NTSE vs. USFR
NTSE (WisdomTree Emerging Markets Efficient Core Fund) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - NTSE is a Diversified Portfolio fund actively managed by WisdomTree, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. NTSE is actively managed, while USFR is passively managed. Over the past 5 years, NTSE returned 6.15%/yr vs 3.66%/yr for USFR. At a correlation of -0.01, they often move in opposite directions. NTSE charges 0.38%/yr vs 0.15%/yr for USFR.
Performance
NTSE vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, NTSE achieves a 30.29% return, which is significantly higher than USFR's 1.60% return.
NTSE
- 1D
- -1.31%
- 1M
- 7.69%
- YTD
- 30.29%
- 6M
- 33.64%
- 1Y
- 59.40%
- 3Y*
- 24.55%
- 5Y*
- 6.15%
- 10Y*
- —
USFR
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.60%
- 6M
- 1.96%
- 1Y
- 4.01%
- 3Y*
- 4.76%
- 5Y*
- 3.66%
- 10Y*
- 2.47%
NTSE vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NTSE WisdomTree Emerging Markets Efficient Core Fund | 30.29% | 36.29% | 4.42% | 9.47% | -26.31% | -5.66% |
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 4.23% | 5.47% | 5.18% | 1.98% | -0.07% |
Correlation
The correlation between NTSE and USFR is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 21, 2021 | -0.01 |
The correlation between NTSE and USFR shifts across timeframes, from -0.14 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
NTSE vs. USFR — Risk / Return Rank
NTSE
USFR
NTSE vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Efficient Core Fund (NTSE) 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.
| NTSE | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.13 | ||
| Sortino ratioReturn per unit of downside risk | -46.56 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 13.37 | -11.84 |
| Calmar ratioReturn relative to maximum drawdown | 4.21 | 202.38 | -198.17 |
| Martin ratioReturn relative to average drawdown | 16.27 | 783.80 | -767.53 |
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
| NTSE | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.88 | 15.01 | -12.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 9.25 | -8.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 3.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 1.60 | -1.23 |
Drawdowns
NTSE vs. USFR - Drawdown Comparison
The maximum NTSE drawdown since its inception was -42.84%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for NTSE and USFR.
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Drawdown Indicators
| NTSE | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.84% | -1.36% | -41.48% |
Max Drawdown (1Y)Largest decline over 1 year | -14.20% | -0.02% | -14.18% |
Max Drawdown (3Y)Largest decline over 3 years | -18.73% | -0.06% | -18.67% |
Max Drawdown (5Y)Largest decline over 5 years | -42.84% | -0.18% | -42.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -2.47% | 0.00% | -2.47% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -0.16% | -19.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 0.01% | +3.65% |
Volatility
NTSE vs. USFR - Volatility Comparison
WisdomTree Emerging Markets Efficient Core Fund (NTSE) has a higher volatility of 9.12% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that NTSE'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
| NTSE | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.12% | 0.06% | +9.06% |
Volatility (6M)Calculated over the trailing 6-month period | 18.25% | 0.18% | +18.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.79% | 0.27% | +20.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 0.40% | +18.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.24% | 0.81% | +18.43% |
NTSE vs. USFR - Expense Ratio Comparison
NTSE has a 0.38% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
NTSE vs. USFR - Dividend Comparison
NTSE's dividend yield for the trailing twelve months is around 2.54%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NTSE WisdomTree Emerging Markets Efficient Core Fund | 2.54% | 3.35% | 3.23% | 2.44% | 3.22% | 2.10% | 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
NTSE and USFR have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTSE has higher volatility (9.12%) compared to USFR (0.06%). In terms of maximum drawdown, NTSE dropped -42.84% vs USFR's -1.36%.
On 5-year performance, NTSE leads with 6.15% vs 3.66% 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 5-year period, NTSE has performed better with a 6.15% return vs 3.66%. 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 0.38% for NTSE.
USFR has the higher dividend yield at 3.91%, compared with 2.54% for NTSE.
NTSE is categorized as Diversified Portfolio, while USFR is Government Bonds. Their fees differ too: 0.38% for NTSE and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.01 vs 2.88), 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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