TFLO vs. SGOV
Compare and contrast key facts about iShares Treasury Floating Rate Bond ETF (TFLO) and iShares 0-3 Month Treasury Bond ETF (SGOV).
TFLO and SGOV 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. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both TFLO and SGOV 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 SGOV.
Correlation
The correlation between TFLO and SGOV is 0.37, 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. SGOV - Performance Comparison
Key characteristics
TFLO:
16.61
SGOV:
21.69
TFLO:
65.70
SGOV:
517.80
TFLO:
17.43
SGOV:
518.80
TFLO:
206.86
SGOV:
531.35
TFLO:
1,013.34
SGOV:
8,434.89
TFLO:
0.01%
SGOV:
0.00%
TFLO:
0.32%
SGOV:
0.24%
TFLO:
-5.01%
SGOV:
-0.03%
TFLO:
0.00%
SGOV:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with TFLO having a 5.15% return and SGOV slightly lower at 5.09%.
TFLO
5.15%
0.44%
2.48%
5.31%
2.53%
2.42%
SGOV
5.09%
0.37%
2.52%
5.30%
N/A
N/A
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TFLO vs. SGOV - Expense Ratio Comparison
TFLO has a 0.15% expense ratio, which is higher than SGOV's 0.03% 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. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Floating Rate Bond ETF (TFLO) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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. SGOV - Dividend Comparison
TFLO's dividend yield for the trailing twelve months is around 4.82%, more than SGOV's 4.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 4.82% | 4.89% | 1.67% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.30% | 0.15% | 0.08% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.72% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TFLO vs. SGOV - Drawdown Comparison
The maximum TFLO drawdown since its inception was -5.01%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for TFLO and SGOV. For additional features, visit the drawdowns tool.
Volatility
TFLO vs. SGOV - Volatility Comparison
iShares Treasury Floating Rate Bond ETF (TFLO) has a higher volatility of 0.09% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.07%. This indicates that TFLO's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.