TACU vs. TFLR

Last updated Jun 6, 2026

TACU (T. Rowe Price Active Core U.S. Equity ETF) and TFLR (T. Rowe Price Floating Rate ETF) are both exchange-traded funds - TACU is a Large Cap Blend Equities fund actively managed by T. Rowe Price, while TFLR is a Bank Loan fund actively managed by T. Rowe Price. Both are actively managed. A 0.55 correlation means they provide meaningful diversification when combined. TACU charges 0.14%/yr vs 0.60%/yr for TFLR.

Performance

TACU vs. TFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Active Core U.S. Equity ETF (TACU) and T. Rowe Price Floating Rate ETF (TFLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TACU achieves a 7.92% return, which is significantly higher than TFLR's 1.21% return.

TACU

• 1D: -2.43%
• 1M: 0.41%
• YTD: 7.92%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TFLR

• 1D: -0.21%
• 1M: 0.02%
• YTD: 1.21%
• 6M: 1.72%
• 1Y: 5.52%
• 3Y*: 8.05%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TACU vs. TFLR - Yearly Performance Comparison

	2026 (YTD)	2025
TACU T. Rowe Price Active Core U.S. Equity ETF	7.92%	-0.66%
TFLR T. Rowe Price Floating Rate ETF	1.21%	0.31%

Correlation

The correlation between TACU and TFLR is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.55

Return for Risk

TACU vs. TFLR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TFLR

TFLR Risk / Return Rank: 78
TFLR Sharpe Ratio Rank: 87
TFLR Sortino Ratio Rank: 91
TFLR Omega Ratio Rank: 94
TFLR Calmar Ratio Rank: 53
TFLR Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TACU vs. TFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Active Core U.S. Equity ETF (TACU) and T. Rowe Price Floating Rate ETF (TFLR). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TACU	TFLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.80	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	2.16	-1.01

Drawdowns

TACU vs. TFLR - Drawdown Comparison

The maximum TACU drawdown since its inception was -8.91%, which is greater than TFLR's maximum drawdown of -4.01%. Use the drawdown chart below to compare losses from any high point for TACU and TFLR.

Drawdown Indicators

	TACU	TFLR	Difference
Max Drawdown Largest peak-to-trough decline	-8.91%	-4.01%	-4.90%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.01%	—
Current Drawdown Current decline from peak	-2.68%	-0.25%	-2.43%
Average Drawdown Average peak-to-trough decline	-1.57%	-0.21%	-1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.47%	—

Volatility

Volatility by Period

	TACU	TFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.75%	1.99%	+11.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.75%	3.68%	+10.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.75%	3.68%	+10.07%

TACU vs. TFLR - Expense Ratio Comparison

TACU has a 0.14% expense ratio, which is lower than TFLR's 0.60% expense ratio.

Dividends

TACU vs. TFLR - Dividend Comparison

TACU has not paid dividends to shareholders, while TFLR's dividend yield for the trailing twelve months is around 6.78%.

Position	TTM	2025	2024	2023	2022
TACU T. Rowe Price Active Core U.S. Equity ETF	0.00%	0.00%	0.00%	0.00%	0.00%
TFLR T. Rowe Price Floating Rate ETF	6.78%	6.93%	8.18%	7.76%	0.58%

Frequently Asked Questions

Can I hold both TACU and TFLR in my portfolio?

TACU and TFLR have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TACU or TFLR?

On fees, TACU is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TACU or TFLR?

TACU is cheaper with a 0.14% expense ratio, compared with 0.60% for TFLR.

Which ETF pays a higher dividend yield, TACU or TFLR?

TFLR has the higher dividend yield at 6.78%, compared with 0.00% for TACU.

What is the main difference between TACU and TFLR?

TACU is categorized as Large Cap Blend Equities, while TFLR is Bank Loan. Their fees differ too: 0.14% for TACU and 0.60% for TFLR.