SHE vs. USFR
SHE (SPDR SSGA Gender Diversity Index ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - SHE is a Large Cap Growth Equities fund tracking the SSGA Gender Diversity (TR), 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, SHE returned 12.78%/yr vs 2.43%/yr for USFR. At a correlation of -0.00, they often move in opposite directions. SHE charges 0.20%/yr vs 0.15%/yr for USFR.
Performance
SHE vs. USFR - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SHE achieves a 16.68% return, which is significantly higher than USFR's 1.82% return. Over the past 10 years, SHE has outperformed USFR with an annualized return of 12.78%, while USFR has yielded a comparatively lower 2.43% annualized return.
SHE
- 1D
- -1.22%
- 1M
- 1.20%
- YTD
- 16.68%
- 6M
- 16.31%
- 1Y
- 28.00%
- 3Y*
- 22.78%
- 5Y*
- 10.14%
- 10Y*
- 12.78%
USFR
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 1.92%
- 1Y
- 3.99%
- 3Y*
- 4.74%
- 5Y*
- 3.71%
- 10Y*
- 2.43%
SHE vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHE SPDR SSGA Gender Diversity Index ETF | 16.68% | 15.50% | 23.35% | 22.37% | -21.73% | 15.17% | 17.93% | 23.63% | -3.48% | 19.56% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between SHE and USFR is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Mar 8, 2016 | -0.00 |
The correlation between SHE and USFR shifts across timeframes, from -0.11 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SHE vs. USFR — Risk / Return Rank
SHE
USFR
SHE vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA Gender Diversity Index ETF (SHE) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHE | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.58 | ||
| Sortino ratioReturn per unit of downside risk | -47.21 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 13.31 | -11.94 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 201.33 | -198.04 |
| Martin ratioReturn relative to average drawdown | 12.91 | 779.76 | -766.85 |
Loading charts...
Drawdowns
SHE vs. USFR - Drawdown Comparison
The maximum SHE drawdown since its inception was -35.80%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for SHE and USFR.
Loading charts...
Drawdown Indicators
| SHE | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.80% | -1.36% | -34.44% |
Max Drawdown (1Y)Largest decline over 1 year | -8.54% | -0.02% | -8.52% |
Max Drawdown (3Y)Largest decline over 3 years | -17.07% | -0.06% | -17.01% |
Max Drawdown (5Y)Largest decline over 5 years | -31.69% | -0.18% | -31.51% |
Max Drawdown (10Y)Largest decline over 10 years | -35.80% | -0.80% | -35.00% |
Current DrawdownCurrent decline from peak | -2.98% | 0.00% | -2.98% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -0.15% | -6.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.17% | 0.01% | +2.16% |
Volatility
SHE vs. USFR - Volatility Comparison
SPDR SSGA Gender Diversity Index ETF (SHE) has a higher volatility of 5.16% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that SHE'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.
Loading charts...
Volatility by Period
| SHE | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 0.09% | +5.07% |
Volatility (6M)Calculated over the trailing 6-month period | 11.03% | 0.19% | +10.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.46% | 0.27% | +13.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.31% | 0.40% | +16.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.06% | 0.78% | +17.28% |
SHE vs. USFR - Expense Ratio Comparison
SHE has a 0.20% expense ratio, which is higher than USFR's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SHE vs. USFR - Dividend Comparison
SHE's dividend yield for the trailing twelve months is around 1.09%, less than USFR's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SHE SPDR SSGA Gender Diversity Index ETF | 1.09% | 1.18% | 1.14% | 1.37% | 1.54% | 0.99% | 1.24% | 1.91% | 7.39% | 5.37% | 6.41% |
USFR WisdomTree Floating Rate Treasury Fund | 3.90% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
SHE and USFR have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHE has higher volatility (5.16%) compared to USFR (0.09%). In terms of maximum drawdown, SHE dropped -35.80% vs USFR's -1.36%.
On 10-year performance, SHE leads with 12.78% vs 2.43% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SHE has performed better with a 12.78% return vs 2.43%. 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 0.20% for SHE.
USFR has the higher dividend yield at 3.90%, compared with 1.09% for SHE.
SHE is categorized as Large Cap Growth Equities, while USFR is Government Bonds. SHE tracks SSGA Gender Diversity (TR), while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.20% for SHE and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.67 vs 2.09), 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.
Find the right allocation for SHE and USFR
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer