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 16.67%/yr vs 2.42%/yr for TFLO. Their -0.03 correlation means they have often moved in opposite directions in the past.
Performance
NDAQ vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, NDAQ achieves a -1.99% return, which is significantly lower than TFLO's 2.26% return. Over the past 10 years, NDAQ has outperformed TFLO with an annualized return of 16.67%, while TFLO has yielded a comparatively lower 2.42% annualized return.
NDAQ
- 1D
- 1.00%
- 1M
- 11.95%
- 6M
- 7.58%
- YTD
- -1.99%
- 1Y
- -0.61%
- 3Y*
- 25.84%
- 5Y*
- 9.98%
- 10Y*
- 16.67%
- ALL TIME*
- 14.07%
TFLO
- 1D
- -0.02%
- 1M
- 0.34%
- 6M
- 1.86%
- YTD
- 2.26%
- 1Y
- 3.90%
- 3Y*
- 4.64%
- 5Y*
- 3.77%
- 10Y*
- 2.42%
- ALL TIME*
- 1.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
NDAQ Nasdaq, Inc. | $368.48M | $369.14M | $354.79M |
| $85.44M | $74.46M | $74.23M |
NDAQ vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NDAQ Nasdaq, Inc. | -1.99% | 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 | 2.26% | 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 -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.07 |
Correlation (3Y) Balances recent behavior with more history. | -0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.08 |
Correlation (10Y) Provides a long-term view across more market conditions. | -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 | -13.61 | ||
| Sortino ratioReturn per unit of downside risk | -45.51 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 11.63 | -10.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | 197.78 | -197.81 |
| Martin ratioReturn relative to average drawdown | -0.06 | 738.86 | -738.92 |
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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 | -23.39% | -0.02% | -23.37% |
Max Drawdown (3Y)Largest decline over 3 years | -23.39% | -0.04% | -23.35% |
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 | -5.72% | -0.02% | -5.70% |
Average DrawdownAverage peak-to-trough decline | -23.74% | -0.10% | -23.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.76% | 0.01% | +10.75% |
Volatility
NDAQ vs. TFLO - Volatility Comparison
Nasdaq, Inc. (NDAQ) has a higher volatility of 8.52% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. 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 | 8.52% | 0.07% | +8.45% |
Volatility (6M)Calculated over the trailing 6-month period | 22.17% | 0.20% | +21.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.31% | 0.29% | +27.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.65% | 0.35% | +24.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.59% | 0.45% | +24.14% |
Dividends
NDAQ vs. TFLO - Dividend Comparison
NDAQ's dividend yield for the trailing twelve months is around 1.18%, less than TFLO's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NDAQ Nasdaq, Inc. | 1.18% | 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 | 3.79% | 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 -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NDAQ has higher volatility (8.52%) compared to TFLO (0.07%). In terms of maximum drawdown, NDAQ dropped -68.48% vs TFLO's -5.01%.
TFLO currently has the higher Sharpe Ratio (13.59 vs -0.02), 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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