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VIG vs. TFLO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

VIG vs. TFLO

Last updated Jun 9, 2026

VIG (Vanguard Dividend Appreciation ETF) and TFLO (iShares Treasury Floating Rate Bond ETF) are both exchange-traded funds - VIG is a Dividend fund tracking the S&P U.S. Dividend Growers Index, while TFLO is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index. Both are passively managed. Over the past 10 years, VIG returned 13.05%/yr vs 2.37%/yr for TFLO. At a correlation of -0.04, they often move in opposite directions. VIG charges 0.04%/yr vs 0.15%/yr for TFLO.

Performance

VIG vs. TFLO - Performance Comparison

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

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Returns By Period

In the year-to-date period, VIG achieves a 6.58% return, which is significantly higher than TFLO's 1.65% return. Over the past 10 years, VIG has outperformed TFLO with an annualized return of 13.05%, while TFLO has yielded a comparatively lower 2.37% annualized return.

VIG

1D
0.03%
1M
2.32%
YTD
6.58%
6M
6.47%
1Y
18.31%
3Y*
16.04%
5Y*
10.62%
10Y*
13.05%

TFLO

1D
0.04%
1M
0.29%
YTD
1.65%
6M
1.92%
1Y
4.01%
3Y*
4.72%
5Y*
3.65%
10Y*
2.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

VIG vs. TFLO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
VIG
Vanguard Dividend Appreciation ETF		6.58%14.17%16.99%14.51%-9.80%23.76%15.43%29.62%-2.08%22.22%
TFLO
iShares Treasury Floating Rate Bond ETF		1.65%4.22%5.34%5.12%1.99%-0.02%0.43%2.04%1.76%1.01%

Correlation

The correlation between VIG and TFLO is -0.03, 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

-0.03

Correlation (3Y)
Calculated over the trailing 3-year period

-0.09

Correlation (5Y)
Calculated over the trailing 5-year period

-0.09

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

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Vanguard Dividend Appreciation ETF

iShares Treasury Floating Rate Bond ETF

Often compared with VIG:
VIG vs. SCHDVIG vs. VYMVIG vs. VOOVIG vs. DGROVIG vs. VDIGXVIG vs. VTIVIG vs. VTV
Often compared with TFLO:
TFLO vs. SGOVTFLO vs. USFRTFLO vs. BILTFLO vs. SPAXXTFLO vs. SHVTFLO vs. VUSXXTFLO vs. JAAA

Return for Risk

VIG vs. TFLO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VIG
VIG Risk / Return Rank: 5858
Overall Rank
VIG Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
VIG Sortino Ratio Rank: 6464
Sortino Ratio Rank
VIG Omega Ratio Rank: 5858
Omega Ratio Rank
VIG Calmar Ratio Rank: 5252
Calmar Ratio Rank
VIG Martin Ratio Rank: 5858
Martin Ratio Rank
TFLO
TFLO Risk / Return Rank: 100100
Overall Rank
TFLO Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
TFLO Sortino Ratio Rank: 100100
Sortino Ratio Rank
TFLO Omega Ratio Rank: 100100
Omega Ratio Rank
TFLO Calmar Ratio Rank: 100100
Calmar Ratio Rank
TFLO Martin Ratio Rank: 100100
Martin Ratio Rank
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.

VIG vs. TFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Dividend Appreciation ETF (VIG) 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.

VIGTFLODifference
Sharpe ratioReturn per unit of total volatility
1.82
14.21

-12.38

Sortino ratioReturn per unit of downside risk
2.65
51.38

-48.73

Omega ratioGain probability vs. loss probability

1.33

14.07

-12.75

Calmar ratioReturn relative to maximum drawdown

2.33

203.31

-200.99

Martin ratioReturn relative to average drawdown

9.37

831.80

-822.43

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VIG vs. TFLO - Sharpe Ratio Comparison

The current VIG Sharpe Ratio is 1.82, which is lower than the TFLO Sharpe Ratio of 14.21. The chart below compares the historical Sharpe Ratios of VIG 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.

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Sharpe Ratios by Period

VIGTFLODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.82

14.21

-12.38

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.75

10.35

-9.60

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.82

5.23

-4.41

Sharpe Ratio (All Time)

Calculated using the full available price history

0.60

0.99

-0.39

Drawdowns

VIG vs. TFLO - Drawdown Comparison

The maximum VIG drawdown since its inception was -46.81%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for VIG and TFLO.

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Drawdown Indicators

VIGTFLODifference

Max Drawdown

Largest peak-to-trough decline

-46.81%

-5.01%

-41.80%

Max Drawdown (1Y)

Largest decline over 1 year

-7.91%

-0.02%

-7.89%

Max Drawdown (3Y)

Largest decline over 3 years

-14.95%

-0.04%

-14.91%

Max Drawdown (5Y)

Largest decline over 5 years

-20.39%

-0.13%

-20.26%

Max Drawdown (10Y)

Largest decline over 10 years

-31.72%

-0.16%

-31.56%

Current Drawdown

Current decline from peak

-1.34%

0.00%

-1.34%

Average Drawdown

Average peak-to-trough decline

-5.51%

-0.10%

-5.41%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.96%

0.00%

+1.96%

Volatility

VIG vs. TFLO - Volatility Comparison

Vanguard Dividend Appreciation ETF (VIG) has a higher volatility of 2.42% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.07%. This indicates that VIG'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

VIGTFLODifference

Volatility (1M)

Calculated over the trailing 1-month period

2.42%

0.07%

+2.35%

Volatility (6M)

Calculated over the trailing 6-month period

7.68%

0.20%

+7.48%

Volatility (1Y)

Calculated over the trailing 1-year period

10.10%

0.28%

+9.82%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.24%

0.35%

+13.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.06%

0.46%

+15.60%

VIG vs. TFLO - Expense Ratio Comparison

VIG has a 0.04% expense ratio, which is lower than TFLO's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VIG vs. TFLO - Dividend Comparison

VIG's dividend yield for the trailing twelve months is around 1.48%, less than TFLO's 3.90% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
VIG
Vanguard Dividend Appreciation ETF		1.48%1.62%1.73%1.88%1.96%1.55%1.63%1.71%2.08%1.88%2.14%2.34%

Frequently Asked Questions

VIG and TFLO have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

VIG has higher volatility (2.42%) compared to TFLO (0.07%). In terms of maximum drawdown, VIG dropped -46.81% vs TFLO's -5.01%.

On 10-year performance, VIG leads with 13.05% vs 2.37% for TFLO. On fees, VIG is cheaper at 0.04% per year. 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 10-year period, VIG has performed better with a 13.05% return vs 2.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VIG is cheaper with a 0.04% expense ratio, compared with 0.15% for TFLO.

TFLO has the higher dividend yield at 3.90%, compared with 1.48% for VIG.

VIG is categorized as Dividend, while TFLO is Government Bonds. VIG tracks S&P U.S. Dividend Growers Index, while TFLO tracks Bloomberg U.S. Treasury Floating Rate Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.04% for VIG and 0.15% for TFLO.

TFLO currently has the higher Sharpe Ratio (14.21 vs 1.82), 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.

Portfolio Optimizer

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