -6.19% | -0.25% | -5.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.67% | 0.06% | +1.61% |
Volatility
VUSC.L vs. FLOS.L - Volatility Comparison
Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) (VUSC.L) has a higher volatility of 1.18% compared to iShares $ Floating Rate Bond UCITS ETF GBP Hedged (Dist) (FLOS.L) at 0.23%. This indicates that VUSC.L's price experiences larger fluctuations and is considered to be riskier 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
| VUSC.L | FLOS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 0.23% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 4.44% | 0.81% | +3.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.03% | 1.08% | +4.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.88% | 1.68% | +6.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.49% | 3.36% | +5.13% |
VUSC.L vs. FLOS.L - Expense Ratio Comparison
VUSC.L has a 0.09% expense ratio, which is lower than FLOS.L's 0.12% 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
VUSC.L vs. FLOS.L - Dividend Comparison
VUSC.L's dividend yield for the trailing twelve months is around 4.46%, less than FLOS.L's 4.68% yield.
| 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% |
VUSC.L Vanguard USD Corporate 1-3 Year Bond UCITS ETF USD (Dist) | 4.46% | 4.94% | 4.85% | 4.15% | 1.92% | 1.03% | 2.12% | 2.92% | 1.75% |
Frequently Asked Questions
VUSC.L and FLOS.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VUSC.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUSC.L is cheaper with a 0.09% expense ratio, compared with 0.12% for FLOS.L.
VUSC.L is categorized as Corporate Bonds, while FLOS.L is Ultra Short-Term Bonds. VUSC.L tracks Bloomberg Global Aggregate Corporate – United States Dollar Index 1-3 Year, while FLOS.L tracks Bloomberg US Floating Rate Note <5 Years Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.09% for VUSC.L and 0.12% for FLOS.L.
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