TFLO vs. SHV
Compare and contrast key facts about iShares Treasury Floating Rate Bond ETF (TFLO) and iShares Short Treasury Bond ETF (SHV).
TFLO and SHV 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. SHV is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Short Treasury Bond Index. It was launched on Jan 11, 2007. Both TFLO and SHV 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 SHV.
Performance
TFLO vs. SHV - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with TFLO having a 4.69% return and SHV slightly lower at 4.52%. Over the past 10 years, TFLO has outperformed SHV with an annualized return of 1.85%, while SHV has yielded a comparatively lower 1.62% annualized return.
TFLO
4.69%
0.43%
2.46%
5.29%
2.47%
1.85%
SHV
4.52%
0.37%
2.58%
5.23%
2.26%
1.62%
Key characteristics
| TFLO | SHV | |
|---|---|---|
| Sharpe Ratio | 16.40 | 19.43 |
| Sortino Ratio | 66.99 | 132.12 |
| Omega Ratio | 17.83 | 52.69 |
| Calmar Ratio | 207.33 | 194.01 |
| Martin Ratio | 1,020.07 | 1,950.07 |
| Ulcer Index | 0.01% | 0.00% |
| Daily Std Dev | 0.32% | 0.27% |
| Max Drawdown | -5.01% | -0.46% |
| Current Drawdown | 0.00% | 0.00% |
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TFLO vs. SHV - Expense Ratio Comparison
Both TFLO and SHV have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Correlation
The correlation between TFLO and SHV is 0.17, 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.
Risk-Adjusted Performance
TFLO vs. SHV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Floating Rate Bond ETF (TFLO) and iShares Short Treasury Bond ETF (SHV). 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. SHV - Dividend Comparison
TFLO's dividend yield for the trailing twelve months is around 5.34%, more than SHV's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 5.34% | 4.89% | 1.67% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.30% | 0.15% | 0.08% | 0.00% |
SHV iShares Short Treasury Bond ETF | 5.15% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% | 0.00% | 0.00% |
Drawdowns
TFLO vs. SHV - Drawdown Comparison
The maximum TFLO drawdown since its inception was -5.01%, which is greater than SHV's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for TFLO and SHV. For additional features, visit the drawdowns tool.
Volatility
TFLO vs. SHV - Volatility Comparison
The current volatility for iShares Treasury Floating Rate Bond ETF (TFLO) is 0.07%, while iShares Short Treasury Bond ETF (SHV) has a volatility of 0.08%. This indicates that TFLO experiences smaller price fluctuations and is considered to be less risky than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.