FLUD vs. USFR
FLUD (Franklin Ultra Short Bond ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - FLUD is a Ultrashort Bond fund actively managed by Franklin Templeton, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. FLUD is actively managed, while USFR is passively managed. Over the past 5 years, FLUD returned 3.65%/yr vs 3.72%/yr for USFR. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
FLUD vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, FLUD achieves a 1.64% return, which is significantly lower than USFR's 1.82% return.
FLUD
- 1D
- -0.04%
- 1M
- 0.27%
- YTD
- 1.64%
- 6M
- 1.74%
- 1Y
- 4.27%
- 3Y*
- 5.24%
- 5Y*
- 3.65%
- 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%
FLUD vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FLUD Franklin Ultra Short Bond ETF | 1.64% | 5.36% | 5.44% | 5.95% | 0.16% | 0.09% | 0.71% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | -0.02% |
Correlation
The correlation between FLUD 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 (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 16, 2020 | 0.08 |
The correlation between FLUD and USFR shifts across timeframes, from -0.07 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FLUD vs. USFR — Risk / Return Rank
FLUD
USFR
FLUD vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Ultra Short Bond ETF (FLUD) 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.
| FLUD | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.97 | ||
| Sortino ratioReturn per unit of downside risk | -45.87 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 13.31 | -11.73 |
| Calmar ratioReturn relative to maximum drawdown | 9.81 | 201.33 | -191.53 |
| Martin ratioReturn relative to average drawdown | 39.11 | 779.76 | -740.66 |
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Drawdowns
FLUD vs. USFR - Drawdown Comparison
The maximum FLUD drawdown since its inception was -1.66%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for FLUD and USFR.
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Drawdown Indicators
| FLUD | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.66% | -1.36% | -0.30% |
Max Drawdown (1Y)Largest decline over 1 year | -0.44% | -0.02% | -0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -0.59% | -0.06% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -1.66% | -0.18% | -1.48% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -0.04% | 0.00% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.24% | -0.15% | -0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.01% | +0.10% |
Volatility
FLUD vs. USFR - Volatility Comparison
Franklin Ultra Short Bond ETF (FLUD) has a higher volatility of 0.40% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that FLUD'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
| FLUD | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 0.09% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 0.78% | 0.19% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.60% | 0.27% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.34% | 0.40% | +0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.26% | 0.78% | +0.48% |
FLUD vs. USFR - Expense Ratio Comparison
Both FLUD and USFR have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
FLUD vs. USFR - Dividend Comparison
FLUD's dividend yield for the trailing twelve months is around 4.26%, more than USFR's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLUD Franklin Ultra Short Bond ETF | 4.26% | 4.51% | 4.97% | 4.72% | 1.39% | 0.92% | 0.93% | 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
FLUD 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.
FLUD has higher volatility (0.40%) compared to USFR (0.09%). In terms of maximum drawdown, FLUD dropped -1.66% vs USFR's -1.36%.
On 5-year performance, USFR leads with 3.72% vs 3.65% for FLUD. Both ETFs have the same 0.15% expense ratio. 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 5-year period, USFR has performed better with a 3.72% return vs 3.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLUD and USFR have the same expense ratio: 0.15% per year.
FLUD has the higher dividend yield at 4.26%, compared with 3.90% for USFR.
FLUD is categorized as Ultrashort Bond, while USFR is Government Bonds. They also come from different issuers: Franklin Templeton and WisdomTree.
USFR currently has the higher Sharpe Ratio (14.67 vs 2.70), 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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