KYLD vs. USFR

Last updated Jun 23, 2026

KYLD (Kurv High Income ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - KYLD is a Derivative Income fund actively managed by Kurv, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. KYLD is actively managed, while USFR is passively managed. At a correlation of -0.12, they often move in opposite directions. KYLD charges 1.00%/yr vs 0.15%/yr for USFR.

Performance

KYLD vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Kurv High Income ETF (KYLD) and WisdomTree Floating Rate Treasury Fund (USFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KYLD achieves a 23.42% return, which is significantly higher than USFR's 1.78% return.

KYLD

• 1D: 0.98%
• 1M: 9.57%
• YTD: 23.42%
• 6M: 19.64%
• 1Y: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

KYLD vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025
KYLD Kurv High Income ETF	23.42%	-11.41%
USFR WisdomTree Floating Rate Treasury Fund	1.78%	0.76%

Correlation

The correlation between KYLD 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 (All Time) Calculated using the full available price history since Oct 31, 2025	-0.12

Return for Risk

KYLD vs. USFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KYLD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

USFR

USFR Risk / Return Rank: 100
USFR Sharpe Ratio Rank: 100
USFR Sortino Ratio Rank: 100
USFR Omega Ratio Rank: 100
USFR Calmar Ratio Rank: 100
USFR Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KYLD vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kurv High Income ETF (KYLD) 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.

	KYLD	USFR	Difference
Sharpe ratio: Return per unit of total volatility	—	14.65	—
Sortino ratio: Return per unit of downside risk	—	49.88	—
Omega ratio: Gain probability vs. loss probability	—	13.24	—
Calmar ratio: Return relative to maximum drawdown	—	200.29	—
Martin ratio: Return relative to average drawdown	—	775.73	—

Drawdowns

KYLD vs. USFR - Drawdown Comparison

The maximum KYLD drawdown since its inception was -21.14%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for KYLD and USFR.

Drawdown Indicators

	KYLD	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-21.14%	-1.36%	-19.78%
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 Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-8.44%	-0.15%	-8.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	KYLD	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	33.12%	0.27%	+32.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.12%	0.40%	+32.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.12%	0.78%	+32.34%

KYLD vs. USFR - Expense Ratio Comparison

KYLD has a 1.00% expense ratio, which is higher than USFR's 0.15% expense ratio.

Dividends

KYLD vs. USFR - Dividend Comparison

KYLD's dividend yield for the trailing twelve months is around 17.36%, more than USFR's 3.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
KYLD Kurv High Income ETF	17.36%	6.14%	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

Can I hold both KYLD and USFR in my portfolio?

KYLD 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.

Which ETF is better, KYLD or USFR?

On fees, USFR is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KYLD or USFR?

USFR is cheaper with a 0.15% expense ratio, compared with 1.00% for KYLD.

Which ETF pays a higher dividend yield, KYLD or USFR?

KYLD has the higher dividend yield at 17.36%, compared with 3.91% for USFR.

What is the main difference between KYLD and USFR?

KYLD is categorized as Derivative Income, while USFR is Government Bonds. They also come from different issuers: Kurv and WisdomTree. Their fees differ too: 1.00% for KYLD and 0.15% for USFR.