TFLO vs. IBTE

Last updated Jun 4, 2026

TFLO (iShares Treasury Floating Rate Bond ETF) and IBTE (iShares iBonds Dec 2024 Term Treasury ETF) are both Government Bonds funds from iShares - TFLO tracks the Bloomberg U.S. Treasury Floating Rate Index while IBTE tracks the ICE 2024 Maturity US Treasury Index. Both are passively managed. TFLO charges 0.15%/yr vs 0.07%/yr for IBTE.

Performance

TFLO vs. IBTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Treasury Floating Rate Bond ETF (TFLO) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

IBTE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TFLO vs. IBTE - Yearly Performance Comparison

	2026 (YTD)
TFLO iShares Treasury Floating Rate Bond ETF	1.15%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%

Return for Risk

TFLO vs. IBTE — 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

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. IBTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Floating Rate Bond ETF (TFLO) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). 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	IBTE	Difference
Sharpe ratio: Return per unit of total volatility	14.09	—	—
Sortino ratio: Return per unit of downside risk	50.86	—	—
Omega ratio: Gain probability vs. loss probability	13.94	—	—
Calmar ratio: Return relative to maximum drawdown	201.22	—	—
Martin ratio: Return relative to average drawdown	823.26	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TFLO	IBTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	14.09	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	10.30	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	5.21	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.99	—	—

Drawdowns

TFLO vs. IBTE - Drawdown Comparison

The maximum TFLO drawdown since its inception was -5.01%, which is greater than IBTE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TFLO and IBTE.

Drawdown Indicators

	TFLO	IBTE	Difference
Max Drawdown Largest peak-to-trough decline	-5.01%	0.00%	-5.01%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-0.13%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-0.16%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.10%	0.00%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	—	—

Volatility

Volatility by Period

	TFLO	IBTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.28%	0.00%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.35%	0.00%	+0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.46%	0.00%	+0.46%

TFLO vs. IBTE - Expense Ratio Comparison

TFLO has a 0.15% expense ratio, which is higher than IBTE's 0.07% 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%.

Dividends

TFLO vs. IBTE - Dividend Comparison

TFLO's dividend yield for the trailing twelve months is around 3.90%, while IBTE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Which ETF is better, TFLO or IBTE?

On fees, IBTE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TFLO or IBTE?

IBTE is cheaper with a 0.07% expense ratio, compared with 0.15% for TFLO.

Which ETF pays a higher dividend yield, TFLO or IBTE?

TFLO has the higher dividend yield at 3.90%, compared with 0.00% for IBTE.

What is the main difference between TFLO and IBTE?

TFLO tracks Bloomberg U.S. Treasury Floating Rate Index, while IBTE tracks ICE 2024 Maturity US Treasury Index. Their fees differ too: 0.15% for TFLO and 0.07% for IBTE.