DES vs. USFR

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree U.S. SmallCap Dividend Fund (DES) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).

DES and USFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DES is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree SmallCap Dividend (TR). It was launched on Jun 16, 2006. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014. Both DES and USFR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DES vs. USFR - Performance Comparison

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

DES vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DES WisdomTree U.S. SmallCap Dividend Fund	8.16%	0.25%	9.93%	16.50%	-10.96%	26.51%	-4.26%	20.26%	-12.85%	8.64%
USFR WisdomTree Bloomberg Floating Rate Treasury Fund	0.93%	4.23%	5.47%	5.18%	1.98%	-0.03%	0.56%	2.02%	2.01%	1.03%

Returns By Period

In the year-to-date period, DES achieves a 8.16% return, which is significantly higher than USFR's 0.93% return. Over the past 10 years, DES has outperformed USFR with an annualized return of 7.73%, while USFR has yielded a comparatively lower 2.41% annualized return.

DES

• 1D: 0.39%
• 1M: -2.82%
• YTD: 8.16%
• 6M: 8.34%
• 1Y: 15.75%
• 3Y*: 11.21%
• 5Y*: 5.72%
• 10Y*: 7.73%

USFR

• 1D: 0.00%
• 1M: 0.29%
• YTD: 0.93%
• 6M: 2.00%
• 1Y: 4.10%
• 3Y*: 4.89%
• 5Y*: 3.52%
• 10Y*: 2.41%

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

DES vs. USFR - Expense Ratio Comparison

DES has a 0.38% expense ratio, which is higher than USFR's 0.15% expense ratio.

DES

WisdomTree U.S. SmallCap Dividend Fund

USFR

WisdomTree Bloomberg Floating Rate Treasury Fund

Return for Risk

DES vs. USFR — Risk / Return Rank

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

DES

DES Risk / Return Rank: 41
DES Sharpe Ratio Rank: 39
DES Sortino Ratio Rank: 42
DES Omega Ratio Rank: 38
DES Calmar Ratio Rank: 43
DES Martin Ratio Rank: 43

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.

DES vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Dividend Fund (DES) and WisdomTree Bloomberg 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.

	DES	USFR	Difference
Sharpe ratio Return per unit of total volatility	0.77	14.37	-13.60
Sortino ratio Return per unit of downside risk	1.22	42.77	-41.54
Omega ratio Gain probability vs. loss probability	1.16	10.64	-9.48
Calmar ratio Return relative to maximum drawdown	1.19	103.21	-102.02
Martin ratio Return relative to average drawdown	4.22	658.56	-654.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DES vs. USFR - Sharpe Ratio Comparison

The current DES Sharpe Ratio is 0.77, which is lower than the USFR Sharpe Ratio of 14.37. The chart below compares the historical Sharpe Ratios of DES and USFR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DES	USFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	14.37	-13.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	8.63	-8.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	3.00	-2.65
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	1.57	-1.27

Correlation

The correlation between DES and USFR is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

DES vs. USFR - Dividend Comparison

DES's dividend yield for the trailing twelve months is around 2.53%, less than USFR's 4.00% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DES WisdomTree U.S. SmallCap Dividend Fund	2.53%	2.85%	2.81%	2.65%	2.89%	2.31%	2.75%	2.68%	3.65%	2.89%	2.70%	3.09%
USFR WisdomTree Bloomberg Floating Rate Treasury Fund	4.00%	4.15%	5.17%	5.12%	1.78%	0.01%	0.40%	2.08%	1.67%	1.03%	0.29%	0.00%

Drawdowns

DES vs. USFR - Drawdown Comparison

The maximum DES drawdown since its inception was -65.48%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for DES and USFR.

Drawdown Indicators

	DES	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-65.48%	-1.36%	-64.12%
Max Drawdown (1Y) Largest decline over 1 year	-13.44%	-0.04%	-13.40%
Max Drawdown (5Y) Largest decline over 5 years	-25.16%	-0.18%	-24.98%
Max Drawdown (10Y) Largest decline over 10 years	-45.65%	-0.80%	-44.85%
Current Drawdown Current decline from peak	-4.03%	0.00%	-4.03%
Average Drawdown Average peak-to-trough decline	-9.76%	-0.16%	-9.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.80%	0.01%	+3.79%

Volatility

DES vs. USFR - Volatility Comparison

WisdomTree U.S. SmallCap Dividend Fund (DES) has a higher volatility of 4.89% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that DES'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

	DES	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	0.08%	+4.81%
Volatility (6M) Calculated over the trailing 6-month period	11.88%	0.19%	+11.69%
Volatility (1Y) Calculated over the trailing 1-year period	20.51%	0.29%	+20.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.66%	0.41%	+19.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.97%	0.81%	+21.16%