USFR vs. MGV
USFR (WisdomTree Floating Rate Treasury Fund) and MGV (Vanguard Mega Cap Value ETF) are both exchange-traded funds - USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index, while MGV is a Large Cap Value Equities fund tracking the CRSP US Mega Cap Value Index. Both are passively managed. Over the past 10 years, USFR returned 2.41%/yr vs 12.77%/yr for MGV. At a 0.00 correlation, their price movements are largely independent. USFR charges 0.15%/yr vs 0.05%/yr for MGV.
Performance
USFR vs. MGV - Performance Comparison
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Returns By Period
In the year-to-date period, USFR achieves a 1.66% return, which is significantly lower than MGV's 12.90% return. Over the past 10 years, USFR has underperformed MGV with an annualized return of 2.41%, while MGV has yielded a comparatively higher 12.77% annualized return.
USFR
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.66%
- 6M
- 1.98%
- 1Y
- 4.03%
- 3Y*
- 4.74%
- 5Y*
- 3.67%
- 10Y*
- 2.41%
MGV
- 1D
- 0.48%
- 1M
- 3.05%
- YTD
- 12.90%
- 6M
- 14.55%
- 1Y
- 26.25%
- 3Y*
- 18.43%
- 5Y*
- 12.03%
- 10Y*
- 12.77%
USFR vs. MGV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USFR WisdomTree Floating Rate Treasury Fund | 1.66% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
MGV Vanguard Mega Cap Value ETF | 12.90% | 15.45% | 16.94% | 9.16% | -1.22% | 25.93% | 2.50% | 25.54% | -4.13% | 16.85% |
Correlation
The correlation between USFR and MGV 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 | -0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014 | 0.00 |
The correlation between USFR and MGV shifts across timeframes, from -0.11 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USFR vs. MGV — Risk / Return Rank
USFR
MGV
USFR vs. MGV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Floating Rate Treasury Fund (USFR) and Vanguard Mega Cap Value ETF (MGV). 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 | MGV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +12.29 | ||
| Sortino ratioReturn per unit of downside risk | +46.89 | ||
| Omega ratioGain probability vs. loss probability | 13.43 | 1.48 | +11.95 |
| Calmar ratioReturn relative to maximum drawdown | 203.42 | 4.11 | +199.31 |
| Martin ratioReturn relative to average drawdown | 787.83 | 15.60 | +772.24 |
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 | MGV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 14.95 | 2.66 | +12.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 9.30 | 0.89 | +8.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 3.09 | 0.78 | +2.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 0.48 | +1.13 |
Drawdowns
USFR vs. MGV - Drawdown Comparison
The maximum USFR drawdown since its inception was -1.36%, smaller than the maximum MGV drawdown of -55.87%. Use the drawdown chart below to compare losses from any high point for USFR and MGV.
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Drawdown Indicators
| USFR | MGV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.36% | -55.87% | +54.51% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -6.42% | +6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | -13.18% | +13.12% |
Max Drawdown (5Y)Largest decline over 5 years | -0.18% | -16.54% | +16.36% |
Max Drawdown (10Y)Largest decline over 10 years | -0.80% | -35.41% | +34.61% |
Current DrawdownCurrent decline from peak | 0.00% | -0.98% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -7.69% | +7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 1.69% | -1.68% |
Volatility
USFR vs. MGV - Volatility Comparison
The current volatility for WisdomTree Floating Rate Treasury Fund (USFR) is 0.08%, while Vanguard Mega Cap Value ETF (MGV) has a volatility of 2.66%. This indicates that USFR experiences smaller price fluctuations and is considered to be less risky than MGV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USFR | MGV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 2.66% | -2.58% |
Volatility (6M)Calculated over the trailing 6-month period | 0.19% | 7.61% | -7.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.27% | 9.93% | -9.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.40% | 13.58% | -13.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.78% | 16.34% | -15.56% |
USFR vs. MGV - Expense Ratio Comparison
USFR has a 0.15% expense ratio, which is higher than MGV's 0.05% 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. MGV - Dividend Comparison
USFR's dividend yield for the trailing twelve months is around 3.91%, more than MGV's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MGV Vanguard Mega Cap Value ETF | 1.89% | 2.04% | 2.31% | 2.48% | 2.45% | 2.17% | 2.47% | 2.69% | 2.65% | 2.34% | 2.53% | 2.59% |
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
USFR and MGV 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.
MGV has higher volatility (2.66%) compared to USFR (0.08%). In terms of maximum drawdown, USFR dropped -1.36% vs MGV's -55.87%.
On 10-year performance, MGV leads with 12.77% vs 2.41% for USFR. On fees, MGV is cheaper at 0.05% per year. On volatility, USFR has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MGV has performed better with a 12.77% return vs 2.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MGV is cheaper with a 0.05% expense ratio, compared with 0.15% for USFR.
USFR has the higher dividend yield at 3.91%, compared with 1.89% for MGV.
USFR is categorized as Government Bonds, while MGV is Large Cap Value Equities. USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index, while MGV tracks CRSP US Mega Cap Value Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.15% for USFR and 0.05% for MGV.
USFR currently has the higher Sharpe Ratio (14.95 vs 2.66), 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.
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