IBTL vs. TFLO
Compare and contrast key facts about iShares iBonds Dec 2031 Term Treasury ETF (IBTL) and iShares Treasury Floating Rate Bond ETF (TFLO).
IBTL and TFLO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBTL is a passively managed fund by iShares that tracks the performance of the ICE 2031 Maturity US Treasury Index. It was launched on Jul 13, 2021. 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 IBTL 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
IBTL vs. TFLO - Performance Comparison
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IBTL vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBTL iShares iBonds Dec 2031 Term Treasury ETF | -0.01% | 7.85% | 0.36% | 3.60% | -15.60% | -1.37% |
TFLO iShares Treasury Floating Rate Bond ETF | 0.92% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% |
Returns By Period
In the year-to-date period, IBTL achieves a -0.01% return, which is significantly lower than TFLO's 0.92% return.
IBTL
- 1D
- 0.22%
- 1M
- -1.66%
- YTD
- -0.01%
- 6M
- 1.07%
- 1Y
- 4.34%
- 3Y*
- 2.62%
- 5Y*
- —
- 10Y*
- —
TFLO
- 1D
- 0.00%
- 1M
- 0.30%
- YTD
- 0.92%
- 6M
- 1.98%
- 1Y
- 4.08%
- 3Y*
- 4.84%
- 5Y*
- 3.49%
- 10Y*
- 2.27%
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IBTL vs. TFLO - Expense Ratio Comparison
IBTL 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
IBTL vs. TFLO — Risk / Return Rank
IBTL
TFLO
IBTL vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2031 Term Treasury ETF (IBTL) 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.
| IBTL | TFLO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 13.83 | -12.80 |
Sortino ratioReturn per unit of downside risk | 1.54 | 45.28 | -43.74 |
Omega ratioGain probability vs. loss probability | 1.19 | 11.01 | -9.82 |
Calmar ratioReturn relative to maximum drawdown | 1.85 | 207.06 | -205.20 |
Martin ratioReturn relative to average drawdown | 5.33 | 735.43 | -730.10 |
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
| IBTL | TFLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 13.83 | -12.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 9.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 4.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.20 | 0.96 | -1.16 |
Correlation
The correlation between IBTL and TFLO is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
IBTL vs. TFLO - Dividend Comparison
IBTL's dividend yield for the trailing twelve months is around 3.93%, less than TFLO's 4.05% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTL iShares iBonds Dec 2031 Term Treasury ETF | 3.93% | 3.93% | 4.07% | 3.04% | 2.36% | 0.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TFLO iShares Treasury Floating Rate Bond ETF | 4.05% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
Drawdowns
IBTL vs. TFLO - Drawdown Comparison
The maximum IBTL drawdown since its inception was -20.93%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for IBTL and TFLO.
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Drawdown Indicators
| IBTL | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.93% | -5.01% | -15.92% |
Max Drawdown (1Y)Largest decline over 1 year | -2.48% | -0.02% | -2.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.50% | — |
Current DrawdownCurrent decline from peak | -6.82% | 0.00% | -6.82% |
Average DrawdownAverage peak-to-trough decline | -11.64% | -0.10% | -11.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.01% | +0.85% |
Volatility
IBTL vs. TFLO - Volatility Comparison
iShares iBonds Dec 2031 Term Treasury ETF (IBTL) has a higher volatility of 1.31% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that IBTL'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
| IBTL | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 0.07% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.37% | 0.21% | +2.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 0.30% | +3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.57% | 0.36% | +7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.57% | 0.50% | +7.07% |