ITDD vs. USFR
ITDD (Ishares Lifepath Target Date 2040 ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - ITDD is a Target Retirement Date fund actively managed by iShares, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. ITDD is actively managed, while USFR is passively managed. Over the past year, ITDD returned 22.55% vs 3.97% for USFR. At a correlation of -0.05, they often move in opposite directions. ITDD charges 0.11%/yr vs 0.15%/yr for USFR.
Performance
ITDD vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, ITDD achieves a 9.45% return, which is significantly higher than USFR's 1.78% return.
ITDD
- 1D
- -0.16%
- 1M
- 1.33%
- YTD
- 9.45%
- 6M
- 9.21%
- 1Y
- 22.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.78%
- 6M
- 1.89%
- 1Y
- 3.97%
- 3Y*
- 4.72%
- 5Y*
- 3.70%
- 10Y*
- 2.43%
ITDD vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ITDD Ishares Lifepath Target Date 2040 ETF | 9.45% | 17.66% | 13.08% | 12.87% |
USFR WisdomTree Floating Rate Treasury Fund | 1.78% | 4.23% | 5.47% | 0.98% |
Correlation
The correlation between ITDD and USFR is -0.12, 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 | -0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2023 | -0.05 |
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Return for Risk
ITDD vs. USFR — Risk / Return Rank
ITDD
USFR
ITDD vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ishares Lifepath Target Date 2040 ETF (ITDD) 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.
| ITDD | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.44 | ||
| Sortino ratioReturn per unit of downside risk | -46.79 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 13.24 | -11.84 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 200.29 | -197.30 |
| Martin ratioReturn relative to average drawdown | 12.90 | 775.73 | -762.84 |
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Drawdowns
ITDD vs. USFR - Drawdown Comparison
The maximum ITDD drawdown since its inception was -12.46%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for ITDD and USFR.
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Drawdown Indicators
| ITDD | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.46% | -1.36% | -11.10% |
Max Drawdown (1Y)Largest decline over 1 year | -7.56% | -0.02% | -7.54% |
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 | -0.37% | 0.00% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -1.25% | -0.15% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 0.01% | +1.74% |
Volatility
ITDD vs. USFR - Volatility Comparison
Ishares Lifepath Target Date 2040 ETF (ITDD) has a higher volatility of 3.86% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that ITDD'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
| ITDD | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 0.08% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 0.19% | +8.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.25% | 0.27% | +9.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.54% | 0.40% | +11.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.54% | 0.78% | +10.76% |
ITDD vs. USFR - Expense Ratio Comparison
ITDD has a 0.11% 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
ITDD vs. USFR - Dividend Comparison
ITDD's dividend yield for the trailing twelve months is around 1.67%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ITDD Ishares Lifepath Target Date 2040 ETF | 1.67% | 1.82% | 1.56% | 0.89% | 0.00% | 0.00% | 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
ITDD and USFR have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITDD has higher volatility (3.86%) compared to USFR (0.08%). In terms of maximum drawdown, ITDD dropped -12.46% vs USFR's -1.36%.
On 1-year performance, ITDD leads with 22.55% vs 3.97% for USFR. On fees, ITDD is cheaper at 0.11% per year. On volatility, USFR has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ITDD has performed better with a 22.55% return vs 3.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITDD is cheaper with a 0.11% expense ratio, compared with 0.15% for USFR.
USFR has the higher dividend yield at 3.91%, compared with 1.67% for ITDD.
ITDD is categorized as Target Retirement Date, while USFR is Government Bonds. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.11% for ITDD and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.65 vs 2.21), 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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