USFR vs. VBIL

Last updated Jun 5, 2026

USFR (WisdomTree Floating Rate Treasury Fund) and VBIL (Vanguard 0-3 Month Treasury Bill ETF) are both exchange-traded funds - USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index, while VBIL is a Ultrashort Bond fund tracking the Bloomberg US Treasury Bills 0-3 Months Index. Both are passively managed. Over the past year, USFR returned 4.01% vs 3.93% for VBIL. At a 0.25 correlation, their price movements are largely independent. USFR charges 0.15%/yr vs 0.07%/yr for VBIL.

Performance

USFR vs. VBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Floating Rate Treasury Fund (USFR) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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 higher than VBIL's 1.51% 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%

VBIL

• 1D: 0.01%
• 1M: 0.30%
• YTD: 1.51%
• 6M: 1.81%
• 1Y: 3.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USFR vs. VBIL - Yearly Performance Comparison

	2026 (YTD)	2025
USFR WisdomTree Floating Rate Treasury Fund	1.60%	3.69%
VBIL Vanguard 0-3 Month Treasury Bill ETF	1.51%	3.71%

Correlation

The correlation between USFR and VBIL is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (All Time) Calculated using the full available price history since Feb 12, 2025	0.25

Return for Risk

USFR vs. VBIL — 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

VBIL

VBIL Risk / Return Rank: 100
VBIL Sharpe Ratio Rank: 100
VBIL Sortino Ratio Rank: 100
VBIL Omega Ratio Rank: 100
VBIL Calmar Ratio Rank: 99
VBIL 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. VBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Floating Rate Treasury Fund (USFR) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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	VBIL	Difference
Sharpe ratio: Return per unit of total volatility	15.01	15.14	-0.13
Sortino ratio: Return per unit of downside risk	50.39	39.04	+11.34
Omega ratio: Gain probability vs. loss probability	13.37	21.07	-7.70
Calmar ratio: Return relative to maximum drawdown	202.38	42.54	+159.84
Martin ratio: Return relative to average drawdown	783.80	531.60	+252.20
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. VBIL - Sharpe Ratio Comparison

The current USFR Sharpe Ratio is 15.01, which is comparable to the VBIL Sharpe Ratio of 15.14. The chart below compares the historical Sharpe Ratios of USFR and VBIL, 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	VBIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	15.01	15.14	-0.13
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	13.45	-11.85

Drawdowns

USFR vs. VBIL - Drawdown Comparison

The maximum USFR drawdown since its inception was -1.36%, which is greater than VBIL's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for USFR and VBIL.

Drawdown Indicators

	USFR	VBIL	Difference
Max Drawdown Largest peak-to-trough decline	-1.36%	-0.09%	-1.27%
Max Drawdown (1Y) Largest decline over 1 year	-0.02%	-0.09%	+0.07%
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%	0.01%	0.00%

Volatility

USFR vs. VBIL - Volatility Comparison

WisdomTree Floating Rate Treasury Fund (USFR) and Vanguard 0-3 Month Treasury Bill ETF (VBIL) have volatilities of 0.06% and 0.06%, 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.

Volatility by Period

	USFR	VBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.06%	0.06%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	0.18%	0.16%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	0.27%	0.26%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.40%	0.30%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.81%	0.30%	+0.51%

USFR vs. VBIL - Expense Ratio Comparison

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

USFR's dividend yield for the trailing twelve months is around 3.91%, more than VBIL's 3.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
VBIL Vanguard 0-3 Month Treasury Bill ETF	3.65%	3.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USFR and VBIL in my portfolio?

USFR and VBIL have a correlation of 0.23, 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 VBIL?

VBIL has higher volatility (0.06%) compared to USFR (0.06%). In terms of maximum drawdown, USFR dropped -1.36% vs VBIL's -0.09%.

Which ETF is better, USFR or VBIL?

On 1-year performance, USFR leads with 4.01% vs 3.93% for VBIL. On fees, VBIL is cheaper at 0.07% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USFR or VBIL?

Over the 1-year period, USFR has performed better with a 4.01% return vs 3.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USFR or VBIL?

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

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

USFR has the higher dividend yield at 3.91%, compared with 3.65% for VBIL.

What is the main difference between USFR and VBIL?

USFR is categorized as Government Bonds, while VBIL is Ultrashort Bond. USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index, while VBIL tracks Bloomberg US Treasury Bills 0-3 Months Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.15% for USFR and 0.07% for VBIL.

Which has better risk-adjusted returns?

VBIL currently has the higher Sharpe Ratio (15.14 vs 15.01), 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.