CVMC vs. USFR
CVMC (Calvert US Mid-Cap Core Responsible Index ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - CVMC is a Mid Cap Blend Equities fund tracking the Russell Midcap 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, CVMC returned 16.39%/yr vs 4.74%/yr for USFR. At a correlation of -0.03, they often move in opposite directions. Both charge a 0.15% expense ratio.
Performance
CVMC vs. USFR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CVMC achieves a 16.76% return, which is significantly higher than USFR's 1.82% return.
CVMC
- 1D
- -0.33%
- 1M
- 4.42%
- YTD
- 16.76%
- 6M
- 15.31%
- 1Y
- 26.59%
- 3Y*
- 16.39%
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 1.92%
- 1Y
- 3.99%
- 3Y*
- 4.74%
- 5Y*
- 3.71%
- 10Y*
- 2.43%
CVMC vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CVMC Calvert US Mid-Cap Core Responsible Index ETF | 16.76% | 9.52% | 12.57% | 6.14% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 5.47% | 4.77% |
Correlation
The correlation between CVMC and USFR is -0.16, 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 | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2023 | -0.03 |
The correlation between CVMC and USFR shifts across timeframes, from -0.16 (1 year) to -0.03 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CVMC vs. USFR — Risk / Return Rank
CVMC
USFR
CVMC vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert US Mid-Cap Core Responsible Index ETF (CVMC) 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.
| CVMC | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.82 | ||
| Sortino ratioReturn per unit of downside risk | -47.43 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 13.31 | -11.98 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 201.33 | -198.48 |
| Martin ratioReturn relative to average drawdown | 11.43 | 779.76 | -768.33 |
Loading charts...
Drawdowns
CVMC vs. USFR - Drawdown Comparison
The maximum CVMC drawdown since its inception was -22.53%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for CVMC and USFR.
Loading charts...
Drawdown Indicators
| CVMC | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.53% | -1.36% | -21.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -0.02% | -9.33% |
Max Drawdown (3Y)Largest decline over 3 years | -22.53% | -0.06% | -22.47% |
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 | -0.81% | 0.00% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -4.13% | -0.15% | -3.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 0.01% | +2.32% |
Volatility
CVMC vs. USFR - Volatility Comparison
Calvert US Mid-Cap Core Responsible Index ETF (CVMC) has a higher volatility of 5.04% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that CVMC'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.
Loading charts...
Volatility by Period
| CVMC | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.04% | 0.09% | +4.95% |
Volatility (6M)Calculated over the trailing 6-month period | 11.15% | 0.19% | +10.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.46% | 0.27% | +14.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 0.40% | +16.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 0.78% | +15.76% |
CVMC vs. USFR - Expense Ratio Comparison
Both CVMC 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
CVMC vs. USFR - Dividend Comparison
CVMC's dividend yield for the trailing twelve months is around 1.20%, less than USFR's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CVMC Calvert US Mid-Cap Core Responsible Index ETF | 1.20% | 1.39% | 1.21% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Floating Rate Treasury Fund | 3.90% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
CVMC and USFR have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVMC has higher volatility (5.04%) compared to USFR (0.09%). In terms of maximum drawdown, CVMC dropped -22.53% vs USFR's -1.36%.
On 3-year performance, CVMC leads with 16.39% vs 4.74% for USFR. Both ETFs have the same 0.15% expense ratio. On volatility, USFR has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CVMC has performed better with a 16.39% return vs 4.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CVMC and USFR have the same expense ratio: 0.15% per year.
USFR has the higher dividend yield at 3.90%, compared with 1.20% for CVMC.
CVMC is categorized as Mid Cap Blend Equities, while USFR is Government Bonds. CVMC tracks Russell Midcap Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: Calvert and WisdomTree.
USFR currently has the higher Sharpe Ratio (14.67 vs 1.85), 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.
Find the right allocation for CVMC and USFR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer