FPI vs. USFR
FPI (Farmland Partners Inc.) is a stock, while USFR (WisdomTree Floating Rate Treasury Fund) is Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Over the past 10 years, FPI returned 2.10%/yr vs 2.48%/yr for USFR. Their -0.01 correlation means they have often moved in opposite directions in the past.
Performance
FPI vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, FPI achieves a -1.20% return, which is significantly lower than USFR's 2.27% return. Over the past 10 years, FPI has underperformed USFR with an annualized return of 2.10%, while USFR has yielded a comparatively higher 2.48% annualized return.
FPI
- 1D
- -0.74%
- 1M
- -3.71%
- 6M
- -18.05%
- YTD
- -1.20%
- 1Y
- -7.41%
- 3Y*
- 0.27%
- 5Y*
- -1.10%
- 10Y*
- 2.10%
- ALL TIME*
- 1.20%
USFR
- 1D
- 0.02%
- 1M
- 0.34%
- 6M
- 1.89%
- YTD
- 2.27%
- 1Y
- 3.95%
- 3Y*
- 4.69%
- 5Y*
- 3.81%
- 10Y*
- 2.48%
- ALL TIME*
- 1.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.53M | $3.78M | $4.02M | |
| $315.80M | $253.72M | $243.43M |
FPI vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | -1.20% | -14.11% | 5.66% | 3.99% | 6.09% | 39.70% | 32.09% | 53.84% | -45.13% | -17.84% |
USFR WisdomTree Floating Rate Treasury Fund | 2.27% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between FPI and USFR is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.01 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2014 | -0.01 |
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Return for Risk
FPI vs. USFR — Risk / Return Rank
FPI
USFR
FPI vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Farmland Partners Inc. (FPI) 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.
| FPI | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.92 | ||
| Sortino ratioReturn per unit of downside risk | -51.83 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 14.07 | -13.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 200.37 | -200.60 |
| Martin ratioReturn relative to average drawdown | -0.47 | 800.42 | -800.89 |
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Drawdowns
FPI vs. USFR - Drawdown Comparison
The maximum FPI drawdown since its inception was -59.77%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for FPI and USFR.
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Drawdown Indicators
| FPI | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.77% | -1.36% | -58.41% |
Max Drawdown (1Y)Largest decline over 1 year | -27.04% | -0.02% | -27.02% |
Max Drawdown (3Y)Largest decline over 3 years | -27.04% | -0.06% | -26.98% |
Max Drawdown (5Y)Largest decline over 5 years | -39.88% | -0.18% | -39.70% |
Max Drawdown (10Y)Largest decline over 10 years | -57.44% | -0.80% | -56.64% |
Current DrawdownCurrent decline from peak | -27.70% | 0.00% | -27.70% |
Average DrawdownAverage peak-to-trough decline | -23.64% | -0.15% | -23.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.17% | 0.00% | +13.17% |
Volatility
FPI vs. USFR - Volatility Comparison
Farmland Partners Inc. (FPI) has a higher volatility of 4.78% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that FPI'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
| FPI | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.78% | 0.09% | +4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 17.74% | 0.20% | +17.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.32% | 0.27% | +22.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.06% | 0.39% | +27.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.66% | 0.76% | +34.90% |
Dividends
FPI vs. USFR - Dividend Comparison
FPI's dividend yield for the trailing twelve months is around 5.35%, more than USFR's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | 5.35% | 4.54% | 11.31% | 3.61% | 1.85% | 1.67% | 2.30% | 2.95% | 7.82% | 5.88% | 4.57% | 4.54% |
USFR WisdomTree Floating Rate Treasury Fund | 3.79% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% | 0.00% |
Frequently Asked Questions
FPI and USFR have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPI has higher volatility (4.78%) compared to USFR (0.09%). In terms of maximum drawdown, FPI dropped -59.77% vs USFR's -1.36%.
USFR currently has the higher Sharpe Ratio (14.64 vs -0.28), 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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