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 11.14%/yr vs 2.40%/yr for TFLO. At a correlation of -0.02, they often move in opposite directions.
Performance
TSLX vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, TSLX achieves a -14.12% return, which is significantly lower than TFLO's 2.04% return. Over the past 10 years, TSLX has outperformed TFLO with an annualized return of 11.14%, while TFLO has yielded a comparatively lower 2.40% annualized return.
TSLX
- 1D
- 1.66%
- 1M
- 6.75%
- 6M
- -16.73%
- YTD
- -14.12%
- 1Y
- -21.24%
- 3Y*
- 6.78%
- 5Y*
- 4.65%
- 10Y*
- 11.14%
TFLO
- 1D
- 0.00%
- 1M
- 0.33%
- 6M
- 1.90%
- YTD
- 2.04%
- 1Y
- 3.94%
- 3Y*
- 4.67%
- 5Y*
- 3.72%
- 10Y*
- 2.40%
TSLX vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSLX Sixth Street Specialty Lending, Inc. | -14.12% | 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 | 2.04% | 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 -0.02, 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 | -0.02 |
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 21, 2014 | -0.02 |
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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.
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.
| TSLX | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.51 | ||
| Sortino ratioReturn per unit of downside risk | -48.44 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 12.34 | -11.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 199.41 | -200.14 |
| Martin ratioReturn relative to average drawdown | -1.26 | 766.50 | -767.75 |
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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.
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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 | -29.05% | -0.02% | -29.03% |
Max Drawdown (3Y)Largest decline over 3 years | -29.05% | -0.04% | -29.01% |
Max Drawdown (5Y)Largest decline over 5 years | -29.05% | -0.13% | -28.92% |
Max Drawdown (10Y)Largest decline over 10 years | -50.27% | -0.16% | -50.11% |
Current DrawdownCurrent decline from peak | -22.43% | 0.00% | -22.43% |
Average DrawdownAverage peak-to-trough decline | -9.22% | -0.10% | -9.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.93% | 0.01% | +16.92% |
Volatility
TSLX vs. TFLO - Volatility Comparison
Sixth Street Specialty Lending, Inc. (TSLX) has a higher volatility of 7.62% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.10%. 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.
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Volatility by Period
| TSLX | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 0.10% | +7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 21.32% | 0.20% | +21.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.40% | 0.29% | +25.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.57% | 0.36% | +19.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.57% | 0.45% | +21.12% |
Dividends
TSLX vs. TFLO - Dividend Comparison
TSLX's dividend yield for the trailing twelve months is around 10.67%, more than TFLO's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 3.84% | 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. | 10.67% | 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 -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLX has higher volatility (7.62%) compared to TFLO (0.10%). In terms of maximum drawdown, TSLX dropped -50.27% vs TFLO's -5.01%.
TFLO currently has the higher Sharpe Ratio (13.67 vs -0.84), 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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