ENIAX vs. USFR
ENIAX (SEI Institutional Investments Trust Opportunistic Income Fund) and USFR (WisdomTree Floating Rate Treasury Fund) are both funds - ENIAX is a Ultrashort Bond fund managed by SEI, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Over the past 10 years, ENIAX returned 4.17%/yr vs 2.47%/yr for USFR. At a 0.06 correlation, their price movements are largely independent. ENIAX charges 0.23%/yr vs 0.15%/yr for USFR.
Performance
ENIAX vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, ENIAX achieves a 1.52% return, which is significantly lower than USFR's 1.60% return. Over the past 10 years, ENIAX has outperformed USFR with an annualized return of 4.17%, while USFR has yielded a comparatively lower 2.47% annualized return.
ENIAX
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 1.52%
- 6M
- 1.93%
- 1Y
- 5.28%
- 3Y*
- 6.69%
- 5Y*
- 4.69%
- 10Y*
- 4.17%
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%
ENIAX vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 1.52% | 6.14% | 8.34% | 7.94% | -1.16% | 2.67% | 2.47% | 5.82% | 1.82% | 3.93% |
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 ENIAX and USFR is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014 | 0.06 |
The correlation between ENIAX and USFR shifts across timeframes, from -0.09 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ENIAX vs. USFR — Risk / Return Rank
ENIAX
USFR
ENIAX vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) 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.
| ENIAX | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.53 | ||
| Sortino ratioReturn per unit of downside risk | -38.69 | ||
| Omega ratioGain probability vs. loss probability | 4.44 | 13.43 | -8.99 |
| Calmar ratioReturn relative to maximum drawdown | 14.18 | 203.42 | -189.24 |
| Martin ratioReturn relative to average drawdown | 87.74 | 787.84 | -700.10 |
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
| ENIAX | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.58 | 15.11 | -9.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.65 | 9.26 | -7.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.50 | 3.07 | -1.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 1.60 | -0.93 |
Drawdowns
ENIAX vs. USFR - Drawdown Comparison
The maximum ENIAX drawdown since its inception was -33.30%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for ENIAX and USFR.
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Drawdown Indicators
| ENIAX | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.30% | -1.36% | -31.94% |
Max Drawdown (1Y)Largest decline over 1 year | -0.37% | -0.02% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -2.11% | -0.06% | -2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -3.52% | -0.18% | -3.34% |
Max Drawdown (10Y)Largest decline over 10 years | -13.45% | -0.80% | -12.65% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -0.16% | -7.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.01% | +0.05% |
Volatility
ENIAX vs. USFR - Volatility Comparison
SEI Institutional Investments Trust Opportunistic Income Fund (ENIAX) has a higher volatility of 0.23% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that ENIAX'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
| ENIAX | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | 0.06% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 0.69% | 0.18% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.95% | 0.27% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 0.40% | +2.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.79% | 0.81% | +1.98% |
ENIAX vs. USFR - Expense Ratio Comparison
ENIAX has a 0.23% 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
ENIAX vs. USFR - Dividend Comparison
ENIAX's dividend yield for the trailing twelve months is around 5.93%, more than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENIAX SEI Institutional Investments Trust Opportunistic Income Fund | 5.93% | 6.00% | 6.78% | 5.33% | 4.07% | 2.66% | 2.96% | 4.32% | 3.96% | 3.02% | 2.75% | 2.54% |
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
ENIAX and USFR have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENIAX has higher volatility (0.23%) compared to USFR (0.06%). In terms of maximum drawdown, ENIAX dropped -33.30% vs USFR's -1.36%.
USFR currently has the higher Sharpe Ratio (15.11 vs 5.58), 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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