UTRE vs. TFLO
Compare and contrast key facts about US Treasury 3 Year Note ETF (UTRE) and iShares Treasury Floating Rate Bond ETF (TFLO).
UTRE and TFLO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTRE is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA Current 3-Year US Treasury Index - Benchmark TR Gross. It was launched on Mar 27, 2023. TFLO is a passively managed fund by iShares that tracks the performance of the Barclays U.S. Treasury Floating Rate Index. It was launched on Feb 3, 2014. Both UTRE and TFLO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UTRE vs. TFLO - Performance Comparison
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UTRE vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UTRE US Treasury 3 Year Note ETF | 0.08% | 5.68% | 2.96% | 2.16% |
TFLO iShares Treasury Floating Rate Bond ETF | 0.94% | 4.22% | 5.34% | 4.08% |
Returns By Period
In the year-to-date period, UTRE achieves a 0.08% return, which is significantly lower than TFLO's 0.94% return.
UTRE
- 1D
- -0.05%
- 1M
- -0.65%
- YTD
- 0.08%
- 6M
- 0.95%
- 1Y
- 3.57%
- 3Y*
- 3.55%
- 5Y*
- —
- 10Y*
- —
TFLO
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 0.94%
- 6M
- 2.01%
- 1Y
- 4.08%
- 3Y*
- 4.85%
- 5Y*
- 3.49%
- 10Y*
- 2.27%
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UTRE vs. TFLO - Expense Ratio Comparison
Both UTRE 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%.
Return for Risk
UTRE vs. TFLO — Risk / Return Rank
UTRE
TFLO
UTRE vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 3 Year Note ETF (UTRE) 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.
| UTRE | TFLO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.58 | 13.82 | -12.25 |
Sortino ratioReturn per unit of downside risk | 2.41 | 45.26 | -42.84 |
Omega ratioGain probability vs. loss probability | 1.30 | 11.00 | -9.71 |
Calmar ratioReturn relative to maximum drawdown | 2.55 | 207.22 | -204.67 |
Martin ratioReturn relative to average drawdown | 8.78 | 736.01 | -727.23 |
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
| UTRE | TFLO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.58 | 13.82 | -12.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 9.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 4.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.97 | +0.36 |
Correlation
The correlation between UTRE and TFLO is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
UTRE vs. TFLO - Dividend Comparison
UTRE's dividend yield for the trailing twelve months is around 3.48%, less than TFLO's 4.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTRE US Treasury 3 Year Note ETF | 3.48% | 3.60% | 4.01% | 3.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TFLO iShares Treasury Floating Rate Bond ETF | 4.00% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
Drawdowns
UTRE vs. TFLO - Drawdown Comparison
The maximum UTRE drawdown since its inception was -2.80%, smaller than the maximum TFLO drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for UTRE and TFLO.
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Drawdown Indicators
| UTRE | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.80% | -5.01% | +2.21% |
Max Drawdown (1Y)Largest decline over 1 year | -1.44% | -0.02% | -1.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.13% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.50% | — |
Current DrawdownCurrent decline from peak | -0.91% | 0.00% | -0.91% |
Average DrawdownAverage peak-to-trough decline | -0.77% | -0.10% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.01% | +0.41% |
Volatility
UTRE vs. TFLO - Volatility Comparison
US Treasury 3 Year Note ETF (UTRE) has a higher volatility of 0.82% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that UTRE'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
| UTRE | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 0.07% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 1.37% | 0.21% | +1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.28% | 0.30% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.74% | 0.36% | +2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.74% | 0.50% | +2.24% |