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

In the year to Oct 20, 2026, with distributions reinvested, GSY returned +3.7% and TFLO +4.0%.

Which is cheaper, GSY or TFLO?

TFLO is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

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GSY vs TFLO: Differences, Returns & Fees

On Jul 31, 2026 GSY's duration was 0.8 years and TFLO's 0.0; TFLO charges 0.15% to GSY's 0.22%. Net assets on Oct 20, 2026: $4.0bn for Invesco Ultra Short Duration ETF and $7.2bn for iShares Treasury Floating Rate Bond ETF.

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Answers cite the figures on this page.

TFLO costs 0.07 points a year less; their one-year returns differ by 0.3 points; TFLO is 1.8 times larger.

GSY vs TFLO: Differences, Returns & Fees
	GSY	TFLO
Expense ratio	0.22%	0.15%
Net assets	$4.0bn	$7.2bn
Total return, 1 year	+3.7%	+4.0%
What it tracks	No index, actively managed	Bloomberg U.S. Treasury Floating Rate Index
Holdings in common	0%

Holdings in common uses holdings dated Jul 31, 2026.

+3.7%

GSY total return, 1 year

+4.0%

TFLO total return, 1 year

0.22%

GSY expense ratio

0.15%

TFLO expense ratio

Client brief · page 1 of 2Report BR-AE7EADB58B

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

What each follows. GSY follows No index, actively managed and TFLO follows Bloomberg U.S. Treasury Floating Rate Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026).
Number of holdings. GSY holds 414 positions and TFLO holds 8.

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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What they hold in common

By the books each fund has filed, GSY and TFLO hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

50%

half

0% in common

Positions both hold, largest shared weight first

Holding GSY TFLO

Only in GSY

U.S. Treasury Bills, due May 13, 2027 1.24%

U.S. Treasury Notes/Bonds, due May 31, 2028 1.14%

U.S. Treasury Notes/Bonds, due Jun 30, 2028 1.02%

American Tower Corp., due Jan 15, 2027 0.66%

Amazon.com, Inc., due Jul 9, 2029 0.64%

Jefferies Financial Group Inc., due Sep 15, 2026 0.64%

Haleon US Capital LLC, due Mar 24, 2027 0.63%

NatWest Group PLC, due Mar 1, 2028 0.53%

Only in TFLO

U.S. Treasury Floating Rate Notes, due Apr 30, 2028 14.37%

U.S. Treasury Floating Rate Notes, due Apr 30, 2027 13.54%

U.S. Treasury Floating Rate Notes, due Jan 31, 2027 13.45%

U.S. Treasury Floating Rate Notes, due Oct 31, 2027 13.37%

U.S. Treasury Floating Rate Notes, due Jan 31, 2028 12.93%

U.S. Treasury Floating Rate Notes, due Jul 31, 2027 12.84%

U.S. Treasury Floating Rate Notes, due Oct 31, 2026 12.83%

U.S. Treasury Floating Rate Notes, due Jul 31, 2028 6.26%

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On the same fields

GSY

Invesco Ultra Short Duration ETF

TFLO

iShares Treasury Floating Rate Bond ETF

Where it sits Bond ETF Bond ETF

Issuer Invesco iShares

What it is Actively managed Tracks an index

Total return, 1 year +3.7% +4.0%

Its benchmark over the same days +3.7% (SPTU) +4.0% (USFR)

Gap to its benchmark 0.0 pts vs SPTU −0.1 pts vs USFR

Expense ratio 0.22% 0.15%

Holdings 414 8

Net assets $4.0bn $7.2bn

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

About GSY

GSY is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested, against +3.7% for its benchmark, the ICE BofA US Treasury Bill Index. The prospectus expense ratio is 0.22% 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, GSY or TFLO?: In the year to Oct 20, 2026, with distributions reinvested, GSY returned +3.7% and TFLO +4.0%.
Which is cheaper, GSY or TFLO?: TFLO is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

GSY vs VNLA GSY vs TBUX BILZ vs GSY GSY vs SGOV BILS vs TFLO TFLO vs VNLA BSCQ vs TFLO IBDR vs TFLO

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

Where these figures came from

GSY filings on SEC EDGAR ↗GSY prospectus with the expense ratio (SEC) ↗Invesco page for GSY ↗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.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

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

Open data

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