FLOT — iShares Floating Rate Bond ETF

Overview

The iShares Floating Rate Bond ETF, trading under the ticker FLOT, operates within the Ultra-Short / Cash category managed by the issuer iShares. With assets under management totaling $9.97 billion and a share price of $50.95, the fund demonstrates significant investor adoption relative to its category peers. It holds an overall rank of #95 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 54.3 out of 100. The fund charges an expense ratio of 0.15% while offering a dividend yield of 4.53%. This combination of substantial assets and a moderate yield suggests a focus on capital preservation and income generation within the ultra-short duration space. The fund is one of four ETFs tracked in its specific category, positioning it as a mid-tier option among its direct competitors.

Over the last trading day, the fund recorded a flat return of 0.00%, followed by a weekly gain of +0.14%. Monthly performance accelerated to +0.38%, extending to a three-month return of +0.93% and a six-month return of +1.86%. Year-to-date gains stand at +1.90%, while the one-year return reached +4.37%. The three-year annualized return shows a significantly higher figure of +17.17%, indicating a divergence between recent short-term momentum and longer-term accumulation. This pattern suggests that while recent periods have seen steady but modest growth, the fund has delivered stronger cumulative results over the extended three-year horizon.

The fund carries a Very Low volatility label, which aligns with its classification as an Ultra-Short / Cash instrument. A beta value is not reported for this ETF, leaving the direct correlation to market movements undefined in the provided data. The Sharpe ratio of -0.80 indicates that the risk-adjusted returns have been negative over the measured period. Despite the negative risk-adjusted metric, the maximum drawdown was limited to -1.57%, reflecting the fund's ability to preserve capital during market declines. This combination of very low volatility and a shallow maximum drawdown suggests the fund experiences minimal price swings, even as the negative Sharpe ratio implies that the returns generated have not sufficiently compensated for the risks taken relative to the benchmark.

AI-generated summary based on the data on this page.

FLOT Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.13 (as of 2026-07-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

FLOT Performance History

How FLOT Compares to Other Ultra-Short / Cash ETFs