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 categorized as an Ultra-Short / Cash ETF, issued by iShares. Positioned at the 280th rank among 458 tracked ETFs, FLOT holds a grade of C, reflecting a score of 57.0/100. The expense ratio is relatively low at 0.15%, and it offers a dividend yield of 4.47%, making it an attractive option for income-focused investors. With an asset under management (AUM) of $10.3B, FLOT is one of the larger funds in its category, suggesting strong investor adoption. The price of $51.01 indicates that the fund is priced reasonably, given its substantial AUM.

FLOT's performance has been steady over various time horizons. Over the past year, the fund has delivered a return of 4.44%, which is in line with its closest peers, JPST and ICSH, both of which have returned 3.98% and 4.01%, respectively. Looking at the longer-term performance, FLOT has shown consistent growth, with a 3-year return of 17.15%. The returns have been positive across all time frames, with the most significant gains seen in the 6-month period at 2.06%. This suggests a relatively stable and positive trend in performance, with no major short-term volatility that could have significantly impacted returns.

FLOT is labeled as having a Very Low volatility, which indicates that the fund is expected to have minimal price fluctuations compared to other ETFs. The beta is not provided, but the very low volatility suggests that the fund is less sensitive to market movements. The Sharpe ratio of -0.73, while negative, is not exceptionally low, indicating that the fund's returns are not significantly above the risk-free rate, but it does suggest that the fund's risk-adjusted performance is below average. The maximum drawdown of -1.57% is relatively small, indicating that the fund has not experienced significant losses during any period. This combination of low volatility, a negative but not extremely low Sharpe ratio, and a small drawdown suggests that FLOT is a relatively stable investment, suitable for investors seeking low-risk exposure to floating rate bonds, though it may not offer the highest risk-adjusted returns.

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. Top 10 holdings make up 10.1% 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 — ITOT overlaps most, holding 1 of the same companies as FLOT's top 10 (1.7% 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: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

FLOT Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.04% and average daily volume is 1.9M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $10.3B 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