TBLL vs. USFR
Compare and contrast key facts about Invesco Short Term Treasury ETF (TBLL) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
TBLL and USFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBLL is a passively managed fund by Invesco that tracks the performance of the ICE U.S. Treasury Short Bond Index. It was launched on Jan 10, 2017. 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 TBLL 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: TBLL or USFR.
Key characteristics
| TBLL | USFR | |
|---|---|---|
| YTD Return | 4.41% | 4.69% |
| 1Y Return | 5.27% | 5.30% |
| 3Y Return (Ann) | 3.50% | 3.92% |
| 5Y Return (Ann) | 2.31% | 2.50% |
| Sharpe Ratio | 9.49 | 14.83 |
| Sortino Ratio | 20.29 | 53.53 |
| Omega Ratio | 6.58 | 12.75 |
| Calmar Ratio | 30.86 | 89.99 |
| Martin Ratio | 296.45 | 732.54 |
| Ulcer Index | 0.02% | 0.01% |
| Daily Std Dev | 0.57% | 0.36% |
| Max Drawdown | -0.61% | -1.36% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between TBLL 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
TBLL vs. USFR - Performance Comparison
In the year-to-date period, TBLL achieves a 4.41% return, which is significantly lower than USFR's 4.69% 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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TBLL vs. USFR - Expense Ratio Comparison
TBLL has a 0.08% expense ratio, which is lower than USFR's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
TBLL vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Term Treasury ETF (TBLL) 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
TBLL vs. USFR - Dividend Comparison
TBLL's dividend yield for the trailing twelve months is around 5.15%, less than USFR's 5.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
TBLL Invesco Short Term Treasury ETF | 5.15% | 4.63% | 1.37% | 0.05% | 0.80% | 2.24% | 1.69% | 0.71% | 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
TBLL vs. USFR - Drawdown Comparison
The maximum TBLL drawdown since its inception was -0.61%, smaller than the maximum USFR drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for TBLL and USFR. For additional features, visit the drawdowns tool.
Volatility
TBLL vs. USFR - Volatility Comparison
Invesco Short Term Treasury ETF (TBLL) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) have volatilities of 0.09% and 0.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.