USFR vs. SGOV
Compare and contrast key facts about WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) and iShares 0-3 Month Treasury Bond ETF (SGOV).
USFR and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both USFR and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USFR or SGOV.
Performance
USFR vs. SGOV - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with USFR having a 4.79% return and SGOV slightly lower at 4.71%.
USFR
4.79%
0.45%
2.46%
5.32%
2.52%
2.38%
SGOV
4.71%
0.41%
2.60%
5.37%
N/A
N/A
Key characteristics
| USFR | SGOV | |
|---|---|---|
| Sharpe Ratio | 15.19 | 21.97 |
| Sortino Ratio | 56.08 | 530.73 |
| Omega Ratio | 13.95 | 531.73 |
| Calmar Ratio | 90.34 | 544.91 |
| Martin Ratio | 769.69 | 8,650.17 |
| Ulcer Index | 0.01% | 0.00% |
| Daily Std Dev | 0.35% | 0.25% |
| Max Drawdown | -1.36% | -0.03% |
| Current Drawdown | 0.00% | 0.00% |
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USFR vs. SGOV - Expense Ratio Comparison
USFR has a 0.15% expense ratio, which is higher than SGOV's 0.03% 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%.
Correlation
The correlation between USFR and SGOV is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
USFR vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
Dividends
USFR vs. SGOV - Dividend Comparison
USFR's dividend yield for the trailing twelve months is around 5.30%, more than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.30% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USFR vs. SGOV - Drawdown Comparison
The maximum USFR drawdown since its inception was -1.36%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for USFR and SGOV. For additional features, visit the drawdowns tool.
Volatility
USFR vs. SGOV - Volatility Comparison
WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) and iShares 0-3 Month Treasury Bond ETF (SGOV) have volatilities of 0.09% and 0.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.