VFISX vs. TFLO
Compare and contrast key facts about Vanguard Short-Term Treasury Fund Investor Shares (VFISX) and iShares Treasury Floating Rate Bond ETF (TFLO).
VFISX is managed by Vanguard. It was launched on Oct 28, 1991. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VFISX or TFLO.
Key characteristics
| VFISX | TFLO | |
|---|---|---|
| YTD Return | 2.93% | 4.61% |
| 1Y Return | 5.47% | 5.24% |
| 3Y Return (Ann) | 0.47% | 3.91% |
| 5Y Return (Ann) | 0.64% | 2.46% |
| 10Y Return (Ann) | 0.91% | 1.84% |
| Sharpe Ratio | 2.05 | 16.18 |
| Sortino Ratio | 3.45 | 64.69 |
| Omega Ratio | 1.45 | 16.76 |
| Calmar Ratio | 0.91 | 206.51 |
| Martin Ratio | 10.00 | 988.81 |
| Ulcer Index | 0.55% | 0.01% |
| Daily Std Dev | 2.66% | 0.33% |
| Max Drawdown | -8.22% | -5.01% |
| Current Drawdown | -1.37% | 0.00% |
Correlation
The correlation between VFISX and TFLO is 0.02, 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.
Performance
VFISX vs. TFLO - Performance Comparison
In the year-to-date period, VFISX achieves a 2.93% return, which is significantly lower than TFLO's 4.61% return. Over the past 10 years, VFISX has underperformed TFLO with an annualized return of 0.91%, while TFLO has yielded a comparatively higher 1.84% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VFISX vs. TFLO - Expense Ratio Comparison
VFISX has a 0.20% expense ratio, which is higher than TFLO's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VFISX vs. TFLO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Treasury Fund Investor Shares (VFISX) 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.
Dividends
VFISX vs. TFLO - Dividend Comparison
VFISX's dividend yield for the trailing twelve months is around 4.40%, less than TFLO's 5.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VFISX Vanguard Short-Term Treasury Fund Investor Shares | 4.40% | 3.96% | 1.92% | 0.34% | 0.75% | 2.38% | 2.10% | 1.18% | 0.91% | 0.69% | 0.50% | 0.37% |
TFLO iShares Treasury Floating Rate Bond ETF | 5.35% | 4.89% | 1.67% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.30% | 0.15% | 0.08% | 0.00% |
Drawdowns
VFISX vs. TFLO - Drawdown Comparison
The maximum VFISX drawdown since its inception was -8.22%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for VFISX and TFLO. For additional features, visit the drawdowns tool.
Volatility
VFISX vs. TFLO - Volatility Comparison
Vanguard Short-Term Treasury Fund Investor Shares (VFISX) has a higher volatility of 0.63% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.06%. This indicates that VFISX'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.