USFR vs. CHSPI.SW
USFR (WisdomTree Floating Rate Treasury Fund) and CHSPI.SW (iShares Core SPI® ETF (CH)) are both exchange-traded funds - USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index, while CHSPI.SW is a Europe Equities fund tracking the Swiss Performance Index. Both are passively managed. Over the past 10 years, USFR returned 2.42%/yr vs 10.58%/yr for CHSPI.SW. At a correlation of -0.03, they often move in opposite directions. USFR charges 0.15%/yr vs 0.10%/yr for CHSPI.SW.
Performance
USFR vs. CHSPI.SW - Performance Comparison
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Different Trading Currencies
USFR is traded in USD, while CHSPI.SW is traded in CHF. To make them comparable, the CHSPI.SW values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, USFR achieves a 1.72% return, which is significantly lower than CHSPI.SW's 5.04% return. Over the past 10 years, USFR has underperformed CHSPI.SW with an annualized return of 2.42%, while CHSPI.SW has yielded a comparatively higher 10.58% annualized return.
USFR
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 1.72%
- 6M
- 1.96%
- 1Y
- 4.03%
- 3Y*
- 4.77%
- 5Y*
- 3.70%
- 10Y*
- 2.42%
CHSPI.SW
- 1D
- 1.15%
- 1M
- 1.43%
- YTD
- 5.04%
- 6M
- 8.68%
- 1Y
- 15.24%
- 3Y*
- 13.27%
- 5Y*
- 7.07%
- 10Y*
- 10.58%
USFR vs. CHSPI.SW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USFR WisdomTree Floating Rate Treasury Fund | 1.72% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
CHSPI.SW iShares Core SPI® ETF (CH) | 5.04% | 34.56% | -2.12% | 16.38% | -17.77% | 18.99% | 14.47% | 31.76% | -9.80% | 24.42% |
Correlation
The correlation between USFR and CHSPI.SW 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 | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2014 | -0.03 |
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Return for Risk
USFR vs. CHSPI.SW — Risk / Return Rank
USFR
CHSPI.SW
USFR vs. CHSPI.SW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Floating Rate Treasury Fund (USFR) and iShares Core SPI® ETF (CH) (CHSPI.SW). 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.
| USFR | CHSPI.SW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +13.92 | ||
| Sortino ratioReturn per unit of downside risk | +49.10 | ||
| Omega ratioGain probability vs. loss probability | 13.43 | 1.19 | +12.24 |
| Calmar ratioReturn relative to maximum drawdown | 203.42 | 1.18 | +202.24 |
| Martin ratioReturn relative to average drawdown | 787.83 | 3.83 | +784.00 |
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Drawdowns
USFR vs. CHSPI.SW - Drawdown Comparison
The maximum USFR drawdown since its inception was -1.36%, smaller than the maximum CHSPI.SW drawdown of -28.14%. Use the drawdown chart below to compare losses from any high point for USFR and CHSPI.SW.
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Drawdown Indicators
| USFR | CHSPI.SW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.36% | -28.14% | +26.78% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -13.12% | +13.10% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | -13.52% | +13.46% |
Max Drawdown (5Y)Largest decline over 5 years | -0.18% | -28.14% | +27.96% |
Max Drawdown (10Y)Largest decline over 10 years | -0.80% | -28.14% | +27.34% |
Current DrawdownCurrent decline from peak | 0.00% | -3.28% | +3.28% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -6.72% | +6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 4.04% | -4.03% |
Volatility
USFR vs. CHSPI.SW - Volatility Comparison
The current volatility for WisdomTree Floating Rate Treasury Fund (USFR) is 0.08%, while iShares Core SPI® ETF (CH) (CHSPI.SW) has a volatility of 4.13%. This indicates that USFR experiences smaller price fluctuations and is considered to be less risky than CHSPI.SW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USFR | CHSPI.SW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 4.13% | -4.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.19% | 12.20% | -12.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.27% | 15.00% | -14.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.40% | 16.51% | -16.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.78% | 15.91% | -15.13% |
USFR vs. CHSPI.SW - Expense Ratio Comparison
USFR has a 0.15% expense ratio, which is higher than CHSPI.SW's 0.10% 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 vs. CHSPI.SW - Dividend Comparison
USFR's dividend yield for the trailing twelve months is around 3.91%, more than CHSPI.SW's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHSPI.SW iShares Core SPI® ETF (CH) | 2.35% | 2.65% | 2.42% | 2.94% | 2.37% | 2.27% | 2.59% | 2.17% | 3.22% | 2.71% | 3.15% | 2.00% |
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% | 0.00% |
Frequently Asked Questions
USFR and CHSPI.SW 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.
On fees, CHSPI.SW is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CHSPI.SW is cheaper with a 0.10% expense ratio, compared with 0.15% for USFR.
USFR is categorized as Government Bonds, while CHSPI.SW is Europe Equities. USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index, while CHSPI.SW tracks Swiss Performance Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.15% for USFR and 0.10% for CHSPI.SW.
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