TFLO vs. VRIG
Compare and contrast key facts about iShares Treasury Floating Rate Bond ETF (TFLO) and Invesco Variable Rate Investment Grade ETF (VRIG).
TFLO and VRIG 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. VRIG is an actively managed fund by Invesco. It was launched on Sep 22, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TFLO or VRIG.
Key characteristics
| TFLO | VRIG | |
|---|---|---|
| YTD Return | 3.59% | 4.68% |
| 1Y Return | 5.34% | 7.03% |
| 3Y Return (Ann) | 3.56% | 4.35% |
| 5Y Return (Ann) | 2.34% | 3.41% |
| Sharpe Ratio | 15.26 | 8.70 |
| Daily Std Dev | 0.35% | 0.81% |
| Max Drawdown | -5.01% | -13.04% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TFLO and VRIG is 0.04, 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. VRIG - Performance Comparison
In the year-to-date period, TFLO achieves a 3.59% return, which is significantly lower than VRIG's 4.68% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TFLO vs. VRIG - Expense Ratio Comparison
TFLO has a 0.15% expense ratio, which is lower than VRIG's 0.30% expense ratio.
Risk-Adjusted Performance
TFLO vs. VRIG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Treasury Floating Rate Bond ETF (TFLO) and Invesco Variable Rate Investment Grade ETF (VRIG). 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. VRIG - Dividend Comparison
TFLO's dividend yield for the trailing twelve months is around 5.41%, less than VRIG's 6.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 4.97% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% | 0.08% |
VRIG Invesco Variable Rate Investment Grade ETF | 6.26% | 5.97% | 2.39% | 0.78% | 1.57% | 3.12% | 2.89% | 2.31% | 0.60% | 0.00% | 0.00% |
Drawdowns
TFLO vs. VRIG - Drawdown Comparison
The maximum TFLO drawdown since its inception was -5.01%, smaller than the maximum VRIG drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for TFLO and VRIG. For additional features, visit the drawdowns tool.
Volatility
TFLO vs. VRIG - Volatility Comparison
The current volatility for iShares Treasury Floating Rate Bond ETF (TFLO) is 0.11%, while Invesco Variable Rate Investment Grade ETF (VRIG) has a volatility of 0.31%. This indicates that TFLO experiences smaller price fluctuations and is considered to be less risky than VRIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.