LUTR.L vs. USFR.L
LUTR.L (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and USFR.L (WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD) are both Government Bonds funds - LUTR.L tracks the Bloomberg US Treasury 10+ Year Index while USFR.L tracks the Bloomberg US Treasury Floating Rate Bond Index. Both are passively managed. Over the past 5 years, LUTR.L returned -5.27%/yr vs 3.58%/yr for USFR.L. At a 0.01 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
LUTR.L vs. USFR.L - Performance Comparison
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Returns By Period
In the year-to-date period, LUTR.L achieves a -1.19% return, which is significantly lower than USFR.L's 1.58% return.
LUTR.L
- 1D
- -0.47%
- 1M
- -0.07%
- YTD
- -1.19%
- 6M
- -1.45%
- 1Y
- 4.97%
- 3Y*
- -0.81%
- 5Y*
- -5.27%
- 10Y*
- -1.02%
USFR.L
- 1D
- 0.04%
- 1M
- 0.49%
- YTD
- 1.58%
- 6M
- 1.92%
- 1Y
- 4.05%
- 3Y*
- 4.74%
- 5Y*
- 3.58%
- 10Y*
- —
LUTR.L vs. USFR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LUTR.L SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | -1.19% | 5.48% | -5.76% | 2.50% | -28.88% | -4.85% | 16.61% | 11.20% |
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD | 1.58% | 4.13% | 5.41% | 4.94% | 2.05% | -0.16% | 0.57% | 1.47% |
Correlation
The correlation between LUTR.L and USFR.L 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 (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2019 | 0.01 |
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Return for Risk
LUTR.L vs. USFR.L — Risk / Return Rank
LUTR.L
USFR.L
LUTR.L vs. USFR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.L) and WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L). 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.
| LUTR.L | USFR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.12 | ||
| Sortino ratioReturn per unit of downside risk | -5.27 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.95 | -0.85 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | 15.06 | -14.35 |
| Martin ratioReturn relative to average drawdown | 1.89 | 59.45 | -57.55 |
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
| LUTR.L | USFR.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 3.68 | -3.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | 2.39 | -2.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.08 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 1.51 | -1.57 |
Drawdowns
LUTR.L vs. USFR.L - Drawdown Comparison
The maximum LUTR.L drawdown since its inception was -46.52%, which is greater than USFR.L's maximum drawdown of -2.99%. Use the drawdown chart below to compare losses from any high point for LUTR.L and USFR.L.
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Drawdown Indicators
| LUTR.L | USFR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.52% | -2.99% | -43.53% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -0.27% | -6.74% |
Max Drawdown (3Y)Largest decline over 3 years | -17.06% | -0.89% | -16.17% |
Max Drawdown (5Y)Largest decline over 5 years | -40.30% | -0.89% | -39.41% |
Max Drawdown (10Y)Largest decline over 10 years | -46.52% | — | — |
Current DrawdownCurrent decline from peak | -37.75% | 0.00% | -37.75% |
Average DrawdownAverage peak-to-trough decline | -20.79% | -0.09% | -20.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 0.07% | +2.55% |
Volatility
LUTR.L vs. USFR.L - Volatility Comparison
SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (LUTR.L) has a higher volatility of 3.27% compared to WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L) at 0.32%. This indicates that LUTR.L's price experiences larger fluctuations and is considered to be riskier than USFR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LUTR.L | USFR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 0.32% | +2.95% |
Volatility (6M)Calculated over the trailing 6-month period | 6.15% | 0.86% | +5.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.85% | 1.10% | +7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 1.50% | +12.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.27% | 1.84% | +11.43% |
LUTR.L vs. USFR.L - Expense Ratio Comparison
Both LUTR.L and USFR.L have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
LUTR.L vs. USFR.L - Dividend Comparison
LUTR.L's dividend yield for the trailing twelve months is around 4.64%, more than USFR.L's 3.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
LUTR.L SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.64% | 4.40% | 4.22% | 3.13% | 2.56% | 1.72% | 1.91% | 3.60% | 2.49% | 2.61% | 1.14% |
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD | 3.99% | 4.32% | 5.24% | 4.58% | 0.78% | 0.00% | 0.57% | 1.09% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LUTR.L and USFR.L 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.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
LUTR.L and USFR.L have the same expense ratio: 0.15% per year.
LUTR.L tracks Bloomberg US Treasury 10+ Year Index, while USFR.L tracks Bloomberg US Treasury Floating Rate Bond Index. They also come from different issuers: State Street and WisdomTree.
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