AVSE vs. USFR
AVSE (Avantis Responsible Emerging Markets Equity ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - AVSE is a Emerging Markets Diversified fund tracking the MSCI Emerging Markets Index, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 3 years, AVSE returned 26.82%/yr vs 4.72%/yr for USFR. At a correlation of -0.01, they often move in opposite directions. AVSE charges 0.33%/yr vs 0.15%/yr for USFR.
Performance
AVSE vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, AVSE achieves a 31.03% return, which is significantly higher than USFR's 1.78% return.
AVSE
- 1D
- 0.37%
- 1M
- 9.36%
- YTD
- 31.03%
- 6M
- 32.34%
- 1Y
- 54.39%
- 3Y*
- 26.82%
- 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%
AVSE vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
AVSE Avantis Responsible Emerging Markets Equity ETF | 31.03% | 32.54% | 8.29% | 16.01% | -14.43% |
USFR WisdomTree Floating Rate Treasury Fund | 1.78% | 4.23% | 5.47% | 5.18% | 1.82% |
Correlation
The correlation between AVSE 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 (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022 | -0.01 |
The correlation between AVSE and USFR shifts across timeframes, from -0.13 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AVSE vs. USFR — Risk / Return Rank
AVSE
USFR
AVSE vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Responsible Emerging Markets Equity ETF (AVSE) 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.
| AVSE | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.10 | ||
| Sortino ratioReturn per unit of downside risk | -46.60 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 13.24 | -11.77 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 200.29 | -196.43 |
| Martin ratioReturn relative to average drawdown | 14.81 | 775.73 | -760.92 |
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Drawdowns
AVSE vs. USFR - Drawdown Comparison
The maximum AVSE drawdown since its inception was -26.28%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for AVSE and USFR.
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Drawdown Indicators
| AVSE | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.28% | -1.36% | -24.92% |
Max Drawdown (1Y)Largest decline over 1 year | -14.17% | -0.02% | -14.15% |
Max Drawdown (3Y)Largest decline over 3 years | -17.68% | -0.06% | -17.62% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -0.15% | -6.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.68% | 0.01% | +3.67% |
Volatility
AVSE vs. USFR - Volatility Comparison
Avantis Responsible Emerging Markets Equity ETF (AVSE) has a higher volatility of 10.74% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that AVSE'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.
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Volatility by Period
| AVSE | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.74% | 0.08% | +10.66% |
Volatility (6M)Calculated over the trailing 6-month period | 19.14% | 0.19% | +18.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.45% | 0.27% | +21.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.50% | 0.40% | +18.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.50% | 0.78% | +17.72% |
AVSE vs. USFR - Expense Ratio Comparison
AVSE has a 0.33% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
AVSE vs. USFR - Dividend Comparison
AVSE's dividend yield for the trailing twelve months is around 2.66%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AVSE Avantis Responsible Emerging Markets Equity ETF | 2.66% | 2.68% | 3.03% | 3.20% | 1.27% | 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
AVSE 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.
AVSE has higher volatility (10.74%) compared to USFR (0.08%). In terms of maximum drawdown, AVSE dropped -26.28% vs USFR's -1.36%.
On 3-year performance, AVSE leads with 26.82% vs 4.72% for USFR. On fees, USFR is cheaper at 0.15% per year. 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.
Over the 3-year period, AVSE has performed better with a 26.82% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.33% for AVSE.
USFR has the higher dividend yield at 3.91%, compared with 2.66% for AVSE.
AVSE is categorized as Emerging Markets Diversified, while USFR is Government Bonds. AVSE tracks MSCI Emerging Markets Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: Avantis and WisdomTree. Their fees differ too: 0.33% for AVSE and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.65 vs 2.55), 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.
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