TFLO vs. VFISX
Compare and contrast key facts about iShares Treasury Floating Rate Bond ETF (TFLO) and Vanguard Short-Term Treasury Fund Investor Shares (VFISX).
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. VFISX is managed by Vanguard. It was launched on Oct 28, 1991.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TFLO or VFISX.
Performance
TFLO vs. VFISX - Performance Comparison
Returns By Period
In the year-to-date period, TFLO achieves a 4.69% return, which is significantly higher than VFISX's 3.03% return. Over the past 10 years, TFLO has outperformed VFISX with an annualized return of 1.85%, while VFISX has yielded a comparatively lower 0.92% annualized return.
TFLO
4.69%
0.43%
2.46%
5.29%
2.47%
1.85%
VFISX
3.03%
-0.57%
2.86%
5.14%
0.66%
0.92%
Key characteristics
| TFLO | VFISX | |
|---|---|---|
| Sharpe Ratio | 16.40 | 2.05 |
| Sortino Ratio | 66.99 | 3.42 |
| Omega Ratio | 17.83 | 1.45 |
| Calmar Ratio | 207.33 | 0.93 |
| Martin Ratio | 1,020.07 | 9.51 |
| Ulcer Index | 0.01% | 0.56% |
| Daily Std Dev | 0.32% | 2.61% |
| Max Drawdown | -5.01% | -8.22% |
| Current Drawdown | 0.00% | -1.27% |
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TFLO vs. VFISX - Expense Ratio Comparison
TFLO has a 0.15% expense ratio, which is lower than VFISX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between TFLO and VFISX is 0.02, 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. VFISX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Floating Rate Bond ETF (TFLO) and Vanguard Short-Term Treasury Fund Investor Shares (VFISX). 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. VFISX - Dividend Comparison
TFLO's dividend yield for the trailing twelve months is around 5.34%, more than VFISX's 4.40% 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% |
VFISX Vanguard Short-Term Treasury Fund Investor Shares | 4.40% | 3.96% | 1.92% | 0.34% | 0.75% | 2.38% | 2.10% | 1.18% | 0.91% | 0.69% | 0.50% | 0.37% |
Drawdowns
TFLO vs. VFISX - Drawdown Comparison
The maximum TFLO drawdown since its inception was -5.01%, smaller than the maximum VFISX drawdown of -8.22%. Use the drawdown chart below to compare losses from any high point for TFLO and VFISX. For additional features, visit the drawdowns tool.
Volatility
TFLO vs. VFISX - Volatility Comparison
The current volatility for iShares Treasury Floating Rate Bond ETF (TFLO) is 0.07%, while Vanguard Short-Term Treasury Fund Investor Shares (VFISX) has a volatility of 0.68%. This indicates that TFLO experiences smaller price fluctuations and is considered to be less risky than VFISX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.