GLAD vs. TFLO
GLAD (Gladstone Capital Corporation) is a stock, while TFLO (iShares Treasury Floating Rate Bond ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index. Over the past 10 years, GLAD returned 12.43%/yr vs 2.37%/yr for TFLO. At a correlation of -0.04, they often move in opposite directions.
Performance
GLAD vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, GLAD achieves a -4.69% return, which is significantly lower than TFLO's 1.59% return. Over the past 10 years, GLAD has outperformed TFLO with an annualized return of 12.43%, while TFLO has yielded a comparatively lower 2.37% annualized return.
GLAD
- 1D
- -2.82%
- 1M
- -1.49%
- YTD
- -4.69%
- 6M
- -6.43%
- 1Y
- -21.74%
- 3Y*
- 9.99%
- 5Y*
- 4.66%
- 10Y*
- 12.43%
TFLO
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 1.59%
- 6M
- 1.92%
- 1Y
- 3.97%
- 3Y*
- 4.74%
- 5Y*
- 3.63%
- 10Y*
- 2.37%
GLAD vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLAD Gladstone Capital Corporation | -4.69% | -21.14% | 46.99% | 22.71% | -10.43% | 40.50% | -0.69% | 48.58% | -13.07% | 7.05% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.59% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% | 0.43% | 2.04% | 1.76% | 1.01% |
Correlation
The correlation between GLAD and TFLO is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014 | -0.04 |
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Return for Risk
GLAD vs. TFLO — Risk / Return Rank
GLAD
TFLO
GLAD vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gladstone Capital Corporation (GLAD) 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.
| GLAD | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.95 | ||
| Sortino ratioReturn per unit of downside risk | -51.95 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 13.94 | -13.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 201.22 | -201.78 |
| Martin ratioReturn relative to average drawdown | -0.87 | 823.26 | -824.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GLAD | TFLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.86 | 14.09 | -14.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 10.30 | -10.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | 5.21 | -4.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.99 | -0.81 |
Drawdowns
GLAD vs. TFLO - Drawdown Comparison
The maximum GLAD drawdown since its inception was -74.87%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for GLAD and TFLO.
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Drawdown Indicators
| GLAD | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.87% | -5.01% | -69.86% |
Max Drawdown (1Y)Largest decline over 1 year | -39.22% | -0.02% | -39.20% |
Max Drawdown (3Y)Largest decline over 3 years | -39.59% | -0.04% | -39.55% |
Max Drawdown (5Y)Largest decline over 5 years | -39.59% | -0.13% | -39.46% |
Max Drawdown (10Y)Largest decline over 10 years | -58.37% | -0.16% | -58.21% |
Current DrawdownCurrent decline from peak | -29.81% | 0.00% | -29.81% |
Average DrawdownAverage peak-to-trough decline | -18.70% | -0.10% | -18.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.15% | 0.00% | +25.15% |
Volatility
GLAD vs. TFLO - Volatility Comparison
Gladstone Capital Corporation (GLAD) has a higher volatility of 7.23% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that GLAD's price experiences larger fluctuations and is considered to be riskier than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLAD | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.23% | 0.07% | +7.16% |
Volatility (6M)Calculated over the trailing 6-month period | 18.63% | 0.20% | +18.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.26% | 0.28% | +24.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.65% | 0.35% | +23.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.02% | 0.46% | +29.56% |
Dividends
GLAD vs. TFLO - Dividend Comparison
GLAD's dividend yield for the trailing twelve months is around 10.36%, more than TFLO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLAD Gladstone Capital Corporation | 10.36% | 9.85% | 8.37% | 9.16% | 8.42% | 6.73% | 8.97% | 8.46% | 11.51% | 9.12% | 8.95% | 11.49% |
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
GLAD and TFLO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLAD has higher volatility (7.23%) compared to TFLO (0.07%). In terms of maximum drawdown, GLAD dropped -74.87% vs TFLO's -5.01%.
TFLO currently has the higher Sharpe Ratio (14.09 vs -0.86), 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.
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