USFR.L vs. XUT3.L
USFR.L (WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD) and XUT3.L (Xtrackers II US Treasuries 1-3 UCITS ETF 1D) are both Government Bonds funds - USFR.L tracks the Bloomberg US Treasury Floating Rate Bond Index while XUT3.L tracks the iBoxx USD Treasuries 1-3 Index. Both are passively managed. Over the past 5 years, USFR.L returned 3.59%/yr vs 1.86%/yr for XUT3.L. At a 0.04 correlation, their price movements are largely independent. USFR.L charges 0.15%/yr vs 0.06%/yr for XUT3.L.
Performance
USFR.L vs. XUT3.L - Performance Comparison
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Returns By Period
In the year-to-date period, USFR.L achieves a 1.59% return, which is significantly higher than XUT3.L's 0.54% return.
USFR.L
- 1D
- 0.01%
- 1M
- 0.33%
- YTD
- 1.59%
- 6M
- 1.90%
- 1Y
- 3.96%
- 3Y*
- 4.69%
- 5Y*
- 3.59%
- 10Y*
- —
XUT3.L
- 1D
- 0.10%
- 1M
- 0.12%
- YTD
- 0.54%
- 6M
- 0.93%
- 1Y
- 3.45%
- 3Y*
- 4.17%
- 5Y*
- 1.86%
- 10Y*
- 1.74%
USFR.L vs. XUT3.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD | 1.59% | 4.13% | 5.41% | 4.94% | 2.05% | -0.16% | 0.57% | 1.47% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.54% | 5.06% | 4.13% | 4.10% | -3.60% | -0.62% | 2.95% | 2.60% |
Correlation
The correlation between USFR.L and XUT3.L is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2019 | 0.04 |
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Return for Risk
USFR.L vs. XUT3.L — Risk / Return Rank
USFR.L
XUT3.L
USFR.L vs. XUT3.L - 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 Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.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.
| USFR.L | XUT3.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.93 | 1.67 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 14.72 | 5.10 | +9.62 |
| Martin ratioReturn relative to average drawdown | 58.09 | 20.02 | +38.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USFR.L | XUT3.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.60 | 3.06 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.39 | 0.98 | +1.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.51 | 1.14 | +0.37 |
Drawdowns
USFR.L vs. XUT3.L - Drawdown Comparison
The maximum USFR.L drawdown since its inception was -2.99%, smaller than the maximum XUT3.L drawdown of -5.45%. Use the drawdown chart below to compare losses from any high point for USFR.L and XUT3.L.
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Drawdown Indicators
| USFR.L | XUT3.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.99% | -5.45% | +2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.27% | -0.67% | +0.40% |
Max Drawdown (3Y)Largest decline over 3 years | -0.89% | -0.91% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -0.89% | -5.45% | +4.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.45% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.12% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -0.72% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 0.17% | -0.10% |
Volatility
USFR.L vs. XUT3.L - Volatility Comparison
The current volatility for WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L) is 0.28%, while Xtrackers II US Treasuries 1-3 UCITS ETF 1D (XUT3.L) has a volatility of 0.41%. This indicates that USFR.L experiences smaller price fluctuations and is considered to be less risky than XUT3.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USFR.L | XUT3.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 0.41% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 0.80% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.10% | 1.13% | -0.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.50% | 1.90% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.84% | 1.50% | +0.34% |
USFR.L vs. XUT3.L - Expense Ratio Comparison
USFR.L has a 0.15% expense ratio, which is higher than XUT3.L's 0.06% 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%.
Dividends
USFR.L vs. XUT3.L - Dividend Comparison
USFR.L's dividend yield for the trailing twelve months is around 3.99%, more than XUT3.L's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
USFR.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD | 3.99% | 4.32% | 5.24% | 4.58% | 0.78% | 0.00% | 0.57% | 1.09% | 0.00% | 0.00% |
XUT3.L Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 2.84% | 2.70% | 2.35% | 1.80% | 1.00% | 2.89% | 2.43% | 1.16% | 1.00% | 0.69% |
Frequently Asked Questions
USFR.L and XUT3.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XUT3.L is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XUT3.L is cheaper with a 0.06% expense ratio, compared with 0.15% for USFR.L.
USFR.L tracks Bloomberg US Treasury Floating Rate Bond Index, while XUT3.L tracks iBoxx USD Treasuries 1-3 Index. They also come from different issuers: WisdomTree and Xtrackers. Their fees differ too: 0.15% for USFR.L and 0.06% for XUT3.L.
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