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PVI vs TFLO

Invesco Floating Rate Municipal Income ETF vs iShares Treasury Floating Rate Bond ETF

PVI

Invesco Floating Rate Municipal Income ETF

Invesco

Annual cost

0.25%

Fund size

$31M

TFLO

iShares Treasury Floating Rate Bond ETF

iShares

Annual cost

0.15%

Fund size

$6.7B

Key differences

  • TFLO costs 0.10% less per year.
  • TFLO is significantly larger than PVI — larger funds tend to be more liquid and less likely to close.
  • Over the last 3 years, TFLO has delivered higher annualized returns.
  • PVI has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

PVITFLO
Annual cost (TER)0.25%0.15%
Fund size (AUM)$31M$6.7B
Since20072014
Dividend yield2.16%3.99%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+2.3%+4.1%
CAGR 3Y+2.7%+4.8%
CAGR 5Y+1.9%+3.6%
Sharpe 3Y-0.343.59
Volatility 1Y2.61%0.29%
Max drawdown-1.16%-0.16%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to PVI and TFLO