TFLO vs. SOXX
TFLO (iShares Treasury Floating Rate Bond ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - TFLO is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, TFLO returned 2.36%/yr vs 33.92%/yr for SOXX. At a correlation of -0.05, they often move in opposite directions. TFLO charges 0.15%/yr vs 0.34%/yr for SOXX.
Performance
TFLO vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, TFLO achieves a 1.61% return, which is significantly lower than SOXX's 79.35% return. Over the past 10 years, TFLO has underperformed SOXX with an annualized return of 2.36%, while SOXX has yielded a comparatively higher 33.92% annualized return.
TFLO
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.61%
- 6M
- 1.88%
- 1Y
- 3.97%
- 3Y*
- 4.74%
- 5Y*
- 3.64%
- 10Y*
- 2.36%
SOXX
- 1D
- -10.44%
- 1M
- 6.49%
- YTD
- 79.35%
- 6M
- 74.82%
- 1Y
- 151.62%
- 3Y*
- 50.81%
- 5Y*
- 31.00%
- 10Y*
- 33.92%
TFLO vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 1.61% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% | 0.43% | 2.04% | 1.76% | 1.01% |
SOXX iShares Semiconductor ETF | 79.35% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
Correlation
The correlation between TFLO and SOXX is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014 | -0.05 |
The correlation between TFLO and SOXX shifts across timeframes, from -0.08 (5 years) to 0.02 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TFLO vs. SOXX — Risk / Return Rank
TFLO
SOXX
TFLO vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Floating Rate Bond ETF (TFLO) and iShares Semiconductor ETF (SOXX). 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 | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.84 | ||
| Sortino ratioReturn per unit of downside risk | +46.66 | ||
| Omega ratioGain probability vs. loss probability | 13.94 | 1.61 | +12.34 |
| Calmar ratioReturn relative to maximum drawdown | 201.22 | 9.68 | +191.55 |
| Martin ratioReturn relative to average drawdown | 823.26 | 36.37 | +786.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TFLO | SOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 14.09 | 4.25 | +9.84 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 10.30 | 0.86 | +9.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 5.19 | 1.01 | +4.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | 0.43 | +0.56 |
Drawdowns
TFLO vs. SOXX - Drawdown Comparison
The maximum TFLO drawdown since its inception was -5.01%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for TFLO and SOXX.
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Drawdown Indicators
| TFLO | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.01% | -70.21% | +65.20% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -15.77% | +15.75% |
Max Drawdown (3Y)Largest decline over 3 years | -0.04% | -41.36% | +41.32% |
Max Drawdown (5Y)Largest decline over 5 years | -0.13% | -45.75% | +45.62% |
Max Drawdown (10Y)Largest decline over 10 years | -0.16% | -45.75% | +45.59% |
Current DrawdownCurrent decline from peak | 0.00% | -12.33% | +12.33% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -19.97% | +19.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 4.19% | -4.19% |
Volatility
TFLO vs. SOXX - Volatility Comparison
The current volatility for iShares Treasury Floating Rate Bond ETF (TFLO) is 0.07%, while iShares Semiconductor ETF (SOXX) has a volatility of 17.99%. This indicates that TFLO experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TFLO | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 17.99% | -17.92% |
Volatility (6M)Calculated over the trailing 6-month period | 0.20% | 29.75% | -29.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.28% | 35.87% | -35.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.35% | 36.40% | -36.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.46% | 33.60% | -33.14% |
TFLO vs. SOXX - Expense Ratio Comparison
TFLO has a 0.15% expense ratio, which is lower than SOXX's 0.34% expense ratio.
Dividends
TFLO vs. SOXX - Dividend Comparison
TFLO's dividend yield for the trailing twelve months is around 3.90%, more than SOXX's 0.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXX iShares Semiconductor ETF | 0.31% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
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
TFLO and SOXX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (17.99%) compared to TFLO (0.07%). In terms of maximum drawdown, TFLO dropped -5.01% vs SOXX's -70.21%.
On 10-year performance, SOXX leads with 33.92% vs 2.36% 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 10-year period, SOXX has performed better with a 33.92% return vs 2.36%. 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 0.34% for SOXX.
TFLO has the higher dividend yield at 3.90%, compared with 0.31% for SOXX.
TFLO is categorized as Government Bonds, while SOXX is Semiconductors. TFLO tracks Bloomberg U.S. Treasury Floating Rate Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.15% for TFLO and 0.34% for SOXX.
TFLO currently has the higher Sharpe Ratio (14.09 vs 4.25), 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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