USFR.L vs. VMFXX

Last updated Apr 2, 2026

Compare and contrast key facts about WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L) and Vanguard Federal Money Market Fund (VMFXX).

USFR.L is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg US Government TR USD. It was launched on Mar 21, 2019. VMFXX is managed by Vanguard. It was launched on Sep 1, 2010.

Performance

USFR.L vs. VMFXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L) and Vanguard Federal Money Market Fund (VMFXX). The values are adjusted to include any dividend payments, if applicable.

USFR.L vs. VMFXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD	0.92%	4.13%	5.41%	5.06%	1.91%	-0.01%
VMFXX Vanguard Federal Money Market Fund	0.59%	4.24%	1.64%	4.64%	0.00%	0.00%

Returns By Period

In the year-to-date period, USFR.L achieves a 0.92% return, which is significantly higher than VMFXX's 0.59% return.

USFR.L

• 1D: 0.00%
• 1M: 0.47%
• YTD: 0.92%
• 6M: 1.72%
• 1Y: 4.13%
• 3Y*: 4.78%
• 5Y*: —
• 10Y*: —

VMFXX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.59%
• 6M: 1.58%
• 1Y: 3.75%
• 3Y*: 3.32%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

USFR.L vs. VMFXX - Expense Ratio Comparison

USFR.L has a 0.15% expense ratio, which is higher than VMFXX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

USFR.L

WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD

VMFXX

Vanguard Federal Money Market Fund

Return for Risk

USFR.L vs. VMFXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USFR.L

USFR.L Risk / Return Rank: 96
USFR.L Sharpe Ratio Rank: 94
USFR.L Sortino Ratio Rank: 97
USFR.L Omega Ratio Rank: 98
USFR.L Calmar Ratio Rank: 96
USFR.L Martin Ratio Rank: 98

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USFR.L vs. VMFXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L) and Vanguard Federal Money Market Fund (VMFXX). 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.

	USFR.L	VMFXX	Difference
Sharpe ratio Return per unit of total volatility	2.36	3.51	-1.14
Sortino ratio Return per unit of downside risk	3.59	—	—
Omega ratio Gain probability vs. loss probability	1.66	—	—
Calmar ratio Return relative to maximum drawdown	4.61	—	—
Martin ratio Return relative to average drawdown	35.24	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USFR.L vs. VMFXX - Sharpe Ratio Comparison

The current USFR.L Sharpe Ratio is 2.36, which is lower than the VMFXX Sharpe Ratio of 3.51. The chart below compares the historical Sharpe Ratios of USFR.L and VMFXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	USFR.L	VMFXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.36	3.51	-1.14
Sharpe Ratio (All Time) Calculated using the full available price history	3.01	2.52	+0.50

Correlation

The correlation between USFR.L and VMFXX is 0.02, 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.

Dividends

USFR.L vs. VMFXX - Dividend Comparison

USFR.L's dividend yield for the trailing twelve months is around 5.08%, more than VMFXX's 3.68% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD	5.08%	4.32%	5.24%	4.58%	0.78%	0.00%	0.00%	0.00%
VMFXX Vanguard Federal Money Market Fund	3.68%	4.14%	1.63%	4.53%	0.00%	0.00%	0.00%	0.00%

Drawdowns

USFR.L vs. VMFXX - Drawdown Comparison

The maximum USFR.L drawdown since its inception was -0.89%, which is greater than VMFXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for USFR.L and VMFXX.

Drawdown Indicators

	USFR.L	VMFXX	Difference
Max Drawdown Largest peak-to-trough decline	-0.89%	0.00%	-0.89%
Max Drawdown (1Y) Largest decline over 1 year	-0.89%	0.00%	-0.89%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.06%	0.00%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.12%	0.00%	+0.12%

Volatility

USFR.L vs. VMFXX - Volatility Comparison

WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L) has a higher volatility of 0.31% compared to Vanguard Federal Money Market Fund (VMFXX) at 0.00%. This indicates that USFR.L's price experiences larger fluctuations and is considered to be riskier than VMFXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USFR.L	VMFXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.31%	0.00%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	0.73%	0.77%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	1.69%	1.16%	+0.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.58%	0.93%	+0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.58%	0.93%	+0.65%