BKSE vs. USFR
BKSE (BNY Mellon US Small Cap Core Equity ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - BKSE is a Small Cap Growth Equities fund tracking the Morningstar US Small Cap 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 5 years, BKSE returned 7.71%/yr vs 3.70%/yr for USFR. At a correlation of -0.02, they often move in opposite directions. BKSE charges 0.04%/yr vs 0.15%/yr for USFR.
Performance
BKSE vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, BKSE achieves a 16.40% return, which is significantly higher than USFR's 1.78% return.
BKSE
- 1D
- 0.13%
- 1M
- 3.82%
- YTD
- 16.40%
- 6M
- 13.52%
- 1Y
- 36.43%
- 3Y*
- 18.55%
- 5Y*
- 7.71%
- 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%
BKSE vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKSE BNY Mellon US Small Cap Core Equity ETF | 16.40% | 13.09% | 9.56% | 22.37% | -18.44% | 16.18% | 53.89% |
USFR WisdomTree Floating Rate Treasury Fund | 1.78% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | -0.00% |
Correlation
The correlation between BKSE and USFR is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2020 | -0.02 |
The correlation between BKSE and USFR shifts across timeframes, from -0.17 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BKSE vs. USFR — Risk / Return Rank
BKSE
USFR
BKSE vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon US Small Cap Core Equity ETF (BKSE) 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.
| BKSE | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.59 | ||
| Sortino ratioReturn per unit of downside risk | -46.93 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 13.24 | -11.90 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 200.29 | -196.40 |
| Martin ratioReturn relative to average drawdown | 13.62 | 775.73 | -762.11 |
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Drawdowns
BKSE vs. USFR - Drawdown Comparison
The maximum BKSE drawdown since its inception was -29.08%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for BKSE and USFR.
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Drawdown Indicators
| BKSE | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.08% | -1.36% | -27.72% |
Max Drawdown (1Y)Largest decline over 1 year | -9.40% | -0.02% | -9.38% |
Max Drawdown (3Y)Largest decline over 3 years | -26.76% | -0.06% | -26.70% |
Max Drawdown (5Y)Largest decline over 5 years | -29.08% | -0.18% | -28.90% |
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 | -9.00% | -0.15% | -8.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 0.01% | +2.67% |
Volatility
BKSE vs. USFR - Volatility Comparison
BNY Mellon US Small Cap Core Equity ETF (BKSE) has a higher volatility of 4.68% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that BKSE'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
| BKSE | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.68% | 0.08% | +4.60% |
Volatility (6M)Calculated over the trailing 6-month period | 12.30% | 0.19% | +12.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.80% | 0.27% | +17.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.46% | 0.40% | +21.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.27% | 0.78% | +21.49% |
BKSE vs. USFR - Expense Ratio Comparison
BKSE 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
BKSE vs. USFR - Dividend Comparison
BKSE's dividend yield for the trailing twelve months is around 1.13%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BKSE BNY Mellon US Small Cap Core Equity ETF | 1.13% | 1.26% | 1.55% | 1.38% | 1.50% | 1.17% | 0.82% | 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
BKSE and USFR have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKSE has higher volatility (4.68%) compared to USFR (0.08%). In terms of maximum drawdown, BKSE dropped -29.08% vs USFR's -1.36%.
On 5-year performance, BKSE leads with 7.71% vs 3.70% for USFR. On fees, BKSE is cheaper at 0.04% 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 5-year period, BKSE has performed better with a 7.71% return vs 3.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKSE is cheaper with a 0.04% expense ratio, compared with 0.15% for USFR.
USFR has the higher dividend yield at 3.91%, compared with 1.13% for BKSE.
BKSE is categorized as Small Cap Growth Equities, while USFR is Government Bonds. BKSE tracks Morningstar US Small Cap Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: BNY Mellon and WisdomTree. Their fees differ too: 0.04% for BKSE and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.65 vs 2.06), 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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