ERNZ vs. USFR
ERNZ (TrueShares Active Yield ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - ERNZ is a Large Cap Blend Equities fund actively managed by TrueShares, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. ERNZ is actively managed, while USFR is passively managed. Over the past year, ERNZ returned 2.92% vs 4.01% for USFR. At a correlation of -0.01, they often move in opposite directions. ERNZ charges 0.75%/yr vs 0.15%/yr for USFR.
Performance
ERNZ vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, ERNZ achieves a 4.89% return, which is significantly higher than USFR's 1.60% return.
ERNZ
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 4.89%
- 6M
- 3.86%
- 1Y
- 2.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.60%
- 6M
- 1.96%
- 1Y
- 4.01%
- 3Y*
- 4.76%
- 5Y*
- 3.66%
- 10Y*
- 2.47%
ERNZ vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ERNZ TrueShares Active Yield ETF | 4.89% | -6.50% | 3.43% |
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 4.23% | 3.36% |
Correlation
The correlation between ERNZ and USFR is -0.08, 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 | -0.08 |
Correlation (All Time) Calculated using the full available price history since May 2, 2024 | -0.01 |
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Return for Risk
ERNZ vs. USFR — Risk / Return Rank
ERNZ
USFR
ERNZ vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Active Yield ETF (ERNZ) 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.
| ERNZ | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.71 | ||
| Sortino ratioReturn per unit of downside risk | -49.87 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 13.37 | -12.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 202.38 | -202.10 |
| Martin ratioReturn relative to average drawdown | 0.60 | 783.80 | -783.20 |
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
| ERNZ | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.30 | 15.01 | -14.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 9.25 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 3.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 1.60 | -1.54 |
Drawdowns
ERNZ vs. USFR - Drawdown Comparison
The maximum ERNZ drawdown since its inception was -14.16%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for ERNZ and USFR.
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Drawdown Indicators
| ERNZ | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.16% | -1.36% | -12.80% |
Max Drawdown (1Y)Largest decline over 1 year | -10.61% | -0.02% | -10.59% |
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 DrawdownCurrent decline from peak | -5.59% | 0.00% | -5.59% |
Average DrawdownAverage peak-to-trough decline | -4.58% | -0.16% | -4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 0.01% | +4.87% |
Volatility
ERNZ vs. USFR - Volatility Comparison
The current volatility for TrueShares Active Yield ETF (ERNZ) is 0.00%, while WisdomTree Floating Rate Treasury Fund (USFR) has a volatility of 0.06%. This indicates that ERNZ experiences smaller price fluctuations and is considered to be less risky 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
| ERNZ | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 0.06% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.38% | 0.18% | +4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.72% | 0.27% | +9.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.76% | 0.40% | +11.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.76% | 0.81% | +10.95% |
ERNZ vs. USFR - Expense Ratio Comparison
ERNZ has a 0.75% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
ERNZ vs. USFR - Dividend Comparison
ERNZ's dividend yield for the trailing twelve months is around 6.37%, more than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ERNZ TrueShares Active Yield ETF | 6.37% | 9.90% | 5.51% | 0.00% | 0.00% | 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
ERNZ and USFR have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USFR has higher volatility (0.06%) compared to ERNZ (0.00%). In terms of maximum drawdown, ERNZ dropped -14.16% vs USFR's -1.36%.
On 1-year performance, USFR leads with 4.01% vs 2.92% for ERNZ. 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 1-year period, USFR has performed better with a 4.01% return vs 2.92%. 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 0.75% for ERNZ.
ERNZ has the higher dividend yield at 6.37%, compared with 3.91% for USFR.
ERNZ is categorized as Large Cap Blend Equities, while USFR is Government Bonds. They also come from different issuers: TrueShares and WisdomTree. Their fees differ too: 0.75% for ERNZ and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.01 vs 0.30), 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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