TSLX vs. TFLO
TSLX (Sixth Street Specialty Lending, 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 10 years, TSLX returned 11.59%/yr vs 2.37%/yr for TFLO. At a correlation of -0.02, they often move in opposite directions.
Performance
TSLX vs. TFLO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSLX achieves a -18.34% return, which is significantly lower than TFLO's 1.59% return. Over the past 10 years, TSLX has outperformed TFLO with an annualized return of 11.59%, while TFLO has yielded a comparatively lower 2.37% annualized return.
TSLX
- 1D
- -3.41%
- 1M
- -12.60%
- YTD
- -18.34%
- 6M
- -18.48%
- 1Y
- -19.12%
- 3Y*
- 7.37%
- 5Y*
- 4.82%
- 10Y*
- 11.59%
TFLO
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 1.59%
- 6M
- 1.92%
- 1Y
- 3.97%
- 3Y*
- 4.74%
- 5Y*
- 3.63%
- 10Y*
- 2.37%
TSLX vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSLX Sixth Street Specialty Lending, Inc. | -18.34% | 11.52% | 8.83% | 35.29% | -16.37% | 32.33% | 9.77% | 29.62% | 0.36% | 15.47% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.59% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% | 0.43% | 2.04% | 1.76% | 1.01% |
Correlation
The correlation between TSLX 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 | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2014 | -0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSLX vs. TFLO — Risk / Return Rank
TSLX
TFLO
TSLX vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sixth Street Specialty Lending, Inc. (TSLX) 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.
| TSLX | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.88 | ||
| Sortino ratioReturn per unit of downside risk | -51.84 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 13.94 | -13.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 201.22 | -201.91 |
| Martin ratioReturn relative to average drawdown | -1.33 | 823.26 | -824.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TSLX | TFLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.79 | 14.09 | -14.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 10.30 | -10.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 5.21 | -4.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.99 | -0.47 |
Drawdowns
TSLX vs. TFLO - Drawdown Comparison
The maximum TSLX drawdown since its inception was -50.27%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for TSLX and TFLO.
Loading charts...
Drawdown Indicators
| TSLX | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.27% | -5.01% | -45.26% |
Max Drawdown (1Y)Largest decline over 1 year | -27.94% | -0.02% | -27.92% |
Max Drawdown (3Y)Largest decline over 3 years | -27.94% | -0.04% | -27.90% |
Max Drawdown (5Y)Largest decline over 5 years | -28.77% | -0.13% | -28.64% |
Max Drawdown (10Y)Largest decline over 10 years | -50.27% | -0.16% | -50.11% |
Current DrawdownCurrent decline from peak | -26.24% | 0.00% | -26.24% |
Average DrawdownAverage peak-to-trough decline | -9.07% | -0.10% | -8.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.42% | 0.00% | +14.42% |
Volatility
TSLX vs. TFLO - Volatility Comparison
Sixth Street Specialty Lending, Inc. (TSLX) has a higher volatility of 11.89% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that TSLX'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.
Loading charts...
Volatility by Period
| TSLX | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.89% | 0.07% | +11.82% |
Volatility (6M)Calculated over the trailing 6-month period | 20.55% | 0.20% | +20.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.42% | 0.28% | +24.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.36% | 0.35% | +19.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.45% | 0.46% | +20.99% |
Dividends
TSLX vs. TFLO - Dividend Comparison
TSLX's dividend yield for the trailing twelve months is around 11.18%, more 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% |
TSLX Sixth Street Specialty Lending, Inc. | 11.18% | 9.44% | 9.81% | 9.72% | 10.34% | 15.35% | 11.08% | 8.43% | 9.84% | 8.84% | 8.35% | 9.62% |
Frequently Asked Questions
TSLX 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.
TSLX has higher volatility (11.89%) compared to TFLO (0.07%). In terms of maximum drawdown, TSLX dropped -50.27% vs TFLO's -5.01%.
TFLO currently has the higher Sharpe Ratio (14.09 vs -0.79), 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.
Find the right allocation for TSLX and TFLO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer