HON vs. USFR
HON (Honeywell International Inc) is a stock, while USFR (WisdomTree Floating Rate Treasury Fund) is Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Over the past 10 years, HON returned 9.27%/yr vs 2.50%/yr for USFR. At a 0.01 correlation, their price movements are largely independent.
Performance
HON vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, HON achieves a 9.98% return, which is significantly higher than USFR's 2.07% return. Over the past 10 years, HON has outperformed USFR with an annualized return of 9.27%, while USFR has yielded a comparatively lower 2.50% annualized return.
HON
- 1D
- 0.19%
- 1M
- -3.62%
- 6M
- 2.03%
- YTD
- 9.98%
- 1Y
- -3.30%
- 3Y*
- 5.24%
- 5Y*
- 1.43%
- 10Y*
- 9.27%
USFR
- 1D
- 0.02%
- 1M
- 0.34%
- 6M
- 1.94%
- YTD
- 2.07%
- 1Y
- 4.00%
- 3Y*
- 4.72%
- 5Y*
- 3.76%
- 10Y*
- 2.50%
HON vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HON Honeywell International Inc | 9.98% | -6.37% | 10.02% | 0.02% | 4.90% | -0.29% | 22.97% | 36.70% | -8.27% | 35.10% |
USFR WisdomTree Floating Rate Treasury Fund | 2.07% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between HON and USFR is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
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 4, 2014 | 0.01 |
The correlation between HON and USFR shifts across timeframes, from -0.14 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HON vs. USFR — Risk / Return Rank
HON
USFR
HON vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Honeywell International Inc (HON) 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.
| HON | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.06 | ||
| Sortino ratioReturn per unit of downside risk | -51.92 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 14.15 | -13.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 201.66 | -201.86 |
| Martin ratioReturn relative to average drawdown | -0.33 | 805.42 | -805.76 |
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Drawdowns
HON vs. USFR - Drawdown Comparison
The maximum HON drawdown since its inception was -70.09%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for HON and USFR.
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Drawdown Indicators
| HON | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.09% | -1.36% | -68.73% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -0.02% | -16.52% |
Max Drawdown (3Y)Largest decline over 3 years | -22.10% | -0.06% | -22.04% |
Max Drawdown (5Y)Largest decline over 5 years | -27.13% | -0.18% | -26.95% |
Max Drawdown (10Y)Largest decline over 10 years | -43.01% | -0.80% | -42.21% |
Current DrawdownCurrent decline from peak | -13.93% | 0.00% | -13.93% |
Average DrawdownAverage peak-to-trough decline | -20.26% | -0.15% | -20.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.93% | 0.00% | +9.93% |
Volatility
HON vs. USFR - Volatility Comparison
Honeywell International Inc (HON) has a higher volatility of 10.56% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.07%. This indicates that HON'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
| HON | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.56% | 0.07% | +10.49% |
Volatility (6M)Calculated over the trailing 6-month period | 20.75% | 0.19% | +20.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.79% | 0.27% | +25.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 0.39% | +21.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.81% | 0.77% | +23.04% |
Dividends
HON vs. USFR - Dividend Comparison
HON's dividend yield for the trailing twelve months is around 2.18%, less than USFR's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HON Honeywell International Inc | 2.18% | 2.25% | 1.93% | 1.99% | 1.85% | 1.81% | 1.71% | 1.90% | 2.24% | 1.79% | 2.11% | 2.07% |
USFR WisdomTree Floating Rate Treasury Fund | 3.83% | 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
HON and USFR have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HON has higher volatility (10.56%) compared to USFR (0.07%). In terms of maximum drawdown, HON dropped -70.09% vs USFR's -1.36%.
USFR currently has the higher Sharpe Ratio (14.93 vs -0.13), 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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