TFLO vs. CASH

Last updated Jun 4, 2026

TFLO (iShares Treasury Floating Rate Bond ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index, while CASH (Meta Financial Group, Inc.) is a stock. Over the past 10 years, TFLO returned 2.37%/yr vs 17.04%/yr for CASH. At a correlation of -0.05, they often move in opposite directions.

Performance

TFLO vs. CASH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Treasury Floating Rate Bond ETF (TFLO) and Meta Financial Group, Inc. (CASH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TFLO achieves a 1.59% return, which is significantly lower than CASH's 9.55% return. Over the past 10 years, TFLO has underperformed CASH with an annualized return of 2.37%, while CASH has yielded a comparatively higher 17.04% annualized return.

TFLO

• 1D: 0.02%
• 1M: 0.31%
• YTD: 1.59%
• 6M: 1.92%
• 1Y: 3.97%
• 3Y*: 4.74%
• 5Y*: 3.63%
• 10Y*: 2.37%

CASH

• 1D: -4.51%
• 1M: -9.31%
• YTD: 9.55%
• 6M: 5.03%
• 1Y: -0.13%
• 3Y*: 17.32%
• 5Y*: 8.27%
• 10Y*: 17.04%

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

TFLO vs. CASH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TFLO iShares Treasury Floating Rate Bond ETF	1.59%	4.22%	5.34%	5.12%	1.99%	-0.02%	0.43%	2.04%	1.76%	1.01%
CASH Meta Financial Group, Inc.	9.55%	-3.25%	39.47%	23.45%	-27.48%	63.82%	0.94%	89.68%	-36.81%	-9.39%

Correlation

The correlation between TFLO and CASH is -0.08, 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	-0.08
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	-0.06
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014	-0.05

Return for Risk

TFLO vs. CASH — Risk / Return Rank

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

TFLO

TFLO Risk / Return Rank: 100
TFLO Sharpe Ratio Rank: 100
TFLO Sortino Ratio Rank: 100
TFLO Omega Ratio Rank: 100
TFLO Calmar Ratio Rank: 100
TFLO Martin Ratio Rank: 100

CASH

CASH Risk / Return Rank: 37
CASH Sharpe Ratio Rank: 40
CASH Sortino Ratio Rank: 34
CASH Omega Ratio Rank: 34
CASH Calmar Ratio Rank: 40
CASH Martin Ratio Rank: 40

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.

TFLO vs. CASH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Floating Rate Bond ETF (TFLO) and Meta Financial Group, Inc. (CASH). 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.

	TFLO	CASH	Difference
Sharpe ratio: Return per unit of total volatility	14.09	-0.00	+14.09
Sortino ratio: Return per unit of downside risk	50.86	0.19	+50.67
Omega ratio: Gain probability vs. loss probability	13.94	1.03	+12.92
Calmar ratio: Return relative to maximum drawdown	201.22	-0.01	+201.23
Martin ratio: Return relative to average drawdown	823.26	-0.01	+823.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TFLO vs. CASH - Sharpe Ratio Comparison

The current TFLO Sharpe Ratio is 14.09, which is higher than the CASH Sharpe Ratio of -0.00. The chart below compares the historical Sharpe Ratios of TFLO and CASH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TFLO	CASH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	14.09	-0.00	+14.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	10.30	0.25	+10.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	5.21	0.41	+4.79
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	0.30	+0.69

Drawdowns

TFLO vs. CASH - Drawdown Comparison

The maximum TFLO drawdown since its inception was -5.01%, smaller than the maximum CASH drawdown of -83.66%. Use the drawdown chart below to compare losses from any high point for TFLO and CASH.

Drawdown Indicators

	TFLO	CASH	Difference
Max Drawdown Largest peak-to-trough decline	-5.01%	-83.66%	+78.65%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-22.21%	+22.19%
Max Drawdown (3Y) Largest decline over 3 years	-0.04%	-25.20%	+25.16%
Max Drawdown (5Y) Largest decline over 5 years	-0.13%	-50.84%	+50.71%
Max Drawdown (10Y) Largest decline over 10 years	-0.16%	-64.90%	+64.74%
Current Drawdown Current decline from peak	0.00%	-22.21%	+22.21%
Average Drawdown Average peak-to-trough decline	-0.10%	-22.89%	+22.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	10.65%	-10.65%

Volatility

TFLO vs. CASH - Volatility Comparison

The current volatility for iShares Treasury Floating Rate Bond ETF (TFLO) is 0.07%, while Meta Financial Group, Inc. (CASH) has a volatility of 8.13%. This indicates that TFLO experiences smaller price fluctuations and is considered to be less risky than CASH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TFLO	CASH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.07%	8.13%	-8.06%
Volatility (6M) Calculated over the trailing 6-month period	0.20%	22.81%	-22.61%
Volatility (1Y) Calculated over the trailing 1-year period	0.28%	28.80%	-28.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.35%	33.62%	-33.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.46%	41.30%	-40.84%

Dividends

TFLO vs. CASH - Dividend Comparison

TFLO's dividend yield for the trailing twelve months is around 3.90%, more than CASH's 0.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CASH Meta Financial Group, Inc.	0.26%	0.28%	0.27%	0.38%	0.46%	0.34%	0.55%	0.55%	0.96%	0.56%	0.51%	1.13%
TFLO iShares Treasury Floating Rate Bond ETF	3.90%	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

Can I hold both TFLO and CASH in my portfolio?

TFLO and CASH have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TFLO or CASH?

CASH has higher volatility (8.13%) compared to TFLO (0.07%). In terms of maximum drawdown, TFLO dropped -5.01% vs CASH's -83.66%.

Which has better risk-adjusted returns?

TFLO currently has the higher Sharpe Ratio (14.09 vs -0.00), 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.