IBTK vs. USFR
IBTK (iShares iBonds Dec 2030 Term Treasury ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both Government Bonds funds - IBTK tracks the ICE 2030 Maturity US Treasury Index while USFR tracks the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 5 years, IBTK returned -0.54%/yr vs 3.66%/yr for USFR. At a 0.01 correlation, their price movements are largely independent. IBTK charges 0.07%/yr vs 0.15%/yr for USFR.
Performance
IBTK vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, IBTK achieves a -0.34% return, which is significantly lower than USFR's 1.60% return.
IBTK
- 1D
- -0.13%
- 1M
- -0.14%
- YTD
- -0.34%
- 6M
- -0.40%
- 1Y
- 3.46%
- 3Y*
- 3.17%
- 5Y*
- -0.54%
- 10Y*
- —
USFR
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.60%
- 6M
- 1.98%
- 1Y
- 4.03%
- 3Y*
- 4.76%
- 5Y*
- 3.66%
- 10Y*
- 2.47%
IBTK vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTK iShares iBonds Dec 2030 Term Treasury ETF | -0.34% | 7.41% | 1.18% | 4.05% | -14.71% | -3.76% | -1.90% |
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.02% |
Correlation
The correlation between IBTK and USFR is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 21, 2020 | 0.01 |
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Return for Risk
IBTK vs. USFR — Risk / Return Rank
IBTK
USFR
IBTK vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2030 Term Treasury ETF (IBTK) 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.
| IBTK | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.98 | ||
| Sortino ratioReturn per unit of downside risk | -48.91 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 13.43 | -12.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 203.42 | -201.91 |
| Martin ratioReturn relative to average drawdown | 4.39 | 787.84 | -783.45 |
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
| IBTK | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 15.11 | -13.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 9.26 | -9.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 3.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 1.60 | -1.85 |
Drawdowns
IBTK vs. USFR - Drawdown Comparison
The maximum IBTK drawdown since its inception was -22.84%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for IBTK and USFR.
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Drawdown Indicators
| IBTK | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.84% | -1.36% | -21.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.31% | -0.02% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -0.06% | -5.99% |
Max Drawdown (5Y)Largest decline over 5 years | -19.22% | -0.18% | -19.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -9.87% | 0.00% | -9.87% |
Average DrawdownAverage peak-to-trough decline | -12.57% | -0.16% | -12.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 0.01% | +0.78% |
Volatility
IBTK vs. USFR - Volatility Comparison
iShares iBonds Dec 2030 Term Treasury ETF (IBTK) has a higher volatility of 0.87% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that IBTK'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
| IBTK | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 0.06% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 2.03% | 0.18% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.07% | 0.27% | +2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.78% | 0.40% | +6.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.57% | 0.81% | +5.76% |
IBTK vs. USFR - Expense Ratio Comparison
IBTK has a 0.07% 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%.
Dividends
IBTK vs. USFR - Dividend Comparison
IBTK's dividend yield for the trailing twelve months is around 3.80%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBTK iShares iBonds Dec 2030 Term Treasury ETF | 3.80% | 3.79% | 3.93% | 3.05% | 2.27% | 0.84% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
IBTK and USFR have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBTK has higher volatility (0.87%) compared to USFR (0.06%). In terms of maximum drawdown, IBTK dropped -22.84% vs USFR's -1.36%.
On 5-year performance, USFR leads with 3.66% vs -0.54% for IBTK. On fees, IBTK is cheaper at 0.07% 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 5-year period, USFR has performed better with a 3.66% return vs -0.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBTK is cheaper with a 0.07% expense ratio, compared with 0.15% for USFR.
USFR has the higher dividend yield at 3.91%, compared with 3.80% for IBTK.
IBTK tracks ICE 2030 Maturity US Treasury Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.07% for IBTK and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.11 vs 1.13), 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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