TFLO vs USFR
iShares Treasury Floating Rate Bond ETF vs WisdomTree Floating Rate Treasury Fund
Which is better, TFLO or USFR?
Each has led over a different period.
TFLO led over 3Y, 5Y and the full window, USFR over 1Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | TFLO | USFR |
|---|---|---|
| Expense Ratio | 0.15%Tie | 0.15%Tie |
| AUM | $6.6B | $18.8B |
| Dividend Yield | 3.78% | 3.75% |
| Holdings | 10 | 6 |
| YTD Return | +2.76% | +2.80%Best |
| 1Y Return | +4.02% | +4.11%Best |
| 3Y Return (annualized) | +4.62%Best | +4.49% |
| 5Y Return (annualized) | +3.89%Best | +3.82% |
| Volatility (annualized) | 0.7%Best | 0.9% |
| Max Drawdown | -5.0% | -1.4%Best |
| $10,000 over 5 years | $12,102Best | $12,062 |
| Fund Family | iShares by BlackRock (US) | WisdomTree Investments |
| Category | Fixed Income | Fixed Income |
| Style | - | Ultrashort Term Bond |
| Inception | Feb 4, 2014 | Feb 4, 2014 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Feb 4, 2014 to Sep 18, 2026 (12.6 years).
TFLO vs USFR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12.6 years both funds cover.
TFLO vs USFR Performance
iShares Treasury Floating Rate Bond ETF (TFLO) is an ETF from iShares by BlackRock (US) and WisdomTree Floating Rate Treasury Fund (USFR) is an ETF from WisdomTree Investments. Over the past year TFLO returned +4.02% while USFR returned +4.11%. Year to date, TFLO is up 2.76% versus a gain of 2.80% for USFR.
Over three years, TFLO compounded at +4.62% per year against +4.49% for USFR; over five years the annualized figures are +3.89% and +3.82% respectively. Across the full 13-year window we track, TFLO has the edge at +1.55% annualized vs +1.52%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
USFR has been the more volatile fund, with annualized monthly volatility of 0.9% compared with 0.7% for TFLO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -5.0% for TFLO and -1.4% for USFR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
TFLO charges 0.15% per year while USFR charges 0.15%. On a $10,000 position that is $15 vs $15 annually. On income, TFLO currently yields 3.78% against 3.75% for USFR.
You are not choosing between two funds in isolation.
Whichever of TFLO and USFR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, TFLO or USFR?
TFLO has an expense ratio of 0.15% while USFR charges 0.15%. At the precision these are quoted to, they cost the same.
Which performed better, TFLO or USFR?
Over the past year TFLO returned +4.02% vs +4.11% for USFR, so USFR leads on 1-year performance. Over the longest common window we track (13 years), TFLO annualized +1.55% vs +1.52% for USFR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TFLO or USFR?
USFR has been the more volatile fund at 0.9% annualized versus 0.7% for TFLO. Worst drawdown: TFLO -5.0% vs USFR -1.4%.
Should I hold both TFLO and USFR?
TFLO and USFR have a monthly-return correlation of 0.61, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, TFLO or USFR?
TFLO yields 3.78% while USFR yields 3.75%, so TFLO currently pays the higher dividend yield.
Is USFR better than TFLO?
TFLO led over 3Y, 5Y and the full window, USFR over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.