GBIL vs. USFR
Compare and contrast key facts about Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
GBIL and USFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBIL is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE US Treasury 0-1 Year Composite Select Index. It was launched on Sep 6, 2016. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014. Both GBIL and USFR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBIL or USFR.
Key characteristics
| GBIL | USFR | |
|---|---|---|
| YTD Return | 1.71% | 2.10% |
| 1Y Return | 5.15% | 5.51% |
| 3Y Return (Ann) | 2.52% | 3.07% |
| 5Y Return (Ann) | 1.96% | 2.18% |
| Sharpe Ratio | 4.63 | 15.00 |
| Daily Std Dev | 1.11% | 0.37% |
| Max Drawdown | -0.76% | -1.36% |
| Current Drawdown | -0.26% | 0.00% |
Correlation
The correlation between GBIL and USFR is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GBIL vs. USFR - Performance Comparison
In the year-to-date period, GBIL achieves a 1.71% return, which is significantly lower than USFR's 2.10% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GBIL vs. USFR - Expense Ratio Comparison
GBIL has a 0.12% expense ratio, which is lower than USFR's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
GBIL vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and WisdomTree Bloomberg 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.
Dividends
GBIL vs. USFR - Dividend Comparison
GBIL's dividend yield for the trailing twelve months is around 5.06%, less than USFR's 5.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 5.06% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.34% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Drawdowns
GBIL vs. USFR - Drawdown Comparison
The maximum GBIL drawdown since its inception was -0.76%, smaller than the maximum USFR drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for GBIL and USFR. For additional features, visit the drawdowns tool.
Volatility
GBIL vs. USFR - Volatility Comparison
The current volatility for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is 0.08%, while WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) has a volatility of 0.10%. This indicates that GBIL experiences smaller price fluctuations and is considered to be less risky than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.