IBTF vs. TFLO
Compare and contrast key facts about iShares iBonds Dec 2025 Term Treasury ETF (IBTF) and iShares Treasury Floating Rate Bond ETF (TFLO).
IBTF and TFLO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBTF is a passively managed fund by iShares that tracks the performance of the ICE 2025 Maturity US Treasury Index. It was launched on Feb 25, 2020. 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 IBTF 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.
Performance
IBTF vs. TFLO - Performance Comparison
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IBTF vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 0.00% | 3.81% | 4.60% | 4.12% | -6.39% | -2.31% | 3.60% |
TFLO iShares Treasury Floating Rate Bond ETF | 0.94% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% | 0.10% |
Returns By Period
IBTF
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.73%
- 1Y
- 2.82%
- 3Y*
- 3.59%
- 5Y*
- 1.00%
- 10Y*
- —
TFLO
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 0.94%
- 6M
- 2.01%
- 1Y
- 4.08%
- 3Y*
- 4.85%
- 5Y*
- 3.49%
- 10Y*
- 2.27%
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IBTF vs. TFLO - Expense Ratio Comparison
IBTF has a 0.07% 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%.
Return for Risk
IBTF vs. TFLO — Risk / Return Rank
IBTF
TFLO
IBTF vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2025 Term Treasury ETF (IBTF) 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.
| IBTF | TFLO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 7.30 | 13.82 | -6.53 |
Sortino ratioReturn per unit of downside risk | 16.95 | 45.26 | -28.31 |
Omega ratioGain probability vs. loss probability | 4.26 | 11.00 | -6.75 |
Calmar ratioReturn relative to maximum drawdown | 83.22 | 207.22 | -124.00 |
Martin ratioReturn relative to average drawdown | 246.06 | 736.01 | -489.95 |
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
| IBTF | TFLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.30 | 13.82 | -6.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 9.84 | -9.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 4.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.97 | -0.51 |
Correlation
The correlation between IBTF and TFLO is 0.07, 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.
Dividends
IBTF vs. TFLO - Dividend Comparison
IBTF's dividend yield for the trailing twelve months is around 2.78%, less than TFLO's 4.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 2.78% | 3.83% | 4.32% | 4.03% | 1.93% | 0.57% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TFLO iShares Treasury Floating Rate Bond ETF | 4.00% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
Drawdowns
IBTF vs. TFLO - Drawdown Comparison
The maximum IBTF drawdown since its inception was -10.45%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for IBTF and TFLO.
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Drawdown Indicators
| IBTF | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.45% | -5.01% | -5.44% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -0.02% | -0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -9.53% | -0.13% | -9.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.50% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.42% | -0.10% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.01% | 0.00% |
Volatility
IBTF vs. TFLO - Volatility Comparison
The current volatility for iShares iBonds Dec 2025 Term Treasury ETF (IBTF) is 0.00%, while iShares Treasury Floating Rate Bond ETF (TFLO) has a volatility of 0.07%. This indicates that IBTF experiences smaller price fluctuations and is considered to be less risky 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
| IBTF | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 0.07% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 0.25% | 0.21% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.46% | 0.30% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.39% | 0.36% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.59% | 0.50% | +2.09% |