SGVT vs. USFR

Last updated Jun 4, 2026

SGVT (Schwab Government Money Market ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - SGVT is a Money Market fund actively managed by Charles Schwab, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. SGVT is actively managed, while USFR is passively managed. At a 0.23 correlation, their price movements are largely independent. SGVT charges 0.28%/yr vs 0.15%/yr for USFR.

Performance

SGVT vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab Government Money Market ETF (SGVT) and WisdomTree Floating Rate Treasury Fund (USFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGVT achieves a 1.41% return, which is significantly lower than USFR's 1.60% return.

SGVT

• 1D: 0.01%
• 1M: 0.27%
• YTD: 1.41%
• 6M: 1.71%
• 1Y: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SGVT vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025
SGVT Schwab Government Money Market ETF	1.41%	2.22%
USFR WisdomTree Floating Rate Treasury Fund	1.60%	2.27%

Correlation

The correlation between SGVT and USFR is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 13, 2025	0.23

Return for Risk

SGVT vs. USFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USFR

USFR Risk / Return Rank: 100
USFR Sharpe Ratio Rank: 100
USFR Sortino Ratio Rank: 100
USFR Omega Ratio Rank: 100
USFR Calmar Ratio Rank: 100
USFR Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SGVT vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab Government Money Market ETF (SGVT) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SGVT	USFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	15.11	—
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	18.57	1.60	+16.97

Drawdowns

SGVT vs. USFR - Drawdown Comparison

The maximum SGVT drawdown since its inception was -0.03%, smaller than the maximum USFR drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for SGVT and USFR.

Drawdown Indicators

	SGVT	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-0.03%	-1.36%	+1.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.02%	—
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 Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.00%	-0.16%	+0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	SGVT	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.20%	0.27%	-0.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.20%	0.40%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.20%	0.81%	-0.61%

SGVT vs. USFR - Expense Ratio Comparison

SGVT has a 0.28% expense ratio, which is higher than USFR's 0.15% expense ratio.

Dividends

SGVT vs. USFR - Dividend Comparison

SGVT's dividend yield for the trailing twelve months is around 3.12%, less than USFR's 3.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SGVT Schwab Government Money Market ETF	3.12%	1.73%	0.00%	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

Can I hold both SGVT and USFR in my portfolio?

SGVT and USFR have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SGVT or USFR?

On fees, USFR is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SGVT or USFR?

USFR is cheaper with a 0.15% expense ratio, compared with 0.28% for SGVT.

Which ETF pays a higher dividend yield, SGVT or USFR?

USFR has the higher dividend yield at 3.91%, compared with 3.12% for SGVT.

What is the main difference between SGVT and USFR?

SGVT is categorized as Money Market, while USFR is Government Bonds. They also come from different issuers: Charles Schwab and WisdomTree. Their fees differ too: 0.28% for SGVT and 0.15% for USFR.