TBIL vs. USFR
Compare and contrast key facts about US Treasury 3 Month Bill ETF (TBIL) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
TBIL and USFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US Treasury Bill 3 Month Index. It was launched on Aug 8, 2022. 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 TBIL 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: TBIL or USFR.
Key characteristics
| TBIL | USFR | |
|---|---|---|
| YTD Return | 4.73% | 4.73% |
| 1Y Return | 5.47% | 5.32% |
| Sharpe Ratio | 14.58 | 14.85 |
| Sortino Ratio | 79.35 | 54.03 |
| Omega Ratio | 24.15 | 13.16 |
| Calmar Ratio | 271.14 | 88.94 |
| Martin Ratio | 1,240.29 | 757.73 |
| Ulcer Index | 0.00% | 0.01% |
| Daily Std Dev | 0.38% | 0.36% |
| Max Drawdown | -0.10% | -1.36% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TBIL and USFR is 0.24, 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
TBIL vs. USFR - Performance Comparison
As of year-to-date, both investments have demonstrated similar returns, with TBIL at 4.73% and USFR at 4.73%. 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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TBIL vs. USFR - Expense Ratio Comparison
Both TBIL 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
TBIL vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 3 Month Bill ETF (TBIL) 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
TBIL vs. USFR - Dividend Comparison
TBIL's dividend yield for the trailing twelve months is around 5.38%, more than USFR's 5.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
TBIL US Treasury 3 Month Bill ETF | 5.38% | 5.00% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.30% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% |
Drawdowns
TBIL vs. USFR - Drawdown Comparison
The maximum TBIL drawdown since its inception was -0.10%, smaller than the maximum USFR drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for TBIL and USFR. For additional features, visit the drawdowns tool.
Volatility
TBIL vs. USFR - Volatility Comparison
The current volatility for US Treasury 3 Month Bill ETF (TBIL) is 0.09%, while WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) has a volatility of 0.10%. This indicates that TBIL 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.