ESGE vs. USFR
ESGE (iShares ESG Aware MSCI EM ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - ESGE is a Emerging Markets Equities fund tracking the MSCI EM Extended ESG Focus 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 5 years, ESGE returned 7.71%/yr vs 3.70%/yr for USFR. At a 0.00 correlation, their price movements are largely independent. ESGE charges 0.25%/yr vs 0.15%/yr for USFR.
Performance
ESGE vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, ESGE achieves a 29.55% return, which is significantly higher than USFR's 1.78% return.
ESGE
- 1D
- 0.41%
- 1M
- 8.95%
- YTD
- 29.55%
- 6M
- 31.12%
- 1Y
- 54.89%
- 3Y*
- 25.08%
- 5Y*
- 7.71%
- 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%
ESGE vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESGE iShares ESG Aware MSCI EM ETF | 29.55% | 35.86% | 6.63% | 9.51% | -22.41% | -2.87% | 18.60% | 20.37% | -15.24% | 38.86% |
USFR WisdomTree Floating Rate Treasury Fund | 1.78% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between ESGE and USFR is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2016 | 0.00 |
The correlation between ESGE and USFR shifts across timeframes, from -0.14 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ESGE vs. USFR — Risk / Return Rank
ESGE
USFR
ESGE vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware MSCI EM ETF (ESGE) 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.
| ESGE | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.14 | ||
| Sortino ratioReturn per unit of downside risk | -46.69 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 13.24 | -11.78 |
| Calmar ratioReturn relative to maximum drawdown | 3.97 | 200.29 | -196.32 |
| Martin ratioReturn relative to average drawdown | 14.85 | 775.73 | -760.88 |
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Drawdowns
ESGE vs. USFR - Drawdown Comparison
The maximum ESGE drawdown since its inception was -41.07%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for ESGE and USFR.
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Drawdown Indicators
| ESGE | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.07% | -1.36% | -39.71% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -0.02% | -13.88% |
Max Drawdown (3Y)Largest decline over 3 years | -16.71% | -0.06% | -16.65% |
Max Drawdown (5Y)Largest decline over 5 years | -39.18% | -0.18% | -39.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -14.41% | -0.15% | -14.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 0.01% | +3.70% |
Volatility
ESGE vs. USFR - Volatility Comparison
iShares ESG Aware MSCI EM ETF (ESGE) has a higher volatility of 10.79% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that ESGE'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
| ESGE | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.79% | 0.08% | +10.71% |
Volatility (6M)Calculated over the trailing 6-month period | 19.79% | 0.19% | +19.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.06% | 0.27% | +21.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.55% | 0.40% | +19.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.11% | 0.78% | +19.33% |
ESGE vs. USFR - Expense Ratio Comparison
ESGE has a 0.25% 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
ESGE vs. USFR - Dividend Comparison
ESGE's dividend yield for the trailing twelve months is around 2.00%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESGE iShares ESG Aware MSCI EM ETF | 2.00% | 2.50% | 2.41% | 2.64% | 2.68% | 2.66% | 1.31% | 2.59% | 2.19% | 1.86% | 0.27% |
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
ESGE 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.
ESGE has higher volatility (10.79%) compared to USFR (0.08%). In terms of maximum drawdown, ESGE dropped -41.07% vs USFR's -1.36%.
On 5-year performance, ESGE leads with 7.71% vs 3.70% 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 5-year period, ESGE has performed better with a 7.71% return vs 3.70%. 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 0.25% for ESGE.
USFR has the higher dividend yield at 3.91%, compared with 2.00% for ESGE.
ESGE is categorized as Emerging Markets Equities, while USFR is Government Bonds. ESGE tracks MSCI EM Extended ESG Focus 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: 0.25% for ESGE and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.65 vs 2.51), 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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