iShares Treasury Floating Rate Bond ETF (TFLO) Performance
TFLO total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +3.2% since Dec 31, 2025
- 1 year
- +4.0% total return
- 5 years
- +4.0% a year
- 10 years
- +2.5% a year
- Since first price
- +2.0% a year since 2014
TFLO trailing returns vs AGG, TLT, SPY
| Period | TFLO total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.4% | +0.1% | +0.9% | +1.5% | −1.0% |
| 3 months | +1.0% | +0.1% | −0.4% | −1.0% | +3.2% |
| 6 months | +2.0% | +0.1% | −1.5% | −3.8% | +7.8% |
| YTD | +3.2% | +0.4% | −1.0% | −3.4% | +12.3% |
| 1 year | +4.0% | +0.2% | −1.1% | −6.9% | +14.4% |
| 3 years | +14.3%+4.6%/yr | −0.1% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +21.4%+4.0%/yr | +0.8% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +28.1%+2.5%/yr | +1.0% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| Since inceptionFeb 4, 2014 | +28.7%+2.0%/yr | +1.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: TFLO vs AGG
From Feb 4, 2014: TFLO grew to $12,873, AGG to $12,589.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
TFLO returns by calendar year
9 of 11 full years positive. Best 2024 (+5.3%), worst 2016 (−0.1%). 2026 is year to date.
TFLO annual returns table
| Year | TFLO | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +3.2% | −0.0% | −1.0% | −3.4% | +12.3% |
| 2025 | +4.2% | −0.0% | +7.2% | +4.3% | +17.7% |
| 2024 | +5.3% | −0.0% | +1.3% | −8.1% | +24.9% |
| 2023 | +5.1% | −0.1% | +5.7% | +2.8% | +26.2% |
| 2022 | +2.0% | −0.1% | −13.0% | −31.2% | −18.2% |
| 2021 | −0.0% | −0.1% | −1.8% | −4.6% | +28.7% |
| 2020 | +0.4% | −0.2% | +7.5% | +18.2% | +18.3% |
| 2019 | +2.0% | −0.0% | +8.5% | +14.1% | +31.2% |
| 2018 | +1.8% | −0.2% | +0.1% | −1.6% | −4.6% |
| 2017 | +1.0% | −0.1% | +3.6% | +9.2% | +21.7% |
| 2016 | −0.1% | −0.5% | +2.4% | +1.2% | +12.0% |
| 2015 | +0.6% | −0.7% | +0.5% | −1.8% | +1.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
TFLO largest drawdowns
At an all-time high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 28, 2014 | −5.0% | Dec 19, 2014 | Dec 28, 2015 | 52 days | 1.2 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
TFLO risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +4.6% | +3.9% | +2.5% | +2.0% |
| Volatility (annualized) | 0.2% | 0.5% | 0.6% | 0.6% |
| Sharpe ratio | 0.91 | 1.28 | 1.03 | 0.59 |
| Sortino ratio | 1.52 | 2.88 | 2.04 | 0.97 |
| Best month | +0.5% | +0.5% | +0.5% | +0.6% |
| Worst month | +0.3% | −0.1% | −0.1% | −0.5% |
| Best 12 months | +5.3% | +5.5% | +5.5% | +5.5% |
| Worst 12 months | +3.9% | +1.0% | −0.0% | −0.2% |
| Positive months | 100% | 93% | 88% | 83% |
| Beta vs S&P 500 | 0.00 | 0.00 | -0.00 | — |
| Correlation with S&P 500 | 0.10 | 0.13 | -0.00 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
TFLO rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 141 | −0.2% | +1.5% | +5.5% | 92% |
| 3-year (a year) | 117 | +0.2% | +1.4% | +4.9% | 100% |
| 5-year (a year) | 93 | +0.7% | +1.2% | +4.0% | 100% |
| 10-year (a year) | 33 | +1.4% | +2.0% | +2.5% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
TFLO performance overview
iShares Treasury Floating Rate Bond ETF (TFLO) returned +4.0% over the past year and +2.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +2.0% a year, turning $10,000 into about $12,873. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −5.0%, from Oct 28, 2014 to Dec 19, 2014, and it took 1.0 years to get back to the old high. TFLO finished 9 of its 11 full calendar years with a gain; the best year was 2024 (+5.3%) and the worst 2016 (−0.1%). Volatility has been 0.6% a year.
Related: TFLO chart, TFLO dividends, TFLO bond profile. See the TFLO overview for the latest quote and fund facts.
TFLO performance FAQ
What is the TFLO return over the past year?
TFLO returned +4.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 0.2%.
What is the average annual return of TFLO?
TFLO has returned +4.0% a year over 5 years, +2.5% a year over 10 years, +2.0% a year since February 4, 2014 (total return, distributions reinvested).
How much would $10,000 invested in TFLO be worth?
$10,000 invested in TFLO at its first recorded close on February 4, 2014 would be worth about $12,873 on October 23, 2026 with distributions reinvested.
What was the worst year for TFLO?
The worst calendar year was 2016, with a total return of −0.1%. The best was 2024 at +5.3%.
What is the biggest drawdown of TFLO?
The largest peak-to-trough decline was −5.0% between October 28, 2014 and December 19, 2014. It recovered to the old high on December 28, 2015, 1.0 years after the bottom.
How volatile is TFLO?
Over the past 3 years TFLO had an annualized volatility of 0.2% and a Sharpe ratio of 0.91 (excess return over 1–3 month T-bills per unit of risk).