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 10.97%/yr vs 2.42%/yr for TFLO. Their -0.04 correlation means they have often moved in opposite directions in the past.
Performance
GLAD vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, GLAD achieves a -2.63% return, which is significantly lower than TFLO's 2.24% return. Over the past 10 years, GLAD has outperformed TFLO with an annualized return of 10.97%, while TFLO has yielded a comparatively lower 2.42% annualized return.
GLAD
- 1D
- 1.87%
- 1M
- -1.88%
- 6M
- -1.51%
- YTD
- -2.63%
- 1Y
- -23.20%
- 3Y*
- 4.58%
- 5Y*
- 5.27%
- 10Y*
- 10.97%
- ALL TIME*
- 6.71%
TFLO
- 1D
- 0.02%
- 1M
- 0.30%
- 6M
- 1.90%
- YTD
- 2.24%
- 1Y
- 3.90%
- 3Y*
- 4.63%
- 5Y*
- 3.77%
- 10Y*
- 2.42%
- ALL TIME*
- 1.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.25M | $3.18M | $3.28M | |
| $86.01M | $74.39M | $76.29M |
GLAD vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLAD Gladstone Capital Corporation | -2.63% | -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 | 2.24% | 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 -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 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.
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.
| GLAD | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.61 | ||
| Sortino ratioReturn per unit of downside risk | -48.13 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 12.25 | -11.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 197.78 | -198.44 |
| Martin ratioReturn relative to average drawdown | -0.99 | 760.24 | -761.23 |
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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 | -35.67% | -0.02% | -35.65% |
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 | -28.30% | 0.00% | -28.30% |
Average DrawdownAverage peak-to-trough decline | -18.76% | -0.10% | -18.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.54% | 0.01% | +23.53% |
Volatility
GLAD vs. TFLO - Volatility Comparison
Gladstone Capital Corporation (GLAD) has a higher volatility of 5.74% 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 | 5.74% | 0.07% | +5.67% |
Volatility (6M)Calculated over the trailing 6-month period | 19.20% | 0.19% | +19.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.25% | 0.29% | +25.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.71% | 0.35% | +23.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.06% | 0.45% | +29.61% |
Dividends
GLAD vs. TFLO - Dividend Comparison
GLAD's dividend yield for the trailing twelve months is around 10.15%, more than TFLO's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLAD Gladstone Capital Corporation | 10.15% | 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 | 3.79% | 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 -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLAD has higher volatility (5.74%) 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 (13.72 vs -0.89), 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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