FYX vs. USFR
FYX (First Trust Small Cap Core AlphaDEX Fund) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - FYX is a Small Cap Blend Equities fund tracking the Nasdaq AlphaDEX Small Cap Core 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, FYX returned 12.73%/yr vs 2.42%/yr for USFR. At a correlation of -0.00, they often move in opposite directions. FYX charges 0.63%/yr vs 0.15%/yr for USFR.
Performance
FYX vs. USFR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FYX achieves a 22.84% return, which is significantly higher than USFR's 1.78% return. Over the past 10 years, FYX has outperformed USFR with an annualized return of 12.73%, while USFR has yielded a comparatively lower 2.42% annualized return.
FYX
- 1D
- 1.62%
- 1M
- 5.11%
- YTD
- 22.84%
- 6M
- 20.92%
- 1Y
- 49.36%
- 3Y*
- 20.67%
- 5Y*
- 10.06%
- 10Y*
- 12.73%
USFR
- 1D
- 0.04%
- 1M
- 0.31%
- YTD
- 1.78%
- 6M
- 1.92%
- 1Y
- 3.97%
- 3Y*
- 4.77%
- 5Y*
- 3.70%
- 10Y*
- 2.42%
FYX vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FYX First Trust Small Cap Core AlphaDEX Fund | 22.84% | 12.68% | 12.22% | 18.30% | -18.41% | 27.43% | 19.48% | 21.32% | -10.64% | 14.34% |
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 FYX 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 | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | -0.00 |
The correlation between FYX and USFR shifts across timeframes, from -0.15 (1 year) to -0.00 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FYX vs. USFR — Risk / Return Rank
FYX
USFR
FYX vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Small Cap Core AlphaDEX Fund (FYX) 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.
| FYX | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.07 | ||
| Sortino ratioReturn per unit of downside risk | -46.59 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 13.37 | -11.92 |
| Calmar ratioReturn relative to maximum drawdown | 6.57 | 202.37 | -195.80 |
| Martin ratioReturn relative to average drawdown | 21.38 | 783.79 | -762.41 |
Loading charts...
Drawdowns
FYX vs. USFR - Drawdown Comparison
The maximum FYX drawdown since its inception was -61.80%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for FYX and USFR.
Loading charts...
Drawdown Indicators
| FYX | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.80% | -1.36% | -60.44% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -0.02% | -7.54% |
Max Drawdown (3Y)Largest decline over 3 years | -27.91% | -0.06% | -27.85% |
Max Drawdown (5Y)Largest decline over 5 years | -27.91% | -0.18% | -27.73% |
Max Drawdown (10Y)Largest decline over 10 years | -48.82% | -0.80% | -48.02% |
Current DrawdownCurrent decline from peak | -0.20% | 0.00% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -0.16% | -10.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 0.01% | +2.31% |
Volatility
FYX vs. USFR - Volatility Comparison
First Trust Small Cap Core AlphaDEX Fund (FYX) has a higher volatility of 5.24% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that FYX'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.
Loading charts...
Volatility by Period
| FYX | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.24% | 0.08% | +5.16% |
Volatility (6M)Calculated over the trailing 6-month period | 12.33% | 0.19% | +12.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.42% | 0.27% | +18.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.98% | 0.40% | +21.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.23% | 0.78% | +23.45% |
FYX vs. USFR - Expense Ratio Comparison
FYX has a 0.63% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
FYX vs. USFR - Dividend Comparison
FYX's dividend yield for the trailing twelve months is around 0.67%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FYX First Trust Small Cap Core AlphaDEX Fund | 0.67% | 0.64% | 1.62% | 1.22% | 0.95% | 0.99% | 0.65% | 1.12% | 1.08% | 0.60% | 0.94% | 0.88% |
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
FYX 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.
FYX has higher volatility (5.24%) compared to USFR (0.08%). In terms of maximum drawdown, FYX dropped -61.80% vs USFR's -1.36%.
On 10-year performance, FYX leads with 12.73% vs 2.42% 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, FYX has performed better with a 12.73% return vs 2.42%. 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 0.63% for FYX.
USFR has the higher dividend yield at 3.91%, compared with 0.67% for FYX.
FYX is categorized as Small Cap Blend Equities, while USFR is Government Bonds. FYX tracks Nasdaq AlphaDEX Small Cap Core 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: 0.63% for FYX and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.77 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.
Find the right allocation for FYX and USFR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer