QSML vs. USFR
QSML (Wisdomtree U.S. Smallcap Quality Growth Fund) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - QSML is a Small Cap Growth Equities fund tracking the WisdomTree US SmallCap Quality Growth Index - Benchmark TR Gross, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past year, QSML returned 21.62% vs 4.03% for USFR. At a correlation of -0.02, they often move in opposite directions. QSML charges 0.38%/yr vs 0.15%/yr for USFR.
Performance
QSML vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, QSML achieves a 8.06% return, which is significantly higher than USFR's 1.60% return.
QSML
- 1D
- -0.96%
- 1M
- 2.05%
- YTD
- 8.06%
- 6M
- 7.79%
- 1Y
- 21.62%
- 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%
QSML vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QSML Wisdomtree U.S. Smallcap Quality Growth Fund | 8.06% | 5.49% | 10.38% |
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 4.23% | 5.01% |
Correlation
The correlation between QSML 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 (All Time) Calculated using the full available price history since Jan 26, 2024 | -0.02 |
The correlation between QSML and USFR shifts across timeframes, from -0.14 (1 year) to -0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QSML vs. USFR — Risk / Return Rank
QSML
USFR
QSML vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) 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.
| QSML | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.86 | ||
| Sortino ratioReturn per unit of downside risk | -48.72 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 13.43 | -12.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | 203.42 | -201.39 |
| Martin ratioReturn relative to average drawdown | 6.71 | 787.84 | -781.13 |
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
| QSML | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 15.11 | -13.86 |
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 | 0.49 | 1.60 | -1.11 |
Drawdowns
QSML vs. USFR - Drawdown Comparison
The maximum QSML drawdown since its inception was -28.54%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for QSML and USFR.
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Drawdown Indicators
| QSML | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.54% | -1.36% | -27.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.72% | -0.02% | -10.70% |
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 | -1.10% | 0.00% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -0.16% | -5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 0.01% | +3.22% |
Volatility
QSML vs. USFR - Volatility Comparison
Wisdomtree U.S. Smallcap Quality Growth Fund (QSML) has a higher volatility of 4.35% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that QSML'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
| QSML | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 0.06% | +4.29% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 0.18% | +11.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.46% | 0.27% | +17.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.86% | 0.40% | +20.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.86% | 0.81% | +20.05% |
QSML vs. USFR - Expense Ratio Comparison
QSML has a 0.38% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
QSML vs. USFR - Dividend Comparison
QSML's dividend yield for the trailing twelve months is around 0.58%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
QSML Wisdomtree U.S. Smallcap Quality Growth Fund | 0.58% | 0.62% | 0.32% | 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
QSML 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.
QSML has higher volatility (4.35%) compared to USFR (0.06%). In terms of maximum drawdown, QSML dropped -28.54% vs USFR's -1.36%.
On 1-year performance, QSML leads with 21.62% 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, QSML has performed better with a 21.62% 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 0.38% for QSML.
USFR has the higher dividend yield at 3.91%, compared with 0.58% for QSML.
QSML is categorized as Small Cap Growth Equities, while USFR is Government Bonds. QSML tracks WisdomTree US SmallCap Quality Growth Index - Benchmark TR Gross, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. Their fees differ too: 0.38% for QSML and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.11 vs 1.25), 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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