MIST.L vs. USFR.L
MIST.L (PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc)) and USFR.L (WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD) are both exchange-traded funds - MIST.L is a Ultrashort Bond fund actively managed by PIMCO, while USFR.L is a Government Bonds fund tracking the Bloomberg US Treasury Floating Rate Bond Index. MIST.L is actively managed, while USFR.L is passively managed. Over the past 5 years, MIST.L returned 3.14%/yr vs 4.36%/yr for USFR.L. At a correlation of -0.04, they often move in opposite directions. MIST.L charges 0.40%/yr vs 0.15%/yr for USFR.L.
Performance
MIST.L vs. USFR.L - Performance Comparison
Loading charts...
Different Trading Currencies
MIST.L is traded in GBP, while USFR.L is traded in USD. To make them comparable, the USFR.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, MIST.L achieves a 2.23% return, which is significantly lower than USFR.L's 2.97% return.
MIST.L
- 1D
- 0.00%
- 1M
- 0.32%
- 6M
- 2.04%
- YTD
- 2.23%
- 1Y
- 4.34%
- 3Y*
- 5.04%
- 5Y*
- 3.14%
- 10Y*
- —
USFR.L
- 1D
- 0.00%
- 1M
- -0.07%
- 6M
- 2.06%
- YTD
- 2.97%
- 1Y
- 4.37%
- 3Y*
- 3.82%
- 5Y*
- 4.36%
- 10Y*
- —
MIST.L vs. USFR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MIST.L PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) | 2.23% | 4.61% | 5.53% | 5.01% | -1.12% | -0.36% | 0.63% | 0.28% |
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD | 3.15% | -3.25% | 7.31% | -0.29% | 14.19% | 0.79% | -2.38% | -5.38% |
Correlation
The correlation between MIST.L and USFR.L is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 25, 2019 | -0.04 |
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
MIST.L vs. USFR.L — Risk / Return Rank
MIST.L
USFR.L
MIST.L vs. USFR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) (MIST.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.
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.
| MIST.L | USFR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +10.95 | ||
| Sortino ratioReturn per unit of downside risk | +34.41 | ||
| Omega ratioGain probability vs. loss probability | 7.17 | 1.11 | +6.06 |
| Calmar ratioReturn relative to maximum drawdown | 101.64 | 0.86 | +100.78 |
| Martin ratioReturn relative to average drawdown | 493.90 | 2.31 | +491.59 |
Loading charts...
Drawdowns
MIST.L vs. USFR.L - Drawdown Comparison
The maximum MIST.L drawdown since its inception was -3.70%, smaller than the maximum USFR.L drawdown of -18.16%. Use the drawdown chart below to compare losses from any high point for MIST.L and USFR.L.
Loading charts...
Drawdown Indicators
| MIST.L | USFR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.70% | -18.16% | +14.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -5.07% | +5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -0.20% | -10.12% | +9.92% |
Max Drawdown (5Y)Largest decline over 5 years | -2.45% | -15.71% | +13.26% |
Current DrawdownCurrent decline from peak | 0.00% | -4.89% | +4.89% |
Average DrawdownAverage peak-to-trough decline | -0.38% | -8.83% | +8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.89% | -1.88% |
Volatility
MIST.L vs. USFR.L - Volatility Comparison
The current volatility for PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) (MIST.L) is 0.10%, while WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L) has a volatility of 1.93%. This indicates that MIST.L experiences smaller price fluctuations and is considered to be less risky than USFR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MIST.L | USFR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 1.93% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 0.28% | 5.24% | -4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.38% | 6.88% | -6.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.58% | 8.91% | -8.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.98% | 9.06% | -8.08% |
MIST.L vs. USFR.L - Expense Ratio Comparison
MIST.L has a 0.40% expense ratio, which is higher than USFR.L's 0.15% expense ratio.
Dividends
MIST.L vs. USFR.L - Dividend Comparison
MIST.L has not paid dividends to shareholders, while USFR.L's dividend yield for the trailing twelve months is around 4.73%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
MIST.L PIMCO US Dollar Short Maturity UCITS ETF GBP Hedged (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD | 4.73% | 4.32% | 5.24% | 4.58% | 0.78% | 0.00% | 0.57% | 1.09% |
Frequently Asked Questions
MIST.L and USFR.L have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USFR.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USFR.L is cheaper with a 0.15% expense ratio, compared with 0.40% for MIST.L.
MIST.L is categorized as Ultrashort Bond, while USFR.L is Government Bonds. They also come from different issuers: PIMCO and WisdomTree. Their fees differ too: 0.40% for MIST.L and 0.15% for USFR.L.
Find the right allocation for MIST.L and USFR.L
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