ETHV vs. USFR
ETHV (VanEck Ethereum ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - ETHV is a Cryptocurrency fund tracking the MarketVector Ethereum Benchmark Rate, 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, ETHV returned -35.21% vs 3.99% for USFR. At a 0.01 correlation, their price movements are largely independent. ETHV charges 0.20%/yr vs 0.15%/yr for USFR.
Performance
ETHV vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, ETHV achieves a -46.75% return, which is significantly lower than USFR's 1.82% return.
ETHV
- 1D
- -4.62%
- 1M
- -23.36%
- YTD
- -46.75%
- 6M
- -46.15%
- 1Y
- -35.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.00%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 1.92%
- 1Y
- 3.99%
- 3Y*
- 4.74%
- 5Y*
- 3.72%
- 10Y*
- 2.43%
ETHV vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHV VanEck Ethereum ETF | -46.75% | -11.02% | -5.50% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 2.23% |
Correlation
The correlation between ETHV 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 | -0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.01 |
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Return for Risk
ETHV vs. USFR — Risk / Return Rank
ETHV
USFR
ETHV vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Ethereum ETF (ETHV) 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.
| ETHV | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.18 | ||
| Sortino ratioReturn per unit of downside risk | -50.54 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 13.31 | -12.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 201.33 | -201.86 |
| Martin ratioReturn relative to average drawdown | -0.87 | 779.76 | -780.63 |
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Drawdowns
ETHV vs. USFR - Drawdown Comparison
The maximum ETHV drawdown since its inception was -67.54%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for ETHV and USFR.
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Drawdown Indicators
| ETHV | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.54% | -1.36% | -66.18% |
Max Drawdown (1Y)Largest decline over 1 year | -67.54% | -0.02% | -67.52% |
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 | -67.36% | 0.00% | -67.36% |
Average DrawdownAverage peak-to-trough decline | -33.79% | -0.15% | -33.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.63% | 0.01% | +40.62% |
Volatility
ETHV vs. USFR - Volatility Comparison
VanEck Ethereum ETF (ETHV) has a higher volatility of 19.89% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that ETHV'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
| ETHV | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.89% | 0.09% | +19.80% |
Volatility (6M)Calculated over the trailing 6-month period | 46.41% | 0.19% | +46.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.10% | 0.27% | +68.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.41% | 0.40% | +72.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.41% | 0.78% | +71.63% |
ETHV vs. USFR - Expense Ratio Comparison
ETHV has a 0.20% 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
ETHV vs. USFR - Dividend Comparison
ETHV 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ETHV VanEck Ethereum 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
ETHV 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.
ETHV has higher volatility (19.89%) compared to USFR (0.09%). In terms of maximum drawdown, ETHV dropped -67.54% vs USFR's -1.36%.
On 1-year performance, USFR leads with 3.99% vs -35.21% for ETHV. 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 -35.21%. 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 0.20% for ETHV.
USFR has the higher dividend yield at 3.90%, compared with 0.00% for ETHV.
ETHV is categorized as Cryptocurrency, while USFR is Government Bonds. ETHV tracks MarketVector Ethereum Benchmark Rate, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: VanEck and WisdomTree. Their fees differ too: 0.20% for ETHV and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.67 vs -0.51), 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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