TFLO vs. SPAXX
Compare and contrast key facts about iShares Treasury Floating Rate Bond ETF (TFLO) and Fidelity Government Money Market Fund (SPAXX).
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. SPAXX is managed by Fidelity. It was launched on Feb 5, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TFLO or SPAXX.
Correlation
The correlation between TFLO and SPAXX is 0.01, 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. SPAXX - Performance Comparison
Key characteristics
TFLO:
15.36
SPAXX:
3.22
TFLO:
0.01%
SPAXX:
0.00%
TFLO:
0.32%
SPAXX:
1.34%
TFLO:
-5.01%
SPAXX:
0.00%
TFLO:
0.00%
SPAXX:
0.00%
Returns By Period
In the year-to-date period, TFLO achieves a 1.26% return, which is significantly higher than SPAXX's 0.65% return. Over the past 10 years, TFLO has outperformed SPAXX with an annualized return of 2.02%, while SPAXX has yielded a comparatively lower 1.28% annualized return.
TFLO
1.26%
0.30%
2.31%
4.87%
2.73%
2.02%
SPAXX
0.65%
0.00%
1.76%
4.32%
2.31%
1.28%
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TFLO vs. SPAXX - Expense Ratio Comparison
Risk-Adjusted Performance
TFLO vs. SPAXX — Risk-Adjusted Performance Rank
TFLO
SPAXX
TFLO vs. SPAXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Floating Rate Bond ETF (TFLO) and Fidelity Government Money Market Fund (SPAXX). 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. SPAXX - Dividend Comparison
TFLO's dividend yield for the trailing twelve months is around 4.79%, more than SPAXX's 4.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 4.79% | 5.21% | 4.89% | 1.67% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.30% | 0.15% | 0.08% |
SPAXX Fidelity Government Money Market Fund | 4.56% | 4.81% | 4.68% | 1.30% | 0.01% | 0.26% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TFLO vs. SPAXX - Drawdown Comparison
The maximum TFLO drawdown since its inception was -5.01%, which is greater than SPAXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for TFLO and SPAXX. For additional features, visit the drawdowns tool.
Volatility
TFLO vs. SPAXX - Volatility Comparison
iShares Treasury Floating Rate Bond ETF (TFLO) has a higher volatility of 0.08% compared to Fidelity Government Money Market Fund (SPAXX) at 0.00%. This indicates that TFLO's price experiences larger fluctuations and is considered to be riskier than SPAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.