XTRE vs. TFLO
XTRE (BondBloxx Bloomberg Three Year Target Duration US Treasury ETF) and TFLO (iShares Treasury Floating Rate Bond ETF) are both Government Bonds funds - XTRE tracks the Bloomberg US Treasury 3 Year Target Duration Index while TFLO tracks the Bloomberg U.S. Treasury Floating Rate Index. Both are passively managed. Over the past 3 years, XTRE returned 4.14%/yr vs 4.66%/yr for TFLO. Their 0.01 correlation means their historical movements had little consistent relationship. XTRE charges 0.05%/yr vs 0.15%/yr for TFLO.
Performance
XTRE vs. TFLO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XTRE achieves a 0.04% return, which is significantly lower than TFLO's 2.22% return.
XTRE
- 1D
- -0.06%
- 1M
- -0.20%
- 6M
- -0.09%
- YTD
- 0.04%
- 1Y
- 1.83%
- 3Y*
- 4.14%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.48%
TFLO
- 1D
- 0.00%
- 1M
- 0.28%
- 6M
- 1.88%
- YTD
- 2.22%
- 1Y
- 3.88%
- 3Y*
- 4.66%
- 5Y*
- 3.77%
- 10Y*
- 2.41%
- ALL TIME*
- 1.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $79.31M | $72.74M | $75.47M | |
| $3.57M | $3.02M | $2.74M |
XTRE vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 0.04% | 6.05% | 3.05% | 4.44% | 0.00% |
TFLO iShares Treasury Floating Rate Bond ETF | 2.22% | 4.22% | 5.34% | 5.12% | 1.11% |
Correlation
The correlation between XTRE and TFLO is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XTRE vs. TFLO — Risk / Return Rank
XTRE
TFLO
XTRE vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) 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.
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.
| XTRE | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.54 | ||
| Sortino ratioReturn per unit of downside risk | -45.54 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 12.34 | -11.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 199.41 | -197.73 |
| Martin ratioReturn relative to average drawdown | 3.88 | 766.49 | -762.61 |
Loading charts...
Drawdowns
XTRE vs. TFLO - Drawdown Comparison
The maximum XTRE drawdown since its inception was -2.89%, smaller than the maximum TFLO drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for XTRE and TFLO.
Loading charts...
Drawdown Indicators
| XTRE | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.89% | -5.01% | +2.12% |
Max Drawdown (1Y)Largest decline over 1 year | -1.53% | -0.02% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -2.00% | -0.04% | -1.96% |
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 | -1.03% | 0.00% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -0.84% | -0.10% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.01% | +0.65% |
Volatility
XTRE vs. TFLO - Volatility Comparison
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) has a higher volatility of 0.54% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.08%. This indicates that XTRE'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.
Loading charts...
Volatility by Period
| XTRE | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.54% | 0.08% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 0.19% | +1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.15% | 0.29% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.28% | 0.35% | +2.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.28% | 0.45% | +2.83% |
XTRE vs. TFLO - Expense Ratio Comparison
XTRE has a 0.05% 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
XTRE vs. TFLO - Dividend Comparison
XTRE's dividend yield for the trailing twelve months is around 4.00%, more than TFLO's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFLO iShares Treasury Floating Rate Bond ETF | 3.47% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
XTRE BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 3.65% | 3.85% | 4.19% | 3.97% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XTRE and TFLO have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XTRE has higher volatility (0.54%) compared to TFLO (0.08%). In terms of maximum drawdown, XTRE dropped -2.89% vs TFLO's -5.01%.
On 3-year performance, TFLO leads with 4.66% vs 4.14% for XTRE. On fees, XTRE is cheaper at 0.05% per year. On volatility, TFLO has been the lower-risk option at 0.08%. 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 4.66% return vs 4.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTRE is cheaper with a 0.05% expense ratio, compared with 0.15% for TFLO.
XTRE has the higher dividend yield at 3.65%, compared with 3.47% for TFLO.
XTRE tracks Bloomberg US Treasury 3 Year Target Duration Index, while TFLO tracks Bloomberg U.S. Treasury Floating Rate Index. They also come from different issuers: BondBloxx and iShares. Their fees differ too: 0.05% for XTRE and 0.15% for TFLO.
TFLO currently has the higher Sharpe Ratio (13.73 vs 1.19), 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.
Find the right allocation for XTRE and TFLO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer