ACVT vs. USFR

Last updated Jun 4, 2026

ACVT (Advent Convertible Bond ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - ACVT is a Convertible Bonds fund actively managed by Advent, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. ACVT is actively managed, while USFR is passively managed. Over the past year, ACVT returned 10.73% vs 4.03% for USFR. At a correlation of -0.14, they often move in opposite directions. ACVT charges 0.65%/yr vs 0.15%/yr for USFR.

Performance

ACVT vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Advent Convertible Bond ETF (ACVT) and WisdomTree Floating Rate Treasury Fund (USFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ACVT achieves a 5.06% return, which is significantly higher than USFR's 1.60% return.

ACVT

• 1D: -0.88%
• 1M: 2.44%
• YTD: 5.06%
• 6M: 5.31%
• 1Y: 10.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USFR

• 1D: 0.02%
• 1M: 0.29%
• YTD: 1.60%
• 6M: 1.98%
• 1Y: 4.03%
• 3Y*: 4.76%
• 5Y*: 3.66%
• 10Y*: 2.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ACVT vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025
ACVT Advent Convertible Bond ETF	5.06%	8.11%
USFR WisdomTree Floating Rate Treasury Fund	1.60%	2.86%

Correlation

The correlation between ACVT and USFR is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.16
Correlation (All Time) Calculated using the full available price history since May 1, 2025	-0.14

Return for Risk

ACVT vs. USFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ACVT

ACVT Risk / Return Rank: 55
ACVT Sharpe Ratio Rank: 57
ACVT Sortino Ratio Rank: 62
ACVT Omega Ratio Rank: 59
ACVT Calmar Ratio Rank: 46
ACVT Martin Ratio Rank: 51

USFR

USFR Risk / Return Rank: 100
USFR Sharpe Ratio Rank: 100
USFR Sortino Ratio Rank: 100
USFR Omega Ratio Rank: 100
USFR Calmar Ratio Rank: 100
USFR Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ACVT vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Advent Convertible Bond ETF (ACVT) and WisdomTree Floating Rate Treasury Fund (USFR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ACVT	USFR	Difference
Sharpe ratio: Return per unit of total volatility	1.91	15.11	-13.20
Sortino ratio: Return per unit of downside risk	2.85	50.64	-47.79
Omega ratio: Gain probability vs. loss probability	1.36	13.43	-12.08
Calmar ratio: Return relative to maximum drawdown	2.24	203.42	-201.18
Martin ratio: Return relative to average drawdown	8.41	787.84	-779.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACVT vs. USFR - Sharpe Ratio Comparison

The current ACVT Sharpe Ratio is 1.91, which is lower than the USFR Sharpe Ratio of 15.11. The chart below compares the historical Sharpe Ratios of ACVT and USFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ACVT	USFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	15.11	-13.20
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	9.26	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	3.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	1.60	+0.57

Drawdowns

ACVT vs. USFR - Drawdown Comparison

The maximum ACVT drawdown since its inception was -4.81%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for ACVT and USFR.

Drawdown Indicators

	ACVT	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-4.81%	-1.36%	-3.45%
Max Drawdown (1Y) Largest decline over 1 year	-4.81%	-0.02%	-4.79%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.80%	—
Current Drawdown Current decline from peak	-1.09%	0.00%	-1.09%
Average Drawdown Average peak-to-trough decline	-0.79%	-0.16%	-0.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.28%	0.01%	+1.27%

Volatility

ACVT vs. USFR - Volatility Comparison

Advent Convertible Bond ETF (ACVT) has a higher volatility of 2.11% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that ACVT's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ACVT	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.11%	0.06%	+2.05%
Volatility (6M) Calculated over the trailing 6-month period	4.51%	0.18%	+4.33%
Volatility (1Y) Calculated over the trailing 1-year period	5.66%	0.27%	+5.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.73%	0.40%	+5.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.73%	0.81%	+4.92%

ACVT vs. USFR - Expense Ratio Comparison

ACVT has a 0.65% expense ratio, which is higher than USFR's 0.15% expense ratio.

Dividends

ACVT vs. USFR - Dividend Comparison

ACVT's dividend yield for the trailing twelve months is around 1.64%, less than USFR's 3.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ACVT Advent Convertible Bond ETF	1.64%	1.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USFR WisdomTree Floating Rate Treasury Fund	3.91%	4.15%	5.17%	5.12%	1.78%	0.01%	0.40%	2.08%	1.67%	1.03%	0.29%

Frequently Asked Questions

Can I hold both ACVT and USFR in my portfolio?

ACVT and USFR have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACVT or USFR?

ACVT has higher volatility (2.11%) compared to USFR (0.06%). In terms of maximum drawdown, ACVT dropped -4.81% vs USFR's -1.36%.

Which ETF is better, ACVT or USFR?

On 1-year performance, ACVT leads with 10.73% vs 4.03% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ACVT or USFR?

Over the 1-year period, ACVT has performed better with a 10.73% return vs 4.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ACVT or USFR?

USFR is cheaper with a 0.15% expense ratio, compared with 0.65% for ACVT.

Which ETF pays a higher dividend yield, ACVT or USFR?

USFR has the higher dividend yield at 3.91%, compared with 1.64% for ACVT.

What is the main difference between ACVT and USFR?

ACVT is categorized as Convertible Bonds, while USFR is Government Bonds. They also come from different issuers: Advent and WisdomTree. Their fees differ too: 0.65% for ACVT and 0.15% for USFR.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (15.11 vs 1.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.