GNMA vs. USFR
Compare and contrast key facts about iShares GNMA Bond ETF (GNMA) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
GNMA and USFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GNMA is a passively managed fund by iShares that tracks the performance of the Barclays Capital GNMA Index. It was launched on Feb 14, 2012. 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 GNMA 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: GNMA or USFR.
Key characteristics
| GNMA | USFR | |
|---|---|---|
| YTD Return | 2.03% | 4.69% |
| 1Y Return | 9.18% | 5.30% |
| 3Y Return (Ann) | -1.60% | 3.92% |
| 5Y Return (Ann) | -0.48% | 2.50% |
| 10Y Return (Ann) | 0.81% | 2.39% |
| Sharpe Ratio | 1.21 | 14.83 |
| Sortino Ratio | 1.76 | 53.53 |
| Omega Ratio | 1.21 | 12.75 |
| Calmar Ratio | 0.57 | 89.99 |
| Martin Ratio | 4.44 | 732.54 |
| Ulcer Index | 1.83% | 0.01% |
| Daily Std Dev | 6.69% | 0.36% |
| Max Drawdown | -17.09% | -1.36% |
| Current Drawdown | -6.50% | 0.00% |
Correlation
The correlation between GNMA and USFR is 0.02, 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
GNMA vs. USFR - Performance Comparison
In the year-to-date period, GNMA achieves a 2.03% return, which is significantly lower than USFR's 4.69% return. Over the past 10 years, GNMA has underperformed USFR with an annualized return of 0.81%, while USFR has yielded a comparatively higher 2.39% annualized 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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GNMA vs. USFR - Expense Ratio Comparison
Both GNMA and USFR have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
GNMA vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares GNMA Bond ETF (GNMA) 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
GNMA vs. USFR - Dividend Comparison
GNMA's dividend yield for the trailing twelve months is around 4.04%, less than USFR's 5.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GNMA iShares GNMA Bond ETF | 4.04% | 3.43% | 2.01% | 0.64% | 1.89% | 2.62% | 2.41% | 2.14% | 1.89% | 1.50% | 1.22% | 1.06% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.30% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% | 0.00% | 0.00% | 0.00% |
Drawdowns
GNMA vs. USFR - Drawdown Comparison
The maximum GNMA drawdown since its inception was -17.09%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for GNMA and USFR. For additional features, visit the drawdowns tool.
Volatility
GNMA vs. USFR - Volatility Comparison
iShares GNMA Bond ETF (GNMA) has a higher volatility of 1.94% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that GNMA'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.