USFR vs. EMPB

Last updated Aug 5, 2026

USFR (WisdomTree Floating Rate Treasury Fund) and EMPB (Efficient Market Portfolio Plus ETF) are both exchange-traded funds - USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index, while EMPB is a Long-Short fund actively managed by NextGen EMP. USFR is passively managed, while EMPB is actively managed. Over the past year, USFR returned 3.97% vs 17.89% for EMPB. Their -0.16 correlation means they have often moved in opposite directions in the past. USFR charges 0.15%/yr vs 1.82%/yr for EMPB.

Performance

USFR vs. EMPB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Floating Rate Treasury Fund (USFR) and Efficient Market Portfolio Plus ETF (EMPB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USFR achieves a 2.29% return, which is significantly lower than EMPB's 17.05% return.

USFR

• 1D: 0.00%
• 1M: 0.36%
• 6M: 1.89%
• YTD: 2.29%
• 1Y: 3.97%
• 3Y*: 4.68%
• 5Y*: 3.81%
• 10Y*: 2.48%
• ALL TIME*: 1.98%

EMPB

• 1D: 2.61%
• 1M: 3.27%
• 6M: 15.27%
• YTD: 17.05%
• 1Y: 17.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 20.04%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EMPB Efficient Market Portfolio Plus ETF	$287.87K	$234.54K	$231.98K
USFR WisdomTree Floating Rate Treasury Fund	$352.79M	$265.75M	$249.59M

USFR vs. EMPB - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USFR WisdomTree Floating Rate Treasury Fund	2.29%	4.23%	0.32%
EMPB Efficient Market Portfolio Plus ETF	17.05%	14.84%	0.43%

Correlation

The correlation between USFR and EMPB is -0.18, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.18
Correlation (All Time) Calculated using the full available price history since Dec 12, 2024	-0.16

Return for Risk

USFR vs. EMPB — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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

EMPB

EMPB Risk / Return Rank: 61
EMPB Sharpe Ratio Rank: 55
EMPB Sortino Ratio Rank: 56
EMPB Omega Ratio Rank: 55
EMPB Calmar Ratio Rank: 76
EMPB Martin Ratio Rank: 64

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

USFR vs. EMPB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Floating Rate Treasury Fund (USFR) and Efficient Market Portfolio Plus ETF (EMPB). 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	EMPB	Difference
Sharpe ratio: Return per unit of total volatility	14.64	1.52	+13.13
Sortino ratio: Return per unit of downside risk	51.60	2.19	+49.41
Omega ratio: Gain probability vs. loss probability	14.07	1.28	+12.79
Calmar ratio: Return relative to maximum drawdown	200.37	3.00	+197.37
Martin ratio: Return relative to average drawdown	800.41	8.64	+791.78

USFR vs. EMPB - Sharpe Ratio Comparison

The current USFR Sharpe Ratio is 14.64, which is higher than the EMPB Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of USFR and EMPB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USFR vs. EMPB - Drawdown Comparison

The maximum USFR drawdown since its inception was -1.36%, smaller than the maximum EMPB drawdown of -7.55%. Use the drawdown chart below to compare losses from any high point for USFR and EMPB.

Drawdown Indicators

	USFR	EMPB	Difference
Max Drawdown Largest peak-to-trough decline	-1.36%	-7.55%	+6.19%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-5.98%	+5.96%
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%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.15%	-1.43%	+1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	2.08%	-2.08%

Volatility

USFR vs. EMPB - Volatility Comparison

The current volatility for WisdomTree Floating Rate Treasury Fund (USFR) is 0.09%, while Efficient Market Portfolio Plus ETF (EMPB) has a volatility of 4.45%. This indicates that USFR experiences smaller price fluctuations and is considered to be less risky than EMPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USFR	EMPB	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.09%	4.45%	-4.36%
Volatility (6M) Calculated over the trailing 6-month period	0.20%	9.00%	-8.80%
Volatility (1Y) Calculated over the trailing 1-year period	0.27%	11.91%	-11.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.39%	11.86%	-11.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.76%	11.86%	-11.10%

USFR vs. EMPB - Expense Ratio Comparison

USFR has a 0.15% expense ratio, which is lower than EMPB's 1.82% expense ratio.

Dividends

USFR vs. EMPB - Dividend Comparison

USFR's dividend yield for the trailing twelve months is around 3.79%, more than EMPB's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
EMPB Efficient Market Portfolio Plus ETF	0.75%	0.88%	0.28%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USFR WisdomTree Floating Rate Treasury Fund	3.79%	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 EMPB in my portfolio?

USFR and EMPB have a correlation of -0.18, 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 EMPB?

EMPB has higher volatility (4.45%) compared to USFR (0.09%). In terms of maximum drawdown, USFR dropped -1.36% vs EMPB's -7.55%.

Which ETF is better, USFR or EMPB?

On 1-year performance, EMPB leads with 17.89% vs 3.97% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USFR or EMPB?

Over the 1-year period, EMPB has performed better with a 17.89% return vs 3.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USFR or EMPB?

USFR is cheaper with a 0.15% expense ratio, compared with 1.82% for EMPB.

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

USFR has the higher dividend yield at 3.79%, compared with 0.75% for EMPB.

What is the main difference between USFR and EMPB?

USFR is categorized as Government Bonds, while EMPB is Long-Short. They also come from different issuers: WisdomTree and NextGen EMP. Their fees differ too: 0.15% for USFR and 1.82% for EMPB.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (14.64 vs 1.52), 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.