TFLR vs VOO
T. Rowe Price Floating Rate ETF vs Vanguard S&P 500 ETF
Which is better, TFLR or VOO?
Bank Loan against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window.
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 | TFLR | VOO |
|---|---|---|
| Expense Ratio | 0.61% | 0.03%Best |
| AUM | $765M | $997.4B |
| Dividend Yield | 6.63% | 1.04% |
| Holdings | 347 | 509 |
| YTD Return | +3.27% | +12.25%Best |
| 1Y Return | +5.05% | +17.03%Best |
| 3Y Return (annualized) | +7.01% | +21.25%Best |
| 5Y Return (annualized) | - | +13.08% |
| Volatility (annualized) | 2.5%Best | 13.0% |
| Max Drawdown | -4.0%Best | -18.7% |
| $10,000 over 3.8 years | $13,228 | $20,254Best |
| Fund Family | T.Rowe Price | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Bank Loan | Large Cap Blend |
| Inception | Nov 16, 2022 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.8 years row, are measured over the window both funds cover: Nov 17, 2022 to Sep 17, 2026 (3.8 years).
TFLR vs VOO 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 3.8 years both funds cover.
TFLR vs VOO Performance
T. Rowe Price Floating Rate ETF (TFLR) is an ETF from T.Rowe Price and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year TFLR returned +5.05% while VOO returned +17.03%. Year to date, TFLR is up 3.27% versus a gain of 12.25% for VOO.
Over three years, TFLR compounded at +7.01% per year against +21.25% for VOO. Across the full 4-year window we track, VOO has the edge at +20.41% annualized vs +7.64%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 2.5% for TFLR. 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 -4.0% for TFLR and -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.62. They move together some of the time, and apart the rest.
Fees and Cost Over Time
TFLR charges 0.61% per year while VOO charges 0.03%. On a $10,000 position that is $61 vs $3 annually, a gap of $58 per year that compounds over a long holding period. On income, TFLR currently yields 6.63% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 151 holdings in TFLR and 494 in VOO, totalling 41.4% and 99.5% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 151 positions we hold weights for in TFLR and 494 in VOO, against full books of 347 and 509.
You are not choosing between two funds in isolation.
Whichever of TFLR and VOO 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, TFLR or VOO?
TFLR has an expense ratio of 0.61% while VOO charges 0.03%. VOO is the cheaper option, by $58 a year on a $10,000 investment.
Which performed better, TFLR or VOO?
Over the past year TFLR returned +5.05% vs +17.03% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), TFLR annualized +7.64% vs +20.41% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TFLR or VOO?
VOO has been the more volatile fund at 13.0% annualized versus 2.5% for TFLR. Worst drawdown: TFLR -4.0% vs VOO -18.7%.
Should I hold both TFLR and VOO?
TFLR and VOO have a monthly-return correlation of 0.62, 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, TFLR or VOO?
TFLR yields 6.63% while VOO yields 1.04%, so TFLR currently pays the higher dividend yield.
Is VOO better than TFLR?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.