IBTR vs. USFR
IBTR (iShares iBonds Dec 2036 Term Treasury ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both Government Bonds funds - IBTR tracks the ICE 2036 Maturity US Treasury Index while USFR tracks the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Their -0.02 correlation means they have often moved in opposite directions in the past. IBTR charges 0.07%/yr vs 0.15%/yr for USFR.
Performance
IBTR vs. USFR - Performance Comparison
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Returns By Period
IBTR
- 1D
- -0.38%
- 1M
- -1.56%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
USFR
- 1D
- 0.02%
- 1M
- 0.34%
- 6M
- 1.89%
- YTD
- 2.27%
- 1Y
- 3.95%
- 3Y*
- 4.69%
- 5Y*
- 3.81%
- 10Y*
- 2.48%
- ALL TIME*
- 1.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $481.12K | $362.65K | $277.01K | |
| $315.80M | $253.72M | $243.43M |
IBTR vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IBTR iShares iBonds Dec 2036 Term Treasury ETF | -1.13% |
USFR WisdomTree Floating Rate Treasury Fund | 1.38% |
Correlation
The correlation between IBTR and USFR is -0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | -0.02 |
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Return for Risk
IBTR vs. USFR — Risk / Return Rank
IBTR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USFR
IBTR vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2036 Term Treasury ETF (IBTR) 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.
| IBTR | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 14.07 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 200.37 | — |
| Martin ratioReturn relative to average drawdown | — | 800.42 | — |
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Drawdowns
IBTR vs. USFR - Drawdown Comparison
The maximum IBTR drawdown since its inception was -2.88%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for IBTR and USFR.
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Drawdown Indicators
| IBTR | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.88% | -1.36% | -1.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.02% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -2.36% | 0.00% | -2.36% |
Average DrawdownAverage peak-to-trough decline | -1.07% | -0.15% | -0.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
IBTR vs. USFR - Volatility Comparison
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Volatility by Period
| IBTR | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 0.27% | +5.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 0.39% | +4.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 0.76% | +4.52% |
IBTR vs. USFR - Expense Ratio Comparison
IBTR 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
IBTR vs. USFR - Dividend Comparison
IBTR's dividend yield for the trailing twelve months is around 1.01%, less than USFR's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBTR iShares iBonds Dec 2036 Term Treasury ETF | 1.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Floating Rate Treasury Fund | 3.79% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
IBTR 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.
On fees, IBTR is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTR is cheaper with a 0.07% expense ratio, compared with 0.15% for USFR.
USFR has the higher dividend yield at 3.79%, compared with 1.01% for IBTR.
IBTR tracks ICE 2036 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 IBTR and 0.15% for USFR.
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