NDAQ vs. TFLO
NDAQ (Nasdaq, Inc.) 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, NDAQ returned 16.09%/yr vs 2.38%/yr for TFLO. At a correlation of -0.03, they often move in opposite directions.
Performance
NDAQ vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, NDAQ achieves a -19.51% return, which is significantly lower than TFLO's 1.83% return. Over the past 10 years, NDAQ has outperformed TFLO with an annualized return of 16.09%, while TFLO has yielded a comparatively lower 2.38% annualized return.
NDAQ
- 1D
- -4.85%
- 1M
- -14.25%
- YTD
- -19.51%
- 6M
- -20.75%
- 1Y
- -10.70%
- 3Y*
- 17.72%
- 5Y*
- 6.97%
- 10Y*
- 16.09%
TFLO
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 1.83%
- 6M
- 1.91%
- 1Y
- 3.97%
- 3Y*
- 4.72%
- 5Y*
- 3.69%
- 10Y*
- 2.38%
NDAQ vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NDAQ Nasdaq, Inc. | -19.51% | 27.19% | 34.85% | -3.66% | -11.19% | 60.13% | 25.99% | 33.88% | 8.21% | 16.76% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.83% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% | 0.43% | 2.04% | 1.76% | 1.01% |
Correlation
The correlation between NDAQ 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 | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | -0.03 |
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Return for Risk
NDAQ vs. TFLO — Risk / Return Rank
NDAQ
TFLO
NDAQ vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nasdaq, Inc. (NDAQ) 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.
| NDAQ | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.36 | ||
| Sortino ratioReturn per unit of downside risk | -49.64 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 13.14 | -12.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 201.22 | -201.70 |
| Martin ratioReturn relative to average drawdown | -1.08 | 823.20 | -824.27 |
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Drawdowns
NDAQ vs. TFLO - Drawdown Comparison
The maximum NDAQ drawdown since its inception was -68.48%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for NDAQ and TFLO.
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Drawdown Indicators
| NDAQ | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.48% | -5.01% | -63.47% |
Max Drawdown (1Y)Largest decline over 1 year | -22.58% | -0.02% | -22.56% |
Max Drawdown (3Y)Largest decline over 3 years | -22.58% | -0.04% | -22.54% |
Max Drawdown (5Y)Largest decline over 5 years | -32.84% | -0.13% | -32.71% |
Max Drawdown (10Y)Largest decline over 10 years | -38.31% | -0.16% | -38.15% |
Current DrawdownCurrent decline from peak | -22.58% | 0.00% | -22.58% |
Average DrawdownAverage peak-to-trough decline | -23.79% | -0.10% | -23.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.97% | 0.00% | +9.97% |
Volatility
NDAQ vs. TFLO - Volatility Comparison
Nasdaq, Inc. (NDAQ) has a higher volatility of 11.40% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.09%. This indicates that NDAQ'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
| NDAQ | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.40% | 0.09% | +11.31% |
Volatility (6M)Calculated over the trailing 6-month period | 22.42% | 0.20% | +22.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.11% | 0.29% | +25.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.27% | 0.36% | +23.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.41% | 0.46% | +23.95% |
Dividends
NDAQ vs. TFLO - Dividend Comparison
NDAQ's dividend yield for the trailing twelve months is around 1.44%, less than TFLO's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDAQ Nasdaq, Inc. | 1.44% | 1.08% | 1.22% | 1.48% | 1.27% | 1.00% | 1.46% | 1.73% | 2.08% | 1.90% | 1.80% | 1.55% |
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
NDAQ 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.
NDAQ has higher volatility (11.40%) compared to TFLO (0.09%). In terms of maximum drawdown, NDAQ dropped -68.48% vs TFLO's -5.01%.
TFLO currently has the higher Sharpe Ratio (13.95 vs -0.41), 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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