AVLC vs. USFR

Last updated Jun 23, 2026

AVLC (Avantis U.S. Large Cap Equity ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - AVLC is a Large Cap Blend Equities fund actively managed by Avantis, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. AVLC is actively managed, while USFR is passively managed. Over the past year, AVLC returned 32.47% vs 3.97% for USFR. At a correlation of -0.06, they often move in opposite directions. Both charge a 0.15% expense ratio.

Performance

AVLC vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Large Cap Equity ETF (AVLC) 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, AVLC achieves a 14.73% return, which is significantly higher than USFR's 1.78% return.

AVLC

• 1D: 0.16%
• 1M: 1.90%
• YTD: 14.73%
• 6M: 13.91%
• 1Y: 32.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USFR

• 1D: 0.00%
• 1M: 0.29%
• YTD: 1.78%
• 6M: 1.89%
• 1Y: 3.97%
• 3Y*: 4.72%
• 5Y*: 3.70%
• 10Y*: 2.43%

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

AVLC vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVLC Avantis U.S. Large Cap Equity ETF	14.73%	17.57%	22.82%	11.76%
USFR WisdomTree Floating Rate Treasury Fund	1.78%	4.23%	5.47%	1.30%

Correlation

The correlation between AVLC and USFR is -0.13, 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	-0.13
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	-0.06

Return for Risk

AVLC vs. USFR — Risk / Return Rank

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

AVLC

AVLC Risk / Return Rank: 82
AVLC Sharpe Ratio Rank: 82
AVLC Sortino Ratio Rank: 79
AVLC Omega Ratio Rank: 79
AVLC Calmar Ratio Rank: 81
AVLC Martin Ratio Rank: 88

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.

AVLC vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Large Cap Equity ETF (AVLC) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AVLC	USFR	Difference
Sharpe ratio: Return per unit of total volatility	2.51	14.65	-12.14
Sortino ratio: Return per unit of downside risk	3.34	49.88	-46.54
Omega ratio: Gain probability vs. loss probability	1.45	13.24	-11.80
Calmar ratio: Return relative to maximum drawdown	4.08	200.29	-196.21
Martin ratio: Return relative to average drawdown	18.27	775.73	-757.46

AVLC vs. USFR - Sharpe Ratio Comparison

The current AVLC Sharpe Ratio is 2.51, which is lower than the USFR Sharpe Ratio of 14.65. The chart below compares the historical Sharpe Ratios of AVLC 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.

Drawdowns

AVLC vs. USFR - Drawdown Comparison

The maximum AVLC drawdown since its inception was -19.64%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for AVLC and USFR.

Drawdown Indicators

	AVLC	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-19.64%	-1.36%	-18.28%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-0.02%	-7.98%
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	-0.50%	0.00%	-0.50%
Average Drawdown Average peak-to-trough decline	-1.97%	-0.15%	-1.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.78%	0.01%	+1.77%

Volatility

AVLC vs. USFR - Volatility Comparison

Avantis U.S. Large Cap Equity ETF (AVLC) has a higher volatility of 4.86% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that AVLC'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

	AVLC	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	0.08%	+4.78%
Volatility (6M) Calculated over the trailing 6-month period	10.12%	0.19%	+9.93%
Volatility (1Y) Calculated over the trailing 1-year period	13.03%	0.27%	+12.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.79%	0.40%	+15.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	0.78%	+15.01%

AVLC vs. USFR - Expense Ratio Comparison

Both AVLC and USFR have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

AVLC vs. USFR - Dividend Comparison

AVLC's dividend yield for the trailing twelve months is around 1.03%, less than USFR's 3.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AVLC Avantis U.S. Large Cap Equity ETF	1.03%	0.92%	1.09%	0.38%	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 AVLC and USFR in my portfolio?

AVLC and USFR have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVLC or USFR?

AVLC has higher volatility (4.86%) compared to USFR (0.08%). In terms of maximum drawdown, AVLC dropped -19.64% vs USFR's -1.36%.

Which ETF is better, AVLC or USFR?

On 1-year performance, AVLC leads with 32.47% vs 3.97% for USFR. Both ETFs have the same 0.15% expense ratio. On volatility, USFR has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVLC or USFR?

Over the 1-year period, AVLC has performed better with a 32.47% return vs 3.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVLC or USFR?

AVLC and USFR have the same expense ratio: 0.15% per year.

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

USFR has the higher dividend yield at 3.91%, compared with 1.03% for AVLC.

What is the main difference between AVLC and USFR?

AVLC is categorized as Large Cap Blend Equities, while USFR is Government Bonds. They also come from different issuers: Avantis and WisdomTree.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (14.65 vs 2.51), 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.