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TBLL vs TFLO: Differences, Returns & Fees

TBLL's duration was 0.3 years on May 31, 2026 and TFLO's 0.0 on Jul 31, 2026; TBLL charges 0.08% to TFLO's 0.15%. Net assets on Oct 20, 2026: $2.6bn for Invesco Short Term Treasury ETF and $7.2bn for iShares Treasury Floating Rate Bond ETF.

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Answers cite the figures on this page.

TBLL costs 0.07 points a year less; their one-year returns differ by 0.4 points; TFLO is 2.7 times larger.

TBLL vs TFLO: Differences, Returns & Fees
TBLLTFLO
Expense ratio0.08%0.15%
Net assets$2.6bn$7.2bn
Total return, 1 year+3.6%+4.0%
What it tracksICE U.S. Treasury Short Bond 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%
TBLL total return, 1 year
+4.0%
TFLO total return, 1 year
0.08%
TBLL expense ratio
0.15%
TFLO expense ratio

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Client brief · page 1 of 2Report BR-469B50172C

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

  1. What each follows. TBLL follows ICE U.S. Treasury Short Bond Index and TFLO follows Bloomberg U.S. Treasury Floating Rate Index.
  2. Number of holdings. TBLL holds 93 positions and TFLO holds 8.
  3. One-year total return (similar). Over 1 year to Oct 20, 2026 TBLL returned +3.6% and TFLO +4.0% with distributions reinvested, a gap of 0.4 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

TBLL
Invesco Short Term Treasury ETF
TFLO
iShares Treasury Floating Rate Bond ETF
Where it sits Bond ETF Bond ETF
Issuer Invesco iShares
What it is Tracks an index Tracks an index
Total return, 1 year +3.6% +4.0%
Its benchmark over the same days +3.6% (TRSY) +4.0% (USFR)
Gap to its benchmark 0.0 pts vs TRSY −0.1 pts vs USFR
Expense ratio 0.08% 0.15%
Holdings 93 8
Net assets $2.6bn $7.2bn

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

About TBLL

TBLL tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against +3.6% for its benchmark, the ICE U.S. Treasury Short Bond Index. The prospectus expense ratio is 0.08% 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, TBLL or TFLO?
In the year to Oct 20, 2026, with distributions reinvested, TBLL returned +3.6% and TFLO +4.0%.
Which is cheaper, TBLL or TFLO?
TBLL 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
FTSM vs TBLLGBIL vs TBLLTBLL vs VUSBBSCR vs TBLLIBDR vs TFLOIBTH vs TFLOCLIP vs TFLOFLDR vs TFLO
TBLL on its own →TFLO on its own →Hold both: look the portfolio through →Rankings →TBLL dividend history →TBLL holdings →TFLO dividend history →TFLO holdings →Standards and sources →
Where these figures came from
TBLL filings on SEC EDGAR ↗TBLL prospectus with the expense ratio (SEC) ↗Invesco page for TBLL ↗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, TBLL against TFLO, data as of Oct 20, 2026. https://etfiq.com/compare/any/tbll-vs-tflo

Open data

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