DON vs. USFR
DON (WisdomTree US MidCap Dividend ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - DON is a Mid Cap Value Equities fund tracking the WisdomTree U.S. MidCap 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, DON returned 9.16%/yr vs 2.47%/yr for USFR. At a 0.00 correlation, their price movements are largely independent. DON charges 0.38%/yr vs 0.15%/yr for USFR.
Performance
DON vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, DON achieves a 7.24% return, which is significantly higher than USFR's 1.60% return. Over the past 10 years, DON has outperformed USFR with an annualized return of 9.16%, while USFR has yielded a comparatively lower 2.47% annualized return.
DON
- 1D
- -0.45%
- 1M
- 0.47%
- YTD
- 7.24%
- 6M
- 6.89%
- 1Y
- 14.24%
- 3Y*
- 13.37%
- 5Y*
- 7.54%
- 10Y*
- 9.16%
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%
DON vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DON WisdomTree US MidCap Dividend ETF | 7.24% | 3.86% | 14.20% | 14.04% | -4.72% | 30.29% | -5.40% | 23.31% | -8.26% | 14.86% |
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 DON and USFR is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014 | 0.00 |
The correlation between DON and USFR shifts across timeframes, from -0.11 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DON vs. USFR — Risk / Return Rank
DON
USFR
DON vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree US MidCap Dividend ETF (DON) 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.
| DON | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.01 | ||
| Sortino ratioReturn per unit of downside risk | -48.93 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 13.43 | -12.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.58 | 203.42 | -201.84 |
| Martin ratioReturn relative to average drawdown | 4.93 | 787.84 | -782.91 |
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
| DON | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 15.11 | -14.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 9.26 | -8.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 3.07 | -2.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 1.60 | -1.18 |
Drawdowns
DON vs. USFR - Drawdown Comparison
The maximum DON drawdown since its inception was -61.94%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for DON and USFR.
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Drawdown Indicators
| DON | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.94% | -1.36% | -60.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -0.02% | -9.03% |
Max Drawdown (3Y)Largest decline over 3 years | -21.46% | -0.06% | -21.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.46% | -0.18% | -21.28% |
Max Drawdown (10Y)Largest decline over 10 years | -46.80% | -0.80% | -46.00% |
Current DrawdownCurrent decline from peak | -1.93% | 0.00% | -1.93% |
Average DrawdownAverage peak-to-trough decline | -7.90% | -0.16% | -7.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 0.01% | +2.89% |
Volatility
DON vs. USFR - Volatility Comparison
WisdomTree US MidCap Dividend ETF (DON) has a higher volatility of 3.06% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that DON'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
| DON | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 0.06% | +3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 8.87% | 0.18% | +8.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.97% | 0.27% | +12.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.77% | 0.40% | +17.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.26% | 0.81% | +19.45% |
DON vs. USFR - Expense Ratio Comparison
DON has a 0.38% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
DON vs. USFR - Dividend Comparison
DON's dividend yield for the trailing twelve months is around 2.36%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DON WisdomTree US MidCap Dividend ETF | 2.36% | 2.53% | 2.27% | 2.41% | 2.71% | 2.12% | 2.77% | 2.38% | 2.55% | 2.25% | 2.48% | 2.89% |
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
DON and USFR have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DON has higher volatility (3.06%) compared to USFR (0.06%). In terms of maximum drawdown, DON dropped -61.94% vs USFR's -1.36%.
On 10-year performance, DON leads with 9.16% 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, DON has performed better with a 9.16% 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 0.38% for DON.
USFR has the higher dividend yield at 3.91%, compared with 2.36% for DON.
DON is categorized as Mid Cap Value Equities, while USFR is Government Bonds. DON tracks WisdomTree U.S. MidCap Dividend Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. Their fees differ too: 0.38% for DON and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.11 vs 1.10), 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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