USD=X vs. TFLR

Last updated Jun 15, 2026

USD=X (USD Cash) is a currency, while TFLR (T. Rowe Price Floating Rate ETF) is Bank Loan fund actively managed by T. Rowe Price. Over the past 3 years, USD=X returned 0.00%/yr vs 7.84%/yr for TFLR.

Performance

USD=X vs. TFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USD Cash (USD=X) and T. Rowe Price Floating Rate ETF (TFLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USD=X

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: 0.00%
• 5Y*: 0.00%
• 10Y*: 0.00%

TFLR

• 1D: 0.00%
• 1M: 0.04%
• YTD: 1.17%
• 6M: 1.49%
• 1Y: 5.32%
• 3Y*: 7.84%
• 5Y*: —
• 10Y*: —

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

USD=X vs. TFLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
USD=X USD Cash	0.00%	0.00%	0.00%	0.00%	0.00%
TFLR T. Rowe Price Floating Rate ETF	1.17%	6.57%	8.77%	12.05%	-0.44%

Return for Risk

USD=X vs. TFLR — Risk / Return Rank

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

USD=X

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TFLR

TFLR Risk / Return Rank: 80
TFLR Sharpe Ratio Rank: 90
TFLR Sortino Ratio Rank: 92
TFLR Omega Ratio Rank: 94
TFLR Calmar Ratio Rank: 55
TFLR Martin Ratio Rank: 69

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.

USD=X vs. TFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) and T. Rowe Price Floating Rate ETF (TFLR). 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.

	USD=X	TFLR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.65	—
Sortino ratio: Return per unit of downside risk	—	3.92	—
Omega ratio: Gain probability vs. loss probability	—	1.61	—
Calmar ratio: Return relative to maximum drawdown	—	2.42	—
Martin ratio: Return relative to average drawdown	—	11.04	—

Drawdowns

USD=X vs. TFLR - Drawdown Comparison

The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum TFLR drawdown of -4.01%. Use the drawdown chart below to compare losses from any high point for USD=X and TFLR.

Drawdown Indicators

	USD=X	TFLR	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-4.01%	+4.01%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	-2.18%	+2.18%
Max Drawdown (3Y) Largest decline over 3 years	0.00%	-4.01%	+4.01%
Max Drawdown (5Y) Largest decline over 5 years	0.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	0.00%	—	—
Current Drawdown Current decline from peak	0.00%	-0.30%	+0.30%
Average Drawdown Average peak-to-trough decline	0.00%	-0.22%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	0.48%	-0.48%

Volatility

USD=X vs. TFLR - Volatility Comparison

The current volatility for USD Cash (USD=X) is 0.00%, while T. Rowe Price Floating Rate ETF (TFLR) has a volatility of 0.43%. This indicates that USD=X experiences smaller price fluctuations and is considered to be less risky than TFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USD=X	TFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	0.43%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	0.00%	1.73%	-1.73%
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	1.98%	-1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	3.66%	-3.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	3.66%	-3.66%

Frequently Asked Questions

Which is riskier, USD=X or TFLR?

TFLR has higher volatility (0.43%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs TFLR's -4.01%.