RFV vs. USFR
RFV (Invesco S&P MidCap 400® Pure Value ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - RFV is a Small Cap Value Equities fund tracking the S&P Mid Cap 400 Pure Value, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 10 years, RFV returned 12.53%/yr vs 2.47%/yr for USFR. At a correlation of -0.01, they often move in opposite directions. RFV charges 0.35%/yr vs 0.15%/yr for USFR.
Performance
RFV vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, RFV achieves a 13.04% return, which is significantly higher than USFR's 1.60% return. Over the past 10 years, RFV has outperformed USFR with an annualized return of 12.53%, while USFR has yielded a comparatively lower 2.47% annualized return.
RFV
- 1D
- -0.36%
- 1M
- 3.75%
- YTD
- 13.04%
- 6M
- 10.71%
- 1Y
- 25.06%
- 3Y*
- 16.77%
- 5Y*
- 10.00%
- 10Y*
- 12.53%
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%
RFV vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RFV Invesco S&P MidCap 400® Pure Value ETF | 13.04% | 7.66% | 5.63% | 30.26% | -3.99% | 33.02% | 9.61% | 24.98% | -18.56% | 14.74% |
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between RFV 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 (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014 | -0.01 |
The correlation between RFV and USFR shifts across timeframes, from -0.12 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RFV vs. USFR — Risk / Return Rank
RFV
USFR
RFV vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap 400® Pure Value ETF (RFV) 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.
| RFV | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.72 | ||
| Sortino ratioReturn per unit of downside risk | -48.51 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 13.43 | -12.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 203.42 | -201.41 |
| Martin ratioReturn relative to average drawdown | 5.94 | 787.84 | -781.90 |
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
| RFV | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 15.11 | -13.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 9.26 | -8.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 3.07 | -2.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 1.60 | -1.22 |
Drawdowns
RFV vs. USFR - Drawdown Comparison
The maximum RFV drawdown since its inception was -71.82%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for RFV and USFR.
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Drawdown Indicators
| RFV | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.82% | -1.36% | -70.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.51% | -0.02% | -12.49% |
Max Drawdown (3Y)Largest decline over 3 years | -24.65% | -0.06% | -24.59% |
Max Drawdown (5Y)Largest decline over 5 years | -24.65% | -0.18% | -24.47% |
Max Drawdown (10Y)Largest decline over 10 years | -52.24% | -0.80% | -51.44% |
Current DrawdownCurrent decline from peak | -0.36% | 0.00% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -9.79% | -0.16% | -9.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 0.01% | +4.22% |
Volatility
RFV vs. USFR - Volatility Comparison
Invesco S&P MidCap 400® Pure Value ETF (RFV) has a higher volatility of 4.60% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that RFV'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
| RFV | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.60% | 0.06% | +4.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.86% | 0.18% | +11.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.13% | 0.27% | +17.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.08% | 0.40% | +21.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.99% | 0.81% | +24.18% |
RFV vs. USFR - Expense Ratio Comparison
RFV has a 0.35% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
RFV vs. USFR - Dividend Comparison
RFV's dividend yield for the trailing twelve months is around 1.84%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RFV Invesco S&P MidCap 400® Pure Value ETF | 1.84% | 2.07% | 1.31% | 1.27% | 2.05% | 1.60% | 1.52% | 1.71% | 1.39% | 1.36% | 0.88% | 1.79% |
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% | 0.00% |
Frequently Asked Questions
RFV 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.
RFV has higher volatility (4.60%) compared to USFR (0.06%). In terms of maximum drawdown, RFV dropped -71.82% vs USFR's -1.36%.
On 10-year performance, RFV leads with 12.53% vs 2.47% 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 10-year period, RFV has performed better with a 12.53% return vs 2.47%. 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 0.35% for RFV.
USFR has the higher dividend yield at 3.91%, compared with 1.84% for RFV.
RFV is categorized as Small Cap Value Equities, while USFR is Government Bonds. RFV tracks S&P Mid Cap 400 Pure Value, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.35% for RFV and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.11 vs 1.39), 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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