BBIB vs. USFR

Last updated Jun 3, 2026

BBIB (JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both Government Bonds funds - BBIB tracks the ICE BofA US Treasury Bond (3-10 Y) while USFR tracks the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 3 years, BBIB returned 3.48%/yr vs 4.75%/yr for USFR. At a correlation of -0.04, they often move in opposite directions. BBIB charges 0.04%/yr vs 0.15%/yr for USFR.

Performance

BBIB vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BBIB) 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, BBIB achieves a -0.24% return, which is significantly lower than USFR's 1.58% return.

BBIB

• 1D: -0.04%
• 1M: -0.21%
• YTD: -0.24%
• 6M: -0.26%
• 1Y: 3.69%
• 3Y*: 3.48%
• 5Y*: —
• 10Y*: —

USFR

• 1D: 0.00%
• 1M: 0.29%
• YTD: 1.58%
• 6M: 1.96%
• 1Y: 3.99%
• 3Y*: 4.75%
• 5Y*: 3.67%
• 10Y*: 2.47%

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

BBIB vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BBIB JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF	-0.24%	7.44%	1.28%	1.34%
USFR WisdomTree Floating Rate Treasury Fund	1.58%	4.23%	5.47%	3.66%

Correlation

The correlation between BBIB and USFR is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	-0.05
Correlation (All Time) Calculated using the full available price history since Apr 21, 2023	-0.04

Return for Risk

BBIB vs. USFR — Risk / Return Rank

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

BBIB

BBIB Risk / Return Rank: 28
BBIB Sharpe Ratio Rank: 30
BBIB Sortino Ratio Rank: 31
BBIB Omega Ratio Rank: 27
BBIB Calmar Ratio Rank: 26
BBIB Martin Ratio Rank: 27

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.

BBIB vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BBIB) 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.

	BBIB	USFR	Difference
Sharpe ratio Return per unit of total volatility	1.09	14.83	-13.74
Sortino ratio Return per unit of downside risk	1.65	48.59	-46.94
Omega ratio Gain probability vs. loss probability	1.19	12.58	-11.39
Calmar ratio Return relative to maximum drawdown	1.25	203.63	-202.38
Martin ratio Return relative to average drawdown	3.78	767.72	-763.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBIB vs. USFR - Sharpe Ratio Comparison

The current BBIB Sharpe Ratio is 1.09, which is lower than the USFR Sharpe Ratio of 14.83. The chart below compares the historical Sharpe Ratios of BBIB 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

	BBIB	USFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	14.83	-13.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	9.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	3.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.66	1.60	-0.94

Drawdowns

BBIB vs. USFR - Drawdown Comparison

The maximum BBIB drawdown since its inception was -6.36%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for BBIB and USFR.

Drawdown Indicators

	BBIB	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-6.36%	-1.36%	-5.00%
Max Drawdown (1Y) Largest decline over 1 year	-2.80%	-0.02%	-2.78%
Max Drawdown (3Y) Largest decline over 3 years	-4.31%	-0.06%	-4.25%
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	-1.87%	0.00%	-1.87%
Average Drawdown Average peak-to-trough decline	-1.68%	-0.16%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	0.01%	+0.92%

Volatility

BBIB vs. USFR - Volatility Comparison

JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF (BBIB) has a higher volatility of 1.10% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that BBIB'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

	BBIB	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.10%	0.06%	+1.04%
Volatility (6M) Calculated over the trailing 6-month period	2.39%	0.18%	+2.21%
Volatility (1Y) Calculated over the trailing 1-year period	3.41%	0.27%	+3.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.75%	0.40%	+4.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.75%	0.81%	+3.94%

BBIB vs. USFR - Expense Ratio Comparison

BBIB has a 0.04% expense ratio, which is lower than USFR's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

BBIB vs. USFR - Dividend Comparison

BBIB's dividend yield for the trailing twelve months is around 3.91%, which matches USFR's 3.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BBIB JPMorgan BetaBuilders U.S. Treasury Bond 3-10 Year ETF	3.91%	3.95%	3.76%	2.69%	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 BBIB and USFR in my portfolio?

BBIB and USFR have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BBIB or USFR?

BBIB has higher volatility (1.10%) compared to USFR (0.06%). In terms of maximum drawdown, BBIB dropped -6.36% vs USFR's -1.36%.

Which ETF is better, BBIB or USFR?

On 3-year performance, USFR leads with 4.75% vs 3.48% for BBIB. On fees, BBIB is cheaper at 0.04% 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, BBIB or USFR?

Over the 3-year period, USFR has performed better with a 4.75% return vs 3.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BBIB or USFR?

BBIB is cheaper with a 0.04% expense ratio, compared with 0.15% for USFR.

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

BBIB and USFR have nearly identical dividend yields, around 3.91%.

What is the main difference between BBIB and USFR?

BBIB tracks ICE BofA US Treasury Bond (3-10 Y), while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: JPMorgan and WisdomTree. Their fees differ too: 0.04% for BBIB and 0.15% for USFR.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (14.83 vs 1.09), 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.