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, trading under the ticker FLOT, operates within the Ultra-Short / Cash category managed by issuer iShares. This fund holds an overall rank of #299 among 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 57.0 out of 100. With assets under management totaling $9.97 billion and a share price of $51.05, the fund demonstrates significant investor adoption relative to its category size of 9 ETFs. The fund charges an expense ratio of 0.15% while offering a dividend yield of 4.53%, reflecting its income generation profile. These metrics position FLOT as a substantial vehicle within its specific niche, balancing cost efficiency with a notable yield compared to the broader market. The combination of high assets and a mid-tier grade suggests a widely held instrument that meets specific liquidity or income needs without achieving top-tier performance ratings.

Over the most recent trading day, the fund recorded a decline of 0.02%, followed by a weekly gain of 0.12% and a monthly increase of 0.34%. The return trajectory shows acceleration over the longer term, with the three-month return reaching 1.12% and the six-month return climbing to 2.15%. Year-to-date performance stands at 2.45%, while the one-year return is recorded at 4.53%. Extending the horizon further, the three-year return totals 17.39%, indicating a sustained positive trend over the multi-year period. This pattern illustrates a divergence where short-term fluctuations are minimal compared to the more robust gains accumulated over the one-year and three-year windows.

The fund carries a volatility label of Very Low, which aligns with its beta data being unavailable for this specific calculation. A Sharpe ratio of -0.62 indicates that the risk-adjusted returns have been negative over the measured period, suggesting the returns did not sufficiently compensate for the risk taken. Despite the negative risk-adjusted metric, the maximum drawdown was limited to -1.57%, highlighting the fund's resilience during market downturns. This combination of very low volatility and a shallow maximum drawdown implies the fund experiences minimal price swings in both up and down markets. The negative Sharpe ratio in this context likely reflects the low return environment relative to the risk-free rate rather than extreme price instability.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.04% and average daily volume is 1.8M/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 $9.97B 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