USFR vs. GGOV
USFR (WisdomTree Floating Rate Treasury Fund) and GGOV (iShares Global Government Bond USD Hedged Active ETF) are both exchange-traded funds - USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index, while GGOV is a Global Bonds fund managed by iShares. At a 0.08 correlation, their price movements are largely independent. USFR charges 0.15%/yr vs 0.39%/yr for GGOV.
Performance
USFR vs. GGOV - Performance Comparison
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Returns By Period
In the year-to-date period, USFR achieves a 1.60% return, which is significantly lower than GGOV's 2.30% return.
USFR
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.60%
- 6M
- 1.98%
- 1Y
- 4.03%
- 3Y*
- 4.76%
- 5Y*
- 3.66%
- 10Y*
- 2.47%
GGOV
- 1D
- -0.16%
- 1M
- 0.60%
- YTD
- 2.30%
- 6M
- -1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USFR vs. GGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 2.11% |
GGOV iShares Global Government Bond USD Hedged Active ETF | 2.30% | -2.81% |
Correlation
The correlation between USFR and GGOV is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.08 |
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Return for Risk
USFR vs. GGOV — Risk / Return Rank
USFR
GGOV
USFR vs. GGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Floating Rate Treasury Fund (USFR) and iShares Global Government Bond USD Hedged Active ETF (GGOV). 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 | GGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 13.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 203.42 | — | — |
| Martin ratioReturn relative to average drawdown | 787.84 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USFR | GGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 15.11 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 9.26 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 3.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.60 | -0.11 | +1.72 |
Drawdowns
USFR vs. GGOV - Drawdown Comparison
The maximum USFR drawdown since its inception was -1.36%, smaller than the maximum GGOV drawdown of -4.69%. Use the drawdown chart below to compare losses from any high point for USFR and GGOV.
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Drawdown Indicators
| USFR | GGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.36% | -4.69% | +3.33% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | — | — |
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 DrawdownCurrent decline from peak | 0.00% | -1.50% | +1.50% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -1.59% | +1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | — | — |
Volatility
USFR vs. GGOV - Volatility Comparison
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Volatility by Period
| USFR | GGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.18% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.27% | 5.38% | -5.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.40% | 5.38% | -4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.81% | 5.38% | -4.57% |
USFR vs. GGOV - Expense Ratio Comparison
USFR has a 0.15% expense ratio, which is lower than GGOV's 0.39% expense ratio.
Dividends
USFR vs. GGOV - Dividend Comparison
USFR's dividend yield for the trailing twelve months is around 3.91%, while GGOV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GGOV iShares Global Government Bond USD Hedged Active ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Frequently Asked Questions
USFR and GGOV have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USFR is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USFR is cheaper with a 0.15% expense ratio, compared with 0.39% for GGOV.
USFR has the higher dividend yield at 3.91%, compared with 0.00% for GGOV.
USFR is categorized as Government Bonds, while GGOV is Global Bonds. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.15% for USFR and 0.39% for GGOV.
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