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SHV vs TFLO: Differences, Returns & Fees

SHV's duration was 0.3 years on May 31, 2026 and TFLO's 0.0 on Jul 31, 2026; both charge 0.15%. Net assets on Oct 20, 2026: $23.5bn for iShares 0-1 Year Treasury Bond ETF and $7.2bn for iShares Treasury Floating Rate Bond ETF.

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Answers cite the figures on this page.

Both cost 0.15% a year; their one-year returns differ by 0.4 points; SHV is 3.3 times larger.

Points (pts) are percentage points.

SHV vs TFLO: Differences, Returns & Fees
SHVTFLO
Expense ratio0.15%0.15%
Net assets$23.5bn$7.2bn
Total return, 1 year+3.6%+4.0%
What it tracksICE Short US Treasury Securities IndexBloomberg U.S. Treasury Floating Rate Index
Holdings in commonreport dates differ

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

+3.6%
SHV total return, 1 year
+4.0%
TFLO total return, 1 year
0.15%
SHV expense ratio
0.15%
TFLO expense ratio

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Client brief · page 1 of 2Report BR-3FEB7A924C

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

  1. What each follows. SHV follows ICE Short US Treasury Securities Index and TFLO follows Bloomberg U.S. Treasury Floating Rate Index.
  2. Number of holdings. SHV holds 67 positions and TFLO holds 8.
  3. Size. SHV has $23.5bn in net assets and TFLO $7.2bn (Net assets); SHV is 3.3 times larger.

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

SHV
iShares 0-1 Year Treasury Bond ETF
TFLO
iShares Treasury Floating Rate Bond ETF
Where it sits Bond ETF Bond ETF
Issuer iShares iShares
What it is Tracks an index of 0-1 Year Treasury Bond Tracks an index
Total return, 1 year +3.6% +4.0%
Its benchmark over the same days not measured +4.0% (USFR)
Gap to its benchmark not measured −0.1 pts vs USFR
Expense ratio 0.15% 0.15%
Holdings 67 8
Net assets $23.5bn $7.2bn

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

About SHV

SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.15% 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.

Questions people ask

Which returned more over the last year, SHV or TFLO?
In the year to Oct 20, 2026, with distributions reinvested, SHV returned +3.6% and TFLO +4.0%.
Which is cheaper, SHV or TFLO?
Neither: SHV and TFLO both charge 0.15% a year. Fees come from each fund's prospectus.
Other comparisons
SHV vs TBILFTSM vs SHVICSH vs SHVSHV vs VUSBFLTR vs TFLOFLRN vs TFLOBSCQ vs TFLOCLIP vs TFLO
SHV on its own →TFLO on its own →Hold both: look the portfolio through →Rankings →SHV dividend history →SHV holdings →TFLO dividend history →TFLO holdings →Standards and sources →
Where these figures came from
SHV and TFLO filings on SEC EDGAR ↗SHV prospectus with the expense ratio (SEC) ↗iShares page for SHV ↗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, SHV against TFLO, data as of Oct 20, 2026. https://etfiq.com/compare/any/shv-vs-tflo

Open data

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