FLTR vs. USFR
Compare and contrast key facts about VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
FLTR and USFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLTR is a passively managed fund by VanEck that tracks the performance of the MVIS US Investment Grade Floating Rate Index. It was launched on Apr 25, 2011. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014. Both FLTR and USFR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTR or USFR.
Key characteristics
| FLTR | USFR | |
|---|---|---|
| YTD Return | 6.44% | 4.69% |
| 1Y Return | 7.68% | 5.32% |
| 3Y Return (Ann) | 4.81% | 3.95% |
| 5Y Return (Ann) | 3.39% | 2.51% |
| 10Y Return (Ann) | 2.70% | 2.38% |
| Sharpe Ratio | 7.29 | 14.71 |
| Sortino Ratio | 11.81 | 52.92 |
| Omega Ratio | 3.74 | 12.62 |
| Calmar Ratio | 10.37 | 88.94 |
| Martin Ratio | 114.30 | 734.59 |
| Ulcer Index | 0.07% | 0.01% |
| Daily Std Dev | 1.06% | 0.36% |
| Max Drawdown | -17.84% | -1.36% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FLTR and USFR is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLTR vs. USFR - Performance Comparison
In the year-to-date period, FLTR achieves a 6.44% return, which is significantly higher than USFR's 4.69% return. Over the past 10 years, FLTR has outperformed USFR with an annualized return of 2.70%, while USFR has yielded a comparatively lower 2.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLTR vs. USFR - Expense Ratio Comparison
FLTR has a 0.14% expense ratio, which is lower than USFR's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
FLTR vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors Investment Grade Floating Rate ETF (FLTR) and WisdomTree Bloomberg 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.
Dividends
FLTR vs. USFR - Dividend Comparison
FLTR's dividend yield for the trailing twelve months is around 6.11%, more than USFR's 5.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLTR VanEck Vectors Investment Grade Floating Rate ETF | 6.11% | 6.08% | 2.30% | 0.63% | 1.49% | 3.05% | 2.67% | 1.69% | 1.16% | 0.71% | 0.66% | 0.65% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.30% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% | 0.00% | 0.00% | 0.00% |
Drawdowns
FLTR vs. USFR - Drawdown Comparison
The maximum FLTR drawdown since its inception was -17.84%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for FLTR and USFR. For additional features, visit the drawdowns tool.
Volatility
FLTR vs. USFR - Volatility Comparison
VanEck Vectors Investment Grade Floating Rate ETF (FLTR) has a higher volatility of 0.27% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that FLTR'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.