FLTR vs. TFLR

Last updated Jun 4, 2026

FLTR (VanEck Vectors Investment Grade Floating Rate ETF) and TFLR (T. Rowe Price Floating Rate ETF) are both exchange-traded funds - FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index, while TFLR is a Bank Loan fund actively managed by T. Rowe Price. FLTR is passively managed, while TFLR is actively managed. Over the past 3 years, FLTR returned 6.10%/yr vs 8.12%/yr for TFLR. At a 0.16 correlation, their price movements are largely independent. FLTR charges 0.14%/yr vs 0.60%/yr for TFLR.

Performance

FLTR vs. TFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and T. Rowe Price Floating Rate ETF (TFLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLTR achieves a 1.91% return, which is significantly higher than TFLR's 1.39% return.

FLTR

• 1D: -0.04%
• 1M: 0.46%
• YTD: 1.91%
• 6M: 2.40%
• 1Y: 5.30%
• 3Y*: 6.10%
• 5Y*: 4.49%
• 10Y*: 3.51%

TFLR

• 1D: -0.06%
• 1M: 0.34%
• YTD: 1.39%
• 6M: 2.07%
• 1Y: 5.72%
• 3Y*: 8.12%
• 5Y*: —
• 10Y*: —

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

FLTR vs. TFLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FLTR VanEck Vectors Investment Grade Floating Rate ETF	1.91%	5.22%	7.38%	7.41%	0.87%
TFLR T. Rowe Price Floating Rate ETF	1.39%	6.57%	8.77%	12.05%	-0.41%

Correlation

The correlation between FLTR and TFLR is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (All Time) Calculated using the full available price history since Nov 18, 2022	0.16

Return for Risk

FLTR vs. TFLR — Risk / Return Rank

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

FLTR

FLTR Risk / Return Rank: 99
FLTR Sharpe Ratio Rank: 99
FLTR Sortino Ratio Rank: 99
FLTR Omega Ratio Rank: 99
FLTR Calmar Ratio Rank: 98
FLTR Martin Ratio Rank: 99

TFLR

TFLR Risk / Return Rank: 78
TFLR Sharpe Ratio Rank: 86
TFLR Sortino Ratio Rank: 90
TFLR Omega Ratio Rank: 94
TFLR Calmar Ratio Rank: 53
TFLR Martin Ratio Rank: 65

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.

FLTR vs. TFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and T. Rowe Price Floating Rate ETF (TFLR). 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.

	FLTR	TFLR	Difference
Sharpe ratio: Return per unit of total volatility	6.77	2.91	+3.86
Sortino ratio: Return per unit of downside risk	12.78	4.33	+8.45
Omega ratio: Gain probability vs. loss probability	3.15	1.68	+1.47
Calmar ratio: Return relative to maximum drawdown	16.96	2.64	+14.32
Martin ratio: Return relative to average drawdown	101.23	12.12	+89.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLTR vs. TFLR - Sharpe Ratio Comparison

The current FLTR Sharpe Ratio is 6.77, which is higher than the TFLR Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of FLTR and TFLR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FLTR	TFLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.77	2.91	+3.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.11	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	2.18	-1.66

Drawdowns

FLTR vs. TFLR - Drawdown Comparison

The maximum FLTR drawdown since its inception was -17.84%, which is greater than TFLR's maximum drawdown of -4.01%. Use the drawdown chart below to compare losses from any high point for FLTR and TFLR.

Drawdown Indicators

	FLTR	TFLR	Difference
Max Drawdown Largest peak-to-trough decline	-17.84%	-4.01%	-13.83%
Max Drawdown (1Y) Largest decline over 1 year	-0.31%	-2.18%	+1.87%
Max Drawdown (3Y) Largest decline over 3 years	-1.93%	-4.01%	+2.08%
Max Drawdown (5Y) Largest decline over 5 years	-3.06%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-17.84%	—	—
Current Drawdown Current decline from peak	-0.04%	-0.08%	+0.04%
Average Drawdown Average peak-to-trough decline	-0.67%	-0.21%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.05%	0.47%	-0.42%

Volatility

FLTR vs. TFLR - Volatility Comparison

The current volatility for VanEck Vectors Investment Grade Floating Rate ETF (FLTR) is 0.25%, while T. Rowe Price Floating Rate ETF (TFLR) has a volatility of 0.41%. This indicates that FLTR experiences smaller price fluctuations and is considered to be less risky than TFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLTR	TFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.25%	0.41%	-0.16%
Volatility (6M) Calculated over the trailing 6-month period	0.62%	1.73%	-1.11%
Volatility (1Y) Calculated over the trailing 1-year period	0.79%	1.98%	-1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.13%	3.68%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.00%	3.68%	+1.32%

FLTR vs. TFLR - Expense Ratio Comparison

FLTR has a 0.14% expense ratio, which is lower than TFLR's 0.60% expense ratio.

Dividends

FLTR vs. TFLR - Dividend Comparison

FLTR's dividend yield for the trailing twelve months is around 4.73%, less than TFLR's 6.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLTR VanEck Vectors Investment Grade Floating Rate ETF	4.73%	4.97%	5.93%	6.07%	2.29%	0.63%	1.49%	3.05%	2.67%	1.69%	1.16%	0.71%
TFLR T. Rowe Price Floating Rate ETF	6.77%	6.93%	8.18%	7.76%	0.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FLTR and TFLR in my portfolio?

FLTR and TFLR have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLTR or TFLR?

TFLR has higher volatility (0.41%) compared to FLTR (0.25%). In terms of maximum drawdown, FLTR dropped -17.84% vs TFLR's -4.01%.

Which ETF is better, FLTR or TFLR?

On 3-year performance, TFLR leads with 8.12% vs 6.10% for FLTR. On fees, FLTR is cheaper at 0.14% per year. On volatility, FLTR has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLTR or TFLR?

Over the 3-year period, TFLR has performed better with a 8.12% return vs 6.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLTR or TFLR?

FLTR is cheaper with a 0.14% expense ratio, compared with 0.60% for TFLR.

Which ETF pays a higher dividend yield, FLTR or TFLR?

TFLR has the higher dividend yield at 6.77%, compared with 4.73% for FLTR.

What is the main difference between FLTR and TFLR?

FLTR is categorized as Corporate Bonds, while TFLR is Bank Loan. They also come from different issuers: VanEck and T. Rowe Price. Their fees differ too: 0.14% for FLTR and 0.60% for TFLR.

Which has better risk-adjusted returns?

FLTR currently has the higher Sharpe Ratio (6.77 vs 2.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.