TXN vs. TFLO

Last updated Jul 17, 2026

TXN (Texas Instruments Incorporated) 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, TXN returned 19.37%/yr vs 2.40%/yr for TFLO. At a correlation of -0.04, they often move in opposite directions.

Performance

TXN vs. TFLO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Instruments Incorporated (TXN) and iShares Treasury Floating Rate Bond ETF (TFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TXN achieves a 69.81% return, which is significantly higher than TFLO's 2.04% return. Over the past 10 years, TXN has outperformed TFLO with an annualized return of 19.37%, while TFLO has yielded a comparatively lower 2.40% annualized return.

TXN

• 1D: -3.31%
• 1M: -4.74%
• 6M: 55.78%
• YTD: 69.81%
• 1Y: 38.20%
• 3Y*: 20.13%
• 5Y*: 12.52%
• 10Y*: 19.37%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TXN vs. TFLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TXN Texas Instruments Incorporated	69.81%	-4.47%	13.14%	6.41%	-9.86%	17.53%	31.70%	39.56%	-7.17%	46.75%
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 TXN 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	-0.07
Correlation (5Y) Calculated over the trailing 5-year period	-0.08
Correlation (10Y) Calculated over the trailing 10-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014	-0.04

Return for Risk

TXN vs. TFLO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TXN

TXN Risk / Return Rank: 71
TXN Sharpe Ratio Rank: 72
TXN Sortino Ratio Rank: 70
TXN Omega Ratio Rank: 71
TXN Calmar Ratio Rank: 71
TXN Martin Ratio Rank: 69

TFLO

TFLO Risk / Return Rank: 100
TFLO Sharpe Ratio Rank: 100
TFLO Sortino Ratio Rank: 100
TFLO Omega Ratio Rank: 100
TFLO Calmar Ratio Rank: 100
TFLO Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TXN vs. TFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Instruments Incorporated (TXN) 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.

	TXN	TFLO	Difference
Sharpe ratio: Return per unit of total volatility	0.88	13.67	-12.79
Sortino ratio: Return per unit of downside risk	1.52	47.36	-45.84
Omega ratio: Gain probability vs. loss probability	1.21	12.34	-11.13
Calmar ratio: Return relative to maximum drawdown	1.37	199.41	-198.04
Martin ratio: Return relative to average drawdown	2.87	766.50	-763.63

TXN vs. TFLO - Sharpe Ratio Comparison

The current TXN Sharpe Ratio is 0.88, which is lower than the TFLO Sharpe Ratio of 13.67. The chart below compares the historical Sharpe Ratios of TXN and TFLO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TXN vs. TFLO - Drawdown Comparison

The maximum TXN drawdown since its inception was -85.81%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for TXN and TFLO.

Drawdown Indicators

	TXN	TFLO	Difference
Max Drawdown Largest peak-to-trough decline	-85.81%	-5.01%	-80.80%
Max Drawdown (1Y) Largest decline over 1 year	-28.07%	-0.02%	-28.05%
Max Drawdown (3Y) Largest decline over 3 years	-33.41%	-0.04%	-33.37%
Max Drawdown (5Y) Largest decline over 5 years	-33.41%	-0.13%	-33.28%
Max Drawdown (10Y) Largest decline over 10 years	-33.41%	-0.16%	-33.25%
Current Drawdown Current decline from peak	-12.36%	0.00%	-12.36%
Average Drawdown Average peak-to-trough decline	-34.74%	-0.10%	-34.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.35%	0.01%	+13.34%

Volatility

TXN vs. TFLO - Volatility Comparison

Texas Instruments Incorporated (TXN) has a higher volatility of 18.27% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.10%. This indicates that TXN'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.

Volatility by Period

	TXN	TFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.27%	0.10%	+18.17%
Volatility (6M) Calculated over the trailing 6-month period	35.15%	0.20%	+34.95%
Volatility (1Y) Calculated over the trailing 1-year period	43.70%	0.29%	+43.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.37%	0.36%	+33.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.62%	0.45%	+31.17%

Dividends

TXN vs. TFLO - Dividend Comparison

TXN's dividend yield for the trailing twelve months is around 1.93%, less 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%
TXN Texas Instruments Incorporated	1.93%	3.17%	2.81%	2.94%	2.84%	2.23%	2.27%	2.50%	2.78%	2.03%	2.25%	2.55%

Frequently Asked Questions

Can I hold both TXN and TFLO in my portfolio?

TXN 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.

Which is riskier, TXN or TFLO?

TXN has higher volatility (18.27%) compared to TFLO (0.10%). In terms of maximum drawdown, TXN dropped -85.81% vs TFLO's -5.01%.

Which has better risk-adjusted returns?

TFLO currently has the higher Sharpe Ratio (13.67 vs 0.88), 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.