EDV vs. USFR
EDV (Vanguard Extended Duration Treasury ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both Government Bonds funds - EDV tracks the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index while USFR tracks the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 10 years, EDV returned -3.32%/yr vs 2.47%/yr for USFR. At a correlation of -0.01, they often move in opposite directions. EDV charges 0.05%/yr vs 0.15%/yr for USFR.
Performance
EDV vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, EDV achieves a -0.72% return, which is significantly lower than USFR's 1.60% return. Over the past 10 years, EDV has underperformed USFR with an annualized return of -3.32%, while USFR has yielded a comparatively higher 2.47% annualized return.
EDV
- 1D
- -0.48%
- 1M
- 1.42%
- YTD
- -0.72%
- 6M
- -3.69%
- 1Y
- 4.85%
- 3Y*
- -5.25%
- 5Y*
- -10.02%
- 10Y*
- -3.32%
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%
EDV vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | -0.72% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
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 EDV and USFR is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
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 | -0.01 |
The correlation between EDV and USFR shifts across timeframes, from -0.13 (1 year) to 0.00 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EDV vs. USFR — Risk / Return Rank
EDV
USFR
EDV vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) 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.
| EDV | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.78 | ||
| Sortino ratioReturn per unit of downside risk | -50.06 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 13.43 | -12.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 203.42 | -203.03 |
| Martin ratioReturn relative to average drawdown | 0.90 | 787.84 | -786.94 |
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
| EDV | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 15.11 | -14.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 9.26 | -9.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.17 | 3.07 | -3.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 1.60 | -1.48 |
Drawdowns
EDV vs. USFR - Drawdown Comparison
The maximum EDV drawdown since its inception was -59.96%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for EDV and USFR.
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Drawdown Indicators
| EDV | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -1.36% | -58.60% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -0.02% | -12.52% |
Max Drawdown (3Y)Largest decline over 3 years | -26.99% | -0.06% | -26.93% |
Max Drawdown (5Y)Largest decline over 5 years | -55.03% | -0.18% | -54.85% |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | -0.80% | -59.16% |
Current DrawdownCurrent decline from peak | -54.45% | 0.00% | -54.45% |
Average DrawdownAverage peak-to-trough decline | -23.43% | -0.16% | -23.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 0.01% | +5.37% |
Volatility
EDV vs. USFR - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 4.06% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that EDV'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
| EDV | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 0.06% | +4.00% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 0.18% | +9.47% |
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 | 21.63% | 0.40% | +21.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.81% | 0.81% | +19.00% |
EDV vs. USFR - Expense Ratio Comparison
EDV has a 0.05% expense ratio, which is lower than USFR's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EDV vs. USFR - Dividend Comparison
EDV's dividend yield for the trailing twelve months is around 4.99%, more than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.99% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
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
EDV and USFR have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDV has higher volatility (4.06%) compared to USFR (0.06%). In terms of maximum drawdown, EDV dropped -59.96% vs USFR's -1.36%.
On 10-year performance, USFR leads with 2.47% vs -3.32% for EDV. On fees, EDV is cheaper at 0.05% 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, USFR has performed better with a 2.47% return vs -3.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDV is cheaper with a 0.05% expense ratio, compared with 0.15% for USFR.
EDV has the higher dividend yield at 4.99%, compared with 3.91% for USFR.
EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: Vanguard and WisdomTree. Their fees differ too: 0.05% for EDV and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.11 vs 0.33), 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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