SVAL vs. USFR
SVAL (iShares US Small Cap Value Factor ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - SVAL is a Small Cap Value Equities fund tracking the Russell 2000 Focused Value Select 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, SVAL returned 7.82%/yr vs 3.71%/yr for USFR. At a correlation of -0.04, they often move in opposite directions. SVAL charges 0.20%/yr vs 0.15%/yr for USFR.
Performance
SVAL vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, SVAL achieves a 19.67% return, which is significantly higher than USFR's 1.82% return.
SVAL
- 1D
- 0.40%
- 1M
- 3.18%
- YTD
- 19.67%
- 6M
- 17.31%
- 1Y
- 37.13%
- 3Y*
- 18.89%
- 5Y*
- 7.82%
- 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%
SVAL vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SVAL iShares US Small Cap Value Factor ETF | 19.67% | 8.23% | 7.54% | 12.27% | -10.15% | 33.18% | 29.82% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | -0.05% |
Correlation
The correlation between SVAL and USFR is -0.16, 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 | -0.16 |
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 Oct 29, 2020 | -0.04 |
The correlation between SVAL and USFR shifts across timeframes, from -0.16 (1 year) to -0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SVAL vs. USFR — Risk / Return Rank
SVAL
USFR
SVAL vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Small Cap Value Factor ETF (SVAL) 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.
| SVAL | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.57 | ||
| Sortino ratioReturn per unit of downside risk | -47.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 13.31 | -11.94 |
| Calmar ratioReturn relative to maximum drawdown | 4.17 | 201.33 | -197.16 |
| Martin ratioReturn relative to average drawdown | 13.13 | 779.76 | -766.63 |
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Drawdowns
SVAL vs. USFR - Drawdown Comparison
The maximum SVAL drawdown since its inception was -27.44%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for SVAL and USFR.
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Drawdown Indicators
| SVAL | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.44% | -1.36% | -26.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.94% | -0.02% | -8.92% |
Max Drawdown (3Y)Largest decline over 3 years | -27.44% | -0.06% | -27.38% |
Max Drawdown (5Y)Largest decline over 5 years | -27.44% | -0.18% | -27.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -1.32% | 0.00% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -8.44% | -0.15% | -8.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 0.01% | +2.83% |
Volatility
SVAL vs. USFR - Volatility Comparison
iShares US Small Cap Value Factor ETF (SVAL) has a higher volatility of 4.03% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that SVAL'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
| SVAL | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 0.09% | +3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.69% | 0.19% | +11.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.82% | 0.27% | +17.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.24% | 0.40% | +21.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.21% | 0.78% | +22.43% |
SVAL vs. USFR - Expense Ratio Comparison
SVAL 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
SVAL vs. USFR - Dividend Comparison
SVAL's dividend yield for the trailing twelve months is around 2.14%, less than USFR's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SVAL iShares US Small Cap Value Factor ETF | 2.14% | 2.33% | 1.82% | 2.25% | 2.09% | 2.33% | 0.28% | 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
SVAL 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.
SVAL has higher volatility (4.03%) compared to USFR (0.09%). In terms of maximum drawdown, SVAL dropped -27.44% vs USFR's -1.36%.
On 5-year performance, SVAL leads with 7.82% vs 3.71% 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 5-year period, SVAL has performed better with a 7.82% return vs 3.71%. 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 SVAL.
USFR has the higher dividend yield at 3.90%, compared with 2.14% for SVAL.
SVAL is categorized as Small Cap Value Equities, while USFR is Government Bonds. SVAL tracks Russell 2000 Focused Value Select Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.20% for SVAL and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.67 vs 2.10), 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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