TFNS vs. TFLR

Last updated Apr 2, 2026

Compare and contrast key facts about T. Rowe Price Financials ETF (TFNS) and T. Rowe Price Floating Rate ETF (TFLR).

TFNS and TFLR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFNS is an actively managed fund by T. Rowe Price. It was launched on Jun 11, 2025. TFLR is an actively managed fund by T. Rowe Price. It was launched on Nov 16, 2022.

Performance

TFNS vs. TFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price Financials ETF (TFNS) and T. Rowe Price Floating Rate ETF (TFLR). The values are adjusted to include any dividend payments, if applicable.

TFNS vs. TFLR - Yearly Performance Comparison

	2026 (YTD)	2025
TFNS T. Rowe Price Financials ETF	-8.56%	10.41%
TFLR T. Rowe Price Floating Rate ETF	-0.33%	4.02%

Returns By Period

In the year-to-date period, TFNS achieves a -8.56% return, which is significantly lower than TFLR's -0.33% return.

TFNS

• 1D: 0.14%
• 1M: -3.39%
• YTD: -8.56%
• 6M: -4.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TFLR

• 1D: 0.12%
• 1M: 0.99%
• YTD: -0.33%
• 6M: 1.26%
• 1Y: 5.91%
• 3Y*: 7.90%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TFNS vs. TFLR - Expense Ratio Comparison

TFNS has a 0.44% expense ratio, which is lower than TFLR's 0.60% expense ratio.

TFLR

T. Rowe Price Floating Rate ETF

TFNS

T. Rowe Price Financials ETF

Return for Risk

TFNS vs. TFLR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TFLR

TFLR Risk / Return Rank: 69
TFLR Sharpe Ratio Rank: 60
TFLR Sortino Ratio Rank: 54
TFLR Omega Ratio Rank: 92
TFLR Calmar Ratio Rank: 62
TFLR Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TFNS vs. TFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Financials ETF (TFNS) and T. Rowe Price Floating Rate ETF (TFLR). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TFNS	TFLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	2.11	-2.03

Correlation

The correlation between TFNS and TFLR is 0.35, 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.

Dividends

TFNS vs. TFLR - Dividend Comparison

TFNS's dividend yield for the trailing twelve months is around 0.54%, less than TFLR's 6.94% yield.

	TTM	2025	2024	2023	2022
TFNS T. Rowe Price Financials ETF	0.54%	0.49%	0.00%	0.00%	0.00%
TFLR T. Rowe Price Floating Rate ETF	6.94%	6.93%	8.18%	7.76%	0.58%

Drawdowns

TFNS vs. TFLR - Drawdown Comparison

The maximum TFNS drawdown since its inception was -14.00%, which is greater than TFLR's maximum drawdown of -4.01%. Use the drawdown chart below to compare losses from any high point for TFNS and TFLR.

Drawdown Indicators

	TFNS	TFLR	Difference
Max Drawdown Largest peak-to-trough decline	-14.00%	-4.01%	-9.99%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.50%	—
Current Drawdown Current decline from peak	-11.11%	-0.83%	-10.28%
Average Drawdown Average peak-to-trough decline	-3.14%	-0.22%	-2.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.64%	—

Volatility

Volatility by Period

	TFNS	TFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.89%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	15.46%	5.47%	+9.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	3.74%	+11.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	3.74%	+11.72%