CCRV vs. USFR

Last updated Jun 9, 2026

CCRV (iShares Commodity Curve Carry Strategy ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. At a correlation of -0.05, they often move in opposite directions. CCRV charges 0.40%/yr vs 0.15%/yr for USFR.

Performance

CCRV vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Commodity Curve Carry Strategy ETF (CCRV) and WisdomTree Floating Rate Treasury Fund (USFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CCRV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USFR

• 1D: 0.00%
• 1M: 0.29%
• YTD: 1.66%
• 6M: 1.98%
• 1Y: 4.03%
• 3Y*: 4.74%
• 5Y*: 3.67%
• 10Y*: 2.41%

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

CCRV vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	5.47%	19.91%	33.78%	7.37%
USFR WisdomTree Floating Rate Treasury Fund	1.66%	4.23%	5.47%	5.18%	1.98%	-0.03%	-0.04%

Correlation

The correlation between CCRV and USFR is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020	-0.05

Return for Risk

CCRV vs. USFR — Risk / Return Rank

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

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.

CCRV vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Commodity Curve Carry Strategy ETF (CCRV) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CCRV	USFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	14.95	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	9.30	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	3.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.61	—

Drawdowns

Drawdown Indicators

	CCRV	USFR	Difference
Max Drawdown Largest peak-to-trough decline	—	-1.36%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.02%	—
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	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.16%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	CCRV	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.27%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.40%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.78%	—

CCRV vs. USFR - Expense Ratio Comparison

CCRV has a 0.40% expense ratio, which is higher than USFR's 0.15% expense ratio.

Dividends

CCRV vs. USFR - Dividend Comparison

CCRV has not paid dividends to shareholders, while USFR's dividend yield for the trailing twelve months is around 3.91%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%	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 CCRV and USFR in my portfolio?

CCRV and USFR have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CCRV or USFR?

On fees, USFR is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CCRV or USFR?

USFR is cheaper with a 0.15% expense ratio, compared with 0.40% for CCRV.

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

USFR has the higher dividend yield at 3.91%, compared with 0.00% for CCRV.

What is the main difference between CCRV and USFR?

CCRV is categorized as Commodities, while USFR is Government Bonds. CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.40% for CCRV and 0.15% for USFR.