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

In the year to Oct 20, 2026, with distributions reinvested, TFLO returned +4.0% and VNLA +3.6%.

Which is cheaper, TFLO or VNLA?

TFLO 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.

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TFLO vs VNLA: Differences, Returns & Fees

On Jul 31, 2026 TFLO's duration was 0.0 years and VNLA's 0.8; TFLO charges 0.15% to VNLA's 0.23%. Net assets: $7.2bn on Oct 20, 2026 for iShares Treasury Floating Rate Bond ETF, and $3.3bn on Jul 31, 2026 for Janus Henderson Short Duration Income ETF.

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Answers cite the figures on this page.

TFLO costs 0.08 points a year less; their one-year returns differ by 0.4 points; TFLO is 2.0 times larger.

TFLO vs VNLA: Differences, Returns & Fees
	TFLO	VNLA
Expense ratio	0.15%	0.23%
Net assets, as of Jul 31, 2026	$6.7bn	$3.3bn
Total return, 1 year	+4.0%	+3.6%
What it tracks	Bloomberg U.S. Treasury Floating Rate Index	No index, actively managed
Holdings in common	0%

Holdings in common uses holdings dated Jul 31, 2026.

+4.0%

TFLO total return, 1 year

+3.6%

VNLA total return, 1 year

0.15%

TFLO expense ratio

0.23%

VNLA expense ratio

Client brief · page 1 of 2Report BR-F093EB0B08

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

What each follows. TFLO follows Bloomberg U.S. Treasury Floating Rate Index and VNLA follows No index, actively managed.
Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026).
Number of holdings. TFLO holds 8 positions and VNLA holds 336.

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, TFLO and VNLA 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 TFLO VNLA

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%

Only in VNLA

Global Payments, Inc., due Aug 3, 2026 1.59%

Antero Resources Corp., due Aug 3, 2026 1.48%

Morgan Stanley Bank NA, due Jan 14, 2028 1.31%

HCA, Inc., due Aug 3, 2026 1.04%

Ares Capital Corp., due Aug 24, 2026 0.93%

Fidelity National Information Services, Inc., due Aug 4, 2026 0.91%

Ares Capital Corp., due Aug 11, 2026 0.90%

Enbridge, Inc., due Aug 27, 2026 0.88%

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On the same fields

TFLO

iShares Treasury Floating Rate Bond ETF

VNLA

Janus Henderson Short Duration Income ETF

Where it sits Bond ETF Bond ETF

Issuer iShares Janus Henderson

What it is Tracks an index Actively managed

Total return, 1 year +4.0% +3.6%

Its benchmark over the same days +4.0% (USFR) −1.9% (AGG)

Gap to its benchmark −0.1 pts vs USFR +5.5 pts vs AGG

Expense ratio 0.15% 0.23%

Holdings 8 336

Net assets, TFLO as of Oct 20, 2026 and VNLA as of Jul 31, 2026 $7.2bn $3.3bn

TFLO and VNLA 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 VNLA

VNLA is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.23% a year.

Questions people ask

Which returned more over the last year, TFLO or VNLA?: In the year to Oct 20, 2026, with distributions reinvested, TFLO returned +4.0% and VNLA +3.6%.
Which is cheaper, TFLO or VNLA?: TFLO 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

FLRN vs TFLO FLTR vs TFLO BSCQ vs TFLO IBDR vs TFLO FTSM vs VNLA VNLA vs VUSB BSCR vs VNLA FLOT vs VNLA

TFLO on its own →VNLA on its own →Hold both: look the portfolio through →Rankings →TFLO dividend history →TFLO holdings →VNLA dividend history →VNLA 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 ↗VNLA filings on SEC EDGAR ↗VNLA prospectus with the expense ratio (SEC) ↗Janus Henderson website ↗

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

Open data

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