SHAG vs. USFR
SHAG (WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - SHAG is a Short-Term Bond fund tracking the Bloomberg U.S. Short Aggregate Enhanced Yield Index, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 5 years, SHAG returned 1.61%/yr vs 3.66%/yr for USFR. At a 0.01 correlation, their price movements are largely independent. SHAG charges 0.12%/yr vs 0.15%/yr for USFR.
Performance
SHAG vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, SHAG achieves a 0.48% return, which is significantly lower than USFR's 1.60% return.
SHAG
- 1D
- 0.07%
- 1M
- 0.03%
- YTD
- 0.48%
- 6M
- 0.81%
- 1Y
- 3.73%
- 3Y*
- 4.72%
- 5Y*
- 1.61%
- 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%
SHAG vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 0.48% | 6.27% | 4.30% | 4.61% | -6.37% | -0.91% | 4.70% | 5.79% | 0.80% | -0.11% |
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 0.59% |
Correlation
The correlation between SHAG and USFR is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2017 | 0.01 |
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Return for Risk
SHAG vs. USFR — Risk / Return Rank
SHAG
USFR
SHAG vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) 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.
| SHAG | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.96 | ||
| Sortino ratioReturn per unit of downside risk | -47.17 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 13.37 | -11.97 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 202.38 | -199.66 |
| Martin ratioReturn relative to average drawdown | 9.70 | 783.80 | -774.10 |
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
| SHAG | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.05 | 15.01 | -12.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 9.25 | -8.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 3.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.60 | -0.77 |
Drawdowns
SHAG vs. USFR - Drawdown Comparison
The maximum SHAG drawdown since its inception was -9.62%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for SHAG and USFR.
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Drawdown Indicators
| SHAG | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.62% | -1.36% | -8.26% |
Max Drawdown (1Y)Largest decline over 1 year | -1.38% | -0.02% | -1.36% |
Max Drawdown (3Y)Largest decline over 3 years | -1.38% | -0.06% | -1.32% |
Max Drawdown (5Y)Largest decline over 5 years | -9.62% | -0.18% | -9.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -0.54% | 0.00% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -0.16% | -1.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.01% | +0.38% |
Volatility
SHAG vs. USFR - Volatility Comparison
WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF (SHAG) has a higher volatility of 0.60% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that SHAG'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
| SHAG | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.60% | 0.06% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 1.31% | 0.18% | +1.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.84% | 0.27% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.75% | 0.40% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.58% | 0.81% | +1.77% |
SHAG vs. USFR - Expense Ratio Comparison
SHAG has a 0.12% expense ratio, which is lower than USFR's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SHAG vs. USFR - Dividend Comparison
SHAG's dividend yield for the trailing twelve months is around 4.28%, more than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SHAG WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond ETF | 4.28% | 4.33% | 4.49% | 3.04% | 1.38% | 0.92% | 2.33% | 2.71% | 2.56% | 0.77% | 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
SHAG and USFR have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHAG has higher volatility (0.60%) compared to USFR (0.06%). In terms of maximum drawdown, SHAG dropped -9.62% vs USFR's -1.36%.
On 5-year performance, USFR leads with 3.66% vs 1.61% for SHAG. On fees, SHAG is cheaper at 0.12% 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, USFR has performed better with a 3.66% return vs 1.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHAG is cheaper with a 0.12% expense ratio, compared with 0.15% for USFR.
SHAG has the higher dividend yield at 4.28%, compared with 3.91% for USFR.
SHAG is categorized as Short-Term Bond, while USFR is Government Bonds. SHAG tracks Bloomberg U.S. Short Aggregate Enhanced Yield Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. Their fees differ too: 0.12% for SHAG and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.01 vs 2.05), 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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