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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in T. Rowe Price Floating Rate ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
T. Rowe Price Floating Rate ETF (TFLR) has returned -0.45% so far this year and 5.64% over the past 12 months.
T. Rowe Price Floating Rate ETF
- 1D
- 0.34%
- 1M
- 1.25%
- YTD
- -0.45%
- 6M
- 1.18%
- 1Y
- 5.64%
- 3Y*
- 7.86%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Nov 17, 2022, TFLR's average daily return is +0.03%, while the average monthly return is +0.62%. At this rate, your investment would double in approximately 9.3 years.
Historically, 83% of months were positive and 17% were negative. The best month was Jan 2023 with a return of +2.6%, while the worst month was Feb 2026 at -1.6%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 2 months.
On a daily basis, TFLR closed higher 58% of trading days. The best single day was Apr 9, 2025 with a return of +3.1%, while the worst single day was Apr 4, 2025 at -2.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.04% | -1.64% | 1.25% | -0.45% | |||||||||
| 2025 | 0.51% | 0.25% | -0.33% | 0.22% | 1.50% | 0.81% | 0.69% | 0.53% | 0.58% | 0.46% | 0.36% | 0.81% | 6.57% |
| 2024 | 0.62% | 0.94% | 0.71% | 0.65% | 0.75% | 0.43% | 0.95% | 0.59% | 0.67% | 0.61% | 1.09% | 0.43% | 8.77% |
| 2023 | 2.64% | 0.21% | 0.19% | 0.78% | -0.13% | 1.99% | 1.13% | 1.03% | 0.22% | -0.30% | 2.09% | 1.63% | 12.05% |
| 2022 | -0.36% | -0.04% | -0.41% |
Benchmark Metrics
T. Rowe Price Floating Rate ETF has an annualized alpha of 5.25%, beta of 0.16, and R² of 0.40 versus S&P 500 Index. Calculated based on daily prices since November 18, 2022.
- This ETF captured 20.81% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -10.08%) — a profile typical of hedging or uncorrelated assets.
- Beta of 0.16 may look defensive, but with R² of 0.40 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 0.40 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 5.25%
- Beta
- 0.16
- R²
- 0.40
- Upside Capture
- 20.81%
- Downside Capture
- -10.08%
Expense Ratio
TFLR has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
TFLR ranks 66 for risk / return — better than 66% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Floating Rate ETF (TFLR) and compare them to a chosen benchmark (S&P 500 Index).
| TFLR | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 0.90 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.39 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.21 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.40 | +0.14 |
Martin ratioReturn relative to average drawdown | 8.50 | 6.61 | +1.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore TFLR risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
T. Rowe Price Floating Rate ETF provided a 6.95% dividend yield over the last twelve months, with an annual payout of $3.50 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $3.50 | $3.56 | $4.23 | $4.00 | $0.29 |
Dividend yield | 6.95% | 6.93% | 8.18% | 7.76% | 0.58% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Floating Rate 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 | $0.27 | $0.26 | $0.29 | $0.82 | |||||||||
| 2025 | $0.29 | $0.27 | $0.31 | $0.30 | $0.30 | $0.29 | $0.30 | $0.30 | $0.31 | $0.30 | $0.30 | $0.28 | $3.56 |
| 2024 | $0.37 | $0.34 | $0.36 | $0.35 | $0.36 | $0.35 | $0.36 | $0.35 | $0.34 | $0.33 | $0.32 | $0.39 | $4.23 |
| 2023 | $0.31 | $0.32 | $0.33 | $0.33 | $0.34 | $0.32 | $0.26 | $0.27 | $0.39 | $0.38 | $0.36 | $0.40 | $4.00 |
| 2022 | $0.02 | $0.27 | $0.29 |
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 T. Rowe Price Floating Rate 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 T. Rowe Price Floating Rate ETF was 4.01%, occurring on Apr 4, 2025. Recovery took 20 trading sessions.
The current T. Rowe Price Floating Rate ETF drawdown is 0.95%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -4.01% | Feb 24, 2025 | 30 | Apr 4, 2025 | 20 | May 5, 2025 | 50 |
| -2.18% | Jan 23, 2026 | 25 | Feb 27, 2026 | — | — | — |
| -1.48% | Mar 9, 2023 | 7 | Mar 17, 2023 | 13 | Apr 5, 2023 | 20 |
| -1.05% | Aug 1, 2024 | 3 | Aug 5, 2024 | 14 | Aug 23, 2024 | 17 |
| -0.97% | Nov 18, 2022 | 6 | Nov 28, 2022 | 25 | Jan 4, 2023 | 31 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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