SHV vs. TFLO
Compare and contrast key facts about iShares Short Treasury Bond ETF (SHV) and iShares Treasury Floating Rate Bond ETF (TFLO).
SHV and TFLO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHV is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Short Treasury Bond Index. It was launched on Jan 11, 2007. 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 SHV 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHV or TFLO.
Key characteristics
| SHV | TFLO | |
|---|---|---|
| YTD Return | 1.59% | 1.89% |
| 1Y Return | 5.21% | 5.47% |
| 3Y Return (Ann) | 2.49% | 2.98% |
| 5Y Return (Ann) | 1.95% | 2.13% |
| 10Y Return (Ann) | 1.34% | 1.61% |
| Sharpe Ratio | 18.33 | 15.62 |
| Daily Std Dev | 0.28% | 0.35% |
| Max Drawdown | -0.46% | -5.01% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SHV and TFLO is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SHV vs. TFLO - Performance Comparison
In the year-to-date period, SHV achieves a 1.59% return, which is significantly lower than TFLO's 1.89% return. Over the past 10 years, SHV has underperformed TFLO with an annualized return of 1.34%, while TFLO has yielded a comparatively higher 1.61% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SHV vs. TFLO - Expense Ratio Comparison
Both SHV 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%.
Risk-Adjusted Performance
SHV vs. TFLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Treasury Bond ETF (SHV) 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.
Dividends
SHV vs. TFLO - Dividend Comparison
SHV's dividend yield for the trailing twelve months is around 4.68%, less than TFLO's 4.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHV iShares Short Treasury Bond ETF | 4.68% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% | 0.00% | 0.00% |
TFLO iShares Treasury Floating Rate Bond ETF | 4.84% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% | 0.08% | 0.00% |
Drawdowns
SHV vs. TFLO - Drawdown Comparison
The maximum SHV drawdown since its inception was -0.46%, smaller than the maximum TFLO drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for SHV and TFLO. For additional features, visit the drawdowns tool.
Volatility
SHV vs. TFLO - Volatility Comparison
iShares Short Treasury Bond ETF (SHV) and iShares Treasury Floating Rate Bond ETF (TFLO) have volatilities of 0.07% and 0.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.