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TFLOvsBILZETF Comparison

ETF 1

TFLO

iShares Treasury Floating Rate Bond ETF

This fund is part of

US Government Bonds

-0.18%

Full TFLO fund page

VS

ETF 2

BILZ

PIMCO Ultra Short Government Active ETF

This fund is part of

Money Market Bonds

+0.02%

Full BILZ fund page

iShares Treasury Floating Rate Bond ETF (TFLO) belongs to the US Government Bonds segment. PIMCO Ultra Short Government Active ETF (BILZ) is part of the Money Market Bonds segment. TFLO's top 2 sector exposures are Sovereign and Non-Corporate. In contrast, BILZ's top sector exposures are Sovereign. TFLO is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.14% for BILZ. TFLO is up 3.16% year-to-date (YTD) with +$759M in YTD flows. BILZ performs worse with 2.94% YTD performance, and +$113M in YTD flows. Run a side-by-side ETF comparison of TFLO and BILZ 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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TFLO vs BILZ 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 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	TFLO BILZ	+0.34%+0.37%	+1.01%+0.97%	+3.16%+2.94%	+3.98%+3.71%	+14.34%+14.07%	+21.42%n/a
Flows	TFLO BILZ	+$273M+$85M	+$688M-$48M	+$759M+$113M	+$688M+$56M	-$3.48B+$870M	+$6.94B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	TFLO BILZ	+0.15%+0.16%	+0.16%+0.15%	+0.20%+0.19%	+0.21%n/a
Max drawdown	TFLO BILZ	n/an/a	n/an/a	n/an/a	-0.03%n/a
Max drawdown duration	TFLO BILZ	n/an/a	n/an/a	n/an/a	27dn/a

Trading data

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	TFLO	BILZ
Last sale 10/23/2026 at 1:30 PM	$50.65	$100.89
Previous close 10/22/2026	$50.64	$100.86
Consolidated volume 10/22/2026
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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	TFLO	BILZ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/23/2026 at 1:30 PM

Live

Closed

	TFLO	BILZ
Last price	$50.65	$100.89
1D performance	+0.02%	+0.03%
AuM	$7.24 B	$952.37 M
E/R	0.15%	0.14%

Characteristics

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

More TFLO data on Trackinsight

More BILZ data on Trackinsight

Exposure

Countries

TFLO

USA

99.68%

Other

0.32%

BILZ

USA

100%

Sectors

TFLO

Sovereign

99.67%

Other

0.33%

BILZ

Sovereign

100%

Diversification

TFLO

Total weight of top 9 holdings out of 9

99.68%

BILZ

Total weight of top 3 holdings out of 3

100%

Top 15 holdings

Data as of August 31, 2026

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%

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%

Frequently asked questions about TFLO and BILZ

How have the TFLO and BILZ ETFs performed in 2026?

As of October 23, 2026, TFLO is up 3.16% year-to-date (YTD), while BILZ has returned 2.94%. That puts TFLO better performer ahead so far this year.

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

Year-to-date, the TFLO ETF saw +$759M in flows, compared to +$113M for BILZ.

Which ETF is more volatile: TFLO or BILZ?

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

Which ETF is bigger: TFLO or BILZ?

As of October 23, 2026, TFLO holds $7.24 B in assets under management (AUM), while BILZ manages $952.37 M.

What sectors do the TFLO and BILZ ETFs invest in?

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

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

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

Which ETF is more diversified: TFLO or BILZ?

TFLO has 9 securities and BILZ has 3 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

TFLOvsBILZETF Comparison

iShares Treasury Floating Rate Bond ETF

PIMCO Ultra Short Government Active ETF

TFLO vs BILZ 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 TFLO and BILZ ETFs performed in 2026?

As of October 23, 2026, TFLO is up 3.16% year-to-date (YTD), while BILZ has returned 2.94%. That puts TFLO better performer ahead so far this year.

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

Year-to-date, the TFLO ETF saw +$759M in flows, compared to +$113M for BILZ.

Which ETF is more volatile: TFLO or BILZ?

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

Which ETF is bigger: TFLO or BILZ?

As of October 23, 2026, TFLO holds $7.24 B in assets under management (AUM), while BILZ manages $952.37 M.

What sectors do the TFLO and BILZ ETFs invest in?

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

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

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

Which ETF is more diversified: TFLO or BILZ?

TFLO has 9 securities and BILZ has 3 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