XMBR.L vs. FLOA.L
XMBR.L (Xtrackers MSCI Brazil UCITS ETF 1C) and FLOA.L (iShares USD Floating Rate Bond UCITS ETF USD (Acc)) are both exchange-traded funds - XMBR.L is a Latin America Equities fund tracking the MSCI Brazil NR USD, while FLOA.L is a Corporate Bonds fund tracking the Bloomberg US Corp Bond TR USD. Both are passively managed. Over the past 5 years, XMBR.L returned 5.76%/yr vs 5.40%/yr for FLOA.L. At a 0.05 correlation, their price movements are largely independent. XMBR.L charges 0.65%/yr vs 0.10%/yr for FLOA.L.
Performance
XMBR.L vs. FLOA.L - Performance Comparison
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Different Trading Currencies
XMBR.L is traded in GBp, while FLOA.L is traded in USD. To make them comparable, the FLOA.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XMBR.L achieves a 9.05% return, which is significantly higher than FLOA.L's 2.45% return.
XMBR.L
- 1D
- -0.49%
- 1M
- -11.96%
- YTD
- 9.05%
- 6M
- 3.14%
- 1Y
- 34.54%
- 3Y*
- 8.46%
- 5Y*
- 5.76%
- 10Y*
- 8.80%
FLOA.L
- 1D
- 0.06%
- 1M
- 1.38%
- YTD
- 2.45%
- 6M
- 1.53%
- 1Y
- 6.04%
- 3Y*
- 3.08%
- 5Y*
- 5.40%
- 10Y*
- —
XMBR.L vs. FLOA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
XMBR.L Xtrackers MSCI Brazil UCITS ETF 1C | 9.05% | 38.26% | -28.61% | 25.42% | 25.85% | -17.12% | -21.96% | 20.39% | 1.13% |
FLOA.L iShares USD Floating Rate Bond UCITS ETF USD (Acc) | 2.45% | -2.50% | 8.28% | 1.29% | 13.40% | 1.37% | -2.10% | 0.21% | 11.32% |
Correlation
The correlation between XMBR.L and FLOA.L is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2018 | 0.05 |
The correlation between XMBR.L and FLOA.L shifts across timeframes, from -0.09 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XMBR.L vs. FLOA.L — Risk / Return Rank
XMBR.L
FLOA.L
XMBR.L vs. FLOA.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) and iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.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.
| XMBR.L | FLOA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.16 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.14 | 1.22 | +0.92 |
| Martin ratioReturn relative to average drawdown | 7.28 | 3.41 | +3.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XMBR.L | FLOA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 0.89 | +0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.62 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.43 | -0.34 |
Drawdowns
XMBR.L vs. FLOA.L - Drawdown Comparison
The maximum XMBR.L drawdown since its inception was -72.01%, which is greater than FLOA.L's maximum drawdown of -14.84%. Use the drawdown chart below to compare losses from any high point for XMBR.L and FLOA.L.
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Drawdown Indicators
| XMBR.L | FLOA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.01% | -14.84% | -57.17% |
Max Drawdown (1Y)Largest decline over 1 year | -16.06% | -4.92% | -11.14% |
Max Drawdown (3Y)Largest decline over 3 years | -29.72% | -9.58% | -20.14% |
Max Drawdown (5Y)Largest decline over 5 years | -30.62% | -14.84% | -15.78% |
Max Drawdown (10Y)Largest decline over 10 years | -53.50% | — | — |
Current DrawdownCurrent decline from peak | -16.06% | -3.15% | -12.91% |
Average DrawdownAverage peak-to-trough decline | -27.83% | -6.00% | -21.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.73% | 1.77% | +2.96% |
Volatility
XMBR.L vs. FLOA.L - Volatility Comparison
Xtrackers MSCI Brazil UCITS ETF 1C (XMBR.L) has a higher volatility of 5.57% compared to iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) at 1.90%. This indicates that XMBR.L's price experiences larger fluctuations and is considered to be riskier than FLOA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XMBR.L | FLOA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.57% | 1.90% | +3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 17.44% | 5.15% | +12.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.08% | 6.76% | +14.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.88% | 8.65% | +17.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.26% | 9.29% | +21.97% |
XMBR.L vs. FLOA.L - Expense Ratio Comparison
XMBR.L has a 0.65% expense ratio, which is higher than FLOA.L's 0.10% expense ratio.
Dividends
XMBR.L vs. FLOA.L - Dividend Comparison
Neither XMBR.L nor FLOA.L has paid dividends to shareholders.
Frequently Asked Questions
XMBR.L and FLOA.L have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLOA.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLOA.L is cheaper with a 0.10% expense ratio, compared with 0.65% for XMBR.L.
XMBR.L is categorized as Latin America Equities, while FLOA.L is Corporate Bonds. XMBR.L tracks MSCI Brazil NR USD, while FLOA.L tracks Bloomberg US Corp Bond TR USD. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.65% for XMBR.L and 0.10% for FLOA.L.
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