PAYMvsTFLOETF Comparison
ETF 1
PAYM
TrueShares S&P Autocallable Defensive Income ETF
This fund is part of
Options Strategies
-0.09%
VS
TrueShares S&P Autocallable Defensive Income ETF (PAYM) belongs to the Options Strategies segment. iShares Treasury Floating Rate Bond ETF (TFLO) is part of the US Government Bonds segment. Both ETFs have the same top 2 sector exposures: Sovereign and Non-Corporate. PAYM is more expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.15% for TFLO. PAYM is up 8.07% year-to-date (YTD) with +$137M in YTD flows. TFLO performs worse with 2.54% YTD performance, and +$182M in YTD flows. Run a side-by-side ETF comparison of PAYM 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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PAYM vs TFLO performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PAYM TFLO | +2.07%+0.32% | +1.80%+0.97% | +8.07%+2.54% | n/a+3.92% | n/a+14.56% | n/a+20.67% |
| Flows | PAYM TFLO | +$12M+$10M | +$29M+$61M | +$137M+$182M | --$50M | --$3.53B | -+$6.35B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PAYM TFLO | +10.07%+0.15% | n/a+0.16% | n/a+0.20% | n/a+0.21% |
| Max drawdown | PAYM TFLO | -3.04%n/a | n/an/a | n/an/a | n/a-0.03% |
| Max drawdown duration | PAYM TFLO | 19dn/a | n/an/a | n/an/a | n/a146d |
Trading data
PAYM | TFLO | |
Last sale 9/1/2026 at 1:30 PM | $25.13 | $50.51 |
| Previous close 08/31/2026 | $25.55 | $50.65 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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PAYM
is actively managed and doesn’t replicate an indexPAYM | TFLO | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
PAYM | TFLO | |
|---|---|---|
| Last price | $25.13 | $50.51 |
| 1D performance | -1.64% | -0.28% |
| AuM | $141.83 M | $6.67 B |
| E/R | 0.74% | 0.15% |
Characteristics
PAYM | TFLO | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | TrueShares | iShares |
| Benchmark | - | Bloomberg U.S. Treasury Floating Rate Index |
| N° of holdings | 3 | 10 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 29, 2025 | February 3, 2014 |
| ESG | No | No |
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Exposure
Countries
PAYM
USA
96.92%
Other
3.08%
TFLO
USA
106.95%
Other
-6.95%
Sectors
PAYM
Sovereign
95.62%
Other
4.38%
TFLO
Sovereign
106.91%
Other
-6.91%
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Diversification
PAYM
Total weight of top 3 holdings out of 3
96.92%
TFLO
Total weight of top 10 holdings out of 10
106.95%
Top 15 holdings
Data as of July 31, 2026
PAYM
USA, Bills 0% 11aug2026, USD (119D)
47.90%
USA, Bills 0% 17sep2026, USD (182D)
47.72%
State Street Institutional US Government Money Market Fund
1.29%
TFLO
USA, Notes FRN 30apr2028, USD (BB-2028)
14.50%
USA, Notes FRN 30apr2027, USD (BB-2027)
13.68%
USA, Notes FRN 31jan2027, USD (AX-2027)
13.59%
USA, Notes FRN 31oct2027, USD (BK-2027)
13.51%
USA, Notes FRN 31jan2028, USD (AX-2028)
13.05%
USA, Notes FRN 31jul2027, USD (BF-2027)
12.96%
USA, Notes FRN 31oct2026, USD (BK-2026)
12.96%
USA, Notes FRN 31jul2026, USD (BF-2026)
6.40%
USA, Notes FRN 31jul2028, USD (BF-2028)
6.27%
BlackRock Cash Funds - Treasury
0.04%
Frequently asked questions about PAYM and TFLO
How have the PAYM and TFLO ETFs performed in 2026?
As of August 31, 2026, PAYM is up 8.07% year-to-date (YTD), while TFLO has returned 2.54%. That puts PAYM better performer ahead so far this year.
Which ETF is attracting more investor money: PAYM or TFLO?
Year-to-date, the PAYM ETF saw +$137M in flows, compared to +$182M for TFLO.
Which ETF is bigger: PAYM or TFLO?
As of August 31, 2026, PAYM holds $141.83 M in assets under management (AUM), while TFLO manages $6.67 B.
What sectors do the PAYM and TFLO ETFs invest in?
PAYM leans toward sectors like Sovereign. Meanwhile, TFLO focuses on Sovereign.
What are the top holdings of the PAYM ETF and TFLO ETF?
PAYM top holdings include USA, Bills 0% 11aug2026, USD (119D), USA, Bills 0% 17sep2026, USD (182D) and State Street Institutional US Government Money Market Fund. TFLO holds in its top three: USA, Notes FRN 30apr2028, USD (BB-2028), USA, Notes FRN 30apr2027, USD (BB-2027) and USA, Notes FRN 31jan2027, USD (AX-2027).
Which ETF is more diversified: PAYM or TFLO?
PAYM has 3 securities and TFLO has 10 securities.
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Latest news about PAYM & TFLO
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
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