TMDX vs. TFLO
TMDX (TransMedics Group, Inc.) is a stock, while TFLO (iShares Treasury Floating Rate Bond ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index. Over the past 5 years, TMDX returned 18.10%/yr vs 3.68%/yr for TFLO. At a correlation of -0.05, they often move in opposite directions.
Performance
TMDX vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, TMDX achieves a -36.20% return, which is significantly lower than TFLO's 1.79% return.
TMDX
- 1D
- 5.13%
- 1M
- 12.59%
- YTD
- -36.20%
- 6M
- -38.88%
- 1Y
- -41.48%
- 3Y*
- -1.03%
- 5Y*
- 18.10%
- 10Y*
- —
TFLO
- 1D
- -0.02%
- 1M
- 0.29%
- YTD
- 1.79%
- 6M
- 1.87%
- 1Y
- 3.93%
- 3Y*
- 4.72%
- 5Y*
- 3.68%
- 10Y*
- 2.38%
TMDX vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TMDX TransMedics Group, Inc. | -36.20% | 95.11% | -21.01% | 27.88% | 222.13% | -3.72% | 4.68% | -6.12% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.79% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% | 0.43% | 1.27% |
Correlation
The correlation between TMDX and TFLO is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 2, 2019 | -0.05 |
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Return for Risk
TMDX vs. TFLO — Risk / Return Rank
TMDX
TFLO
TMDX vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TransMedics Group, Inc. (TMDX) and iShares Treasury Floating Rate Bond ETF (TFLO). 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.
| TMDX | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.55 | ||
| Sortino ratioReturn per unit of downside risk | -49.61 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 13.02 | -12.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 199.14 | -199.85 |
| Martin ratioReturn relative to average drawdown | -1.68 | 788.97 | -790.65 |
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Drawdowns
TMDX vs. TFLO - Drawdown Comparison
The maximum TMDX drawdown since its inception was -73.69%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for TMDX and TFLO.
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Drawdown Indicators
| TMDX | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.69% | -5.01% | -68.68% |
Max Drawdown (1Y)Largest decline over 1 year | -58.76% | -0.02% | -58.74% |
Max Drawdown (3Y)Largest decline over 3 years | -67.79% | -0.04% | -67.75% |
Max Drawdown (5Y)Largest decline over 5 years | -67.79% | -0.13% | -67.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.16% | — |
Current DrawdownCurrent decline from peak | -55.93% | -0.02% | -55.91% |
Average DrawdownAverage peak-to-trough decline | -31.99% | -0.10% | -31.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.72% | 0.00% | +24.72% |
Volatility
TMDX vs. TFLO - Volatility Comparison
TransMedics Group, Inc. (TMDX) has a higher volatility of 13.89% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.09%. This indicates that TMDX's price experiences larger fluctuations and is considered to be riskier than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TMDX | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.89% | 0.09% | +13.80% |
Volatility (6M)Calculated over the trailing 6-month period | 44.78% | 0.20% | +44.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.31% | 0.29% | +58.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.18% | 0.36% | +71.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.71% | 0.46% | +71.25% |
Dividends
TMDX vs. TFLO - Dividend Comparison
TMDX has not paid dividends to shareholders, while TFLO's dividend yield for the trailing twelve months is around 3.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 3.89% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
TMDX TransMedics Group, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TMDX and TFLO have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TMDX has higher volatility (13.89%) compared to TFLO (0.09%). In terms of maximum drawdown, TMDX dropped -73.69% vs TFLO's -5.01%.
TFLO currently has the higher Sharpe Ratio (13.84 vs -0.72), 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.
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