PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
USFR vs. DGRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USFR vs. DGRO

Last updated Jun 9, 2026

USFR (WisdomTree Floating Rate Treasury Fund) and DGRO (iShares Core Dividend Growth ETF) are both exchange-traded funds - USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Both are passively managed. Over the past 10 years, USFR returned 2.41%/yr vs 13.26%/yr for DGRO. At a 0.01 correlation, their price movements are largely independent. USFR charges 0.15%/yr vs 0.08%/yr for DGRO.

Performance

USFR vs. DGRO - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, USFR achieves a 1.66% return, which is significantly lower than DGRO's 8.47% return. Over the past 10 years, USFR has underperformed DGRO with an annualized return of 2.41%, while DGRO has yielded a comparatively higher 13.26% annualized return.

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%

DGRO

1D
-0.29%
1M
2.67%
YTD
8.47%
6M
9.27%
1Y
21.90%
3Y*
16.63%
5Y*
10.64%
10Y*
13.26%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USFR vs. DGRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USFR
WisdomTree Floating Rate Treasury Fund		1.66%4.23%5.47%5.18%1.98%-0.03%0.56%2.02%2.01%1.03%
DGRO
iShares Core Dividend Growth ETF		8.47%15.69%16.62%10.47%-7.91%26.64%9.50%29.87%-2.38%23.00%

Correlation

The correlation between USFR and DGRO is -0.13, 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

-0.13

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 13, 2014

0.01

The correlation between USFR and DGRO shifts across timeframes, from -0.13 (1 year) to 0.01 (all time), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

WisdomTree Floating Rate Treasury Fund

iShares Core Dividend Growth ETF

Often compared with USFR:
USFR vs. SGOVUSFR vs. TFLOUSFR vs. VMFXXUSFR vs. VUSXXUSFR vs. FLOTUSFR vs. TBILUSFR vs. SHV
Often compared with DGRO:
DGRO vs. SCHDDGRO vs. VIGDGRO vs. VYMDGRO vs. VOODGRO vs. DGRWDGRO vs. DIVODGRO vs. HDV

Return for Risk

USFR vs. DGRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USFR
USFR Risk / Return Rank: 100100
Overall Rank
USFR Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
USFR Sortino Ratio Rank: 100100
Sortino Ratio Rank
USFR Omega Ratio Rank: 100100
Omega Ratio Rank
USFR Calmar Ratio Rank: 100100
Calmar Ratio Rank
USFR Martin Ratio Rank: 100100
Martin Ratio Rank
DGRO
DGRO Risk / Return Rank: 7878
Overall Rank
DGRO Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
DGRO Sortino Ratio Rank: 8484
Sortino Ratio Rank
DGRO Omega Ratio Rank: 7878
Omega Ratio Rank
DGRO Calmar Ratio Rank: 7474
Calmar Ratio Rank
DGRO Martin Ratio Rank: 7676
Martin Ratio Rank
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. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Floating Rate Treasury Fund (USFR) and iShares Core Dividend Growth ETF (DGRO). 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.

USFRDGRODifference
Sharpe ratioReturn per unit of total volatility
14.95
2.32

+12.63

Sortino ratioReturn per unit of downside risk
50.64
3.37

+47.27

Omega ratioGain probability vs. loss probability

13.43

1.42

+12.01

Calmar ratioReturn relative to maximum drawdown

203.42

3.40

+200.02

Martin ratioReturn relative to average drawdown

787.83

13.12

+774.71

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 vs. DGRO - Sharpe Ratio Comparison

The current USFR Sharpe Ratio is 14.95, which is higher than the DGRO Sharpe Ratio of 2.32. The chart below compares the historical Sharpe Ratios of USFR and DGRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

USFRDGRODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

14.95

2.32

+12.63

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

9.30

0.77

+8.53

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

3.09

0.80

+2.29

Sharpe Ratio (All Time)

Calculated using the full available price history

1.61

0.76

+0.84

Drawdowns

USFR vs. DGRO - Drawdown Comparison

The maximum USFR drawdown since its inception was -1.36%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for USFR and DGRO.

Loading charts...

Drawdown Indicators

USFRDGRODifference

Max Drawdown

Largest peak-to-trough decline

-1.36%

-35.10%

+33.74%

Max Drawdown (1Y)

Largest decline over 1 year

-0.02%

-6.47%

+6.45%

Max Drawdown (3Y)

Largest decline over 3 years

-0.06%

-14.03%

+13.97%

Max Drawdown (5Y)

Largest decline over 5 years

-0.18%

-19.31%

+19.13%

Max Drawdown (10Y)

Largest decline over 10 years

-0.80%

-35.10%

+34.30%

Current Drawdown

Current decline from peak

0.00%

-1.07%

+1.07%

Average Drawdown

Average peak-to-trough decline

-0.16%

-3.44%

+3.28%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.01%

1.67%

-1.66%

Volatility

USFR vs. DGRO - Volatility Comparison

The current volatility for WisdomTree Floating Rate Treasury Fund (USFR) is 0.08%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 2.32%. This indicates that USFR experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

USFRDGRODifference

Volatility (1M)

Calculated over the trailing 1-month period

0.08%

2.32%

-2.24%

Volatility (6M)

Calculated over the trailing 6-month period

0.19%

6.95%

-6.76%

Volatility (1Y)

Calculated over the trailing 1-year period

0.27%

9.52%

-9.25%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.40%

13.82%

-13.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.78%

16.63%

-15.85%

USFR vs. DGRO - Expense Ratio Comparison

USFR has a 0.15% expense ratio, which is higher than DGRO's 0.08% 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. DGRO - Dividend Comparison

USFR's dividend yield for the trailing twelve months is around 3.91%, more than DGRO's 1.96% yield.

PositionTTM20252024202320222021202020192018201720162015
DGRO
iShares Core Dividend Growth ETF		1.96%2.09%2.26%2.45%2.34%1.93%2.30%2.21%2.44%2.03%2.27%2.52%
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 DGRO have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DGRO has higher volatility (2.32%) compared to USFR (0.08%). In terms of maximum drawdown, USFR dropped -1.36% vs DGRO's -35.10%.

On 10-year performance, DGRO leads with 13.26% vs 2.41% for USFR. On fees, DGRO is cheaper at 0.08% 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, DGRO has performed better with a 13.26% return vs 2.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DGRO is cheaper with a 0.08% expense ratio, compared with 0.15% for USFR.

USFR has the higher dividend yield at 3.91%, compared with 1.96% for DGRO.

USFR is categorized as Government Bonds, while DGRO is Large Cap Growth Equities. USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index, while DGRO tracks Morningstar US Dividend Growth Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.15% for USFR and 0.08% for DGRO.

USFR currently has the higher Sharpe Ratio (14.95 vs 2.32), 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.

Portfolio Optimizer

Find the right allocation for USFR and DGRO

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer