TLH vs. USFR
Compare and contrast key facts about iShares 10-20 Year Treasury Bond ETF (TLH) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
TLH and USFR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TLH is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 10-20 Year Treasury Bond Index. It was launched on Jan 11, 2007. 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 TLH 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: TLH or USFR.
Performance
TLH vs. USFR - Performance Comparison
Returns By Period
In the year-to-date period, TLH achieves a -2.81% return, which is significantly lower than USFR's 4.79% return. Over the past 10 years, TLH has underperformed USFR with an annualized return of -0.20%, while USFR has yielded a comparatively higher 2.38% annualized return.
TLH
-2.81%
-4.18%
1.61%
6.33%
-4.23%
-0.20%
USFR
4.79%
0.45%
2.46%
5.32%
2.52%
2.38%
Key characteristics
| TLH | USFR | |
|---|---|---|
| Sharpe Ratio | 0.62 | 15.19 |
| Sortino Ratio | 0.93 | 56.08 |
| Omega Ratio | 1.11 | 13.95 |
| Calmar Ratio | 0.20 | 90.34 |
| Martin Ratio | 1.64 | 769.69 |
| Ulcer Index | 4.50% | 0.01% |
| Daily Std Dev | 12.00% | 0.35% |
| Max Drawdown | -41.14% | -1.36% |
| Current Drawdown | -32.78% | 0.00% |
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TLH vs. USFR - Expense Ratio Comparison
Both TLH 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%.
Correlation
The correlation between TLH and USFR is 0.01, 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.
Risk-Adjusted Performance
TLH vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 10-20 Year Treasury Bond ETF (TLH) 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
TLH vs. USFR - Dividend Comparison
TLH's dividend yield for the trailing twelve months is around 4.20%, less than USFR's 5.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TLH iShares 10-20 Year Treasury Bond ETF | 4.20% | 3.83% | 2.78% | 1.50% | 2.65% | 2.31% | 2.17% | 1.83% | 1.91% | 2.13% | 2.12% | 2.41% |
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% | 0.00% | 0.00% | 0.00% |
Drawdowns
TLH vs. USFR - Drawdown Comparison
The maximum TLH drawdown since its inception was -41.14%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for TLH and USFR. For additional features, visit the drawdowns tool.
Volatility
TLH vs. USFR - Volatility Comparison
iShares 10-20 Year Treasury Bond ETF (TLH) has a higher volatility of 3.78% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that TLH'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.