UDIV vs. USFR
UDIV (Franklin U.S. Core Dividend Tilt Index ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - UDIV is a Dividend fund tracking the Linked Morningstar US Dividend Enhanced 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 10 years, UDIV returned 11.75%/yr vs 2.43%/yr for USFR. At a correlation of -0.00, they often move in opposite directions. UDIV charges 0.06%/yr vs 0.15%/yr for USFR.
Performance
UDIV vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, UDIV achieves a 13.99% return, which is significantly higher than USFR's 1.78% return. Over the past 10 years, UDIV has outperformed USFR with an annualized return of 11.75%, while USFR has yielded a comparatively lower 2.43% annualized return.
UDIV
- 1D
- -0.31%
- 1M
- 0.61%
- YTD
- 13.99%
- 6M
- 13.60%
- 1Y
- 31.69%
- 3Y*
- 23.72%
- 5Y*
- 14.35%
- 10Y*
- 11.75%
USFR
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.78%
- 6M
- 1.89%
- 1Y
- 3.97%
- 3Y*
- 4.72%
- 5Y*
- 3.70%
- 10Y*
- 2.43%
UDIV vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UDIV Franklin U.S. Core Dividend Tilt Index ETF | 13.99% | 19.00% | 25.61% | 25.21% | -15.00% | 19.66% | 5.54% | 24.60% | -8.83% | 17.44% |
USFR WisdomTree Floating Rate Treasury Fund | 1.78% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between UDIV and USFR is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2016 | -0.00 |
The correlation between UDIV and USFR shifts across timeframes, from -0.12 (1 year) to -0.00 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
UDIV vs. USFR — Risk / Return Rank
UDIV
USFR
UDIV vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin U.S. Core Dividend Tilt Index ETF (UDIV) 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.
| UDIV | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.11 | ||
| Sortino ratioReturn per unit of downside risk | -46.49 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 13.24 | -11.78 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 200.29 | -196.52 |
| Martin ratioReturn relative to average drawdown | 16.60 | 775.73 | -759.14 |
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Drawdowns
UDIV vs. USFR - Drawdown Comparison
The maximum UDIV drawdown since its inception was -35.21%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for UDIV and USFR.
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Drawdown Indicators
| UDIV | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.21% | -1.36% | -33.85% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -0.02% | -8.42% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -0.06% | -19.13% |
Max Drawdown (5Y)Largest decline over 5 years | -23.18% | -0.18% | -23.00% |
Max Drawdown (10Y)Largest decline over 10 years | -35.21% | -0.80% | -34.41% |
Current DrawdownCurrent decline from peak | -1.56% | 0.00% | -1.56% |
Average DrawdownAverage peak-to-trough decline | -4.63% | -0.15% | -4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.91% | 0.01% | +1.90% |
Volatility
UDIV vs. USFR - Volatility Comparison
Franklin U.S. Core Dividend Tilt Index ETF (UDIV) has a higher volatility of 4.77% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that UDIV'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
| UDIV | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 0.08% | +4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 9.82% | 0.19% | +9.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.54% | 0.27% | +12.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.61% | 0.40% | +15.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.30% | 0.78% | +15.52% |
UDIV vs. USFR - Expense Ratio Comparison
UDIV has a 0.06% 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%.
Dividends
UDIV vs. USFR - Dividend Comparison
UDIV's dividend yield for the trailing twelve months is around 1.10%, less than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
UDIV Franklin U.S. Core Dividend Tilt Index ETF | 1.10% | 1.53% | 2.05% | 1.91% | 3.20% | 2.97% | 2.90% | 3.40% | 3.74% | 3.47% | 1.63% |
USFR WisdomTree Floating Rate Treasury Fund | 3.91% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
UDIV and USFR have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UDIV has higher volatility (4.77%) compared to USFR (0.08%). In terms of maximum drawdown, UDIV dropped -35.21% vs USFR's -1.36%.
On 10-year performance, UDIV leads with 11.75% vs 2.43% for USFR. On fees, UDIV is cheaper at 0.06% per year. On volatility, USFR has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UDIV has performed better with a 11.75% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UDIV is cheaper with a 0.06% expense ratio, compared with 0.15% for USFR.
USFR has the higher dividend yield at 3.91%, compared with 1.10% for UDIV.
UDIV is categorized as Dividend, while USFR is Government Bonds. UDIV tracks Linked Morningstar US Dividend Enhanced Select Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: Franklin Templeton and WisdomTree. Their fees differ too: 0.06% for UDIV and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.65 vs 2.54), 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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