TFLO vs. DFAI
TFLO (iShares Treasury Floating Rate Bond ETF) and DFAI (Dimensional International Core Equity Market ETF) are both exchange-traded funds - TFLO is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index, while DFAI is a Foreign Large Cap Equities fund actively managed by Dimensional. TFLO is passively managed, while DFAI is actively managed. Over the past 5 years, TFLO returned 3.66%/yr vs 9.46%/yr for DFAI. At a correlation of -0.06, they often move in opposite directions. TFLO charges 0.15%/yr vs 0.18%/yr for DFAI.
Performance
TFLO vs. DFAI - Performance Comparison
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Returns By Period
In the year-to-date period, TFLO achieves a 1.71% return, which is significantly lower than DFAI's 10.05% return.
TFLO
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 1.71%
- 6M
- 1.90%
- 1Y
- 3.99%
- 3Y*
- 4.74%
- 5Y*
- 3.66%
- 10Y*
- 2.37%
DFAI
- 1D
- 0.43%
- 1M
- 2.45%
- YTD
- 10.05%
- 6M
- 11.52%
- 1Y
- 25.01%
- 3Y*
- 17.84%
- 5Y*
- 9.46%
- 10Y*
- —
TFLO vs. DFAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 1.71% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% | 0.00% |
DFAI Dimensional International Core Equity Market ETF | 10.05% | 34.04% | 4.68% | 17.60% | -12.95% | 13.86% | 5.34% |
Correlation
The correlation between TFLO and DFAI is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2020 | -0.06 |
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Return for Risk
TFLO vs. DFAI — Risk / Return Rank
TFLO
DFAI
TFLO vs. DFAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Floating Rate Bond ETF (TFLO) and Dimensional International Core Equity Market ETF (DFAI). 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.
| TFLO | DFAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +12.64 | ||
| Sortino ratioReturn per unit of downside risk | +49.06 | ||
| Omega ratioGain probability vs. loss probability | 14.07 | 1.29 | +12.78 |
| Calmar ratioReturn relative to maximum drawdown | 203.31 | 2.18 | +201.13 |
| Martin ratioReturn relative to average drawdown | 831.79 | 8.47 | +823.32 |
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Drawdowns
TFLO vs. DFAI - Drawdown Comparison
The maximum TFLO drawdown since its inception was -5.01%, smaller than the maximum DFAI drawdown of -27.44%. Use the drawdown chart below to compare losses from any high point for TFLO and DFAI.
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Drawdown Indicators
| TFLO | DFAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.01% | -27.44% | +22.43% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -10.95% | +10.93% |
Max Drawdown (3Y)Largest decline over 3 years | -0.04% | -13.25% | +13.21% |
Max Drawdown (5Y)Largest decline over 5 years | -0.13% | -27.44% | +27.31% |
Max Drawdown (10Y)Largest decline over 10 years | -0.16% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.80% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -5.11% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 2.82% | -2.82% |
Volatility
TFLO vs. DFAI - Volatility Comparison
The current volatility for iShares Treasury Floating Rate Bond ETF (TFLO) is 0.07%, while Dimensional International Core Equity Market ETF (DFAI) has a volatility of 5.12%. This indicates that TFLO experiences smaller price fluctuations and is considered to be less risky than DFAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TFLO | DFAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 5.12% | -5.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.20% | 12.29% | -12.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.28% | 14.60% | -14.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 16.01% | -15.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.45% | 15.75% | -15.30% |
TFLO vs. DFAI - Expense Ratio Comparison
TFLO has a 0.15% expense ratio, which is lower than DFAI's 0.18% 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
TFLO vs. DFAI - Dividend Comparison
TFLO's dividend yield for the trailing twelve months is around 3.89%, more than DFAI's 2.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFAI Dimensional International Core Equity Market ETF | 2.24% | 2.45% | 2.72% | 2.64% | 2.72% | 2.06% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
TFLO and DFAI have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFAI has higher volatility (5.12%) compared to TFLO (0.07%). In terms of maximum drawdown, TFLO dropped -5.01% vs DFAI's -27.44%.
On 5-year performance, DFAI leads with 9.46% vs 3.66% for TFLO. On fees, TFLO is cheaper at 0.15% per year. On volatility, TFLO has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DFAI has performed better with a 9.46% return vs 3.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TFLO is cheaper with a 0.15% expense ratio, compared with 0.18% for DFAI.
TFLO has the higher dividend yield at 3.89%, compared with 2.24% for DFAI.
TFLO is categorized as Government Bonds, while DFAI is Foreign Large Cap Equities. They also come from different issuers: iShares and Dimensional. Their fees differ too: 0.15% for TFLO and 0.18% for DFAI.
TFLO currently has the higher Sharpe Ratio (14.28 vs 1.63), 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.
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