ETHA vs. USFR
ETHA (iShares Ethereum Trust ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - ETHA is a Cryptocurrency fund tracking the CME CF Ether Dollar Reference Rate - New York Variant, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past year, ETHA returned -28.54% vs 3.99% for USFR. At a 0.01 correlation, their price movements are largely independent. ETHA charges 0.25%/yr vs 0.15%/yr for USFR.
Performance
ETHA vs. USFR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETHA achieves a -44.18% return, which is significantly lower than USFR's 1.82% return.
ETHA
- 1D
- -4.13%
- 1M
- -19.59%
- YTD
- -44.18%
- 6M
- -44.16%
- 1Y
- -28.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 1.92%
- 1Y
- 3.99%
- 3Y*
- 4.74%
- 5Y*
- 3.71%
- 10Y*
- 2.43%
ETHA vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHA iShares Ethereum Trust ETF | -44.18% | -11.31% | -4.89% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 2.23% |
Correlation
The correlation between ETHA and USFR is -0.07, 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 Jul 23, 2024 | 0.01 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETHA vs. USFR — Risk / Return Rank
ETHA
USFR
ETHA vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) 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.
| ETHA | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.08 | ||
| Sortino ratioReturn per unit of downside risk | -50.34 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 13.31 | -12.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 201.33 | -201.76 |
| Martin ratioReturn relative to average drawdown | -0.71 | 779.76 | -780.47 |
Loading charts...
Drawdowns
ETHA vs. USFR - Drawdown Comparison
The maximum ETHA drawdown since its inception was -67.56%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for ETHA and USFR.
Loading charts...
Drawdown Indicators
| ETHA | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.56% | -1.36% | -66.20% |
Max Drawdown (1Y)Largest decline over 1 year | -67.56% | -0.02% | -67.54% |
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 | -65.78% | 0.00% | -65.78% |
Average DrawdownAverage peak-to-trough decline | -33.64% | -0.15% | -33.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.40% | 0.01% | +40.39% |
Volatility
ETHA vs. USFR - Volatility Comparison
iShares Ethereum Trust ETF (ETHA) has a higher volatility of 19.90% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that ETHA'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.
Loading charts...
Volatility by Period
| ETHA | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.90% | 0.09% | +19.81% |
Volatility (6M)Calculated over the trailing 6-month period | 47.13% | 0.19% | +46.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.33% | 0.27% | +69.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.65% | 0.40% | +72.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.65% | 0.78% | +71.87% |
ETHA vs. USFR - Expense Ratio Comparison
ETHA 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
ETHA vs. USFR - Dividend Comparison
ETHA has not paid dividends to shareholders, while USFR's dividend yield for the trailing twelve months is around 3.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ETHA iShares Ethereum Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Floating Rate Treasury Fund | 3.90% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
ETHA and USFR have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHA has higher volatility (19.90%) compared to USFR (0.09%). In terms of maximum drawdown, ETHA dropped -67.56% vs USFR's -1.36%.
On 1-year performance, USFR leads with 3.99% vs -28.54% for ETHA. 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.
Over the 1-year period, USFR has performed better with a 3.99% return vs -28.54%. 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 ETHA.
USFR has the higher dividend yield at 3.90%, compared with 0.00% for ETHA.
ETHA is categorized as Cryptocurrency, while USFR is Government Bonds. ETHA tracks CME CF Ether Dollar Reference Rate - New York Variant, 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 ETHA and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.67 vs -0.41), 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.
Find the right allocation for ETHA and USFR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer