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BILZvsTFLOETF Comparison

ETF 1

BILZ

PIMCO Ultra Short Government Active ETF

This fund is part of

Money Market Bonds

+0.03%

Full BILZ fund page

VS

ETF 2

TFLO

iShares Treasury Floating Rate Bond ETF

This fund is part of

US Government Bonds

+0.07%

Full TFLO fund page

PIMCO Ultra Short Government Active ETF (BILZ) belongs to the Money Market Bonds segment. iShares Treasury Floating Rate Bond ETF (TFLO) is part of the US Government Bonds segment. BILZ's top 1 sector exposures are Sovereign. In contrast, TFLO's top sector exposures are Sovereign and Non-Corporate. BILZ is less expensive with a Total Expense Ratio (TER) of 0.14%, versus 0.15% for TFLO. BILZ is up 2.85% year-to-date (YTD) with +$135M in YTD flows. TFLO performs better with 3.09% YTD performance, and +$703M in YTD flows. Run a side-by-side ETF comparison of BILZ and TFLO below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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BILZ vs TFLO performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	BILZ TFLO	+0.35%+0.34%	+0.93%+1.01%	+2.85%+3.09%	+3.71%+3.98%	+14.10%+14.38%	n/a+21.33%
Flows	BILZ TFLO	+$77M+$384M	-$18M+$627M	+$135M+$703M	+$125M+$597M	+$909M-$3.56B	-+$6.89B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	BILZ TFLO	+0.16%+0.15%	+0.15%+0.16%	+0.19%+0.20%	n/a+0.21%
Max drawdown	BILZ TFLO	n/an/a	n/an/a	n/an/a	n/a-0.03%
Max drawdown duration	BILZ TFLO	n/an/a	n/an/a	n/an/a	n/a27d

Trading data

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	BILZ	TFLO
Last sale 10/16/2026 at 1:30 PM	$100.81	$50.62
Previous close 10/15/2026	$100.76	$50.60
Consolidated volume 10/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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BILZ

is actively managed and doesn’t replicate an index

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	BILZ	TFLO
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/16/2026 at 1:30 PM

Live

Closed

	BILZ	TFLO
Last price	$100.81	$50.62
1D performance	+0.04%	+0.04%
AuM	$973.73 M	$7.18 B
E/R	0.14%	0.15%

Characteristics

	BILZ	TFLO
Management strategy	Active	Passive
Provider	PIMCO	iShares
Benchmark	-	Bloomberg U.S. Treasury Floating Rate Index
N° of holdings	3	9
Asset class	-	Bonds
Trailing 12m distribution yield	Join	Join
Inception date	June 22, 2023	February 3, 2014
ESG	No	No

More BILZ data on Trackinsight

More TFLO data on Trackinsight

Exposure

Countries

BILZ

USA

100%

TFLO

USA

99.68%

Other

0.32%

Sectors

BILZ

Sovereign

100%

TFLO

Sovereign

99.67%

Other

0.33%

Diversification

BILZ

Total weight of top 3 holdings out of 3

100%

TFLO

Total weight of top 9 holdings out of 9

99.68%

Top 15 holdings

Data as of August 31, 2026

BILZ

USA, Bills 0% 27oct2026, USD (119D)

41.81%

USA, Bills 0% 22sep2026, USD (119D)

40.23%

USA, Bills 0% 1dec2026, USD (119D)

17.96%

TFLO

USA, Notes FRN 30apr2028, USD (BB-2028)

14.42%

USA, Notes FRN 31oct2027, USD (BK-2027)

13.42%

USA, Notes FRN 31jan2028, USD (AX-2028)

12.97%

USA, Notes FRN 31oct2026, USD (BK-2026)

12.54%

USA, Notes FRN 30apr2027, USD (BB-2027)

12.46%

USA, Notes FRN 31jan2027, USD (AX-2027)

12.45%

USA, Notes FRN 31jul2027, USD (BF-2027)

12.13%

USA, Notes FRN 31jul2028, USD (BF-2028)

9.29%

BlackRock Cash Funds - Treasury

0.01%

Frequently asked questions about BILZ and TFLO

How have the BILZ and TFLO ETFs performed in 2026?

As of October 16, 2026, BILZ is up 2.85% year-to-date (YTD), while TFLO has returned 3.09%. That puts TFLO better performer ahead so far this year.

Which ETF is attracting more investor money: BILZ or TFLO?

Year-to-date, the BILZ ETF saw +$135M in flows, compared to +$703M for TFLO.

Which ETF is more volatile: BILZ or TFLO?

Over the past year, BILZ had a volatility of 0.15%, while TFLO experienced 0.16%.

Which ETF is bigger: BILZ or TFLO?

As of October 16, 2026, BILZ holds $973.73 M in assets under management (AUM), while TFLO manages $7.18 B.

What sectors do the BILZ and TFLO ETFs invest in?

BILZ leans toward sectors like Sovereign. Meanwhile, TFLO focuses on Sovereign.

What are the top holdings of the BILZ ETF and TFLO ETF?

BILZ top holdings include USA, Bills 0% 27oct2026, USD (119D), USA, Bills 0% 22sep2026, USD (119D) and USA, Bills 0% 1dec2026, USD (119D). TFLO holds in its top three: USA, Notes FRN 30apr2028, USD (BB-2028), USA, Notes FRN 31oct2027, USD (BK-2027) and USA, Notes FRN 31jan2028, USD (AX-2028).

Which ETF is more diversified: BILZ or TFLO?

BILZ has 3 securities and TFLO has 9 securities.

The New Interest Rate Regime of 2024: Which Fixed Income ETFs Stand to Benefit?

February 14, 2024

TFLO

Higher Interest Rates for Longer: The Case for Floating Rate Bond ETFs

October 13, 2023

TFLO

BILZvsTFLOETF Comparison

PIMCO Ultra Short Government Active ETF

iShares Treasury Floating Rate Bond ETF

BILZ vs TFLO performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the BILZ and TFLO ETFs performed in 2026?

As of October 16, 2026, BILZ is up 2.85% year-to-date (YTD), while TFLO has returned 3.09%. That puts TFLO better performer ahead so far this year.

Which ETF is attracting more investor money: BILZ or TFLO?

Year-to-date, the BILZ ETF saw +$135M in flows, compared to +$703M for TFLO.

Which ETF is more volatile: BILZ or TFLO?

Over the past year, BILZ had a volatility of 0.15%, while TFLO experienced 0.16%.

Which ETF is bigger: BILZ or TFLO?

As of October 16, 2026, BILZ holds $973.73 M in assets under management (AUM), while TFLO manages $7.18 B.

What sectors do the BILZ and TFLO ETFs invest in?

BILZ leans toward sectors like Sovereign. Meanwhile, TFLO focuses on Sovereign.

What are the top holdings of the BILZ ETF and TFLO ETF?

BILZ top holdings include USA, Bills 0% 27oct2026, USD (119D), USA, Bills 0% 22sep2026, USD (119D) and USA, Bills 0% 1dec2026, USD (119D). TFLO holds in its top three: USA, Notes FRN 30apr2028, USD (BB-2028), USA, Notes FRN 31oct2027, USD (BK-2027) and USA, Notes FRN 31jan2028, USD (AX-2028).

Which ETF is more diversified: BILZ or TFLO?

BILZ has 3 securities and TFLO has 9 securities.

The New Interest Rate Regime of 2024: Which Fixed Income ETFs Stand to Benefit?

Higher Interest Rates for Longer: The Case for Floating Rate Bond ETFs

ETFs’ Next Act: From Access to Selection