KNRG vs. USFR
KNRG (Simplify Kayne Anderson Energy and Infrastructure Credit ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - KNRG is a Nontraditional Bonds fund actively managed by Simplify, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. KNRG is actively managed, while USFR is passively managed. Over the past year, KNRG returned 9.32% vs 4.03% for USFR. At a correlation of -0.09, they often move in opposite directions. KNRG charges 0.76%/yr vs 0.15%/yr for USFR.
Performance
KNRG vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, KNRG achieves a 2.38% return, which is significantly higher than USFR's 1.60% return.
KNRG
- 1D
- -0.13%
- 1M
- 0.47%
- YTD
- 2.38%
- 6M
- 2.49%
- 1Y
- 9.32%
- 3Y*
- —
- 5Y*
- —
- 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%
KNRG vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KNRG Simplify Kayne Anderson Energy and Infrastructure Credit ETF | 2.38% | 7.33% |
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 2.43% |
Correlation
The correlation between KNRG and USFR is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since May 29, 2025 | -0.09 |
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Return for Risk
KNRG vs. USFR — Risk / Return Rank
KNRG
USFR
KNRG vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) 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.
| KNRG | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.45 | ||
| Sortino ratioReturn per unit of downside risk | -46.65 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 13.43 | -11.87 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 203.42 | -199.96 |
| Martin ratioReturn relative to average drawdown | 16.11 | 787.84 | -771.72 |
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
| KNRG | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.66 | 15.11 | -12.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 9.26 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 3.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.77 | 1.60 | +1.17 |
Drawdowns
KNRG vs. USFR - Drawdown Comparison
The maximum KNRG drawdown since its inception was -2.71%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for KNRG and USFR.
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Drawdown Indicators
| KNRG | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.71% | -1.36% | -1.35% |
Max Drawdown (1Y)Largest decline over 1 year | -2.71% | -0.02% | -2.69% |
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 | -0.13% | 0.00% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -0.34% | -0.16% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.58% | 0.01% | +0.57% |
Volatility
KNRG vs. USFR - Volatility Comparison
Simplify Kayne Anderson Energy and Infrastructure Credit ETF (KNRG) has a higher volatility of 0.74% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that KNRG'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
| KNRG | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.74% | 0.06% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.17% | 0.18% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 0.27% | +3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.53% | 0.40% | +3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.53% | 0.81% | +2.72% |
KNRG vs. USFR - Expense Ratio Comparison
KNRG has a 0.76% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
KNRG vs. USFR - Dividend Comparison
KNRG's dividend yield for the trailing twelve months is around 6.95%, more than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
KNRG Simplify Kayne Anderson Energy and Infrastructure Credit ETF | 6.95% | 4.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Floating Rate Treasury Fund | 3.91% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
KNRG and USFR have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KNRG has higher volatility (0.74%) compared to USFR (0.06%). In terms of maximum drawdown, KNRG dropped -2.71% vs USFR's -1.36%.
On 1-year performance, KNRG leads with 9.32% vs 4.03% for USFR. 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 1-year period, KNRG has performed better with a 9.32% return vs 4.03%. 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 0.76% for KNRG.
KNRG has the higher dividend yield at 6.95%, compared with 3.91% for USFR.
KNRG is categorized as Nontraditional Bonds, while USFR is Government Bonds. They also come from different issuers: Simplify and WisdomTree. Their fees differ too: 0.76% for KNRG and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.11 vs 2.66), 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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