USFR vs. FLTR

Last updated Jun 5, 2026

USFR (WisdomTree Floating Rate Treasury Fund) and FLTR (VanEck Vectors Investment Grade Floating Rate ETF) are both exchange-traded funds - USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index, while FLTR is a Corporate Bonds fund tracking the MVIS US Investment Grade Floating Rate Index. Both are passively managed. Over the past 10 years, USFR returned 2.47%/yr vs 3.50%/yr for FLTR. At a 0.06 correlation, their price movements are largely independent. USFR charges 0.15%/yr vs 0.14%/yr for FLTR.

Performance

USFR vs. FLTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Floating Rate Treasury Fund (USFR) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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 FLTR's 1.95% return. Over the past 10 years, USFR has underperformed FLTR with an annualized return of 2.47%, while FLTR has yielded a comparatively higher 3.50% 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%

FLTR

• 1D: 0.04%
• 1M: 0.50%
• YTD: 1.95%
• 6M: 2.48%
• 1Y: 5.30%
• 3Y*: 6.10%
• 5Y*: 4.50%
• 10Y*: 3.50%

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

USFR vs. FLTR - 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%
FLTR VanEck Vectors Investment Grade Floating Rate ETF	1.95%	5.22%	7.38%	7.41%	0.74%	0.55%	1.44%	5.70%	0.30%	2.80%

Correlation

The correlation between USFR and FLTR is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014	0.06

Return for Risk

USFR vs. FLTR — 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

FLTR

FLTR Risk / Return Rank: 99
FLTR Sharpe Ratio Rank: 99
FLTR Sortino Ratio Rank: 99
FLTR Omega Ratio Rank: 99
FLTR Calmar Ratio Rank: 98
FLTR Martin Ratio Rank: 99

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. FLTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Floating Rate Treasury Fund (USFR) and VanEck Vectors Investment Grade Floating Rate ETF (FLTR). 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	FLTR	Difference
Sharpe ratio: Return per unit of total volatility	15.01	6.77	+8.24
Sortino ratio: Return per unit of downside risk	50.39	12.78	+37.61
Omega ratio: Gain probability vs. loss probability	13.37	3.15	+10.22
Calmar ratio: Return relative to maximum drawdown	202.38	16.96	+185.42
Martin ratio: Return relative to average drawdown	783.80	101.22	+682.58
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. FLTR - Sharpe Ratio Comparison

The current USFR Sharpe Ratio is 15.01, which is higher than the FLTR Sharpe Ratio of 6.77. The chart below compares the historical Sharpe Ratios of USFR and FLTR, 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	FLTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	15.01	6.77	+8.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	9.25	2.12	+7.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	3.07	0.70	+2.37
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	0.53	+1.08

Drawdowns

USFR vs. FLTR - Drawdown Comparison

The maximum USFR drawdown since its inception was -1.36%, smaller than the maximum FLTR drawdown of -17.84%. Use the drawdown chart below to compare losses from any high point for USFR and FLTR.

Drawdown Indicators

	USFR	FLTR	Difference
Max Drawdown Largest peak-to-trough decline	-1.36%	-17.84%	+16.48%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-0.31%	+0.29%
Max Drawdown (3Y) Largest decline over 3 years	-0.06%	-1.93%	+1.87%
Max Drawdown (5Y) Largest decline over 5 years	-0.18%	-3.06%	+2.88%
Max Drawdown (10Y) Largest decline over 10 years	-0.80%	-17.84%	+17.04%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.16%	-0.67%	+0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.05%	-0.04%

Volatility

USFR vs. FLTR - Volatility Comparison

The current volatility for WisdomTree Floating Rate Treasury Fund (USFR) is 0.06%, while VanEck Vectors Investment Grade Floating Rate ETF (FLTR) has a volatility of 0.25%. This indicates that USFR experiences smaller price fluctuations and is considered to be less risky than FLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USFR	FLTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.06%	0.25%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	0.18%	0.62%	-0.44%
Volatility (1Y) Calculated over the trailing 1-year period	0.27%	0.79%	-0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.40%	2.13%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.81%	5.00%	-4.19%

USFR vs. FLTR - Expense Ratio Comparison

USFR has a 0.15% expense ratio, which is higher than FLTR's 0.14% 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. FLTR - Dividend Comparison

USFR's dividend yield for the trailing twelve months is around 3.91%, less than FLTR's 4.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLTR VanEck Vectors Investment Grade Floating Rate ETF	4.73%	4.97%	5.93%	6.07%	2.29%	0.63%	1.49%	3.05%	2.67%	1.69%	1.16%	0.71%
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 FLTR in my portfolio?

USFR and FLTR 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 FLTR?

FLTR has higher volatility (0.25%) compared to USFR (0.06%). In terms of maximum drawdown, USFR dropped -1.36% vs FLTR's -17.84%.

Which ETF is better, USFR or FLTR?

On 10-year performance, FLTR leads with 3.50% vs 2.47% for USFR. On fees, FLTR is cheaper at 0.14% 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 FLTR?

Over the 10-year period, FLTR has performed better with a 3.50% 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 FLTR?

FLTR is cheaper with a 0.14% expense ratio, compared with 0.15% for USFR.

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

FLTR has the higher dividend yield at 4.73%, compared with 3.91% for USFR.

What is the main difference between USFR and FLTR?

USFR is categorized as Government Bonds, while FLTR is Corporate Bonds. USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index, while FLTR tracks MVIS US Investment Grade Floating Rate Index. They also come from different issuers: WisdomTree and VanEck. Their fees differ too: 0.15% for USFR and 0.14% for FLTR.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (15.01 vs 6.77), 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.