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TFLO vs VGUS: Differences, Returns & Fees

TFLO's duration was 0.0 years on Jul 31, 2026 and VGUS's 0.3 on Jun 30, 2026; VGUS charges 0.07% to TFLO's 0.15%. Net assets: $7.2bn on Oct 20, 2026 for iShares Treasury Floating Rate Bond ETF, and $1.2bn on Sep 30, 2026 for Vanguard Ultra-Short Treasury ETF.

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Answers cite the figures on this page.

VGUS costs 0.08 points a year less; their one-year returns differ by 0.4 points; TFLO is 5.8 times larger.

TFLO vs VGUS: Differences, Returns & Fees
TFLOVGUS
Expense ratio0.15%0.07%
Net assets, as of Sep 30, 2026$6.9bn$1.2bn
Total return, 1 year+4.0%+3.6%
What it tracksBloomberg U.S. Treasury Floating Rate IndexBloomberg Short Treasury Index
Holdings in commonreport dates differ

Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026.

+4.0%
TFLO total return, 1 year
+3.6%
VGUS total return, 1 year
0.15%
TFLO expense ratio
0.07%
VGUS expense ratio

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Client brief · page 1 of 2Report BR-EF7D06D1DE

TFLO and VGUS 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 VGUS follows Bloomberg Short Treasury Index.
  2. Number of holdings. TFLO holds 8 positions and VGUS holds 90.
  3. Size. TFLO has $6.9bn in net assets and VGUS $1.2bn (net assets, as of Sep 30, 2026); TFLO is 5.8 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

TFLO
iShares Treasury Floating Rate Bond ETF
VGUS
Vanguard Ultra-Short Treasury ETF
Where it sits Bond ETF Bond ETF
Issuer iShares Vanguard
What it is Tracks an index Tracks an index
Total return, 1 year +4.0% +3.6%
Its benchmark over the same days +4.0% (USFR) not measured
Gap to its benchmark −0.1 pts vs USFR not measured
Expense ratio 0.15% 0.07%
Holdings 8 90
Net assets, TFLO as of Oct 20, 2026 and VGUS as of Sep 30, 2026 $7.2bn $1.2bn

TFLO and VGUS 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 VGUS

VGUS tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.07% a year.

Questions people ask

Which returned more over the last year, TFLO or VGUS?
In the year to Oct 20, 2026, with distributions reinvested, TFLO returned +4.0% and VGUS +3.6%.
Which is cheaper, TFLO or VGUS?
VGUS is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BILZ vs TFLOTFLO vs VNLARAVI vs TFLOTFLO vs YEARBSCR vs VGUSFLOT vs VGUSGSY vs VGUSBILS vs VGUS
TFLO on its own →VGUS on its own →Hold both: look the portfolio through →Rankings →TFLO dividend history →TFLO holdings →VGUS dividend history →VGUS 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 ↗VGUS filings on SEC EDGAR ↗VGUS prospectus with the expense ratio (SEC) ↗Vanguard page for VGUS ↗

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

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

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