CMBO vs. TFLO

Last updated Jun 6, 2026

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 0.35 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.

Performance

CMBO vs. TFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wayfinder Dynamic U.S. Interest Rate ETF (CMBO) and iShares Treasury Floating Rate Bond ETF (TFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with CMBO having a 1.63% return and TFLO slightly lower at 1.61%.

CMBO

• 1D: 0.04%
• 1M: 0.33%
• YTD: 1.63%
• 6M: 1.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TFLO

• 1D: 0.02%
• 1M: 0.29%
• YTD: 1.61%
• 6M: 1.88%
• 1Y: 3.97%
• 3Y*: 4.74%
• 5Y*: 3.64%
• 10Y*: 2.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CMBO vs. TFLO - Yearly Performance Comparison

	2026 (YTD)	2025
CMBO Wayfinder Dynamic U.S. Interest Rate ETF	1.63%	0.52%
TFLO iShares Treasury Floating Rate Bond ETF	1.61%	0.66%

Correlation

The correlation between CMBO and TFLO is 0.35, 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 5, 2025	0.35

Return for Risk

CMBO vs. TFLO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TFLO

TFLO Risk / Return Rank: 100
TFLO Sharpe Ratio Rank: 100
TFLO Sortino Ratio Rank: 100
TFLO Omega Ratio Rank: 100
TFLO Calmar Ratio Rank: 100
TFLO Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CMBO	TFLO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	14.09	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	10.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	5.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	9.91	0.99	+8.92

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.

Drawdown Indicators

	CMBO	TFLO	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.01%	-0.10%	+0.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	CMBO	TFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.38%	0.28%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.38%	0.35%	+0.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.38%	0.46%	-0.08%

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 3.90%.

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	3.90%	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

Can I hold both CMBO and TFLO in my portfolio?

CMBO and TFLO have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CMBO or TFLO?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CMBO or TFLO?

CMBO and TFLO have the same expense ratio: 0.15% per year.

Which ETF pays a higher dividend yield, CMBO or TFLO?

TFLO has the higher dividend yield at 3.90%, compared with 0.00% for CMBO.

What is the main difference between CMBO and TFLO?

CMBO is categorized as Ultrashort Bond, while TFLO is Government Bonds. They also come from different issuers: Wayfinder and iShares.