INMU vs. USFR
INMU (BlackRock Intermediate Muni Income Bond ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - INMU is a Municipal Bonds fund actively managed by BlackRock, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. INMU is actively managed, while USFR is passively managed. Over the past 5 years, INMU returned 1.78%/yr vs 3.66%/yr for USFR. At a 0.03 correlation, their price movements are largely independent. INMU charges 0.30%/yr vs 0.15%/yr for USFR.
Performance
INMU vs. USFR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, INMU achieves a 1.73% return, which is significantly higher than USFR's 1.60% return.
INMU
- 1D
- 0.00%
- 1M
- 0.57%
- YTD
- 1.73%
- 6M
- 1.98%
- 1Y
- 7.17%
- 3Y*
- 4.89%
- 5Y*
- 1.78%
- 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%
INMU vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
INMU BlackRock Intermediate Muni Income Bond ETF | 1.73% | 5.52% | 2.77% | 6.50% | -7.78% | 2.84% |
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% |
Correlation
The correlation between INMU and USFR is -0.05, 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 | -0.05 |
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 Mar 19, 2021 | 0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
INMU vs. USFR — Risk / Return Rank
INMU
USFR
INMU vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Intermediate Muni Income Bond ETF (INMU) 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.
| INMU | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.24 | ||
| Sortino ratioReturn per unit of downside risk | -46.42 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 13.43 | -11.78 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 203.42 | -200.63 |
| Martin ratioReturn relative to average drawdown | 9.53 | 787.84 | -778.31 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| INMU | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.87 | 15.11 | -12.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 9.26 | -8.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 3.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 1.60 | -1.01 |
Drawdowns
INMU vs. USFR - Drawdown Comparison
The maximum INMU drawdown since its inception was -10.67%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for INMU and USFR.
Loading charts...
Drawdown Indicators
| INMU | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.67% | -1.36% | -9.31% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -0.02% | -2.56% |
Max Drawdown (3Y)Largest decline over 3 years | -4.88% | -0.06% | -4.82% |
Max Drawdown (5Y)Largest decline over 5 years | -10.67% | -0.18% | -10.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -0.66% | 0.00% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -2.81% | -0.16% | -2.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.75% | 0.01% | +0.74% |
Volatility
INMU vs. USFR - Volatility Comparison
BlackRock Intermediate Muni Income Bond ETF (INMU) has a higher volatility of 0.81% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that INMU'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.
Loading charts...
Volatility by Period
| INMU | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.06% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 0.18% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 0.27% | +2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 0.40% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.54% | 0.81% | +2.73% |
INMU vs. USFR - Expense Ratio Comparison
INMU has a 0.30% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
INMU vs. USFR - Dividend Comparison
INMU's dividend yield for the trailing twelve months is around 3.36%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
INMU BlackRock Intermediate Muni Income Bond ETF | 3.36% | 3.48% | 3.47% | 3.44% | 1.92% | 1.14% | 0.00% | 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
INMU and USFR have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INMU has higher volatility (0.81%) compared to USFR (0.06%). In terms of maximum drawdown, INMU dropped -10.67% vs USFR's -1.36%.
On 5-year performance, USFR leads with 3.66% vs 1.78% for INMU. 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 5-year period, USFR has performed better with a 3.66% return vs 1.78%. 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 0.30% for INMU.
USFR has the higher dividend yield at 3.91%, compared with 3.36% for INMU.
INMU is categorized as Municipal Bonds, while USFR is Government Bonds. They also come from different issuers: BlackRock and WisdomTree. Their fees differ too: 0.30% for INMU and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.11 vs 2.87), 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.
Find the right allocation for INMU and USFR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer