USFR vs. DGRW

Last updated Jun 5, 2026

USFR (WisdomTree Floating Rate Treasury Fund) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, USFR returned 2.47%/yr vs 14.19%/yr for DGRW. At a 0.00 correlation, their price movements are largely independent. USFR charges 0.15%/yr vs 0.28%/yr for DGRW.

Performance

USFR vs. DGRW - Performance Comparison

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

Returns By Period

In the year-to-date period, USFR achieves a 1.60% return, which is significantly lower than DGRW's 9.87% return. Over the past 10 years, USFR has underperformed DGRW with an annualized return of 2.47%, while DGRW has yielded a comparatively higher 14.19% annualized return.

USFR

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.60%
• 6M: 1.96%
• 1Y: 4.01%
• 3Y*: 4.76%
• 5Y*: 3.66%
• 10Y*: 2.47%

DGRW

• 1D: 0.71%
• 1M: 4.18%
• YTD: 9.87%
• 6M: 9.49%
• 1Y: 21.83%
• 3Y*: 17.10%
• 5Y*: 12.33%
• 10Y*: 14.19%

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

USFR vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USFR WisdomTree Floating Rate Treasury Fund	1.60%	4.23%	5.47%	5.18%	1.98%	-0.03%	0.56%	2.02%	2.01%	1.03%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	9.87%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between USFR and DGRW is -0.11, 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	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	-0.01
Correlation (10Y) Calculated over the trailing 10-year period	-0.00
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014	0.00

The correlation between USFR and DGRW shifts across timeframes, from -0.11 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.

Return for Risk

USFR vs. DGRW — 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

DGRW

DGRW Risk / Return Rank: 66
DGRW Sharpe Ratio Rank: 69
DGRW Sortino Ratio Rank: 72
DGRW Omega Ratio Rank: 70
DGRW Calmar Ratio Rank: 54
DGRW Martin Ratio Rank: 65

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. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Floating Rate Treasury Fund (USFR) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). 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	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	15.01	2.22	+12.79
Sortino ratio: Return per unit of downside risk	50.39	3.22	+47.16
Omega ratio: Gain probability vs. loss probability	13.37	1.41	+11.96
Calmar ratio: Return relative to maximum drawdown	202.38	2.64	+199.73
Martin ratio: Return relative to average drawdown	783.80	11.58	+772.22
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. DGRW - Sharpe Ratio Comparison

The current USFR Sharpe Ratio is 15.01, which is higher than the DGRW Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of USFR and DGRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USFR	DGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	15.01	2.22	+12.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	9.25	0.89	+8.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	3.07	0.88	+2.20
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	0.86	+0.74

Drawdowns

USFR vs. DGRW - Drawdown Comparison

The maximum USFR drawdown since its inception was -1.36%, smaller than the maximum DGRW drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for USFR and DGRW.

Drawdown Indicators

	USFR	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-1.36%	-32.04%	+30.68%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-8.30%	+8.28%
Max Drawdown (3Y) Largest decline over 3 years	-0.06%	-16.21%	+16.15%
Max Drawdown (5Y) Largest decline over 5 years	-0.18%	-17.27%	+17.09%
Max Drawdown (10Y) Largest decline over 10 years	-0.80%	-32.04%	+31.24%
Current Drawdown Current decline from peak	0.00%	-0.12%	+0.12%
Average Drawdown Average peak-to-trough decline	-0.16%	-3.01%	+2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	1.89%	-1.88%

Volatility

USFR vs. DGRW - Volatility Comparison

The current volatility for WisdomTree Floating Rate Treasury Fund (USFR) is 0.06%, while WisdomTree U.S. Quality Dividend Growth Fund (DGRW) has a volatility of 2.49%. This indicates that USFR experiences smaller price fluctuations and is considered to be less risky than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USFR	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.06%	2.49%	-2.43%
Volatility (6M) Calculated over the trailing 6-month period	0.18%	7.67%	-7.49%
Volatility (1Y) Calculated over the trailing 1-year period	0.27%	9.89%	-9.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.40%	13.97%	-13.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.81%	16.21%	-15.40%

USFR vs. DGRW - Expense Ratio Comparison

USFR has a 0.15% expense ratio, which is lower than DGRW's 0.28% expense ratio.

Dividends

USFR vs. DGRW - Dividend Comparison

USFR's dividend yield for the trailing twelve months is around 3.91%, more than DGRW's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.26%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
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

Can I hold both USFR and DGRW in my portfolio?

USFR and DGRW have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USFR or DGRW?

DGRW has higher volatility (2.49%) compared to USFR (0.06%). In terms of maximum drawdown, USFR dropped -1.36% vs DGRW's -32.04%.

Which ETF is better, USFR or DGRW?

On 10-year performance, DGRW leads with 14.19% vs 2.47% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USFR or DGRW?

Over the 10-year period, DGRW has performed better with a 14.19% return vs 2.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USFR or DGRW?

USFR is cheaper with a 0.15% expense ratio, compared with 0.28% for DGRW.

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

USFR has the higher dividend yield at 3.91%, compared with 1.26% for DGRW.

What is the main difference between USFR and DGRW?

USFR is categorized as Government Bonds, while DGRW is Dividend. USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. Their fees differ too: 0.15% for USFR and 0.28% for DGRW.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (15.01 vs 2.22), 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.