iShares Treasury Floating Rate Bond ETF (TFLO)


Market Price (9/20/2026): $50.62

iShares Treasury Floating Rate Bond ETF (TFLO)


Market Price (9/20/2026): $50.62

Key Takeaways

  • TFLO has returned +2.5% YTD vs +12.3% for SPY; +3.6% over the past 12 months (SPY +15.7%). details →
  • Priced in gold, TFLO has returned -49.8% over the past 3 years, vs +14.1% in dollars — its dollar gains have lagged gold. details →
  • Over the past month, TFLO has seen net inflows of +$253M (+3.8% of assets). details →
  • TFLO is trading at an all-time high. details →
  • Risk-adjusted returns trail SPY: 3-year Sharpe ratio of 0.8 vs 1.0. details →
Last updated: 9/19/2026.

Price Chart

Asset Allocation with TFLO

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+11.8%
Volatility
10.9%
Sharpe
0.82
YTD
+8.7%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

Learn More →
Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
Learn More →
Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for TFLO

Total Weights
Top 5: 66.0% | Top 10: 100.0% | Top 20: 100.0%

HoldingETF Weight
91282CQM6TREASURY FLOATING RATE NOTE 4.11% 04/30/202814.47%
91282CPG0TREASURY FLOATING RATE NOTE 4.20% 10/31/202713.47%
91282CPX3TREASURY FLOATING RATE NOTE 4.11% 01/31/202813.01%
91282CLT6TREASURY FLOATING RATE NOTE 4.22% 10/31/202612.57%
91282CMX6TREASURY FLOATING RATE NOTE 4.17% 04/30/202712.50%
91282CMJ7TREASURY FLOATING RATE NOTE 4.11% 01/31/202712.49%
91282CNQ0TREASURY FLOATING RATE NOTE 4.17% 07/31/202712.17%
91282CRD5TREASURY FLOATING RATE NOTE 4.06% 07/31/20289.33%
066922477BLK CSH FND TREASURY SL AGENCY0.01%
USD CASH-0.01%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
TFLO Return-0%2%5%5%4%2%21%
Peers Return-0%1%5%5%4%2%20%
S&P 500 Return27%-19%24%23%16%12%103%

Monthly Win Rates [3]
TFLO Win Rate42%92%100%100%100%89% 
Peers Win Rate38%72%100%100%100%89% 
S&P 500 Win Rate75%42%67%75%67%44% 

Max Drawdowns [4]
TFLO Max Drawdown-0%-0%-0%-0%-0%-0% 
Peers Max Drawdown-0%-0%-0%-0%-0%-0% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: SGOV, BIL, JPST, SHV, USFR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/18/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
TFLO-1.380.830.10
Cash Top Results (3Y)   
ICSH-1.071.430.10
JPST-0.921.21-0.04
SGOV-3.131.06-0.34
TFLO-1.380.830.10
SHV-3.270.69-1.04

Results as of 8312026.

Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
QQEWFirst Trust Nasdaq-100 Select Equal Weight ETF-5.6%157.729192026167.03813202637
IJHiShares Core S&P Mid-Cap ETF-7.2%72.98919202678.67816202634
VOVanguard Mid-Cap ETF-5.3%80.00919202684.46816202634
IWRiShares Russell Mid-Cap ETF-5.8%108.219192026114.82816202634
MDYState Street SPDR S&P MIDCAP 400 ETF Trust-7.0%666.689192026716.91816202634
SCHMSchwab U.S. Mid-Cap ETF-5.5%34.85919202636.87630202681
IVOOVanguard S&P Mid-Cap 400 ETF-6.9%123.969192026133.08816202634
IJRiShares Core S&P Small-Cap ETF-7.7%138.909192026150.44816202634
VBVanguard Small-Cap ETF-6.4%289.619192026309.29816202634
IWMiShares Russell 2000 ETF-6.9%284.109192026305.09816202634
SCHASchwab U.S. Small-Cap ETF-7.4%33.44919202636.13630202681
VTWOVanguard Russell 2000 ETF-6.6%115.169192026123.31816202634
DFASDimensional U.S. Small Cap ETF-6.4%79.11919202684.48816202634
ESMLiShares ESG Aware MSCI USA Small-Cap ETF-6.5%52.95919202656.64816202634
NUSCNuveen ESG Small-Cap ETF-6.9%49.57919202653.27816202634
AKREAkre Focus ETF-10.0%55.69919202661.85830202620
IWPiShares Russell Mid-Cap Growth ETF-7.2%137.089192026147.70817202633
VOTVanguard Mid-Cap Growth ETF-6.9%292.259192026314.02816202634
IJKiShares S&P Mid-Cap 400 Growth ETF-7.8%109.819192026119.11817202633
MDYGState Street SPDR S&P 400 Mid Cap Growth ETF-7.7%104.949192026113.69817202633
IWOiShares Russell 2000 Growth ETF-8.5%362.099192026395.65816202634
VBKVanguard Small-Cap Growth ETF-7.6%338.369192026366.24817202633
IJTiShares S&P Small-Cap 600 Growth ETF-9.0%163.019192026179.07804202646
SLYGState Street SPDR S&P 600 Small Cap Growth ETF-8.7%109.089192026119.50804202646
IWSiShares Russell Mid-Cap Value ETF-5.3%164.189192026173.44816202634
IJJiShares S&P Mid-Cap 400 Value ETF-6.7%141.529192026151.67816202634
MDYVState Street SPDR S&P 400 Mid Cap Value ETF-6.2%91.40919202697.39816202634
VBRVanguard Small-Cap Value ETF-5.5%237.749192026251.66816202634
AVUVAvantis U.S. Small Cap Value ETF-5.3%121.969192026128.74804202646
IWNiShares Russell 2000 Value ETF-5.2%215.589192026227.43816202634
IJSiShares S&P Small-Cap 600 Value ETF-6.6%131.359192026140.68816202634
SLYVState Street SPDR S&P 600 Small Cap Value ETF-6.2%105.249192026112.22816202634
VIOVVanguard S&P Small-Cap 600 Value ETF-6.3%113.139192026120.76816202634
VGKVanguard FTSE Europe ETF-5.1%88.21919202692.96825202625
IEMGiShares Core MSCI Emerging Markets ETF-5.0%81.66919202686.00622202689
EEMiShares MSCI Emerging Markets ETF-5.9%67.03919202671.21622202689
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-9.5%33.77919202637.30622202689
EWYiShares MSCI South Korea ETF-17.3%181.319192026219.20621202690
EWZiShares MSCI Brazil ETF-10.1%37.52919202641.734142026158
FXIiShares China Large-Cap ETF-10.3%34.32919202638.265132026129
ILFiShares Latin America 40 ETF-8.0%35.04919202638.104142026158
KWEBKraneShares CSI China Internet ETF-18.8%24.83919202630.595132026129
SDYState Street SPDR S&P Dividend ETF-5.3%150.789192026159.18824202626
NOBLProShares S&P 500 Dividend Aristocrats ETF-5.8%55.66919202659.07824202626
MTUMiShares MSCI USA Momentum Factor ETF-10.3%309.629192026345.22622202689
SPHQInvesco S&P 500 Quality ETF-6.8%83.93919202690.10630202681
FNDASchwab Fundamental U.S. Small Company ETF-7.1%35.79919202638.52816202634
SPMOInvesco S&P 500 Momentum ETF-7.7%149.219192026161.66622202689
URAGlobal X Uranium ETF-28.5%41.65919202658.265062026136
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-15.7%35.11919202641.635132026129
ROBOROBO Global Robotics & Automation Index ETF-13.1%78.50919202690.346022026109
LITGlobal X Lithium & Battery Tech ETF-23.1%70.50919202691.625112026131
ICLNiShares Global Clean Energy ETF-26.1%17.56919202623.756022026109
ARKQARK Autonomous Technology & Robotics ETF-15.0%122.209192026143.825282026114
ARKXARK Space & Defense Innovation ETF-14.9%32.12919202637.745282026114
NASATema Space Innovators ETF-42.9%23.94919202641.895272026115
AGIXKraneShares Artificial Intelligence ETF-5.8%46.55919202649.406012026110
DRSKAptus Defined Risk ETF-6.3%27.81919202629.676012026110
YYYAmplify CEF High Income ETF-6.3%10.83919202611.56712202669
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund-6.3%66.78919202671.30825202625
XLIState Street Industrial Select Sector SPDR ETF-9.0%169.759192026186.51816202634
XLCState Street Communication Services Select Sector SPDR ETF-7.0%110.819192026119.104192026153
XLYState Street Consumer Discretionary Select Sector SPDR ETF-9.0%111.039192026122.065282026114
XLPState Street Consumer Staples Select Sector SPDR ETF-5.3%82.80919202687.45824202626
XLUState Street Utilities Select Sector SPDR ETF-12.8%41.10919202647.154092026163
XLBState Street Materials Select Sector SPDR ETF-6.9%49.99919202653.67826202624
IYJiShares U.S. Industrials ETF-8.3%155.729192026169.86804202646
IYMiShares U.S. Basic Materials ETF-7.2%182.379192026196.45825202625
SMHVanEck Semiconductor ETF-14.3%573.009192026668.91622202689
SOXXiShares Semiconductor ETF-18.6%533.079192026655.01622202689
IBBiShares Biotechnology ETF-5.7%204.569192026216.96819202631
XBIState Street SPDR S&P Biotech ETF-7.6%156.729192026169.55819202631
ITAiShares U.S. Aerospace & Defense ETF-15.6%213.849192026253.22816202634
IGViShares Expanded Tech-Software Sector ETF-5.4%104.359192026110.32827202623
IYTiShares U.S. Transportation ETF-10.8%80.27919202690.01716202665
IAIiShares U.S. Broker-Dealers & Securities Exchanges ETF-6.7%184.809192026198.06903202616
KREState Street SPDR S&P Regional Banking ETF-6.6%72.75919202677.93816202634
MISLFirst Trust Indxx Aerospace & Defense ETF-13.8%42.38919202649.195282026114
RINGiShares MSCI Global Gold Miners ETF-9.7%84.09919202693.17825202625
SOXQInvesco PHLX Semiconductor ETF-18.5%93.869192026115.11622202689
TLTiShares 20+ Year Treasury Bond ETF-6.4%81.25919202686.78629202682
VGLTVanguard Long-Term Treasury ETF-5.5%52.07919202655.12629202682
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.9%24.77919202626.33629202682
TLHiShares 10-20 Year Treasury Bond ETF-5.4%95.169192026100.56629202682
EDVVanguard World Funds Extended Duration ETF-8.9%59.63919202665.43624202687
SPLBState Street SPDR Portfolio Long Term Corporate Bond ETF-5.4%21.19919202622.40629202682
IGLBiShares 10+ Year Investment Grade Corporate Bond ETF-5.2%47.44919202650.05629202682
LMUBiShares Long-Term National Muni Bond ETF-6.5%47.67919202651.00705202676
GSGiShares GSCI Commodity-5.4%30.01919202631.723222026181
GLDSPDR Gold Trust-10.0%401.179192026445.934192026153
IAUiShares Gold Trust-10.0%82.23919202691.344192026153
GLDMSPDR Gold MiniShares Trust-9.8%86.59919202696.044192026153
SLViShares Silver Trust-24.5%59.93919202679.355132026129
PPLTETFS Physical Platinum Shares-16.6%16.31919202619.555132026129
PALLETFS Physical Palladium Shares-18.0%23.69919202628.894142026158
UNGUnited States Natural Gas Fund LP-16.0%10.41919202612.393222026181
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85919202660.135042026138
VNQVanguard Real Estate ETF-8.0%92.919192026100.95728202653
XLREState Street Real Estate Select Sector SPDR ETF-7.6%42.53919202646.01728202653
SCHHSchwab U.S. REIT ETF-8.5%22.74919202624.86726202655
IYRiShares U.S. Real Estate ETF-8.6%98.009192026107.26728202653
REETiShares Global REIT ETF-9.2%26.22919202628.89726202655
USRTiShares Core U.S. REIT ETF-10.1%62.80919202669.82726202655

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-09-18

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$31.1B), followed by Bond (+$14.5B), while Real Estate (−$396M) saw the largest outflows.
  • Within the mix, money rotated into Factor Smart Beta (+$10.0B) and out of US Large Cap Core (−$12.8B).
  • Relative to fund size, CNEQ drew the largest inflow (+50.7% of AUM) and XOVR the largest outflow (−27.6%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$54.64B+5.2%
2VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$9.67B+1.4%
3SPMOInvesco S&P 500 Momentum ETFEquity Factor Smart Beta+$6.97B+31.4%
4SGOViShares 0-3 Month Treasury Bond ETFCash+$6.93B+6.4%
5VUGVanguard Morningstar Growth ETFEquity US Large Growth+$4.54B+2.0%
6VGSHVanguard Short-Term Treasury ETFBond Short Treasury+$4.5B+13.0%
7VOVanguard Morningstar Mid-Cap ETFEquity US Mid Cap Core+$4.24B+3.9%
8VFLOVictoryShares Free Cash Flow ETFOther+$3.64B+33.0%
9SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$3.31B+3.0%
10GLDSPDR Gold SharesCommodity Gold+$3.21B+2.2%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$44.75B-5.1%
2SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core-$26.14B-3.2%
3QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth-$8.3B-1.7%
4LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$4.6B-15.4%
5XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector-$2.97B-5.4%
6VGITVanguard Intermediate-Term Treasury ETFBond Intermediate Treasury-$2.47B-6.2%
7DRAMRoundhill Memory ETFOther-$2.31B-8.9%
8HYGiShares iBoxx $ High Yield Corporate Bond ETFBond High Yield Corporate-$2.29B-14.9%
9IWMiShares Russell 2000 ETFEquity US Small Cap Core-$2.06B-2.6%
10EWYiShares MSCI South Korea ETFEquity Emerging Markets-$2.04B-7.4%

Largest ETF fund flows across ~2632 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About TFLO

0Holdings Count: 8
Expense Ratio: 0.15%
Inception Date: 2014-02-02
iShares Treasury Floating Rate Bond ETF
The iShares Treasury Floating Rate Bond ETF endeavors to mirror the financial performance of a benchmark index that is exclusively made up of floating-rate U.S. Treasury securities.
Asset Class: Fixed Income | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

TFLOSGOVBILJPSTSHVUSFRMedian
NameiShares Tr.iShares 0-.State Stre.JPMorgan U.iShares Tr.WisdomTree. 
Asset ClassCashCashCashCashCashCash-
AUM ($ Bil)6.7109.446.941.521.219.231.3
Expense Ratio0.15%0.09%0.14%0.18%0.15%0.15%0.15%
10-D Avg Volume (Mil)1.4720.669.616.302.605.045.67
Latest Day Volume (Mil)1.8010.886.124.021.415.154.59
Holdings Count8243379616620
Inception Date2/2/20145/25/20205/25/20075/17/20171/4/20072/4/2014-

Fundamentals

TFLOSGOVBILJPSTSHVUSFRMedian
NameiShares Tr.iShares 0-.State Stre.JPMorgan U.iShares Tr.WisdomTree. 
Net Asset Value50.55100.5191.4750.33110.1450.44-
Premium/Discount0.1%0.1%0.1%0.1%0.1%0.1%0.1%
Distribution Yield3.7%3.7%3.7%4.2%3.7%3.7%3.7%
Sales Yield-------
Earnings Yield-------

Valuation

TFLOSGOVBILJPSTSHVUSFRMedian
NameiShares Tr.iShares 0-.State Stre.JPMorgan U.iShares Tr.WisdomTree. 
P/S (TTM)-------
P/E (TTM)-------
P/FCF (TTM)-------
Forward P/E-------
Forward P/S-------

Risk

TFLOSGOVBILJPSTSHVUSFRMedian
NameiShares Tr.iShares 0-.State Stre.JPMorgan U.iShares Tr.WisdomTree. 
Volatility (1Y)0.4%0.3%0.4%0.6%0.4%0.4%0.4%
Volatility (3Y)0.4%0.3%0.3%0.6%0.3%0.4%0.3%
Volatility (5Y)0.4%0.3%0.3%0.6%0.3%0.4%0.3%
Beta (1Y)0.00-0.000.000.010.00-0.000.00
Beta (3Y)-0.000.00-0.000.000.00-0.00-0.00
Beta (5Y)-0.00-0.000.000.000.00-0.00-0.00
Sharpe Ratio (1Y)8.789.868.984.958.958.358.87
Sharpe Ratio (3Y)12.2015.6514.707.8714.4612.0213.33
Sharpe Ratio (5Y)9.8213.2711.925.9410.649.0210.23
Max Drawdown (1Y)-0.3%-0.3%-0.3%-0.4%-0.3%-0.3%-0.3%
Max Drawdown (3Y)-0.3%-0.3%-0.3%-0.4%-0.3%-0.3%-0.3%
Max Drawdown (5Y)-0.3%-0.3%-0.3%-0.8%-0.4%-0.3%-0.3%

Returns

TFLOSGOVBILJPSTSHVUSFRMedian
NameiShares Tr.iShares 0-.State Stre.JPMorgan U.iShares Tr.WisdomTree. 
1M Return0.1%0.0%-0.0%-0.3%-0.1%0.0%-0.0%
3M Return0.7%0.6%0.6%0.4%0.6%0.7%0.6%
6M Return1.6%1.5%1.5%1.4%1.5%1.6%1.5%
YTD Return2.5%2.3%2.2%1.9%2.2%2.5%2.3%
1Y Return3.7%3.5%3.4%3.2%3.3%3.8%3.4%
2Y Return8.4%8.1%8.0%8.3%7.9%8.5%8.2%
3Y Return14.2%14.1%13.8%15.3%13.8%14.4%14.1%

Short Interest

Short Interest: As Of Date8312026
Short Interest: Shares Quantity0.5 Mil
Short Interest: % Change Since 8152026382.9%
Average Daily Volume1.2 Mil
Days-to-Cover Short Interest1