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PVI vs FLOT

Invesco Floating Rate Municipal Income ETF vs iShares Floating Rate Bond ETF

PVI

Invesco Floating Rate Municipal Income ETF

Invesco

Annual cost

0.25%

Fund size

$31M

FLOT

iShares Floating Rate Bond ETF

iShares

Annual cost

0.15%

Fund size

$9.3B

Key differences

  • FLOT costs 0.10% less per year.
  • FLOT is significantly larger than PVI — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, FLOT has delivered higher annualized returns.

Side-by-side comparison

PVIFLOT
Annual cost (TER)0.25%0.15%
Fund size (AUM)$31M$9.3B
Since20072011
Dividend yield2.16%4.66%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+2.3%+5.0%
CAGR 3Y+2.7%+5.8%
CAGR 5Y+1.9%+4.2%
Sharpe 3Y-0.341.53
Volatility 1Y2.61%0.74%
Max drawdown-1.16%-13.54%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to PVI and FLOT