TFLO — iShares Treasury Floating Rate Bond ETF

TFLO Price Performance — Growth of $10,000

Value of a $10,000 investment in TFLO over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

TFLO Drawdown

The "underwater" chart: TFLO's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares Treasury Floating Rate Bond ETF (TFLO) operates within the US Bonds - Government category, which ETFValuer tracks with a total of 22 funds. Issued by iShares, the fund has accumulated assets under management of $6.59 billion and trades at a price of $50.64. It holds an overall rank of #340 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 54.0 out of 100. The fund charges an expense ratio of 0.15% while offering a dividend yield of 3.89%. The substantial asset size relative to the category count suggests significant investor adoption for this specific floating rate strategy. These metrics collectively define the fund's current standing and cost structure for potential investors.

Over the last day, the fund recorded a return of 0.00%, followed by a 1-week gain of +0.08% and a 1-month increase of +0.33%. The 3-month return accelerated to +0.99%, while the 6-month period showed further growth at +1.90%. Year-to-date performance stands at +2.14%, and the 1-year return reached +3.94%. Extending the timeline to three years, the fund has generated a cumulative return of +14.56%. This progression indicates a consistent upward trajectory in returns as the investment horizon extends from daily fluctuations to multi-year periods.

The fund carries a volatility label of Very Low and exhibits a beta of -0.02, suggesting minimal correlation with broader market movements. A Sharpe ratio of -3.69 indicates that the risk-adjusted returns have been negative relative to the risk-free rate over the measured period. Despite the negative Sharpe ratio, the maximum drawdown has been limited to -0.04%, reflecting extreme capital preservation during market declines. The combination of a negative beta and very low volatility implies the fund behaves independently of general market trends. However, the negative Sharpe ratio highlights that the low volatility has not translated into positive risk-adjusted performance metrics during the analyzed timeframe.

AI-generated summary based on the data on this page.

TFLO Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 9 holdings make up 100.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how TFLO's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With TFLO

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with TFLO's top 10 — COMT overlaps most, holding 2 of the same companies as TFLO's top 10 (100.0% of TFLO's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

TFLO Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 1.5M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $6.59B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: TFLO is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

TFLO Performance History

How TFLO Compares to Other US Bonds - Government ETFs