T. Rowe Price Floating Rate ETF
$50.05−0.05 (−0.10%)
- 0.61%
- $886M
- +4.0%
- 6.55%
- 119K sh
- low $49.77high $51.68
The ETF.net TFLR Grade
D
Score 32 out of 100
- 73 of 85
Score 32 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F15 out of 100Rank 72 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.F9 out of 100Rank 72 of 77Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B65 out of 100Rank 8 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C49 out of 100Rank 43 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C49 out of 100Rank 55 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 30 of 85
Our read on TFLR
In short
DA floating-rate outlier in a fixed-coupon crowd. T. Rowe's bank-loan ETF keeps at least 80% of net assets in loans and debt whose coupons reset with short-term rates, most of it below investment grade.
Stated mandate
The fund seeks high current income and, secondarily, capital appreciation.
Why people hold it
Worth knowing
TFLR Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
TFLR$10,399
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TFLR |
|---|---|
| Year to date | +2.8% |
| 1 month | −0.2% |
| 3 months | +0.8% |
| 1 year | +4.0% |
| 3 years | +7.3% |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TFLR |
|---|---|---|
| 2026 YTD | +2.8% | |
| 2025 | +6.6% | |
| 2024 | +8.8% | |
| 2023 | +12.1% | |
| 2022 | 0.0% |
TFLR in the news
TFLR Dividends
- 6.55%
- $3.28
- $0.29 per share
- Monthly
TFLR Risk
- 2.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.24
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −4.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.05
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
TFLR Cost
Overpaying vs SCYB, cheapest in US High Yield
$11,360
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
TFLR 0.61%
$11,998
SCYB 0.03% Cheapest
$638
Cost over time
Year by year
| Year | TFLR | SCYB | Overpaying |
|---|---|---|---|
| 10 | $1,093 | $55 | $1,038 |
| 20 | $4,181 | $216 | $3,965 |
| 30 | $11,998 | $638 | $11,360 |
Other funds in US High Yield
- DHYSABondBloxx High Yield Income ETFExpense ratio 0.55%1 year return +1.0%
- DLENDSEI High Yield Bond & Alternative Credit ETFExpense ratio 0.65%1 year return
- DHYHGProShares High Yield - Interest Rate HedgedExpense ratio 0.50%1 year return +3.6%
- CCDXSimplify High Yield ETFExpense ratio 0.50%1 year return −3.7%
- DDYLDLeaderShares Dynamic Yield ETFExpense ratio 0.75%1 year return +1.3%
