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.
Performance
TFLO vs. USFR - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with TFLO having a 4.69% return and USFR slightly higher at 4.79%. Over the past 10 years, TFLO has underperformed USFR with an annualized return of 1.85%, while USFR has yielded a comparatively higher 2.38% annualized return.
TFLO
4.69%
0.43%
2.46%
5.29%
2.47%
1.85%
USFR
4.79%
0.45%
2.46%
5.32%
2.52%
2.38%
Key characteristics
| TFLO | USFR | |
|---|---|---|
| Sharpe Ratio | 16.40 | 15.19 |
| Sortino Ratio | 66.99 | 56.08 |
| Omega Ratio | 17.83 | 13.95 |
| Calmar Ratio | 207.33 | 90.34 |
| Martin Ratio | 1,020.07 | 769.69 |
| Ulcer Index | 0.01% | 0.01% |
| Daily Std Dev | 0.32% | 0.35% |
| Max Drawdown | -5.01% | -1.36% |
| Current Drawdown | 0.00% | 0.00% |
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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%.
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.
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 5.34%, which matches USFR's 5.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.30% | 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
The current volatility for iShares Treasury Floating Rate Bond ETF (TFLO) is 0.07%, while WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) has a volatility of 0.09%. This indicates that TFLO experiences smaller price fluctuations and is considered to be less risky than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.