FVC vs. USFR
FVC (First Trust Dorsey Wright Dynamic Focus 5 ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - FVC is a Hedge Fund fund tracking the Dorsey Wright Dynamic Focus Five Index, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 10 years, FVC returned 8.56%/yr vs 2.43%/yr for USFR. At a correlation of -0.00, they often move in opposite directions. FVC charges 0.71%/yr vs 0.15%/yr for USFR.
Performance
FVC vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, FVC achieves a 14.86% return, which is significantly higher than USFR's 1.82% return. Over the past 10 years, FVC has outperformed USFR with an annualized return of 8.56%, while USFR has yielded a comparatively lower 2.43% annualized return.
FVC
- 1D
- -0.05%
- 1M
- 1.47%
- YTD
- 14.86%
- 6M
- 13.30%
- 1Y
- 20.47%
- 3Y*
- 9.81%
- 5Y*
- 4.32%
- 10Y*
- 8.56%
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%
FVC vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVC First Trust Dorsey Wright Dynamic Focus 5 ETF | 14.86% | 2.12% | 12.43% | -4.59% | -6.03% | 21.92% | 12.71% | 19.28% | -8.60% | 19.74% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between FVC and USFR is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2016 | -0.00 |
The correlation between FVC and USFR shifts across timeframes, from -0.15 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FVC vs. USFR — Risk / Return Rank
FVC
USFR
FVC vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) 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.
| FVC | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.24 | ||
| Sortino ratioReturn per unit of downside risk | -48.15 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 13.31 | -12.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 201.33 | -199.79 |
| Martin ratioReturn relative to average drawdown | 6.00 | 779.76 | -773.77 |
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Drawdowns
FVC vs. USFR - Drawdown Comparison
The maximum FVC drawdown since its inception was -30.96%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for FVC and USFR.
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Drawdown Indicators
| FVC | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -1.36% | -29.60% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -0.02% | -13.30% |
Max Drawdown (3Y)Largest decline over 3 years | -14.75% | -0.06% | -14.69% |
Max Drawdown (5Y)Largest decline over 5 years | -22.62% | -0.18% | -22.44% |
Max Drawdown (10Y)Largest decline over 10 years | -30.96% | -0.80% | -30.16% |
Current DrawdownCurrent decline from peak | -2.17% | 0.00% | -2.17% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -0.15% | -6.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 0.01% | +3.41% |
Volatility
FVC vs. USFR - Volatility Comparison
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) has a higher volatility of 6.76% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that FVC'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
| FVC | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 0.09% | +6.67% |
Volatility (6M)Calculated over the trailing 6-month period | 13.66% | 0.19% | +13.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.35% | 0.27% | +14.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.49% | 0.40% | +16.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 0.78% | +16.90% |
FVC vs. USFR - Expense Ratio Comparison
FVC has a 0.71% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
FVC vs. USFR - Dividend Comparison
FVC's dividend yield for the trailing twelve months is around 1.96%, less than USFR's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FVC First Trust Dorsey Wright Dynamic Focus 5 ETF | 1.96% | 2.57% | 0.78% | 1.89% | 1.50% | 0.09% | 0.21% | 1.07% | 0.24% | 0.63% | 0.67% |
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
FVC and USFR have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FVC has higher volatility (6.76%) compared to USFR (0.09%). In terms of maximum drawdown, FVC dropped -30.96% vs USFR's -1.36%.
On 10-year performance, FVC leads with 8.56% vs 2.43% for USFR. 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 10-year period, FVC has performed better with a 8.56% return vs 2.43%. 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 0.71% for FVC.
USFR has the higher dividend yield at 3.90%, compared with 1.96% for FVC.
FVC is categorized as Hedge Fund, while USFR is Government Bonds. FVC tracks Dorsey Wright Dynamic Focus Five Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.71% for FVC and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.67 vs 1.43), 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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