TFLO vs VTG: Grades, Fees and Holdings Compared

iShares Treasury Floating Rate Bond ETF

TFLO—NYSE Arca

Vanguard Total Treasury ETF

VTGANYSE Arca

Overlap

No data

Expense ratio

VTG −0.12pt a year

TFLO0.15%VTG0.03%

Avg volume · 30D

TFLO 35.5×the volume

TFLO1.71MVTG48.1K

TFLO vs VTG Performance

Oct 31, 2025 – Oct 30, 2026

+4.0%TFLO−0.3%VTG

Expense ratio: TFLO 0.15%; VTG 0.03%, better
Fund size: TFLO $7.35B; VTG $228M
1Y total return: TFLO +4.0%, better; VTG −0.3%
Yield (12M): TFLO 3.72%; VTG 3.76%, better
Holdings: TFLO 10; VTG 289
Avg volume (30D): TFLO 1.71M sh, better; VTG 48.1K sh
NAV per share: TFLO $50.68; VTG $73.68
52W range

ETF.net Grade

—TFLOUnder classification review

Pillar letters and Scores for TFLO, VTG, with each pillar’s weight
Pillar	TFLO	VTG
Cost30% weight	Not scored	A97
Mission25% weight	Not scored	A96
Risk15% weight	Not scored	C40
Tradability15% weight	Not scored	D39
Holdings10% weight	Not scored	A77
Durability5% weight	Not scored	C54

Rank among US Treasury & Government funds

How we build Categories ›

US Treasury & Government⁠

Category · 16 funds

See all 16 ›

VTG ranks 3rd of 16 funds in the US Treasury & Government Category.

Rank 1AGOVTiShares U.S. Treasury Bond ETFScore 79
Rank 2ASPTBState Street SPDR Portfolio Treasury ETFScore 78
Rank 3AVTGVanguard Total Treasury ETFScore 75
Rank 4BFLGVFranklin U.S. Treasury Bond ETFScore 67
TFLONot yet graded

Our read on each fund

ETF.net Research

TFLO—iShares Treasury Floating Rate Bond ETF

VTGAVanguard Total Treasury ETF

In short

TFLO No data

VTG One ticker for the whole Treasury curve. Vanguard's 2025 answer to the do-it-yourself stack of short, intermediate and long Treasury funds: a single index fund covering the market at three basis points.

Stated mandate

TFLO No data

VTG The fund aims to track the performance of an index representing the broad U.S. Treasury bond market.

Why people hold it

TFLO No data

VTG Costs 0.03% a year, about a quarter of the typical fee in its Treasury peer group, and it lands in the top tier of that cohort on build quality.
Does the job of a three-fund short/intermediate/long stack in one holding, tracking the Bloomberg U.S. Treasury Total Return Unhedged USD Index across maturities.vanguard.com
Plain Treasuries only: no credit sleeve, no currency hedge, no active tilts, with income paid out monthly.

Worth knowing

TFLO No data

VTG Whole-curve exposure means long maturities are in the mix, so the share price moves with interest rates more than a short-term Treasury fund would.vanguard.com
A July 2025 launch, so it is still a small fund that trades lightly next to decade-old Treasury ETFs. Wider bid-ask spreads are the trade-off.
The index begins at one year to maturity, so T-bills and cash-like exposure sit outside it. Vanguard parks that end of the curve in separate funds such as VGUS.stockanalysis.com

Full TFLO profile⁠

Full VTG profile⁠

TFLO vs VTG Holdings

How TFLO and VTG differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Asset classFixed Income100%
Countryby domicile100%

Sector

No Sector split for VTG.

Country, concentration and asset class

Country by domicile

Country weights in TFLO and VTG, widest gap first
Country	More in TFLOMore in VTG	TFLO	VTG
United States	Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

TFLO110.8%
VTG8.6%

Securities held

TFLO9
VTG286

Asset class

TFLO: Fixed Income
VTG: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. TFLO holds 9 securities, VTG 286.

All 9 TFLO holdings⁠All VTG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

TFLO vs VTG Cost

Overpaying TFLO vs VTG

$2,499

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

TFLO 0.15%
$3,137
VTG 0.03%
$638

Amount$10,000

Years30 years

Cost over time

TFLO 0.15%
VTG 0.03%
Overpaying

Year by year

Year	TFLO	VTG	Overpaying
10	$274	$55	$219
20	$1,071	$216	$855
30	$3,137	$638	$2,499

Expense ratio

0.15%TFLO
0.03%VTG, cheaper

VTG0.03%TFLO0.15%

0.03%1.04%

Middle half of US Treasury & Government funds
Median 0.15%

VTG cheapest of 16 funds

TFLO 7th cheapest of 16 funds

TFLO vs VTG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): TFLO 3.72%; VTG 3.76%, better
Payout (12M): TFLO $1.89; VTG $2.77
Last payment: TFLO $0.16; VTG $0.25
Ex-dividend: TFLO Oct 1, 2026; VTG Oct 1, 2026
Paid on: TFLO Oct 6, 2026; VTG Oct 5, 2026
Frequency: TFLO Monthly; VTG Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

TFLOMonthly · 45 paymentsAll TFLO payments⁠

VTGMonthly · 15 paymentsAll VTG payments⁠

TFLO vs VTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: TFLO 0.2%VTG 4.2%since Aug 2025
Return per unit of riskSharpe ratio, 3 years: TFLO 0.07VTG −0.46since Aug 2025
Worst fallMax drawdown, 5 years: TFLO −0.1%VTG −4.5%since Jul 2025
Market sensitivityBeta, 5 years: TFLO −0.02VTG 0.06; Market = 1

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