T. Rowe Price Floating Rate ETF (TFLR) belongs to the Bank Loan category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TFLR. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TFLR
TFLR charges 0.60% annually. There are 7 ETFs in the Bank Loan category with lower expense ratios, going as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR S&P Leveraged Loan ETF | 0.40% | 44.48M | Nov 2025 | TFLR vs LVLN | |
| iShares Broad USD Floating Rate Loan ETF | 0.43% | — | Mar 2026 | TFLR vs USLN | |
| Polen Floating Rate Income ETF | 0.49% | 10.22M | Jun 2022 | TFLR vs PCFI | |
| Regan Floating Rate MBS ETF | 0.49% | 154.00M | Feb 2024 | TFLR vs MBSF | |
| BlackRock Floating Rate Loan ETF | 0.55% | 53.66M | Oct 2022 | TFLR vs BRLN |
Best Risk-Adjusted Alternatives to TFLR
TFLR has a PortfoliosLab risk / return rank of 85. There are 4 ETFs in the Bank Loan category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Virtus Seix Senior Loan ETF | 96 | 251.21M | Apr 2019 | TFLR vs SEIX | |
| PGIM Floating Rate Income ETF | 94 | 121.63M | May 2022 | TFLR vs PFRL | |
| Pacer Aristotle Pacific Floating Rate High Income ... | 91 | 652.88M | Feb 2015 | TFLR vs FLRT | |
| Regan Floating Rate MBS ETF | 85 | 154.00M | Feb 2024 | TFLR vs MBSF | |
| PIMCO Senior Loan Active Exchange-Traded Fund | 83 | 574.01M | Jun 2022 | TFLR vs LONZ |
Top Performing TFLR Alternatives (YTD)
TFLR is at 1.99% YTD. There are 6 ETFs in the Bank Loan category with higher YTD returns, going as high as 2.97%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| PGIM Floating Rate Income ETF | 2.97% | 121.63M | May 2022 | TFLR vs PFRL | |
| Virtus Seix Senior Loan ETF | 2.94% | 251.21M | Apr 2019 | TFLR vs SEIX | |
| PIMCO Senior Loan Active Exchange-Traded Fund | 2.58% | 574.01M | Jun 2022 | TFLR vs LONZ | |
| TCW Senior Loan ETF | 2.50% | 222.10M | Jun 2013 | TFLR vs SLNZ | |
| Pacer Aristotle Pacific Floating Rate High Income ... | 2.39% | 652.88M | Feb 2015 | TFLR vs FLRT |
Lowest Volatility Alternatives to TFLR
TFLR has 2.01% 1-year volatility. There are 4 ETFs in the Bank Loan category with lower 1-year volatility, going as low as 1.49%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pacer Aristotle Pacific Floating Rate High Income ... | 1.49% | 652.88M | Feb 2015 | TFLR vs FLRT | |
| Virtus Seix Senior Loan ETF | 1.63% | 251.21M | Apr 2019 | TFLR vs SEIX | |
| Eaton Vance Floating-Rate ETF | 1.87% | 1.40B | Feb 2024 | TFLR vs EVLN | |
| PGIM Floating Rate Income ETF | 1.97% | 121.63M | May 2022 | TFLR vs PFRL | |
| First Trust Senior Loan Fund | 2.15% | 2.32B | May 2013 | TFLR vs FTSL |
Lowest Drawdown Alternatives to TFLR
TFLR has a 1-year max drawdown of -2.18%. There are 7 ETFs in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.79%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Regan Floating Rate MBS ETF | -0.79% | 154.00M | Feb 2024 | TFLR vs MBSF | |
| Virtus Seix Senior Loan ETF | -1.13% | 251.21M | Apr 2019 | TFLR vs SEIX | |
| PGIM Floating Rate Income ETF | -1.25% | 121.63M | May 2022 | TFLR vs PFRL | |
| Eaton Vance Floating-Rate ETF | -1.77% | 1.40B | Feb 2024 | TFLR vs EVLN | |
| Pacer Aristotle Pacific Floating Rate High Income ... | -1.78% | 652.88M | Feb 2015 | TFLR vs FLRT |
Other ETFs from T. Rowe Price
The 10 most viewed T. Rowe Price ETFs shown here include TCAF, TDVG, TBUX and span 8 categories. AUM among these funds goes as high as $8B.
Often Compared With TFLR
Investors most often compare TFLR with CLOZ, JAAA, JPLD. These 20 comparison targets span 15 categories, based on PortfoliosLab usage data.
Compare TFLR with Any Fund or Stock
Compare TFLR with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TFLR with funds that move differently
T. Rowe Price Floating Rate ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TFLR.
Explore TFLR Diversifiers