DFE vs. USFR
DFE (WisdomTree Europe SmallCap Dividend Fund) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - DFE is a Europe Equities fund tracking the WisdomTree Europe SmallCap Dividend 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 10 years, DFE returned 6.78%/yr vs 2.47%/yr for USFR. At a correlation of -0.00, they often move in opposite directions. DFE charges 0.58%/yr vs 0.15%/yr for USFR.
Performance
DFE vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, DFE achieves a 5.19% return, which is significantly higher than USFR's 1.60% return. Over the past 10 years, DFE has outperformed USFR with an annualized return of 6.78%, while USFR has yielded a comparatively lower 2.47% annualized return.
DFE
- 1D
- -1.08%
- 1M
- 1.12%
- YTD
- 5.19%
- 6M
- 8.60%
- 1Y
- 14.01%
- 3Y*
- 14.44%
- 5Y*
- 4.05%
- 10Y*
- 6.78%
USFR
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.60%
- 6M
- 1.98%
- 1Y
- 4.03%
- 3Y*
- 4.76%
- 5Y*
- 3.66%
- 10Y*
- 2.47%
DFE vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFE WisdomTree Europe SmallCap Dividend Fund | 5.19% | 32.85% | -0.61% | 14.94% | -22.15% | 18.44% | 2.15% | 27.15% | -21.23% | 32.71% |
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between DFE and USFR is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014 | -0.00 |
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Return for Risk
DFE vs. USFR — Risk / Return Rank
DFE
USFR
DFE vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe SmallCap Dividend Fund (DFE) 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.
| DFE | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.15 | ||
| Sortino ratioReturn per unit of downside risk | -49.21 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 13.43 | -12.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 203.42 | -202.19 |
| Martin ratioReturn relative to average drawdown | 4.24 | 787.84 | -783.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DFE | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 15.11 | -14.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 9.26 | -9.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 3.07 | -2.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 1.60 | -1.31 |
Drawdowns
DFE vs. USFR - Drawdown Comparison
The maximum DFE drawdown since its inception was -69.38%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for DFE and USFR.
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Drawdown Indicators
| DFE | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -1.36% | -68.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.41% | -0.02% | -11.39% |
Max Drawdown (3Y)Largest decline over 3 years | -16.41% | -0.06% | -16.35% |
Max Drawdown (5Y)Largest decline over 5 years | -40.34% | -0.18% | -40.16% |
Max Drawdown (10Y)Largest decline over 10 years | -49.66% | -0.80% | -48.86% |
Current DrawdownCurrent decline from peak | -3.11% | 0.00% | -3.11% |
Average DrawdownAverage peak-to-trough decline | -17.73% | -0.16% | -17.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.31% | 0.01% | +3.30% |
Volatility
DFE vs. USFR - Volatility Comparison
WisdomTree Europe SmallCap Dividend Fund (DFE) has a higher volatility of 5.06% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that DFE'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
| DFE | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.06% | 0.06% | +5.00% |
Volatility (6M)Calculated over the trailing 6-month period | 11.98% | 0.18% | +11.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 0.27% | +14.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.01% | 0.40% | +18.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 0.81% | +18.96% |
DFE vs. USFR - Expense Ratio Comparison
DFE has a 0.58% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
DFE vs. USFR - Dividend Comparison
DFE's dividend yield for the trailing twelve months is around 3.89%, which matches USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFE WisdomTree Europe SmallCap Dividend Fund | 3.89% | 4.38% | 4.93% | 4.97% | 5.84% | 2.56% | 2.43% | 3.39% | 4.97% | 2.53% | 4.05% | 2.78% |
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% | 0.00% |
Frequently Asked Questions
DFE and USFR have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFE has higher volatility (5.06%) compared to USFR (0.06%). In terms of maximum drawdown, DFE dropped -69.38% vs USFR's -1.36%.
On 10-year performance, DFE leads with 6.78% vs 2.47% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DFE has performed better with a 6.78% return vs 2.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.58% for DFE.
USFR has the higher dividend yield at 3.91%, compared with 3.89% for DFE.
DFE is categorized as Europe Equities, while USFR is Government Bonds. DFE tracks WisdomTree Europe SmallCap Dividend Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. Their fees differ too: 0.58% for DFE and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.11 vs 0.96), 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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