CMBO vs. TFLO
CMBO (Wayfinder Dynamic U.S. Interest Rate ETF) and TFLO (iShares Treasury Floating Rate Bond ETF) are both exchange-traded funds - CMBO is a Ultrashort Bond fund actively managed by Wayfinder, while TFLO is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index. CMBO is actively managed, while TFLO is passively managed. At a 0.30 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
CMBO vs. TFLO - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CMBO having a 1.82% return and TFLO slightly higher at 1.83%.
CMBO
- 1D
- 0.00%
- 1M
- 0.30%
- YTD
- 1.82%
- 6M
- 1.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TFLO
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 1.83%
- 6M
- 1.91%
- 1Y
- 3.97%
- 3Y*
- 4.72%
- 5Y*
- 3.69%
- 10Y*
- 2.38%
CMBO vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CMBO Wayfinder Dynamic U.S. Interest Rate ETF | 1.82% | 0.55% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.83% | 0.66% |
Correlation
The correlation between CMBO and TFLO is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025 | 0.30 |
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Return for Risk
CMBO vs. TFLO — Risk / Return Rank
CMBO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TFLO
CMBO vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wayfinder Dynamic U.S. Interest Rate ETF (CMBO) and iShares Treasury Floating Rate Bond ETF (TFLO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| CMBO | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 13.14 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 201.22 | — |
| Martin ratioReturn relative to average drawdown | — | 823.20 | — |
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Drawdowns
CMBO vs. TFLO - Drawdown Comparison
The maximum CMBO drawdown since its inception was -0.22%, smaller than the maximum TFLO drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for CMBO and TFLO.
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Drawdown Indicators
| CMBO | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.22% | -5.01% | +4.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.02% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.16% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -0.10% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
CMBO vs. TFLO - Volatility Comparison
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Volatility by Period
| CMBO | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.37% | 0.29% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.37% | 0.36% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.37% | 0.46% | -0.09% |
CMBO vs. TFLO - Expense Ratio Comparison
Both CMBO and TFLO have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
CMBO vs. TFLO - Dividend Comparison
CMBO has not paid dividends to shareholders, while TFLO's dividend yield for the trailing twelve months is around 3.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMBO Wayfinder Dynamic U.S. Interest Rate ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TFLO iShares Treasury Floating Rate Bond ETF | 3.89% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
Frequently Asked Questions
CMBO and TFLO have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CMBO and TFLO have the same expense ratio: 0.15% per year.
TFLO has the higher dividend yield at 3.89%, compared with 0.00% for CMBO.
CMBO is categorized as Ultrashort Bond, while TFLO is Government Bonds. They also come from different issuers: Wayfinder and iShares.
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