XFR.TO vs. FLOT
XFR.TO (iShares Floating Rate Index ETF) and FLOT (iShares Floating Rate Bond ETF) are both exchange-traded funds - XFR.TO is a Canadian Government Bonds fund tracking the Morningstar Can 1-5Y Core Bd GR CAD, while FLOT is a Corporate Bonds fund tracking the Bloomberg US Floating Rate Notes (<5 Y). Both are passively managed. Over the past 10 years, XFR.TO returned 2.24%/yr vs 3.78%/yr for FLOT. At a 0.01 correlation, their price movements are largely independent. XFR.TO charges 0.14%/yr vs 0.20%/yr for FLOT.
Performance
XFR.TO vs. FLOT - Performance Comparison
Loading charts...
Different Trading Currencies
XFR.TO is traded in CAD, while FLOT is traded in USD. To make them comparable, the FLOT values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XFR.TO achieves a 1.00% return, which is significantly lower than FLOT's 3.18% return. Over the past 10 years, XFR.TO has underperformed FLOT with an annualized return of 2.24%, while FLOT has yielded a comparatively higher 3.78% annualized return.
XFR.TO
- 1D
- -0.05%
- 1M
- 0.21%
- YTD
- 1.00%
- 6M
- 1.33%
- 1Y
- 2.96%
- 3Y*
- 3.98%
- 5Y*
- 3.20%
- 10Y*
- 2.24%
FLOT
- 1D
- 0.45%
- 1M
- 2.51%
- YTD
- 3.18%
- 6M
- 1.82%
- 1Y
- 6.26%
- 3Y*
- 6.88%
- 5Y*
- 7.18%
- 10Y*
- 3.78%
XFR.TO vs. FLOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XFR.TO iShares Floating Rate Index ETF | 1.00% | 3.33% | 4.57% | 5.29% | 1.82% | 0.15% | 0.98% | 2.23% | 1.16% | 1.46% |
FLOT iShares Floating Rate Bond ETF | 3.18% | 0.10% | 15.68% | 4.09% | 8.50% | -0.46% | -0.84% | -1.14% | 10.09% | -4.83% |
Correlation
The correlation between XFR.TO and FLOT is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2011 | 0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XFR.TO vs. FLOT — Risk / Return Rank
XFR.TO
FLOT
XFR.TO vs. FLOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Floating Rate Index ETF (XFR.TO) 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.
| XFR.TO | FLOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.77 | ||
| Sortino ratioReturn per unit of downside risk | +5.12 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.24 | +0.72 |
| Calmar ratioReturn relative to maximum drawdown | 29.79 | 1.73 | +28.06 |
| Martin ratioReturn relative to average drawdown | 88.61 | 4.94 | +83.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| XFR.TO | FLOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.12 | 1.35 | +2.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.92 | 1.13 | +2.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.22 | 0.52 | +0.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.62 | +0.57 |
Drawdowns
XFR.TO vs. FLOT - Drawdown Comparison
The maximum XFR.TO drawdown since its inception was -4.12%, smaller than the maximum FLOT drawdown of -14.58%. Use the drawdown chart below to compare losses from any high point for XFR.TO and FLOT.
Loading charts...
Drawdown Indicators
| XFR.TO | FLOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -14.58% | +10.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -3.63% | +3.53% |
Max Drawdown (3Y)Largest decline over 3 years | -0.30% | -5.15% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -0.30% | -5.15% | +4.85% |
Max Drawdown (10Y)Largest decline over 10 years | -4.12% | -12.96% | +8.84% |
Current DrawdownCurrent decline from peak | -0.05% | 0.00% | -0.05% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -3.95% | +3.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.27% | -1.24% |
Volatility
XFR.TO vs. FLOT - Volatility Comparison
The current volatility for iShares Floating Rate Index ETF (XFR.TO) is 0.18%, while iShares Floating Rate Bond ETF (FLOT) has a volatility of 0.82%. This indicates that XFR.TO 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.
Loading charts...
Volatility by Period
| XFR.TO | FLOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.82% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 0.48% | 3.49% | -3.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.72% | 4.66% | -3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.82% | 6.38% | -5.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.85% | 7.34% | -5.49% |
XFR.TO vs. FLOT - Expense Ratio Comparison
XFR.TO has a 0.14% expense ratio, which is lower than FLOT's 0.20% 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
XFR.TO vs. FLOT - Dividend Comparison
XFR.TO's dividend yield for the trailing twelve months is around 2.77%, 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% |
XFR.TO iShares Floating Rate Index ETF | 2.77% | 3.23% | 4.93% | 4.91% | 1.85% | 0.30% | 1.07% | 1.96% | 1.60% | 0.95% | 0.77% | 0.94% |
Frequently Asked Questions
XFR.TO and FLOT have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XFR.TO is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XFR.TO is cheaper with a 0.14% expense ratio, compared with 0.20% for FLOT.
XFR.TO is categorized as Canadian Government Bonds, while FLOT is Corporate Bonds. XFR.TO tracks Morningstar Can 1-5Y Core Bd GR CAD, while FLOT tracks Bloomberg US Floating Rate Notes (<5 Y). Their fees differ too: 0.14% for XFR.TO and 0.20% for FLOT.
Find the right allocation for XFR.TO and FLOT
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer