LQDB vs. TFLO
LQDB (iShares BBB Rated Corporate Bond ETF) and TFLO (iShares Treasury Floating Rate Bond ETF) are both exchange-traded funds - LQDB is a Corporate Bonds fund tracking the iBoxx USD Liquid Investment Grade BBB 0+ Index , while TFLO is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index. Both are passively managed. Over the past 5 years, LQDB returned 0.84%/yr vs 3.63%/yr for TFLO. At a correlation of -0.02, they often move in opposite directions. Both charge a 0.15% expense ratio.
Performance
LQDB vs. TFLO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, LQDB achieves a 0.77% return, which is significantly lower than TFLO's 1.59% return.
LQDB
- 1D
- -0.18%
- 1M
- 0.58%
- YTD
- 0.77%
- 6M
- 0.56%
- 1Y
- 5.96%
- 3Y*
- 5.59%
- 5Y*
- 0.84%
- 10Y*
- —
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%
LQDB vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
LQDB iShares BBB Rated Corporate Bond ETF | 0.77% | 7.50% | 2.37% | 9.60% | -15.51% | 2.35% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.59% | 4.22% | 5.34% | 5.12% | 1.99% | -0.04% |
Correlation
The correlation between LQDB and TFLO is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 21, 2021 | -0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
LQDB vs. TFLO — Risk / Return Rank
LQDB
TFLO
LQDB vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BBB Rated Corporate Bond ETF (LQDB) 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.
| LQDB | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.62 | ||
| Sortino ratioReturn per unit of downside risk | -48.71 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 13.94 | -12.68 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 201.22 | -198.99 |
| Martin ratioReturn relative to average drawdown | 6.94 | 823.26 | -816.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| LQDB | TFLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 14.09 | -12.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 10.30 | -10.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 5.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 0.99 | -0.84 |
Drawdowns
LQDB vs. TFLO - Drawdown Comparison
The maximum LQDB drawdown since its inception was -21.63%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for LQDB and TFLO.
Loading charts...
Drawdown Indicators
| LQDB | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.63% | -5.01% | -16.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.67% | -0.02% | -2.65% |
Max Drawdown (3Y)Largest decline over 3 years | -5.90% | -0.04% | -5.86% |
Max Drawdown (5Y)Largest decline over 5 years | -21.63% | -0.13% | -21.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.16% | — |
Current DrawdownCurrent decline from peak | -0.83% | 0.00% | -0.83% |
Average DrawdownAverage peak-to-trough decline | -7.93% | -0.10% | -7.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.00% | +0.86% |
Volatility
LQDB vs. TFLO - Volatility Comparison
iShares BBB Rated Corporate Bond ETF (LQDB) has a higher volatility of 1.31% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that LQDB'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.
Loading charts...
Volatility by Period
| LQDB | 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 | 3.08% | 0.20% | +2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.07% | 0.28% | +3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.87% | 0.35% | +6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.85% | 0.46% | +6.39% |
LQDB vs. TFLO - Expense Ratio Comparison
Both LQDB and TFLO have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LQDB vs. TFLO - Dividend Comparison
LQDB's dividend yield for the trailing twelve months is around 4.70%, more than TFLO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LQDB iShares BBB Rated Corporate Bond ETF | 4.70% | 4.65% | 4.46% | 3.90% | 4.14% | 1.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
LQDB and TFLO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LQDB has higher volatility (1.31%) compared to TFLO (0.07%). In terms of maximum drawdown, LQDB dropped -21.63% vs TFLO's -5.01%.
On 5-year performance, TFLO leads with 3.63% vs 0.84% for LQDB. Both ETFs have the same 0.15% expense ratio. On volatility, TFLO has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TFLO has performed better with a 3.63% return vs 0.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQDB and TFLO have the same expense ratio: 0.15% per year.
LQDB has the higher dividend yield at 4.70%, compared with 3.90% for TFLO.
LQDB is categorized as Corporate Bonds, while TFLO is Government Bonds. LQDB tracks iBoxx USD Liquid Investment Grade BBB 0+ Index , while TFLO tracks Bloomberg U.S. Treasury Floating Rate Index.
TFLO currently has the higher Sharpe Ratio (14.09 vs 1.47), 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.
Find the right allocation for LQDB and TFLO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer