EMNT vs. USFR
EMNT (PIMCO Enhanced Short Maturity Active ESG ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - EMNT is a Ultrashort Bond fund actively managed by PIMCO, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. EMNT is actively managed, while USFR is passively managed. Over the past 5 years, EMNT returned 3.43%/yr vs 3.66%/yr for USFR. At a 0.13 correlation, their price movements are largely independent. EMNT charges 0.24%/yr vs 0.15%/yr for USFR.
Performance
EMNT vs. USFR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EMNT having a 1.64% return and USFR slightly lower at 1.60%.
EMNT
- 1D
- -0.02%
- 1M
- 0.39%
- YTD
- 1.64%
- 6M
- 1.97%
- 1Y
- 4.38%
- 3Y*
- 5.24%
- 5Y*
- 3.43%
- 10Y*
- —
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%
EMNT vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 1.64% | 4.74% | 5.79% | 5.84% | -0.57% | 0.11% | 2.08% | 0.09% |
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 0.08% |
Correlation
The correlation between EMNT and USFR is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2019 | 0.13 |
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Return for Risk
EMNT vs. USFR — Risk / Return Rank
EMNT
USFR
EMNT vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) 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.
| EMNT | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.48 | ||
| Sortino ratioReturn per unit of downside risk | -29.47 | ||
| Omega ratioGain probability vs. loss probability | 5.63 | 13.43 | -7.80 |
| Calmar ratioReturn relative to maximum drawdown | 33.45 | 203.42 | -169.97 |
| Martin ratioReturn relative to average drawdown | 235.99 | 787.84 | -551.85 |
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
| EMNT | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.63 | 15.11 | -4.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.18 | 9.26 | -5.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 3.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.51 | 1.60 | +1.91 |
Drawdowns
EMNT vs. USFR - Drawdown Comparison
The maximum EMNT drawdown since its inception was -2.28%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for EMNT and USFR.
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Drawdown Indicators
| EMNT | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.28% | -1.36% | -0.92% |
Max Drawdown (1Y)Largest decline over 1 year | -0.13% | -0.02% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -0.73% | -0.06% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -1.70% | -0.18% | -1.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.23% | -0.16% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.01% | +0.01% |
Volatility
EMNT vs. USFR - Volatility Comparison
PIMCO Enhanced Short Maturity Active ESG ETF (EMNT) has a higher volatility of 0.14% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that EMNT'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
| EMNT | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | 0.06% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.34% | 0.18% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.41% | 0.27% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.83% | 0.40% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 0.81% | +0.05% |
EMNT vs. USFR - Expense Ratio Comparison
EMNT has a 0.24% expense ratio, which is higher than USFR's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EMNT vs. USFR - Dividend Comparison
EMNT's dividend yield for the trailing twelve months is around 4.00%, more than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EMNT PIMCO Enhanced Short Maturity Active ESG ETF | 4.00% | 4.46% | 5.14% | 4.62% | 2.79% | 0.66% | 1.44% | 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
EMNT and USFR have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMNT has higher volatility (0.14%) compared to USFR (0.06%). In terms of maximum drawdown, EMNT dropped -2.28% vs USFR's -1.36%.
On 5-year performance, USFR leads with 3.66% vs 3.43% for EMNT. On fees, USFR is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USFR has performed better with a 3.66% return vs 3.43%. 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 0.24% for EMNT.
EMNT has the higher dividend yield at 4.00%, compared with 3.91% for USFR.
EMNT is categorized as Ultrashort Bond, while USFR is Government Bonds. They also come from different issuers: PIMCO and WisdomTree. Their fees differ too: 0.24% for EMNT and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.11 vs 10.63), 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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