FLOTvsCGSMETF Comparison
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iShares Floating Rate Bond ETF (FLOT) belongs to the US Corporate IG Bonds segment. Capital Group Short Duration Municipal Income ETF (CGSM) is part of the Municipal Bonds segment. FLOT's top 3 sector exposures are Finance, Consumer Cyclicals and Industrials. In contrast, CGSM's top sector exposures are Municipal. FLOT is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.25% for CGSM. FLOT is up 2.94% year-to-date (YTD) with +$1.79B in YTD flows. CGSM performs worse with 0.78% YTD performance, and +$652M in YTD flows. Run a side-by-side ETF comparison of FLOT and CGSM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FLOT vs CGSM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLOT CGSM | +0.36%-0.70% | +1.04%-0.41% | +2.94%+0.78% | +4.41%+1.39% | +17.18%n/a | +24.05%n/a |
| Flows | FLOT CGSM | +$275M+$31M | +$1.08B+$392M | +$1.79B+$652M | +$1.77B+$786M | +$3.49B- | +$4.11B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLOT CGSM | +0.20%+1.26% | +0.20%+1.47% | +0.25%n/a | +0.38%n/a |
| Max drawdown | FLOT CGSM | n/a-0.85% | -0.01%-1.36% | -0.20%n/a | -0.82%n/a |
| Max drawdown duration | FLOT CGSM | n/a17d | 2d116d | 22dn/a | 343dn/a |
Trading data
FLOT | CGSM | |
Last sale 9/11/2026 at 1:30 PM | $50.94 | $26.06 |
| Previous close 09/10/2026 | $50.93 | $26.04 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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CGSM
is actively managed and doesn’t replicate an indexFLOT | CGSM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
FLOT | CGSM | |
|---|---|---|
| Last price | $50.94 | $26.06 |
| 1D performance | +0.02% | +0.08% |
| AuM | $10.78 B | $1.59 B |
| E/R | 0.15% | 0.25% |
Characteristics
FLOT | CGSM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | Capital Group |
| Benchmark | Bloomberg U.S. Floating Rate Note < 5 Years Index | - |
| N° of holdings | 544 | 238 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 14, 2011 | September 26, 2023 |
| ESG | No | No |
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Exposure
Countries
FLOT
USA
50.63%
United Kingdom
9.05%
Australia
7.56%
Other
32.76%
CGSM
USA
30.86%
Other
69.14%
Sectors
FLOT
Finance
84.08%
Other
15.92%
CGSM
Municipal
30.86%
Other
69.14%
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Diversification
FLOT
Total weight of top 15 holdings out of 15
12.73%
CGSM
Total weight of top 15 holdings out of 15
11.66%
Top 15 holdings
Data as of July 31, 2026
FLOT
EBRD, FRN 20feb2028, USD
1.16%
BlackRock Cash Funds - Treasury
1.07%
IBRD, FRN 19aug2027, USD (101196)
1.06%
EBRD, FRN 16feb2029, USD
0.96%
IBRD, FRN 12jan2027, USD (101643)
0.89%
EBRD, FRN 22jul2030, USD
0.85%
IFC, FRN 28aug2028, USD (2673)
0.82%
IBRD, FRN 22nov2028, USD (101447)
0.78%
IBRD, FRN 24jan2029, USD (101486)
0.78%
IBRD, FRN 23sep2026, USD (101592)
0.77%
Inter-American Development Bank (IDB), FRN 4oct2027, USD
0.76%
Inter-American Development Bank (IDB), FRN 20mar2028, USD (790)
0.76%
IBRD, FRN 15jun2027, USD (102047)
0.71%
Inter-American Development Bank (IDB), FRN 1aug2029, USD (934)
0.69%
Inter-American Development Bank (IDB), FRN 15feb2029, USD (823)
0.67%
CGSM
US650028E821
1.14%
US574193XS28
1.04%
US34153QZG45
1.02%
US83703FLR19
1.01%
US373385QZ98
1.01%
Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2026A)
0.84%
US91412HWB58
0.74%
PEFA Inc., 5% 1sep2049, USD (2019)
0.65%
US57421CLT98
0.64%
Virginia College Building Authority, 5% 1feb2032, USD
0.63%
US48542TBS87
0.62%
US74440DFN93
0.60%
Black Belt Energy Gas District, 5% 1jun2031, USD (2026)
0.59%
US254773BN34
0.57%
Puerto Rico, FRN 1nov2043, USD
0.56%
Frequently asked questions about FLOT and CGSM
How have the FLOT and CGSM ETFs performed in 2026?
As of September 11, 2026, FLOT is up 2.94% year-to-date (YTD), while CGSM has returned 0.78%. That puts FLOT better performer ahead so far this year.
Which ETF is attracting more investor money: FLOT or CGSM?
Year-to-date, the FLOT ETF saw +$1.79B in flows, compared to +$652M for CGSM.
Which ETF is more volatile: FLOT or CGSM?
Over the past year, FLOT had a volatility of 0.2%, while CGSM experienced 1.47%.
Which ETF is bigger: FLOT or CGSM?
As of September 11, 2026, FLOT holds $10.78 B in assets under management (AUM), while CGSM manages $1.59 B.
What sectors do the FLOT and CGSM ETFs invest in?
FLOT leans toward sectors like Finance. Meanwhile, CGSM focuses on Municipal.
What are the top holdings of the FLOT ETF and CGSM ETF?
FLOT top holdings include EBRD, FRN 20feb2028, USD, BlackRock Cash Funds - Treasury and IBRD, FRN 19aug2027, USD (101196). CGSM holds in its top three: US650028E821, US574193XS28 and US34153QZG45.
Which ETF is more diversified: FLOT or CGSM?
FLOT holds 547 securities with 12.73% of its assets in the top 15. CGSM has 1018 securities and a top 15 weight of 11.66%.
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Latest news about FLOT & CGSM
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Navigating the Changing Equity Risk Premium Landscape: What Investors Need to Know
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Looking Across the Fixed Income Spectrum
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