TFLO vs. BIL
Compare and contrast key facts about iShares Treasury Floating Rate Bond ETF (TFLO) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
TFLO and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007. Both TFLO and BIL 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: TFLO or BIL.
Performance
TFLO vs. BIL - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with TFLO having a 4.69% return and BIL slightly lower at 4.60%. Over the past 10 years, TFLO has outperformed BIL with an annualized return of 1.85%, while BIL has yielded a comparatively lower 1.56% annualized return.
TFLO
4.69%
0.43%
2.46%
5.29%
2.47%
1.85%
BIL
4.60%
0.35%
2.55%
5.23%
2.27%
1.56%
Key characteristics
| TFLO | BIL | |
|---|---|---|
| Sharpe Ratio | 16.40 | 20.35 |
| Sortino Ratio | 66.99 | 273.58 |
| Omega Ratio | 17.83 | 158.96 |
| Calmar Ratio | 207.33 | 483.90 |
| Martin Ratio | 1,020.07 | 4,456.43 |
| Ulcer Index | 0.01% | 0.00% |
| Daily Std Dev | 0.32% | 0.26% |
| Max Drawdown | -5.01% | -0.77% |
| Current Drawdown | 0.00% | 0.00% |
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TFLO vs. BIL - Expense Ratio Comparison
TFLO has a 0.15% expense ratio, which is higher than BIL's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between TFLO and BIL is 0.17, 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.
Risk-Adjusted Performance
TFLO vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Floating Rate Bond ETF (TFLO) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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
TFLO vs. BIL - Dividend Comparison
TFLO's dividend yield for the trailing twelve months is around 5.34%, more than BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 5.34% | 4.89% | 1.67% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.30% | 0.15% | 0.08% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 0.00% |
Drawdowns
TFLO vs. BIL - Drawdown Comparison
The maximum TFLO drawdown since its inception was -5.01%, which is greater than BIL's maximum drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for TFLO and BIL. For additional features, visit the drawdowns tool.
Volatility
TFLO vs. BIL - Volatility Comparison
The current volatility for iShares Treasury Floating Rate Bond ETF (TFLO) is 0.07%, while SPDR Barclays 1-3 Month T-Bill ETF (BIL) has a volatility of 0.08%. This indicates that TFLO experiences smaller price fluctuations and is considered to be less risky than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.