TFLR vs VETZ
T. Rowe Price Floating Rate ETF vs Academy Veteran Bond ETF
Which is better, TFLR or VETZ?
TFLR has been ahead.
VETZ has a lower expense ratio. TFLR led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | TFLR | VETZ |
|---|---|---|
| Expense Ratio | 0.61% | 0.35%Best |
| AUM | $861M | $129M |
| Dividend Yield | 6.55% | 6.27% |
| Holdings | 347 | 155 |
| YTD Return | +2.64%Best | -2.05% |
| 1Y Return | +4.60%Best | -0.63% |
| 3Y Return (annualized) | +7.21%Best | +4.86% |
| Volatility (annualized) | 2.3%Best | 5.7% |
| Max Drawdown | -4.0%Best | -5.2% |
| $10,000 over 3.2 years | $12,395Best | $11,229 |
| Fund Family | T.Rowe Price | Academy Asset Management |
| Category | Fixed Income | Fixed Income |
| Style | Bank Loan | Bank Loan |
| Inception | Nov 16, 2022 | Aug 1, 2023 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.2 years row, are measured over the window both funds cover: Aug 2, 2023 to Oct 14, 2026 (3.2 years).
TFLR vs VETZ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.2 years both funds cover.
TFLR vs VETZ Performance
T. Rowe Price Floating Rate ETF (TFLR) is an ETF from T.Rowe Price and Academy Veteran Bond ETF (VETZ) is an ETF from Academy Asset Management. Over the past year TFLR returned +4.60% while VETZ returned -0.63%. Year to date, TFLR is up 2.64% versus a loss of 2.05% for VETZ.
Over three years, TFLR compounded at +7.21% per year against +4.86% for VETZ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VETZ has been the more volatile fund, with annualized monthly volatility of 5.7% compared with 2.3% for TFLR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.0% for TFLR and -5.2% for VETZ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.29. They move largely independently of each other.
Fees and Cost Over Time
TFLR charges 0.61% per year while VETZ charges 0.35%. On a $10,000 position that is $61 vs $35 annually, a gap of $26 per year that compounds over a long holding period. On income, TFLR currently yields 6.55% against 6.27% for VETZ.
Holdings Overlap
We hold position weights for 150 holdings in TFLR and 9 in VETZ, totalling 41.0% and 14.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 150 positions we hold weights for in TFLR and 9 in VETZ, against full books of 347 and 155.
You are not choosing between two funds in isolation.
Whichever of TFLR and VETZ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, TFLR or VETZ?
TFLR has an expense ratio of 0.61% while VETZ charges 0.35%. VETZ is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, TFLR or VETZ?
Over the past year TFLR returned +4.60% vs -0.63% for VETZ, so TFLR leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, TFLR or VETZ?
VETZ has been the more volatile fund at 5.7% annualized versus 2.3% for TFLR. Worst drawdown: TFLR -4.0% vs VETZ -5.2%.
Should I hold both TFLR and VETZ?
TFLR and VETZ have a monthly-return correlation of 0.29, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, TFLR or VETZ?
TFLR yields 6.55% while VETZ yields 6.27%, so TFLR currently pays the higher dividend yield.
Is VETZ better than TFLR?
VETZ has a lower expense ratio. TFLR led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.