FXZ vs. USFR
FXZ (First Trust Materials AlphaDEX Fund) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - FXZ is a Materials fund tracking the StrataQuant Materials 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, FXZ returned 11.74%/yr vs 2.43%/yr for USFR. At a correlation of -0.01, they often move in opposite directions. FXZ charges 0.67%/yr vs 0.15%/yr for USFR.
Performance
FXZ vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, FXZ achieves a 27.55% return, which is significantly higher than USFR's 1.78% return. Over the past 10 years, FXZ has outperformed USFR with an annualized return of 11.74%, while USFR has yielded a comparatively lower 2.43% annualized return.
FXZ
- 1D
- -0.37%
- 1M
- 3.14%
- YTD
- 27.55%
- 6M
- 25.29%
- 1Y
- 49.88%
- 3Y*
- 12.13%
- 5Y*
- 9.35%
- 10Y*
- 11.74%
USFR
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.78%
- 6M
- 1.89%
- 1Y
- 3.97%
- 3Y*
- 4.72%
- 5Y*
- 3.70%
- 10Y*
- 2.43%
FXZ vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXZ First Trust Materials AlphaDEX Fund | 27.55% | 16.25% | -16.31% | 16.27% | -0.92% | 30.84% | 22.52% | 21.52% | -22.62% | 23.72% |
USFR WisdomTree Floating Rate Treasury Fund | 1.78% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between FXZ and USFR is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | -0.01 |
The correlation between FXZ and USFR shifts across timeframes, from -0.13 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FXZ vs. USFR — Risk / Return Rank
FXZ
USFR
FXZ vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Materials AlphaDEX Fund (FXZ) 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.
| FXZ | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.43 | ||
| Sortino ratioReturn per unit of downside risk | -46.93 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 13.24 | -11.88 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 200.29 | -196.36 |
| Martin ratioReturn relative to average drawdown | 14.62 | 775.73 | -761.11 |
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Drawdowns
FXZ vs. USFR - Drawdown Comparison
The maximum FXZ drawdown since its inception was -65.46%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for FXZ and USFR.
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Drawdown Indicators
| FXZ | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.46% | -1.36% | -64.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.75% | -0.02% | -12.73% |
Max Drawdown (3Y)Largest decline over 3 years | -33.99% | -0.06% | -33.93% |
Max Drawdown (5Y)Largest decline over 5 years | -33.99% | -0.18% | -33.81% |
Max Drawdown (10Y)Largest decline over 10 years | -49.41% | -0.80% | -48.61% |
Current DrawdownCurrent decline from peak | -2.85% | 0.00% | -2.85% |
Average DrawdownAverage peak-to-trough decline | -11.33% | -0.15% | -11.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 0.01% | +3.41% |
Volatility
FXZ vs. USFR - Volatility Comparison
First Trust Materials AlphaDEX Fund (FXZ) has a higher volatility of 7.37% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that FXZ'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
| FXZ | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 0.08% | +7.29% |
Volatility (6M)Calculated over the trailing 6-month period | 17.03% | 0.19% | +16.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.66% | 0.27% | +22.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.17% | 0.40% | +23.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.94% | 0.78% | +24.16% |
FXZ vs. USFR - Expense Ratio Comparison
FXZ has a 0.67% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
FXZ vs. USFR - Dividend Comparison
FXZ's dividend yield for the trailing twelve months is around 1.41%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXZ First Trust Materials AlphaDEX Fund | 1.41% | 1.74% | 1.81% | 1.97% | 1.56% | 1.11% | 1.51% | 1.58% | 1.38% | 1.01% | 1.19% | 1.26% |
USFR WisdomTree Floating Rate Treasury Fund | 3.91% | 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
FXZ and USFR have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXZ has higher volatility (7.37%) compared to USFR (0.08%). In terms of maximum drawdown, FXZ dropped -65.46% vs USFR's -1.36%.
On 10-year performance, FXZ leads with 11.74% 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 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FXZ has performed better with a 11.74% 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 0.67% for FXZ.
USFR has the higher dividend yield at 3.91%, compared with 1.41% for FXZ.
FXZ is categorized as Materials, while USFR is Government Bonds. FXZ tracks StrataQuant Materials 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: 0.67% for FXZ and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.65 vs 2.22), 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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