ELCV vs. USFR

Last updated Aug 6, 2026

ELCV (Eventide High Dividend ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - ELCV is a Large Cap Value Equities fund actively managed by Eventide, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. ELCV is actively managed, while USFR is passively managed. Over the past year, ELCV returned 25.45% vs 3.97% for USFR. Their -0.06 correlation means they have often moved in opposite directions in the past. ELCV charges 0.49%/yr vs 0.15%/yr for USFR.

Performance

ELCV vs. USFR - Performance Comparison

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

Returns By Period

In the year-to-date period, ELCV achieves a 20.75% return, which is significantly higher than USFR's 2.31% return.

ELCV

• 1D: -0.42%
• 1M: -1.34%
• 6M: 12.57%
• YTD: 20.75%
• 1Y: 25.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.23%

USFR

• 1D: 0.02%
• 1M: 0.36%
• 6M: 1.91%
• YTD: 2.31%
• 1Y: 3.97%
• 3Y*: 4.68%
• 5Y*: 3.82%
• 10Y*: 2.48%
• ALL TIME*: 1.98%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ELCV Eventide High Dividend ETF	$1.35M	$1.37M	$1.54M
USFR WisdomTree Floating Rate Treasury Fund	$364.75M	$267.80M	$250.84M

ELCV vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ELCV Eventide High Dividend ETF	20.75%	9.96%	-0.64%
USFR WisdomTree Floating Rate Treasury Fund	2.31%	4.23%	1.38%

Correlation

The correlation between ELCV and USFR is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.14
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	-0.06

Return for Risk

ELCV vs. USFR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ELCV

ELCV Risk / Return Rank: 81
ELCV Sharpe Ratio Rank: 78
ELCV Sortino Ratio Rank: 76
ELCV Omega Ratio Rank: 74
ELCV Calmar Ratio Rank: 88
ELCV Martin Ratio Rank: 88

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) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ELCV vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eventide High Dividend ETF (ELCV) 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.

	ELCV	USFR	Difference
Sharpe ratio: Return per unit of total volatility	2.00	14.64	-12.64
Sortino ratio: Return per unit of downside risk	2.75	51.60	-48.85
Omega ratio: Gain probability vs. loss probability	1.35	14.07	-12.72
Calmar ratio: Return relative to maximum drawdown	3.91	200.37	-196.46
Martin ratio: Return relative to average drawdown	14.42	800.41	-785.99

ELCV vs. USFR - Sharpe Ratio Comparison

The current ELCV Sharpe Ratio is 2.00, which is lower than the USFR Sharpe Ratio of 14.64. The chart below compares the historical Sharpe Ratios of ELCV and USFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ELCV vs. USFR - Drawdown Comparison

The maximum ELCV drawdown since its inception was -18.38%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for ELCV and USFR.

Drawdown Indicators

	ELCV	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-18.38%	-1.36%	-17.02%
Max Drawdown (1Y) Largest decline over 1 year	-6.54%	-0.02%	-6.52%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.80%	—
Current Drawdown Current decline from peak	-3.62%	0.00%	-3.62%
Average Drawdown Average peak-to-trough decline	-3.59%	-0.15%	-3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	0.00%	+1.77%

Volatility

ELCV vs. USFR - Volatility Comparison

Eventide High Dividend ETF (ELCV) has a higher volatility of 4.29% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that ELCV'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

	ELCV	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	0.09%	+4.20%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	0.20%	+9.79%
Volatility (1Y) Calculated over the trailing 1-year period	12.78%	0.27%	+12.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.46%	0.39%	+15.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.46%	0.76%	+14.70%

ELCV vs. USFR - Expense Ratio Comparison

ELCV has a 0.49% expense ratio, which is higher than USFR's 0.15% expense ratio.

Dividends

ELCV vs. USFR - Dividend Comparison

ELCV's dividend yield for the trailing twelve months is around 2.13%, less than USFR's 3.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
ELCV Eventide High Dividend ETF	2.13%	2.34%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USFR WisdomTree Floating Rate Treasury Fund	3.79%	4.15%	5.17%	5.12%	1.78%	0.01%	0.40%	2.08%	1.67%	1.03%	0.29%

Frequently Asked Questions

Can I hold both ELCV and USFR in my portfolio?

ELCV and USFR have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ELCV or USFR?

ELCV has higher volatility (4.29%) compared to USFR (0.09%). In terms of maximum drawdown, ELCV dropped -18.38% vs USFR's -1.36%.

Which ETF is better, ELCV or USFR?

On 1-year performance, ELCV leads with 25.45% vs 3.97% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ELCV or USFR?

Over the 1-year period, ELCV has performed better with a 25.45% return vs 3.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ELCV or USFR?

USFR is cheaper with a 0.15% expense ratio, compared with 0.49% for ELCV.

Which ETF pays a higher dividend yield, ELCV or USFR?

USFR has the higher dividend yield at 3.79%, compared with 2.13% for ELCV.

What is the main difference between ELCV and USFR?

ELCV is categorized as Large Cap Value Equities, while USFR is Government Bonds. They also come from different issuers: Eventide and WisdomTree. Their fees differ too: 0.49% for ELCV and 0.15% for USFR.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (14.64 vs 2.00), 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.