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 is a US Government bond fund issued by iShares with $6.67 billion in assets under management. It holds a C grade (54.6/100) and ranks 10th out of 22 peers in its category, placing it in the middle of the pack. The fund’s 0.15% expense ratio is more than double the category median of 0.07%, indicating higher costs for investors. Despite this, it offers a 3.78% dividend yield, which is slightly below the category median of 3.84%. The fund’s holdings are concentrated in United States Treasury securities, with the largest single position accounting for 14.4% of assets.

The ETF has delivered a 1-year return of 3.96%, significantly outperforming the category median of -0.42%. Short-term momentum is evident, with returns accelerating from +0.02% over one day to +2.59% year-to-date. However, the longer-term 3-year return of 14.34% suggests a slower annualized pace compared to recent gains. The price of $50.54 sits at 53.6% of its 52-week range, indicating it is near the midpoint of its recent trading history. The rating has remained unchanged at grade C over the last 35 tracked days, reflecting stability in its assessment. Historical data is available for only 3.0 years, limiting the depth of long-term performance analysis.

Risk metrics indicate a very low volatility profile, with an annualized standard deviation of just 0.28%. The beta of -0.02 suggests the fund’s movements are largely uncorrelated with broader market fluctuations. A Sharpe ratio of -3.67 implies that the risk-adjusted returns have been negative relative to the risk-free rate over the measured period. The maximum drawdown was minimal at -0.04%, highlighting the stability of the fund’s price action. Liquidity is supported by an average daily volume of 1,438,745 shares, facilitating easy entry and exit for investors.

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: 4.80% (as of 2026-09-08) — 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): 15.72 (as of 2026-09-08) — 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 2026-08-01) — 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 1.4M/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 $6.67B 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