GMOC vs. TFLO
GMOC (GMO Ultra-Short Income ETF) and TFLO (iShares Treasury Floating Rate Bond ETF) are both exchange-traded funds - GMOC is a Ultrashort Bond fund actively managed by GMO, while TFLO is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index. GMOC is actively managed, while TFLO is passively managed. At a 0.01 correlation, their price movements are largely independent. GMOC charges 0.20%/yr vs 0.15%/yr for TFLO.
Performance
GMOC vs. TFLO - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with GMOC having a 1.81% return and TFLO slightly lower at 1.79%.
GMOC
- 1D
- 0.00%
- 1M
- 0.33%
- YTD
- 1.81%
- 6M
- 1.97%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TFLO
- 1D
- -0.02%
- 1M
- 0.29%
- YTD
- 1.79%
- 6M
- 1.87%
- 1Y
- 3.93%
- 3Y*
- 4.72%
- 5Y*
- 3.68%
- 10Y*
- 2.38%
GMOC vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GMOC GMO Ultra-Short Income ETF | 1.81% | 0.70% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.79% | 0.76% |
Correlation
The correlation between GMOC and TFLO is 0.01, 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 (All Time) Calculated using the full available price history since Oct 28, 2025 | 0.01 |
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Return for Risk
GMOC vs. TFLO — Risk / Return Rank
GMOC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TFLO
GMOC vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Ultra-Short Income ETF (GMOC) 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.
| GMOC | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 13.02 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 199.14 | — |
| Martin ratioReturn relative to average drawdown | — | 788.97 | — |
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Drawdowns
GMOC vs. TFLO - Drawdown Comparison
The maximum GMOC drawdown since its inception was -0.14%, smaller than the maximum TFLO drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for GMOC and TFLO.
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Drawdown Indicators
| GMOC | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.14% | -5.01% | +4.87% |
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 DrawdownCurrent decline from peak | 0.00% | -0.02% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -0.10% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
GMOC vs. TFLO - Volatility Comparison
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Volatility by Period
| GMOC | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.50% | 0.29% | +0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.50% | 0.36% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.50% | 0.46% | +0.04% |
GMOC vs. TFLO - Expense Ratio Comparison
GMOC has a 0.20% expense ratio, which is higher than TFLO's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
GMOC vs. TFLO - Dividend Comparison
GMOC's dividend yield for the trailing twelve months is around 2.33%, less than TFLO's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GMOC GMO Ultra-Short Income ETF | 2.33% | 0.84% | 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 | 3.89% | 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
GMOC and TFLO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TFLO is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TFLO is cheaper with a 0.15% expense ratio, compared with 0.20% for GMOC.
TFLO has the higher dividend yield at 3.89%, compared with 2.33% for GMOC.
GMOC is categorized as Ultrashort Bond, while TFLO is Government Bonds. They also come from different issuers: GMO and iShares. Their fees differ too: 0.20% for GMOC and 0.15% for TFLO.
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