USFR vs. IBTE

Last updated Jun 5, 2026

USFR (WisdomTree Floating Rate Treasury Fund) and IBTE (iShares iBonds Dec 2024 Term Treasury ETF) are both Government Bonds funds - USFR tracks the Bloomberg U.S. Treasury Floating Rate Bond Index while IBTE tracks the ICE 2024 Maturity US Treasury Index. Both are passively managed. USFR charges 0.15%/yr vs 0.07%/yr for IBTE.

Performance

USFR vs. IBTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Floating Rate Treasury Fund (USFR) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

IBTE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USFR vs. IBTE - Yearly Performance Comparison

	2026 (YTD)
USFR WisdomTree Floating Rate Treasury Fund	1.17%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%

Return for Risk

USFR vs. IBTE — 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

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. IBTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Floating Rate Treasury Fund (USFR) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). 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	IBTE	Difference
Sharpe ratio: Return per unit of total volatility	15.01	—	—
Sortino ratio: Return per unit of downside risk	50.39	—	—
Omega ratio: Gain probability vs. loss probability	13.37	—	—
Calmar ratio: Return relative to maximum drawdown	202.38	—	—
Martin ratio: Return relative to average drawdown	783.80	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	USFR	IBTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	15.01	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	9.25	—	—
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	—	—

Drawdowns

USFR vs. IBTE - Drawdown Comparison

The maximum USFR drawdown since its inception was -1.36%, which is greater than IBTE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for USFR and IBTE.

Drawdown Indicators

	USFR	IBTE	Difference
Max Drawdown Largest peak-to-trough decline	-1.36%	0.00%	-1.36%
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 Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.16%	0.00%	-0.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	—	—

Volatility

Volatility by Period

	USFR	IBTE	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%	0.00%	+0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.40%	0.00%	+0.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.81%	0.00%	+0.81%

USFR vs. IBTE - Expense Ratio Comparison

USFR has a 0.15% expense ratio, which is higher than IBTE's 0.07% 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. IBTE - Dividend Comparison

USFR's dividend yield for the trailing twelve months is around 3.91%, while IBTE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IBTE iShares iBonds Dec 2024 Term Treasury 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

Which ETF is better, USFR or IBTE?

On fees, IBTE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USFR or IBTE?

IBTE is cheaper with a 0.07% expense ratio, compared with 0.15% for USFR.

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

USFR has the higher dividend yield at 3.91%, compared with 0.00% for IBTE.

What is the main difference between USFR and IBTE?

USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index, while IBTE tracks ICE 2024 Maturity US Treasury Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.15% for USFR and 0.07% for IBTE.