TFLO vs. USFR
Compare and contrast key facts about iShares Treasury Floating Rate Bond ETF (TFLO) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
TFLO and USFR 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. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014. Both TFLO and USFR 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 USFR.
Correlation
The correlation between TFLO and USFR is 0.13, 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. USFR - Performance Comparison
Key characteristics
TFLO:
16.57
USFR:
15.81
TFLO:
65.45
USFR:
56.10
TFLO:
17.36
USFR:
13.95
TFLO:
206.06
USFR:
90.40
TFLO:
1,009.43
USFR:
769.90
TFLO:
0.01%
USFR:
0.01%
TFLO:
0.32%
USFR:
0.34%
TFLO:
-5.01%
USFR:
-1.36%
TFLO:
0.00%
USFR:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with TFLO having a 5.11% return and USFR slightly higher at 5.21%. Both investments have delivered pretty close results over the past 10 years, with TFLO having a 2.41% annualized return and USFR not far ahead at 2.44%.
TFLO
5.11%
0.40%
2.44%
5.29%
2.53%
2.41%
USFR
5.21%
0.40%
2.47%
5.39%
2.58%
2.44%
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TFLO vs. USFR - Expense Ratio Comparison
Both TFLO and USFR 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%.
Risk-Adjusted Performance
TFLO vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Floating Rate Bond ETF (TFLO) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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. USFR - Dividend Comparison
TFLO's dividend yield for the trailing twelve months is around 4.82%, less than USFR's 5.22% 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% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.22% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% | 0.00% | 0.00% |
Drawdowns
TFLO vs. USFR - Drawdown Comparison
The maximum TFLO drawdown since its inception was -5.01%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for TFLO and USFR. For additional features, visit the drawdowns tool.
Volatility
TFLO vs. USFR - Volatility Comparison
iShares Treasury Floating Rate Bond ETF (TFLO) has a higher volatility of 0.09% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that TFLO's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.