UFIV vs. TFLO
UFIV (F/m US Treasury 5 Year Note ETF) and TFLO (iShares Treasury Floating Rate Bond ETF) are both Government Bonds funds - UFIV tracks the ICE BofA Current 5-Year US Treasury Index - Benchmark TR Gross while TFLO tracks the Bloomberg U.S. Treasury Floating Rate Index. Both are passively managed. Over the past 3 years, UFIV returned 3.14%/yr vs 4.74%/yr for TFLO. At a correlation of -0.02, they often move in opposite directions. Both charge a 0.15% expense ratio.
Performance
UFIV vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, UFIV achieves a -0.49% return, which is significantly lower than TFLO's 1.59% return.
UFIV
- 1D
- 0.12%
- 1M
- -0.17%
- YTD
- -0.49%
- 6M
- -0.41%
- 1Y
- 2.59%
- 3Y*
- 3.14%
- 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%
UFIV vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UFIV F/m US Treasury 5 Year Note ETF | -0.49% | 6.89% | 1.09% | 1.58% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.59% | 4.22% | 5.34% | 4.08% |
Correlation
The correlation between UFIV and TFLO is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2023 | -0.02 |
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Return for Risk
UFIV vs. TFLO — Risk / Return Rank
UFIV
TFLO
UFIV vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F/m US Treasury 5 Year Note ETF (UFIV) 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.
| UFIV | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.27 | ||
| Sortino ratioReturn per unit of downside risk | -49.63 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 13.94 | -12.80 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 201.22 | -200.27 |
| Martin ratioReturn relative to average drawdown | 2.85 | 823.26 | -820.41 |
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
| UFIV | TFLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.82 | 14.09 | -13.27 |
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 | 0.65 | 0.99 | -0.34 |
Drawdowns
UFIV vs. TFLO - Drawdown Comparison
The maximum UFIV drawdown since its inception was -5.63%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for UFIV and TFLO.
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Drawdown Indicators
| UFIV | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.63% | -5.01% | -0.62% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -0.02% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -4.03% | -0.04% | -3.99% |
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 | -1.96% | 0.00% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -1.56% | -0.10% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.00% | +0.91% |
Volatility
UFIV vs. TFLO - Volatility Comparison
F/m US Treasury 5 Year Note ETF (UFIV) has a higher volatility of 1.01% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that UFIV'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
| UFIV | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 0.07% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.24% | 0.20% | +2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.20% | 0.28% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.37% | 0.35% | +4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 0.46% | +3.91% |
UFIV vs. TFLO - Expense Ratio Comparison
Both UFIV and TFLO have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
UFIV vs. TFLO - Dividend Comparison
UFIV's dividend yield for the trailing twelve months is around 3.57%, 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% |
UFIV F/m US Treasury 5 Year Note ETF | 3.57% | 3.66% | 4.00% | 2.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UFIV and TFLO have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UFIV has higher volatility (1.01%) compared to TFLO (0.07%). In terms of maximum drawdown, UFIV dropped -5.63% vs TFLO's -5.01%.
On 3-year performance, TFLO leads with 4.74% vs 3.14% for UFIV. Both ETFs have the same 0.15% expense ratio. On volatility, TFLO has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, TFLO has performed better with a 4.74% return vs 3.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UFIV and TFLO have the same expense ratio: 0.15% per year.
TFLO has the higher dividend yield at 3.90%, compared with 3.57% for UFIV.
UFIV tracks ICE BofA Current 5-Year US Treasury Index - Benchmark TR Gross, while TFLO tracks Bloomberg U.S. Treasury Floating Rate Index. They also come from different issuers: US Benchmark Series and iShares.
TFLO currently has the higher Sharpe Ratio (14.09 vs 0.82), 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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