TFLO vs. GBIL
Compare and contrast key facts about iShares Treasury Floating Rate Bond ETF (TFLO) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL).
TFLO and GBIL 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. GBIL is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE US Treasury 0-1 Year Composite Select Index. It was launched on Sep 6, 2016. Both TFLO and GBIL 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 GBIL.
Key characteristics
| TFLO | GBIL | |
|---|---|---|
| YTD Return | 4.24% | 4.17% |
| 1Y Return | 5.30% | 5.42% |
| 3Y Return (Ann) | 3.78% | 3.36% |
| 5Y Return (Ann) | 2.43% | 2.22% |
| Sharpe Ratio | 15.70 | 4.86 |
| Sortino Ratio | 58.07 | 6.97 |
| Omega Ratio | 15.08 | 6.90 |
| Calmar Ratio | 134.24 | 7.17 |
| Martin Ratio | 898.51 | 30.48 |
| Ulcer Index | 0.01% | 0.18% |
| Daily Std Dev | 0.34% | 1.11% |
| Max Drawdown | -5.01% | -0.76% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TFLO and GBIL is 0.20, 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
TFLO vs. GBIL - Performance Comparison
The year-to-date returns for both stocks are quite close, with TFLO having a 4.24% return and GBIL slightly lower at 4.17%. 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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TFLO vs. GBIL - Expense Ratio Comparison
TFLO has a 0.15% expense ratio, which is higher than GBIL's 0.12% 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%.
Risk-Adjusted Performance
TFLO vs. GBIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Floating Rate Bond ETF (TFLO) and Goldman Sachs Access Treasury 0-1 Year ETF (GBIL). 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. GBIL - Dividend Comparison
TFLO's dividend yield for the trailing twelve months is around 5.40%, more than GBIL's 5.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 5.40% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% | 0.08% |
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 5.16% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% | 0.00% | 0.00% |
Drawdowns
TFLO vs. GBIL - Drawdown Comparison
The maximum TFLO drawdown since its inception was -5.01%, which is greater than GBIL's maximum drawdown of -0.76%. Use the drawdown chart below to compare losses from any high point for TFLO and GBIL. For additional features, visit the drawdowns tool.
Volatility
TFLO vs. GBIL - Volatility Comparison
The current volatility for iShares Treasury Floating Rate Bond ETF (TFLO) is 0.07%, while Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) has a volatility of 0.08%. This indicates that TFLO experiences smaller price fluctuations and is considered to be less risky than GBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.