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FTSM vs TFLO: Differences, Returns & Fees

On Jul 31, 2026 FTSM's duration was 0.7 years and TFLO's 0.0; TFLO charges 0.15% to FTSM's 0.29%. Net assets on Oct 20, 2026: $6.7bn for First Trust Enhanced Short Maturity ETF and $7.2bn for iShares Treasury Floating Rate Bond ETF.

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Answers cite the figures on this page.

TFLO costs 0.14 points a year less; their one-year returns differ by 0.6 points.

FTSM vs TFLO: Differences, Returns & Fees
FTSMTFLO
Expense ratio0.29%0.15%
Net assets$6.7bn$7.2bn
Total return, 1 year+3.4%+4.0%
What it tracksNo index, actively managedBloomberg U.S. Treasury Floating Rate Index
Holdings in commonnot published
+3.4%
FTSM total return, 1 year
+4.0%
TFLO total return, 1 year
0.29%
FTSM expense ratio
0.15%
TFLO expense ratio

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Client brief · page 1 of 2Report BR-70D6505336

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

  1. What each follows. FTSM follows No index, actively managed and TFLO follows Bloomberg U.S. Treasury Floating Rate Index.
  2. Number of holdings. FTSM holds 740 positions and TFLO holds 8.
  3. Cost. FTSM charges 0.29% of assets a year and TFLO 0.15%, a gap of 0.14 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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On the same fields

FTSM
First Trust Enhanced Short Maturity ETF
TFLO
iShares Treasury Floating Rate Bond ETF
Where it sits Bond ETF Bond ETF
Issuer First Trust iShares
What it is Actively managed Tracks an index
Total return, 1 year +3.4% +4.0%
Its benchmark over the same days −1.9% (AGG) +4.0% (USFR)
Gap to its benchmark +5.4 pts vs AGG −0.1 pts vs USFR
Expense ratio 0.29% 0.15%
Holdings 740 8
Net assets $6.7bn $7.2bn

FTSM and TFLO on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About FTSM

FTSM is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.4% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.29% a year.

About TFLO

TFLO tracks an index. Over the year to Oct 20, 2026 it returned +4.0% with distributions reinvested, against +4.0% 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, FTSM or TFLO?
In the year to Oct 20, 2026, with distributions reinvested, FTSM returned +3.4% and TFLO +4.0%.
Which is cheaper, FTSM or TFLO?
TFLO is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
FTSM vs TBILFTSM vs ICSHFTSM vs VUSBBSCR vs FTSMTFLO vs VUSBTFLO vs VBILTFLO vs VNLATFLO vs USFR
FTSM on its own →TFLO on its own →Hold both: look the portfolio through →Rankings →FTSM dividend history →FTSM holdings →TFLO dividend history →TFLO holdings →Standards and sources →
Where these figures came from
FTSM filings on SEC EDGAR ↗FTSM prospectus with the expense ratio (SEC) ↗First Trust page for FTSM ↗TFLO filings on SEC EDGAR ↗TFLO prospectus with the expense ratio (SEC) ↗iShares page for TFLO ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, FTSM against TFLO, data as of Oct 20, 2026. https://etfiq.com/compare/any/ftsm-vs-tflo

Open data

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