TGLB vs. TFLR

Last updated Jul 21, 2026

TGLB (T. Rowe Price Global Equity ETF) and TFLR (T. Rowe Price Floating Rate ETF) are both exchange-traded funds - TGLB is a Global Equities fund managed by T. Rowe Price, while TFLR is a Bank Loan fund actively managed by T. Rowe Price. Over the past year, TGLB returned 12.65% vs 4.65% for TFLR. At a 0.41 correlation, their price movements are largely independent. TGLB charges 0.46%/yr vs 0.60%/yr for TFLR.

Performance

TGLB vs. TFLR - Performance Comparison

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

Returns By Period

In the year-to-date period, TGLB achieves a 10.62% return, which is significantly higher than TFLR's 1.84% return.

TGLB

• 1D: -0.76%
• 1M: -0.46%
• 6M: 8.63%
• YTD: 10.62%
• 1Y: 12.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 14.06%

TFLR

• 1D: 0.07%
• 1M: 0.53%
• 6M: 1.34%
• YTD: 1.84%
• 1Y: 4.65%
• 3Y*: 7.41%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.79%

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

TGLB vs. TFLR - Yearly Performance Comparison

	2026 (YTD)	2025
TGLB T. Rowe Price Global Equity ETF	10.62%	3.99%
TFLR T. Rowe Price Floating Rate ETF	1.84%	3.72%

Correlation

The correlation between TGLB and TFLR is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.41

Return for Risk

TGLB vs. TFLR — Risk / Return Rank

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

TGLB

TGLB Risk / Return Rank: 34
TGLB Sharpe Ratio Rank: 33
TGLB Sortino Ratio Rank: 32
TGLB Omega Ratio Rank: 31
TGLB Calmar Ratio Rank: 34
TGLB Martin Ratio Rank: 40

TFLR

TFLR Risk / Return Rank: 81
TFLR Sharpe Ratio Rank: 90
TFLR Sortino Ratio Rank: 92
TFLR Omega Ratio Rank: 94
TFLR Calmar Ratio Rank: 57
TFLR Martin Ratio Rank: 73

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.

TGLB vs. TFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Global Equity ETF (TGLB) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	TGLB	TFLR	Difference
Sharpe ratio: Return per unit of total volatility	0.88	2.35	-1.46
Sortino ratio: Return per unit of downside risk	1.30	3.47	-2.17
Omega ratio: Gain probability vs. loss probability	1.16	1.53	-0.36
Calmar ratio: Return relative to maximum drawdown	1.30	2.15	-0.85
Martin ratio: Return relative to average drawdown	4.58	9.76	-5.18

TGLB vs. TFLR - Sharpe Ratio Comparison

The current TGLB Sharpe Ratio is 0.88, which is lower than the TFLR Sharpe Ratio of 2.35. The chart below compares the historical Sharpe Ratios of TGLB and TFLR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TGLB vs. TFLR - Drawdown Comparison

The maximum TGLB drawdown since its inception was -9.78%, which is greater than TFLR's maximum drawdown of -4.01%. Use the drawdown chart below to compare losses from any high point for TGLB and TFLR.

Drawdown Indicators

	TGLB	TFLR	Difference
Max Drawdown Largest peak-to-trough decline	-9.78%	-4.01%	-5.77%
Max Drawdown (1Y) Largest decline over 1 year	-9.78%	-2.18%	-7.60%
Max Drawdown (3Y) Largest decline over 3 years	—	-4.01%	—
Current Drawdown Current decline from peak	-2.30%	0.00%	-2.30%
Average Drawdown Average peak-to-trough decline	-1.79%	-0.21%	-1.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	0.48%	+2.29%

Volatility

TGLB vs. TFLR - Volatility Comparison

T. Rowe Price Global Equity ETF (TGLB) has a higher volatility of 3.85% compared to T. Rowe Price Floating Rate ETF (TFLR) at 0.40%. This indicates that TGLB's price experiences larger fluctuations and is considered to be riskier than TFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGLB	TFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.85%	0.40%	+3.45%
Volatility (6M) Calculated over the trailing 6-month period	12.11%	1.75%	+10.36%
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	1.99%	+12.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.14%	3.62%	+10.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.14%	3.62%	+10.52%

TGLB vs. TFLR - Expense Ratio Comparison

TGLB has a 0.46% expense ratio, which is lower than TFLR's 0.60% expense ratio.

Dividends

TGLB vs. TFLR - Dividend Comparison

TGLB's dividend yield for the trailing twelve months is around 0.18%, less than TFLR's 6.70% yield.

Position	TTM	2025	2024	2023	2022
TFLR T. Rowe Price Floating Rate ETF	6.70%	6.93%	8.18%	7.76%	0.58%
TGLB T. Rowe Price Global Equity ETF	0.18%	0.20%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TGLB and TFLR in my portfolio?

TGLB and TFLR have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TGLB or TFLR?

TGLB has higher volatility (3.85%) compared to TFLR (0.40%). In terms of maximum drawdown, TGLB dropped -9.78% vs TFLR's -4.01%.

Which ETF is better, TGLB or TFLR?

On 1-year performance, TGLB leads with 12.65% vs 4.65% for TFLR. On fees, TGLB is cheaper at 0.46% per year. On volatility, TFLR has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TGLB or TFLR?

Over the 1-year period, TGLB has performed better with a 12.65% return vs 4.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TGLB or TFLR?

TGLB is cheaper with a 0.46% expense ratio, compared with 0.60% for TFLR.

Which ETF pays a higher dividend yield, TGLB or TFLR?

TFLR has the higher dividend yield at 6.70%, compared with 0.18% for TGLB.

What is the main difference between TGLB and TFLR?

TGLB is categorized as Global Equities, while TFLR is Bank Loan. Their fees differ too: 0.46% for TGLB and 0.60% for TFLR.

Which has better risk-adjusted returns?

TFLR currently has the higher Sharpe Ratio (2.35 vs 0.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.