CMBO vs. USFR

Last updated Jun 26, 2026

CMBO (Wayfinder Dynamic U.S. Interest Rate ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - CMBO is a Ultrashort Bond fund actively managed by Wayfinder, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. CMBO is actively managed, while USFR is passively managed. At a 0.18 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.

Performance

CMBO vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wayfinder Dynamic U.S. Interest Rate ETF (CMBO) and WisdomTree Floating Rate Treasury Fund (USFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with CMBO having a 1.82% return and USFR slightly higher at 1.84%.

CMBO

• 1D: 0.00%
• 1M: 0.30%
• YTD: 1.82%
• 6M: 1.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USFR

• 1D: 0.02%
• 1M: 0.32%
• YTD: 1.84%
• 6M: 1.94%
• 1Y: 4.00%
• 3Y*: 4.74%
• 5Y*: 3.72%
• 10Y*: 2.47%

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

CMBO vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025
CMBO Wayfinder Dynamic U.S. Interest Rate ETF	1.82%	0.55%
USFR WisdomTree Floating Rate Treasury Fund	1.84%	0.70%

Correlation

The correlation between CMBO and USFR is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025	0.18

Return for Risk

CMBO vs. USFR — Risk / Return Rank

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

CMBO

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

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.

CMBO vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wayfinder Dynamic U.S. Interest Rate ETF (CMBO) 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.

	CMBO	USFR	Difference
Sharpe ratio: Return per unit of total volatility	—	14.69	—
Sortino ratio: Return per unit of downside risk	—	50.21	—
Omega ratio: Gain probability vs. loss probability	—	13.33	—
Calmar ratio: Return relative to maximum drawdown	—	201.67	—
Martin ratio: Return relative to average drawdown	—	781.05	—

Drawdowns

CMBO vs. USFR - Drawdown Comparison

The maximum CMBO drawdown since its inception was -0.22%, smaller than the maximum USFR drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for CMBO and USFR.

Drawdown Indicators

	CMBO	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-0.22%	-1.36%	+1.14%
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%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.01%	-0.15%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	CMBO	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.09%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.37%	0.27%	+0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.37%	0.39%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.37%	0.78%	-0.41%

CMBO vs. USFR - Expense Ratio Comparison

Both CMBO 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

CMBO vs. USFR - Dividend Comparison

CMBO has not paid dividends to shareholders, while USFR's dividend yield for the trailing twelve months is around 3.84%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CMBO Wayfinder Dynamic U.S. Interest Rate ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USFR WisdomTree Floating Rate Treasury Fund	3.84%	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 CMBO and USFR in my portfolio?

CMBO and USFR have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CMBO or USFR?

Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CMBO or USFR?

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

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

USFR has the higher dividend yield at 3.84%, compared with 0.00% for CMBO.

What is the main difference between CMBO and USFR?

CMBO is categorized as Ultrashort Bond, while USFR is Government Bonds. They also come from different issuers: Wayfinder and WisdomTree.