SCHB vs. TFLO
SCHB (Schwab U.S. Broad Market ETF) and TFLO (iShares Treasury Floating Rate Bond ETF) are both exchange-traded funds - SCHB is a Large Cap Blend Equities fund tracking the Dow Jones U.S. Broad Stock Market Index, while TFLO is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index. Both are passively managed. Over the past 10 years, SCHB returned 15.22%/yr vs 2.37%/yr for TFLO. At a correlation of -0.04, they often move in opposite directions. SCHB charges 0.03%/yr vs 0.15%/yr for TFLO.
Performance
SCHB vs. TFLO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SCHB achieves a 11.59% return, which is significantly higher than TFLO's 1.69% return. Over the past 10 years, SCHB has outperformed TFLO with an annualized return of 15.22%, while TFLO has yielded a comparatively lower 2.37% annualized return.
SCHB
- 1D
- 1.74%
- 1M
- 2.71%
- YTD
- 11.59%
- 6M
- 11.89%
- 1Y
- 28.36%
- 3Y*
- 20.97%
- 5Y*
- 12.79%
- 10Y*
- 15.22%
TFLO
- 1D
- -0.02%
- 1M
- 0.29%
- YTD
- 1.69%
- 6M
- 1.88%
- 1Y
- 3.97%
- 3Y*
- 4.70%
- 5Y*
- 3.66%
- 10Y*
- 2.37%
SCHB vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCHB Schwab U.S. Broad Market ETF | 11.59% | 16.94% | 23.93% | 26.16% | -19.46% | 25.84% | 20.76% | 30.79% | -5.43% | 21.20% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.69% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% | 0.43% | 2.04% | 1.76% | 1.01% |
Correlation
The correlation between SCHB and TFLO is 0.01, 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 | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | -0.04 |
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
SCHB vs. TFLO — Risk / Return Rank
SCHB
TFLO
SCHB vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Broad Market ETF (SCHB) 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.
| SCHB | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.77 | ||
| Sortino ratioReturn per unit of downside risk | -46.23 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 13.14 | -11.74 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 201.22 | -198.03 |
| Martin ratioReturn relative to average drawdown | 14.29 | 797.21 | -782.93 |
Loading charts...
Drawdowns
SCHB vs. TFLO - Drawdown Comparison
The maximum SCHB drawdown since its inception was -35.27%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for SCHB and TFLO.
Loading charts...
Drawdown Indicators
| SCHB | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.27% | -5.01% | -30.26% |
Max Drawdown (1Y)Largest decline over 1 year | -8.91% | -0.02% | -8.89% |
Max Drawdown (3Y)Largest decline over 3 years | -19.34% | -0.04% | -19.30% |
Max Drawdown (5Y)Largest decline over 5 years | -25.41% | -0.13% | -25.28% |
Max Drawdown (10Y)Largest decline over 10 years | -35.27% | -0.16% | -35.11% |
Current DrawdownCurrent decline from peak | -0.44% | -0.02% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -4.11% | -0.10% | -4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 0.00% | +1.99% |
Volatility
SCHB vs. TFLO - Volatility Comparison
Schwab U.S. Broad Market ETF (SCHB) has a higher volatility of 4.85% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.08%. This indicates that SCHB'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
| SCHB | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 0.08% | +4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.00% | 0.20% | +9.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 0.28% | +12.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 0.35% | +16.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 0.46% | +17.90% |
SCHB vs. TFLO - Expense Ratio Comparison
SCHB has a 0.03% 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%.
Dividends
SCHB vs. TFLO - Dividend Comparison
SCHB's dividend yield for the trailing twelve months is around 1.01%, less than TFLO's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCHB Schwab U.S. Broad Market ETF | 1.01% | 1.11% | 1.24% | 1.40% | 1.61% | 1.21% | 1.63% | 1.80% | 2.00% | 1.65% | 1.86% | 2.00% |
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
SCHB and TFLO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCHB has higher volatility (4.85%) compared to TFLO (0.08%). In terms of maximum drawdown, SCHB dropped -35.27% vs TFLO's -5.01%.
On 10-year performance, SCHB leads with 15.22% vs 2.37% for TFLO. On fees, SCHB is cheaper at 0.03% per year. On volatility, TFLO has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SCHB has performed better with a 15.22% return vs 2.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SCHB is cheaper with a 0.03% expense ratio, compared with 0.15% for TFLO.
TFLO has the higher dividend yield at 3.89%, compared with 1.01% for SCHB.
SCHB is categorized as Large Cap Blend Equities, while TFLO is Government Bonds. SCHB tracks Dow Jones U.S. Broad Stock Market Index, while TFLO tracks Bloomberg U.S. Treasury Floating Rate Index. They also come from different issuers: Charles Schwab and iShares. Their fees differ too: 0.03% for SCHB and 0.15% for TFLO.
TFLO currently has the higher Sharpe Ratio (14.02 vs 2.25), 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 SCHB 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