- ISIN
- US46434V8607
- CUSIP
- 46434V860
- Issuer
- iShares
- Inception Date
- Feb 3, 2014
- Region
- North America (U.S.)
- Category
- Government Bonds, Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg U.S. Treasury Floating Rate Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $7B
Share Price Chart
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Performance
TFLO Performance Chart
iShares Treasury Floating Rate Bond ETF (TFLO) is up 1.8% since the beginning of the year. TFLO is currently trading at $51 per share. Investors who bought $1,000 worth of TFLO shares 5 years ago would now be looking at an investment worth $1,198.
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Returns By Period
iShares Treasury Floating Rate Bond ETF (TFLO) has returned 1.79% so far this year and 3.95% over the past 12 months. Over the last ten years, TFLO has returned 2.38% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
iShares Treasury Floating Rate Bond ETF
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.79%
- 6M
- 1.91%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.68%
- 10Y*
- 2.38%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TFLO Monthly Returns History
Based on dividend-adjusted daily data since Feb 4, 2014, TFLO's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, an investment would double in approximately 36.1 years.
Historically, 82% of months were positive and 18% were negative. The best month was Dec 2015 with a return of +0.6%, while the worst month was Jan 2016 at -0.5%. The longest winning streak lasted 49 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TFLO closed higher 48% of trading days. The best single day was Dec 22, 2014 with a return of +4.7%, while the worst single day was Dec 19, 2014 at -4.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.34% | 0.28% | 0.30% | 0.30% | 0.30% | 0.25% | 1.79% | ||||||
| 2025 | 0.42% | 0.33% | 0.31% | 0.30% | 0.41% | 0.36% | 0.36% | 0.31% | 0.31% | 0.37% | 0.31% | 0.37% | 4.22% |
| 2024 | 0.46% | 0.48% | 0.41% | 0.52% | 0.46% | 0.38% | 0.41% | 0.41% | 0.38% | 0.42% | 0.43% | 0.45% | 5.34% |
| 2023 | 0.30% | 0.38% | 0.39% | 0.44% | 0.44% | 0.47% | 0.43% | 0.47% | 0.44% | 0.44% | 0.45% | 0.35% | 5.12% |
| 2022 | 0.07% | 0.05% | 0.03% | 0.22% | -0.06% | 0.08% | 0.25% | 0.11% | 0.25% | 0.26% | 0.28% | 0.44% | 1.99% |
| 2021 | 0.02% | 0.01% | 0.02% | -0.03% | -0.02% | -0.01% | 0.01% | -0.00% | -0.01% | 0.00% | 0.00% | -0.01% | -0.02% |
Benchmark Metrics
iShares Treasury Floating Rate Bond ETF has an annualized alpha of 2.00%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 04, 2014.
- This ETF captured 3.92% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.81%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.00%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 3.92%
- Downside Capture
- -5.81%
Expense Ratio
TFLO has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
TFLO ranks 100 for risk / return — in the top 100% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares Treasury Floating Rate Bond ETF (TFLO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TFLO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +11.83 | ||
| Sortino ratioReturn per unit of downside risk | +46.25 | ||
| Omega ratioGain probability vs. loss probability | 13.08 | 1.37 | +11.72 |
| Calmar ratioReturn relative to maximum drawdown | 200.18 | 2.78 | +197.40 |
| Martin ratioReturn relative to average drawdown | 818.95 | 12.44 | +806.51 |
Dividends
Dividend History
iShares Treasury Floating Rate Bond ETF provided a 3.89% dividend yield over the last twelve months, with an annual payout of $1.97 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.97 | $2.10 | $2.63 | $2.46 | $0.85 | $0.00 | $0.18 | $1.05 | $0.83 | $0.43 | $0.15 | $0.07 |
Dividend yield | 3.89% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Treasury Floating Rate Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.15 | $0.14 | $0.15 | $0.15 | $0.16 | $0.76 | ||||||
| 2025 | $0.00 | $0.18 | $0.16 | $0.18 | $0.18 | $0.19 | $0.18 | $0.19 | $0.18 | $0.17 | $0.17 | $0.32 | $2.10 |
| 2024 | $0.00 | $0.24 | $0.22 | $0.27 | $0.21 | $0.23 | $0.22 | $0.23 | $0.22 | $0.20 | $0.20 | $0.39 | $2.63 |
| 2023 | $0.00 | $0.19 | $0.17 | $0.18 | $0.20 | $0.22 | $0.22 | $0.17 | $0.22 | $0.21 | $0.23 | $0.46 | $2.46 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.01 | $0.02 | $0.03 | $0.03 | $0.07 | $0.10 | $0.10 | $0.14 | $0.34 | $0.85 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Treasury Floating Rate Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares Treasury Floating Rate Bond ETF was 5.01%, occurring on Dec 19, 2014. Recovery took 256 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2014 pullback2014 | -5.01%Dec 2014 | 1mo 21d | 1y 9d | 1y 2moOct 2014 - Dec 2015 |
2016 pullback2016 | -0.76%Feb 2016 | 1mo 19d | 1y 3mo | 1y 4moDec 2015 - May 2017 |
2014 pullback2014 | -0.34%Oct 2014 | 0s | 1d | 1dOct 2014 - Oct 2014 |
2014 pullback2014 | -0.26%Oct 2014 | 0s | 6d | 6dOct 2014 - Oct 2014 |
2018 pullback2018 | -0.16%Feb 2018 | 5d | 1d | 6dFeb 2018 - Feb 2018 |
Drawdown Indicators
| TFLO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.01% | -56.78% | +51.77% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -9.10% | +9.08% |
Max Drawdown (3Y)Largest decline over 3 years | -0.04% | -18.90% | +18.86% |
Max Drawdown (5Y)Largest decline over 5 years | -0.13% | -25.43% | +25.30% |
Max Drawdown (10Y)Largest decline over 10 years | -0.16% | -33.92% | +33.76% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -10.71% | +10.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 2.03% | -2.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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