TRSY vs. TFLO
TRSY (Xtrackers US 0-1 Year Treasury ETF) and TFLO (iShares Treasury Floating Rate Bond ETF) are both Government Bonds funds - TRSY tracks the ICE U.S. Treasury Short Bond Index while TFLO tracks the Bloomberg U.S. Treasury Floating Rate Index. Both are passively managed. Over the past year, TRSY returned 3.95% vs 3.97% for TFLO. At a 0.21 correlation, their price movements are largely independent. TRSY charges 0.06%/yr vs 0.15%/yr for TFLO.
Performance
TRSY vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, TRSY achieves a 1.48% return, which is significantly lower than TFLO's 1.59% return.
TRSY
- 1D
- -0.02%
- 1M
- 0.30%
- YTD
- 1.48%
- 6M
- 1.76%
- 1Y
- 3.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TFLO
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.59%
- 6M
- 1.92%
- 1Y
- 3.97%
- 3Y*
- 4.74%
- 5Y*
- 3.63%
- 10Y*
- 2.36%
TRSY vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TRSY Xtrackers US 0-1 Year Treasury ETF | 1.48% | 4.22% | 1.07% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.59% | 4.22% | 1.18% |
Correlation
The correlation between TRSY and TFLO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | 0.21 |
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Return for Risk
TRSY vs. TFLO — Risk / Return Rank
TRSY
TFLO
TRSY vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers US 0-1 Year Treasury ETF (TRSY) 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.
| TRSY | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.69 | ||
| Sortino ratioReturn per unit of downside risk | -22.78 | ||
| Omega ratioGain probability vs. loss probability | 6.63 | 13.94 | -7.31 |
| Calmar ratioReturn relative to maximum drawdown | 59.87 | 201.22 | -141.36 |
| Martin ratioReturn relative to average drawdown | 379.03 | 823.26 | -444.23 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRSY | TFLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.40 | 14.09 | -3.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 10.30 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 5.20 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.89 | 0.99 | +2.91 |
Drawdowns
TRSY vs. TFLO - Drawdown Comparison
The maximum TRSY drawdown since its inception was -0.82%, smaller than the maximum TFLO drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for TRSY and TFLO.
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Drawdown Indicators
| TRSY | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.82% | -5.01% | +4.19% |
Max Drawdown (1Y)Largest decline over 1 year | -0.07% | -0.02% | -0.05% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.04% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.16% | — |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -0.10% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.00% | +0.01% |
Volatility
TRSY vs. TFLO - Volatility Comparison
Xtrackers US 0-1 Year Treasury ETF (TRSY) has a higher volatility of 0.11% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that TRSY'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
| TRSY | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 0.07% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 0.24% | 0.20% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.38% | 0.28% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.07% | 0.35% | +0.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.07% | 0.46% | +0.61% |
TRSY vs. TFLO - Expense Ratio Comparison
TRSY has a 0.06% expense ratio, which is lower than TFLO's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
TRSY vs. TFLO - Dividend Comparison
TRSY's dividend yield for the trailing twelve months is around 3.73%, less than TFLO's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 3.90% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
TRSY Xtrackers US 0-1 Year Treasury ETF | 3.73% | 4.00% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRSY and TFLO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRSY has higher volatility (0.11%) compared to TFLO (0.07%). In terms of maximum drawdown, TRSY dropped -0.82% vs TFLO's -5.01%.
On 1-year performance, TFLO leads with 3.97% vs 3.95% for TRSY. On fees, TRSY is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TFLO has performed better with a 3.97% return vs 3.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TRSY is cheaper with a 0.06% expense ratio, compared with 0.15% for TFLO.
TFLO has the higher dividend yield at 3.90%, compared with 3.73% for TRSY.
TRSY tracks ICE U.S. Treasury Short Bond Index, while TFLO tracks Bloomberg U.S. Treasury Floating Rate Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for TRSY and 0.15% for TFLO.
TFLO currently has the higher Sharpe Ratio (14.09 vs 10.40), 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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