TGLB vs. TFLR
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 13.13% vs 4.96% 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
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Returns By Period
In the year-to-date period, TGLB achieves a 8.78% return, which is significantly higher than TFLR's 1.19% return.
TGLB
- 1D
- 0.09%
- 1M
- -1.24%
- YTD
- 8.78%
- 6M
- 7.27%
- 1Y
- 13.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TFLR
- 1D
- -0.06%
- 1M
- -0.11%
- YTD
- 1.19%
- 6M
- 1.27%
- 1Y
- 4.96%
- 3Y*
- 7.60%
- 5Y*
- —
- 10Y*
- —
TGLB vs. TFLR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TGLB T. Rowe Price Global Equity ETF | 8.78% | 3.99% |
TFLR T. Rowe Price Floating Rate ETF | 1.19% | 3.72% |
Correlation
The correlation between TGLB and TFLR is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.41 |
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Return for Risk
TGLB vs. TFLR — Risk / Return Rank
TGLB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TFLR
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 ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.57 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.29 | — |
| Martin ratioReturn relative to average drawdown | — | 10.43 | — |
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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.
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Drawdown Indicators
| TGLB | TFLR | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -3.49% | -0.27% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -1.83% | -0.22% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.48% | — |
Volatility
TGLB vs. TFLR - Volatility Comparison
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Volatility by Period
| TGLB | TFLR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.40% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.21% | 1.99% | +12.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.21% | 3.65% | +10.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.21% | 3.65% | +10.56% |
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 6.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
TFLR T. Rowe Price Floating Rate ETF | 6.74% | 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
TGLB and TFLR have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, TGLB leads with 13.13% vs 4.96% for TFLR. On fees, TGLB is cheaper at 0.46% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TGLB has performed better with a 13.13% return vs 4.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TGLB is cheaper with a 0.46% expense ratio, compared with 0.60% for TFLR.
TFLR has the higher dividend yield at 6.74%, compared with 0.18% for TGLB.
TGLB is categorized as Global Equities, while TFLR is Bank Loan. Their fees differ too: 0.46% for TGLB and 0.60% for TFLR.
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