iShares Treasury Floating Rate Bond ETF (TFLO)

How has TFLO done since 2014?#

From February 2014 to October 2026, TFLO returned about 2.0% a year. The S&P 500 returned about 14.2% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $12,858 at the end, with every dividend reinvested.

TFLO returns by month and year#

TFLO rose in 125 of its 153 months (82%). Its best month was December 2015, at 0.6%. Its worst was January 2016, at −0.5%.

How risky is TFLO compared with the S&P 500?#

Measured from October 2021 to October 2026, on the days both traded.

• Beta 0.00. When the S&P 500 moved 1% in a day, TFLO tended to move about 0.00%.
• Correlation -0.07. TFLO moved mostly on its own, apart from the S&P 500.
• Up and down months. In months the S&P 500 rose, TFLO rose 9% as much on average. In months it fell, TFLO rose on average.

Is TFLO above its 200-day average?#

TFLO closed 1.6% above its 200-day average on October 16, 2026. A rule that holds TFLO only above that average would hold it today.

What was TFLO’s worst drop?#

A drawdown is how far a fund falls from its last high point. TFLO’s worst fall was −5.0%, from October 28, 2014 to December 19, 2014. It got back to that high on December 28, 2015. On October 16, 2026 it closed at a new high.

What does TFLO hold?#

This fund owns US Treasury notes whose interest rate changes often to follow short term rates. Because of that, its price barely moves when rates change. Its income goes down when short term rates fall.

It tracks the Bloomberg U.S. Treasury Floating Rate Index. It had 8 holdings as of October 15, 2026, according to iShares (BlackRock).

What is the TFLO expense ratio?#

TFLO charges 0.15% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.15% fee comes to about $15 a year. Of the 162 ETFs on Tactfolio, 42% charge more.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

Which Tactfolio strategies hold TFLO?#

No classic strategy holds TFLO yet. You can add it to your own rules in the builder and see how they would have done.

How does TFLO compare with similar ETFs?#

Funds that can stand in for TFLO:

• SGOV: iShares 0-3 Month Treasury Bond ETF, 0.09% a year
• BIL: State Street SPDR Bloomberg 1-3 Month T-Bill ETF, 0.1353% a year
• SHV: iShares 0-1 Year Treasury Bond ETF, 0.15% a year
• USFR: WisdomTree Floating Rate Treasury Fund, 0.15% a year

See all 6 TFLO alternatives, compared on the same dates as TFLO.

Test TFLO in your own rules#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add TFLO, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for TFLO and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.

Fund facts come from iShares (BlackRock). We checked them on October 17, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.