Which returned more over the last year, BOXX or TFLO?

In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and TFLO +4.0%.

Which is cheaper, BOXX or TFLO?

TFLO is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BOXX vs TFLO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, BOXX and TFLO finished level, +4.0% against +4.0%, and TFLO charges 0.15% to BOXX's 0.19%.

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Net assets on Oct 28, 2026: $14.5bn for Alpha Architect 1-3 Month Box ETF and $7.3bn for iShares Treasury Floating Rate Bond ETF.

BOXX on its own →TFLO on its own →

At a glance

+4.0%

BOXX total return, 1 year

+4.0%

TFLO total return, 1 year

0.19%

BOXX expense ratio

0.15%

TFLO expense ratio

Pair scorecard

TFLO costs 0.04 points a year less; both returned +4.0% over a year; BOXX is 2.0 times larger.

BOXX vs TFLO: Differences, Returns & Fees
Measure	BOXX	TFLO
Return
Measure	BOXX	TFLO
Total return, 1 year	+4.0%	+4.0%
Benchmark
Measure	BOXX	TFLO
What it tracks	No index, actively managed	Bloomberg U.S. Treasury Floating Rate Index
Cost and size
Measure	BOXX	TFLO
Expense ratio	0.19%	0.15%
Net assets	$14.5bn	$7.3bn
Holdings
Measure	BOXX	TFLO
Holdings in common	report dates differ

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026. Method

Risk and return

Jan 6, 2023 to Oct 23, 2026 · 198 weekly returns

BOXX TFLO

Return

Total return edge Tie +18.9% +19.1%

Annualized edge Tie +4.6% +4.7%

Price return edge BOXX +18.6% +0.5%

Risk

Volatility edge TFLO 0.2% 0.2%

Max drawdown edge TFLO −0.1% 0.0%

Risk-adjusted

Sharpe edge TFLO −0.25 −0.10

Sortino edge TFLO −0.35 −0.14

Calmar Not measured Not measured

Reading

BOXX and TFLO returned about the same: +18.9% and +19.1%. TFLO swung less: 0.2% to 0.2%. TFLO fell less at its worst: 0.0% to −0.1%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: BOXX vs TFLO: Differences, Returns & Fees
Measure	BOXX	TFLO	Edge	How it is measured
Return
Total return	+18.9%	+19.1%	Tie	Price change plus distributions, reinvested.
Annualized	+4.6%	+4.7%	Tie	Total return as a yearly rate.
Price return	+18.6%	+0.5%	BOXX	Price change alone, distributions left out.
Risk
Volatility	0.2%	0.2%	TFLO	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.2%	0.1%	TFLO	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−0.1%	0.0%	TFLO	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.25	−0.10	TFLO	Return above Treasury bills per unit of volatility.
Sortino	−0.35	−0.14	TFLO	Return above Treasury bills per unit of downside deviation.
Calmar	Not measured	Not measured		Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 198 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

BOXX Alpha Architect 1-3 Month Box ETF TFLO iShares Treasury Floating Rate Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Alpha Architect iShares

What it is Actively managed Tracks an index

Total return, 1 year +4.0% +4.0%

Its benchmark over the same days not measured +4.1% (USFR)

Gap to its benchmark not measured −0.1 pts vs USFR

Expense ratio 0.19% 0.15%

Holdings not counted 8

Net assets $14.5bn $7.3bn

BOXX and TFLO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-F0370ACFCC

BOXX and TFLO are built for the same job. How do they differ in cost, holdings and results?

What each follows. BOXX follows No index, actively managed and TFLO follows Bloomberg U.S. Treasury Floating Rate Index.
One-year total return (similar). Over 1 year to Oct 28, 2026 BOXX returned +4.0% and TFLO +4.0% with distributions reinvested, a gap of 0.0 points.
Cost (similar). BOXX charges 0.19% of assets a year and TFLO 0.15%, a gap of 0.04 points.

Data as of Oct 28, 2026.

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About each fund

BOXX

BOXX is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.0% with distributions reinvested. The prospectus expense ratio is 0.19% a year.

TFLO

TFLO tracks an index. Over the year to Oct 28, 2026 it returned +4.0% with distributions reinvested, against +4.1% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, BOXX or TFLO?: In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and TFLO +4.0%.
Which is cheaper, BOXX or TFLO?: TFLO is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BOXX vs TBIL BOXX vs VUSB BOXX vs BSCR BOXX vs GSY TFLO vs VBIL FLOT vs TFLO TFLO vs VUSB FTSM vs TFLO

Where to next

BOXX on its own →TFLO on its own →Hold both: look the portfolio through →Rankings →BOXX dividend history →TFLO dividend history →TFLO holdings →Standards and sources →

Sources and dates

BOXX filings on SEC EDGAR ↗

BOXX prospectus with the expense ratio (SEC) ↗

Alpha Architect website ↗

TFLO filings on SEC EDGAR ↗

TFLO prospectus with the expense ratio (SEC) ↗

iShares page for TFLO ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, BOXX against TFLO, data as of Oct 28, 2026. https://etfiq.com/compare/any/boxx-vs-tflo

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.