SOFR vs. USFR

Last updated Jun 24, 2026

SOFR (Amplify Samsung SOFR ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - SOFR is a Multisector Bonds fund tracking the Secured Overnight Financing Rate, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past year, SOFR returned 3.91% vs 3.99% for USFR. At a 0.15 correlation, their price movements are largely independent. SOFR charges 0.20%/yr vs 0.15%/yr for USFR.

Performance

SOFR vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Samsung SOFR ETF (SOFR) 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, SOFR achieves a 1.68% return, which is significantly lower than USFR's 1.82% return.

SOFR

• 1D: -0.01%
• 1M: 0.27%
• YTD: 1.68%
• 6M: 1.79%
• 1Y: 3.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

SOFR vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOFR Amplify Samsung SOFR ETF	1.68%	4.27%	1.21%
USFR WisdomTree Floating Rate Treasury Fund	1.82%	4.23%	1.42%

Correlation

The correlation between SOFR and USFR is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since Sep 26, 2024	0.15

Return for Risk

SOFR vs. USFR — Risk / Return Rank

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

SOFR

SOFR Risk / Return Rank: 98
SOFR Sharpe Ratio Rank: 97
SOFR Sortino Ratio Rank: 98
SOFR Omega Ratio Rank: 99
SOFR Calmar Ratio Rank: 97
SOFR Martin Ratio Rank: 97

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.

SOFR vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Samsung SOFR ETF (SOFR) 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.

	SOFR	USFR	Difference
Sharpe ratio: Return per unit of total volatility	4.68	14.67	-9.99
Sortino ratio: Return per unit of downside risk	6.89	50.13	-43.24
Omega ratio: Gain probability vs. loss probability	3.41	13.31	-9.90
Calmar ratio: Return relative to maximum drawdown	9.67	201.33	-191.67
Martin ratio: Return relative to average drawdown	39.53	779.76	-740.23

SOFR vs. USFR - Sharpe Ratio Comparison

The current SOFR Sharpe Ratio is 4.68, which is lower than the USFR Sharpe Ratio of 14.67. The chart below compares the historical Sharpe Ratios of SOFR and USFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SOFR vs. USFR - Drawdown Comparison

The maximum SOFR drawdown since its inception was -0.41%, smaller than the maximum USFR drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for SOFR and USFR.

Drawdown Indicators

	SOFR	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-0.41%	-1.36%	+0.95%
Max Drawdown (1Y) Largest decline over 1 year	-0.41%	-0.02%	-0.39%
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	-0.01%	0.00%	-0.01%
Average Drawdown Average peak-to-trough decline	-0.03%	-0.15%	+0.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.10%	0.01%	+0.09%

Volatility

SOFR vs. USFR - Volatility Comparison

Amplify Samsung SOFR ETF (SOFR) has a higher volatility of 0.25% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that SOFR'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.

Volatility by Period

	SOFR	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.25%	0.09%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	0.56%	0.19%	+0.37%
Volatility (1Y) Calculated over the trailing 1-year period	0.84%	0.27%	+0.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.83%	0.40%	+0.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.83%	0.78%	+0.05%

SOFR vs. USFR - Expense Ratio Comparison

SOFR 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

SOFR vs. USFR - Dividend Comparison

SOFR's dividend yield for the trailing twelve months is around 3.94%, more than USFR's 3.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
SOFR Amplify Samsung SOFR ETF	3.94%	4.22%	1.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both SOFR and USFR in my portfolio?

SOFR and USFR have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SOFR or USFR?

SOFR has higher volatility (0.25%) compared to USFR (0.09%). In terms of maximum drawdown, SOFR dropped -0.41% vs USFR's -1.36%.

Which ETF is better, SOFR or USFR?

On 1-year performance, USFR leads with 3.99% vs 3.91% for SOFR. 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.

Which ETF has performed better, SOFR or USFR?

Over the 1-year period, USFR has performed better with a 3.99% return vs 3.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SOFR or USFR?

USFR is cheaper with a 0.15% expense ratio, compared with 0.20% for SOFR.

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

SOFR has the higher dividend yield at 3.94%, compared with 3.90% for USFR.

What is the main difference between SOFR and USFR?

SOFR is categorized as Multisector Bonds, while USFR is Government Bonds. SOFR tracks Secured Overnight Financing Rate, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: Amplify and WisdomTree. Their fees differ too: 0.20% for SOFR and 0.15% for USFR.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (14.67 vs 4.68), 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.