SHV vs. USFR
Compare and contrast key facts about iShares Short Treasury Bond ETF (SHV) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
SHV and USFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHV is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Short Treasury Bond Index. It was launched on Jan 11, 2007. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014. Both SHV and USFR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHV or USFR.
Key characteristics
| SHV | USFR | |
|---|---|---|
| YTD Return | 4.27% | 4.48% |
| 1Y Return | 5.31% | 5.28% |
| 3Y Return (Ann) | 3.41% | 3.87% |
| 5Y Return (Ann) | 2.23% | 2.48% |
| 10Y Return (Ann) | 1.60% | 2.38% |
| Sharpe Ratio | 19.65 | 14.84 |
| Sortino Ratio | 135.67 | 54.26 |
| Omega Ratio | 55.50 | 13.21 |
| Calmar Ratio | 195.27 | 89.28 |
| Martin Ratio | 1,996.74 | 737.68 |
| Ulcer Index | 0.00% | 0.01% |
| Daily Std Dev | 0.27% | 0.36% |
| Max Drawdown | -0.46% | -1.36% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between SHV and USFR is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
SHV vs. USFR - Performance Comparison
The year-to-date returns for both investments are quite close, with SHV having a 4.27% return and USFR slightly higher at 4.48%. Over the past 10 years, SHV has underperformed USFR with an annualized return of 1.60%, while USFR has yielded a comparatively higher 2.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SHV vs. USFR - Expense Ratio Comparison
Both SHV and USFR have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
SHV vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Short Treasury Bond ETF (SHV) and WisdomTree Bloomberg 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.
Dividends
SHV vs. USFR - Dividend Comparison
SHV's dividend yield for the trailing twelve months is around 5.14%, less than USFR's 5.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHV iShares Short Treasury Bond ETF | 5.14% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% | 0.00% | 0.00% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.31% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% | 0.00% | 0.00% | 0.00% |
Drawdowns
SHV vs. USFR - Drawdown Comparison
The maximum SHV drawdown since its inception was -0.46%, smaller than the maximum USFR drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for SHV and USFR. For additional features, visit the drawdowns tool.
Volatility
SHV vs. USFR - Volatility Comparison
The current volatility for iShares Short Treasury Bond ETF (SHV) is 0.07%, while WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) has a volatility of 0.08%. This indicates that SHV experiences smaller price fluctuations and is considered to be less risky than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.