TIGR.L vs. USFR.L
TIGR.L (L&G India INR Government Bond UCITS ETF USD Distributing) and USFR.L (WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD) are both Government Bonds funds - TIGR.L tracks the L&G India INR Government Bond UCITS ETF USD Distributing while USFR.L tracks the Bloomberg US Treasury Floating Rate Bond Index. Both are passively managed. Over the past 3 years, TIGR.L returned -0.03%/yr vs 5.01%/yr for USFR.L. At a 0.02 correlation, their price movements are largely independent. TIGR.L charges 0.39%/yr vs 0.15%/yr for USFR.L.
Performance
TIGR.L vs. USFR.L - Performance Comparison
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Returns By Period
In the year-to-date period, TIGR.L achieves a -6.85% return, which is significantly lower than USFR.L's 2.98% return.
TIGR.L
- 1D
- 0.00%
- 1M
- -0.77%
- 6M
- -6.17%
- YTD
- -6.85%
- 1Y
- -10.05%
- 3Y*
- -0.03%
- 5Y*
- —
- 10Y*
- —
USFR.L
- 1D
- 0.04%
- 1M
- 1.27%
- 6M
- 2.83%
- YTD
- 2.98%
- 1Y
- 4.86%
- 3Y*
- 5.01%
- 5Y*
- 3.91%
- 10Y*
- —
TIGR.L vs. USFR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TIGR.L L&G India INR Government Bond UCITS ETF USD Distributing | -6.85% | 0.84% | 5.37% | 5.93% | -8.86% | 1.49% |
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD | 2.98% | 4.17% | 5.46% | 4.95% | 2.06% | 0.02% |
Correlation
The correlation between TIGR.L and USFR.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.02 |
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Return for Risk
TIGR.L vs. USFR.L — Risk / Return Rank
TIGR.L
USFR.L
TIGR.L vs. USFR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G India INR Government Bond UCITS ETF USD Distributing (TIGR.L) and WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L). 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.
| TIGR.L | USFR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.12 | ||
| Sortino ratioReturn per unit of downside risk | -4.53 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.80 | -0.99 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 3.85 | -4.56 |
| Martin ratioReturn relative to average drawdown | -1.39 | 41.80 | -43.19 |
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Drawdowns
TIGR.L vs. USFR.L - Drawdown Comparison
The maximum TIGR.L drawdown since its inception was -15.01%, which is greater than USFR.L's maximum drawdown of -2.99%. Use the drawdown chart below to compare losses from any high point for TIGR.L and USFR.L.
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Drawdown Indicators
| TIGR.L | USFR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.01% | -2.99% | -12.02% |
Max Drawdown (1Y)Largest decline over 1 year | -14.06% | -1.26% | -12.80% |
Max Drawdown (3Y)Largest decline over 3 years | -15.01% | -1.75% | -13.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.75% | — |
Current DrawdownCurrent decline from peak | -11.35% | 0.00% | -11.35% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -0.09% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.89% | 0.12% | +6.77% |
Volatility
TIGR.L vs. USFR.L - Volatility Comparison
L&G India INR Government Bond UCITS ETF USD Distributing (TIGR.L) has a higher volatility of 3.18% compared to WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L) at 0.89%. This indicates that TIGR.L's price experiences larger fluctuations and is considered to be riskier than USFR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TIGR.L | USFR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 0.89% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.15% | 1.22% | +5.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.19% | 2.55% | +5.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 2.77% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.35% | 2.70% | +3.65% |
TIGR.L vs. USFR.L - Expense Ratio Comparison
TIGR.L has a 0.39% expense ratio, which is higher than USFR.L's 0.15% expense ratio.
Dividends
TIGR.L vs. USFR.L - Dividend Comparison
TIGR.L's dividend yield for the trailing twelve months is around 3.54%, less than USFR.L's 4.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TIGR.L L&G India INR Government Bond UCITS ETF USD Distributing | 3.54% | 6.72% | 6.50% | 6.26% | 4.15% | 0.00% | 0.00% | 0.00% |
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD | 4.73% | 4.32% | 5.24% | 4.58% | 0.78% | 0.00% | 0.57% | 1.09% |
Frequently Asked Questions
TIGR.L and USFR.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USFR.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USFR.L is cheaper with a 0.15% expense ratio, compared with 0.39% for TIGR.L.
TIGR.L tracks L&G India INR Government Bond UCITS ETF USD Distributing, while USFR.L tracks Bloomberg US Treasury Floating Rate Bond Index. They also come from different issuers: L&G and WisdomTree. Their fees differ too: 0.39% for TIGR.L and 0.15% for USFR.L.
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