HEDJ vs. USFR
HEDJ (WisdomTree Europe Hedged Equity Fund) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - HEDJ is a Europe Equities fund tracking the WisdomTree Europe Hedged Equity 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, HEDJ returned 10.77%/yr vs 2.47%/yr for USFR. At a 0.00 correlation, their price movements are largely independent. HEDJ charges 0.58%/yr vs 0.15%/yr for USFR.
Performance
HEDJ vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, HEDJ achieves a 7.31% return, which is significantly higher than USFR's 1.58% return. Over the past 10 years, HEDJ has outperformed USFR with an annualized return of 10.77%, while USFR has yielded a comparatively lower 2.47% annualized return.
HEDJ
- 1D
- 0.62%
- 1M
- 4.52%
- YTD
- 7.31%
- 6M
- 9.08%
- 1Y
- 16.42%
- 3Y*
- 14.75%
- 5Y*
- 11.26%
- 10Y*
- 10.77%
USFR
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.58%
- 6M
- 1.96%
- 1Y
- 3.99%
- 3Y*
- 4.75%
- 5Y*
- 3.67%
- 10Y*
- 2.47%
HEDJ vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HEDJ WisdomTree Europe Hedged Equity Fund | 7.31% | 23.55% | 5.28% | 26.89% | -10.09% | 23.54% | -3.35% | 27.50% | -9.27% | 13.51% |
USFR WisdomTree Floating Rate Treasury Fund | 1.58% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between HEDJ and USFR is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014 | 0.00 |
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Return for Risk
HEDJ vs. USFR — Risk / Return Rank
HEDJ
USFR
HEDJ vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Hedged Equity Fund (HEDJ) 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.
| HEDJ | USFR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 14.83 | -13.76 |
Sortino ratioReturn per unit of downside risk | 1.61 | 48.59 | -46.98 |
Omega ratioGain probability vs. loss probability | 1.20 | 12.58 | -11.38 |
Calmar ratioReturn relative to maximum drawdown | 1.43 | 203.63 | -202.20 |
Martin ratioReturn relative to average drawdown | 5.72 | 767.72 | -762.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HEDJ | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 14.83 | -13.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 9.27 | -8.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 3.07 | -2.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.60 | -1.12 |
Drawdowns
HEDJ vs. USFR - Drawdown Comparison
The maximum HEDJ drawdown since its inception was -38.18%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for HEDJ and USFR.
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Drawdown Indicators
| HEDJ | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.18% | -1.36% | -36.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.90% | -0.02% | -11.88% |
Max Drawdown (3Y)Largest decline over 3 years | -15.93% | -0.06% | -15.87% |
Max Drawdown (5Y)Largest decline over 5 years | -22.17% | -0.18% | -21.99% |
Max Drawdown (10Y)Largest decline over 10 years | -38.18% | -0.80% | -37.38% |
Current DrawdownCurrent decline from peak | -0.33% | 0.00% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -5.92% | -0.16% | -5.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 0.01% | +2.97% |
Volatility
HEDJ vs. USFR - Volatility Comparison
WisdomTree Europe Hedged Equity Fund (HEDJ) has a higher volatility of 5.89% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that HEDJ'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
| HEDJ | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 0.06% | +5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 12.49% | 0.18% | +12.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.41% | 0.27% | +15.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.75% | 0.40% | +16.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 0.81% | +17.60% |
HEDJ vs. USFR - Expense Ratio Comparison
HEDJ has a 0.58% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
HEDJ vs. USFR - Dividend Comparison
HEDJ's dividend yield for the trailing twelve months is around 1.52%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEDJ WisdomTree Europe Hedged Equity Fund | 1.52% | 1.63% | 3.28% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.74% | 9.43% |
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
HEDJ and USFR have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HEDJ has higher volatility (5.89%) compared to USFR (0.06%). In terms of maximum drawdown, HEDJ dropped -38.18% vs USFR's -1.36%.
On 10-year performance, HEDJ leads with 10.77% vs 2.47% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, HEDJ has performed better with a 10.77% return vs 2.47%. 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 0.58% for HEDJ.
USFR has the higher dividend yield at 3.91%, compared with 1.52% for HEDJ.
HEDJ is categorized as Europe Equities, while USFR is Government Bonds. HEDJ tracks WisdomTree Europe Hedged Equity Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. Their fees differ too: 0.58% for HEDJ and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.83 vs 1.07), 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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