GBIL vs. TFLO
Compare and contrast key facts about Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and iShares Treasury Floating Rate Bond ETF (TFLO).
GBIL and TFLO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBIL is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE US Treasury 0-1 Year Composite Select Index. It was launched on Sep 6, 2016. TFLO is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Treasury Floating Rate Index. It was launched on Feb 3, 2014. Both GBIL and TFLO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBIL or TFLO.
Performance
GBIL vs. TFLO - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with GBIL having a 4.54% return and TFLO slightly higher at 4.69%.
GBIL
4.54%
0.35%
2.61%
5.25%
2.26%
N/A
TFLO
4.69%
0.43%
2.46%
5.29%
2.47%
1.85%
Key characteristics
| GBIL | TFLO | |
|---|---|---|
| Sharpe Ratio | 4.75 | 16.40 |
| Sortino Ratio | 6.82 | 66.99 |
| Omega Ratio | 6.64 | 17.83 |
| Calmar Ratio | 7.00 | 207.33 |
| Martin Ratio | 29.80 | 1,020.07 |
| Ulcer Index | 0.18% | 0.01% |
| Daily Std Dev | 1.11% | 0.32% |
| Max Drawdown | -0.76% | -5.01% |
| Current Drawdown | 0.00% | 0.00% |
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GBIL vs. TFLO - Expense Ratio Comparison
GBIL has a 0.12% expense ratio, which is lower than TFLO's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between GBIL and TFLO is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
GBIL vs. TFLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) 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.
Dividends
GBIL vs. TFLO - Dividend Comparison
GBIL's dividend yield for the trailing twelve months is around 5.09%, less than TFLO's 5.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 5.09% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% | 0.00% | 0.00% |
TFLO iShares Treasury Floating Rate Bond ETF | 5.34% | 4.89% | 1.67% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.30% | 0.15% | 0.08% |
Drawdowns
GBIL vs. TFLO - Drawdown Comparison
The maximum GBIL drawdown since its inception was -0.76%, smaller than the maximum TFLO drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for GBIL and TFLO. For additional features, visit the drawdowns tool.
Volatility
GBIL vs. TFLO - Volatility Comparison
Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and iShares Treasury Floating Rate Bond ETF (TFLO) have volatilities of 0.07% and 0.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.