FLOT — iShares Floating Rate Bond ETF

FLOT Price Performance — Growth of $10,000

Value of a $10,000 investment in FLOT over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

FLOT Drawdown

The "underwater" chart: FLOT's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares Floating Rate Bond ETF (FLOT) is an Ultra-Short / Cash fund issued by iShares with $11.1 billion in assets under management. It holds a C grade (60.7/100) and ranks 1 of 9 within its category, placing it 221st among all 458 tracked ETFs. The fund’s 0.15% expense ratio matches the category median, while its 4.28% dividend yield exceeds the peer average of 4.14%. Top holdings represent only 11.8% of assets, with the largest position being BlackRock Funds III at 3.4%.

Price action shows the fund trading at $50.91, which sits at 58.5% of its 52-week range. Short-term returns have accelerated from -0.02% over one day to +0.32% over one month, contributing to a year-to-date gain of +3.25%. The one-year return of +4.31% outperforms the category median of +3.55%, supported by a three-year total return of +16.96%. The ETFValuer grade has remained unchanged at C across the last 35 tracked days. Historical data is available for 3.0 years.

The fund exhibits Very Low volatility at 0.76% annualized, with no beta figure reported. A Sharpe ratio of -0.91 indicates negative risk-adjusted performance relative to the risk-free rate. Maximum drawdown has been limited to -1.57%, reflecting the stability typical of ultra-short duration instruments. Liquidity is robust, with an average daily volume of 2,121,938 shares supporting efficient trading.

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

FLOT Top Holdings

Holdings as of 2026-07-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 11.8% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how FLOT's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With FLOT

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with FLOT's top 10 — LQD overlaps most, holding 2 of the same companies as FLOT's top 10 (4.6% of FLOT's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

FLOT Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 2.1M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $11.1B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: FLOT is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

FLOT Performance History

How FLOT Compares to Other Ultra-Short / Cash ETFs