EFRA vs. USFR
EFRA (iShares Environmental Infrastructure and Industrials ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - EFRA is a Industrials Equities fund tracking the FTSE Green Revenues Select Infrastructure and Industrials 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, EFRA returned 11.88%/yr vs 4.72%/yr for USFR. At a correlation of -0.08, they often move in opposite directions. EFRA charges 0.47%/yr vs 0.15%/yr for USFR.
Performance
EFRA vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, EFRA achieves a 6.71% return, which is significantly higher than USFR's 1.78% return.
EFRA
- 1D
- 0.46%
- 1M
- 2.32%
- YTD
- 6.71%
- 6M
- 6.23%
- 1Y
- 12.98%
- 3Y*
- 11.88%
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.78%
- 6M
- 1.89%
- 1Y
- 3.97%
- 3Y*
- 4.72%
- 5Y*
- 3.70%
- 10Y*
- 2.43%
EFRA vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EFRA iShares Environmental Infrastructure and Industrials ETF | 6.71% | 13.76% | 8.09% | 14.49% | 8.75% |
USFR WisdomTree Floating Rate Treasury Fund | 1.78% | 4.23% | 5.47% | 5.18% | 0.66% |
Correlation
The correlation between EFRA and USFR is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022 | -0.08 |
The correlation between EFRA and USFR shifts across timeframes, from -0.17 (1 year) to -0.06 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EFRA vs. USFR — Risk / Return Rank
EFRA
USFR
EFRA vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Environmental Infrastructure and Industrials ETF (EFRA) 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.
| EFRA | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.75 | ||
| Sortino ratioReturn per unit of downside risk | -48.53 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 13.24 | -12.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 200.29 | -199.13 |
| Martin ratioReturn relative to average drawdown | 3.14 | 775.73 | -772.60 |
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Drawdowns
EFRA vs. USFR - Drawdown Comparison
The maximum EFRA drawdown since its inception was -16.25%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for EFRA and USFR.
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Drawdown Indicators
| EFRA | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.25% | -1.36% | -14.89% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -0.02% | -11.18% |
Max Drawdown (3Y)Largest decline over 3 years | -16.25% | -0.06% | -16.19% |
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 | -5.43% | 0.00% | -5.43% |
Average DrawdownAverage peak-to-trough decline | -3.67% | -0.15% | -3.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.15% | 0.01% | +4.14% |
Volatility
EFRA vs. USFR - Volatility Comparison
iShares Environmental Infrastructure and Industrials ETF (EFRA) has a higher volatility of 4.83% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that EFRA'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
| EFRA | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 0.08% | +4.75% |
Volatility (6M)Calculated over the trailing 6-month period | 11.76% | 0.19% | +11.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.58% | 0.27% | +14.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.58% | 0.40% | +15.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.58% | 0.78% | +14.80% |
EFRA vs. USFR - Expense Ratio Comparison
EFRA has a 0.47% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
EFRA vs. USFR - Dividend Comparison
EFRA's dividend yield for the trailing twelve months is around 4.13%, more than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EFRA iShares Environmental Infrastructure and Industrials ETF | 4.13% | 4.34% | 3.79% | 1.85% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
EFRA and USFR have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EFRA has higher volatility (4.83%) compared to USFR (0.08%). In terms of maximum drawdown, EFRA dropped -16.25% vs USFR's -1.36%.
On 3-year performance, EFRA leads with 11.88% vs 4.72% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EFRA has performed better with a 11.88% return vs 4.72%. 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 0.47% for EFRA.
EFRA has the higher dividend yield at 4.13%, compared with 3.91% for USFR.
EFRA is categorized as Industrials Equities, while USFR is Government Bonds. EFRA tracks FTSE Green Revenues Select Infrastructure and Industrials Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.47% for EFRA and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.65 vs 0.90), 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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