USFR vs. CCRV

Last updated Jun 9, 2026

USFR (WisdomTree Floating Rate Treasury Fund) and CCRV (iShares Commodity Curve Carry Strategy ETF) are both exchange-traded funds - USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index, while CCRV is a Commodities fund tracking the CCRV-US - ICE BofA Commodity Enhanced Carry Index. Both are passively managed. At a correlation of -0.05, they often move in opposite directions. USFR charges 0.15%/yr vs 0.40%/yr for CCRV.

Performance

USFR vs. CCRV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Floating Rate Treasury Fund (USFR) and iShares Commodity Curve Carry Strategy ETF (CCRV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

USFR

• 1D: 0.00%
• 1M: 0.29%
• YTD: 1.66%
• 6M: 1.98%
• 1Y: 4.03%
• 3Y*: 4.74%
• 5Y*: 3.67%
• 10Y*: 2.41%

CCRV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USFR vs. CCRV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
USFR WisdomTree Floating Rate Treasury Fund	1.66%	4.23%	5.47%	5.18%	1.98%	-0.03%	-0.04%
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	-0.05%	5.74%	5.47%	19.91%	33.78%	7.37%

Correlation

The correlation between USFR and CCRV is -0.06, 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	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020	-0.05

Return for Risk

USFR vs. CCRV — Risk / Return Rank

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

USFR

USFR Risk / Return Rank: 100
USFR Sharpe Ratio Rank: 100
USFR Sortino Ratio Rank: 100
USFR Omega Ratio Rank: 100
USFR Calmar Ratio Rank: 100
USFR Martin Ratio Rank: 100

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 vs. CCRV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Floating Rate Treasury Fund (USFR) and iShares Commodity Curve Carry Strategy ETF (CCRV). 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	CCRV	Difference
Sharpe ratio: Return per unit of total volatility	14.95	—	—
Sortino ratio: Return per unit of downside risk	50.64	—	—
Omega ratio: Gain probability vs. loss probability	13.43	—	—
Calmar ratio: Return relative to maximum drawdown	203.42	—	—
Martin ratio: Return relative to average drawdown	787.83	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	USFR	CCRV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	14.95	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	9.30	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	3.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.61	—	—

Drawdowns

Drawdown Indicators

	USFR	CCRV	Difference
Max Drawdown Largest peak-to-trough decline	-1.36%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.06%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-0.18%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-0.80%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-0.16%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	—	—

Volatility

Volatility by Period

	USFR	CCRV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.08%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.27%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.40%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.78%	—	—

USFR vs. CCRV - Expense Ratio Comparison

USFR has a 0.15% expense ratio, which is lower than CCRV's 0.40% expense ratio.

Dividends

USFR vs. CCRV - Dividend Comparison

USFR's dividend yield for the trailing twelve months is around 3.91%, while CCRV has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CCRV iShares Commodity Curve Carry Strategy ETF	0.00%	0.00%	4.43%	7.26%	33.27%	26.22%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both USFR and CCRV in my portfolio?

USFR and CCRV have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USFR or CCRV?

On fees, USFR is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USFR or CCRV?

USFR is cheaper with a 0.15% expense ratio, compared with 0.40% for CCRV.

Which ETF pays a higher dividend yield, USFR or CCRV?

USFR has the higher dividend yield at 3.91%, compared with 0.00% for CCRV.

What is the main difference between USFR and CCRV?

USFR is categorized as Government Bonds, while CCRV is Commodities. USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index, while CCRV tracks CCRV-US - ICE BofA Commodity Enhanced Carry Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.15% for USFR and 0.40% for CCRV.