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TFLO vs USFR: Differences, Returns & Fees

TFLO's duration was 0.0 years on Jul 31, 2026 and USFR's 0.0 on May 31, 2026; both charge 0.15%. Net assets: $7.2bn on Oct 20, 2026 for iShares Treasury Floating Rate Bond ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.

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Answers cite the figures on this page.

Both cost 0.15% a year; both returned +4.0% over a year; USFR is 2.7 times larger.

Points (pts) are percentage points.

TFLO vs USFR: Differences, Returns & Fees
TFLOUSFR
Expense ratio0.15%0.15%
Net assets, as of Feb 28, 2025$6.6bn$17.7bn
Total return, 1 year+4.0%+4.0%
What it tracksBloomberg U.S. Treasury Floating Rate IndexBloomberg U.S. Treasury Floating Rate Bond Index
Holdings in commonreport dates differ

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

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

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Client brief · page 1 of 2Report BR-0EE8087452

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

  1. What each follows. TFLO follows Bloomberg U.S. Treasury Floating Rate Index and USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index.
  2. One-year total return (similar). Over 1 year to Oct 20, 2026 TFLO returned +4.0% and USFR +4.0% with distributions reinvested, a gap of 0.0 points.
  3. Number of holdings (similar). TFLO holds 8 positions and USFR holds 4.

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

TFLO
iShares Treasury Floating Rate Bond ETF
USFR
WisdomTree Floating Rate Treasury Fund
Where it sits Bond ETF Bond ETF
Issuer iShares WisdomTree
What it is Tracks an index Tracks an index of Floating Rate Treasury
Total return, 1 year +4.0% +4.0%
Its benchmark over the same days +4.0% (USFR) +4.0% (TFLO)
Gap to its benchmark −0.1 pts vs USFR +0.1 pts vs TFLO
Expense ratio 0.15% 0.15%
Holdings 8 4
Net assets, TFLO as of Oct 20, 2026 and USFR as of May 31, 2026 $7.2bn $17.0bn

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

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.

About USFR

USFR tracks an index of Floating Rate Treasury. 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 Bond Index.

Questions people ask

Which returned more over the last year, TFLO or USFR?
In the year to Oct 20, 2026, with distributions reinvested, TFLO returned +4.0% and USFR +4.0%.
Which is cheaper, TFLO or USFR?
Neither: TFLO and USFR both charge 0.15% a year. Fees come from each fund's prospectus.
Other comparisons
FLOT vs TFLOJPST vs TFLOBIL vs TFLOBSCR vs TFLOBSCR vs USFRIBDS vs USFRGSY vs USFRBILS vs USFR
TFLO on its own →USFR on its own →Hold both: look the portfolio through →Rankings →TFLO dividend history →TFLO holdings →USFR dividend history →USFR holdings →Standards and sources →
Where these figures came from
TFLO filings on SEC EDGAR ↗TFLO prospectus with the expense ratio (SEC) ↗iShares page for TFLO ↗USFR filings on SEC EDGAR ↗USFR prospectus with the expense ratio (SEC) ↗WisdomTree page for USFR ↗

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

Open data

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