A
vs
B
Share
Compare their flowsAsk IQ about these two funds

TFLO vs VRIG: Differences, Returns & Fees

On Jul 31, 2026 TFLO's duration was 0.0 years and VRIG's 0.3; TFLO charges 0.15% to VRIG's 0.30%. Net assets on Oct 20, 2026: $7.2bn for iShares Treasury Floating Rate Bond ETF and $1.9bn for Invesco Variable Rate Investment Grade ETF.

Ask IQ about this page

Ask IQ about TFLO and VRIG

Answers cite the figures on this page.

TFLO costs 0.15 points a year less; their one-year returns differ by 0.3 points; TFLO is 3.7 times larger.

TFLO vs VRIG: Differences, Returns & Fees
TFLOVRIG
Expense ratio0.15%0.30%
Net assets$7.2bn$1.9bn
Total return, 1 year+4.0%+4.3%
What it tracksBloomberg U.S. Treasury Floating Rate IndexNo index, actively managed
Holdings in common17%

Holdings in common uses holdings dated Jul 31, 2026.

+4.0%
TFLO total return, 1 year
+4.3%
VRIG total return, 1 year
0.15%
TFLO expense ratio
0.30%
VRIG expense ratio

Get TFLO and VRIG fund flows by email, every Monday.

Plus the Friday ETF note. Confirm from the link that arrives, and unsubscribe in one click. See Privacy.

Client brief · page 1 of 2Report BR-EE8A49E1B9

TFLO and VRIG 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 VRIG follows No index, actively managed.
  2. Holdings in common. 17% of the weight is in the same securities (holdings dated Jul 31, 2026).
  3. Number of holdings. TFLO holds 8 positions and VRIG holds 363.

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.

Take this comparison to a client

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.

What they hold in common

By the books each fund has filed, TFLO and VRIG hold 17% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

half

17% in common

Positions both hold, largest shared weight first
Holding TFLO VRIG
U.S. Treasury Floating Rate Notes, due Apr 30, 2028 14.37% 7.44%
U.S. Treasury Floating Rate Notes, due Oct 31, 2027 13.37% 3.77%
U.S. Treasury Floating Rate Notes, due Apr 30, 2027 13.54% 2.29%
U.S. Treasury Floating Rate Notes, due Jul 31, 2027 12.84% 2.18%
U.S. Treasury Floating Rate Notes, due Jan 31, 2028 12.93% 0.92%
U.S. Treasury Floating Rate Notes, due Jan 31, 2027 13.45% 0.58%
Only in TFLO
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 VRIG
Fannie Mae Connecticut Avenue Securities, Series 2022-R06, Class 1M2, due May 25, 2042 0.86%
Freddie Mac, Series 2022-DNA2, Class M2, due Feb 25, 2042 0.76%
Freddie Mac REMICs, due Feb 25, 2056 0.72%
Fannie Mae Connecticut Avenue Securities, Series 2022-R02, Class 2M2, due Jan 25, 2042 0.71%
OBX 2026-HE2 Trust, Series 2026-HE2, Class A1A, due Jun 25, 2056 0.68%
Fannie Mae Connecticut Avenue Securities, Series 2022-R03, Class 1M2, due Mar 25, 2042 0.65%
Fannie Mae Connecticut Avenue Securities, Series 2025-R03, Class 2M2, due Mar 25, 2045 0.63%
Freddie Mac, Series 2023-DNA1, Class M1, due Mar 25, 2043 0.63%

Check overlap with more funds →

On the same fields

TFLO
iShares Treasury Floating Rate Bond ETF
VRIG
Invesco Variable Rate Investment Grade ETF
Where it sits Bond ETF Bond ETF
Issuer iShares Invesco
What it is Tracks an index Actively managed
Total return, 1 year +4.0% +4.3%
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% 0.30%
Holdings 8 363
Net assets $7.2bn $1.9bn

TFLO and VRIG 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 VRIG

VRIG is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +4.3% with distributions reinvested. The prospectus expense ratio is 0.30% a year.

Questions people ask

Which returned more over the last year, TFLO or VRIG?
In the year to Oct 20, 2026, with distributions reinvested, TFLO returned +4.0% and VRIG +4.3%.
Which is cheaper, TFLO or VRIG?
TFLO is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
TFLO vs XHLFIBTG vs TFLOGSST vs TFLODUSB vs TFLOBSCR vs VRIGGSY vs VRIGBILS vs VRIGFLTR vs VRIG
TFLO on its own →VRIG on its own →Hold both: look the portfolio through →Rankings →TFLO dividend history →TFLO holdings →VRIG dividend history →VRIG 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 ↗VRIG filings on SEC EDGAR ↗VRIG prospectus with the expense ratio (SEC) ↗Invesco page for VRIG ↗

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 VRIG, data as of Oct 20, 2026. https://etfiq.com/compare/any/tflo-vs-vrig

Open data

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