USFR vs. VEA
USFR (WisdomTree Floating Rate Treasury Fund) and VEA (Vanguard FTSE Developed Markets ETF) are both exchange-traded funds - USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index, while VEA is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index. Both are passively managed. Over the past 10 years, USFR returned 2.42%/yr vs 10.72%/yr for VEA. At a 0.00 correlation, their price movements are largely independent. USFR charges 0.15%/yr vs 0.03%/yr for VEA.
Performance
USFR vs. VEA - Performance Comparison
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Returns By Period
In the year-to-date period, USFR achieves a 1.72% return, which is significantly lower than VEA's 14.73% return. Over the past 10 years, USFR has underperformed VEA with an annualized return of 2.42%, while VEA has yielded a comparatively higher 10.72% annualized return.
USFR
- 1D
- 0.02%
- 1M
- 0.31%
- YTD
- 1.72%
- 6M
- 1.96%
- 1Y
- 4.03%
- 3Y*
- 4.77%
- 5Y*
- 3.70%
- 10Y*
- 2.42%
VEA
- 1D
- 0.34%
- 1M
- 1.30%
- YTD
- 14.73%
- 6M
- 16.65%
- 1Y
- 29.82%
- 3Y*
- 19.03%
- 5Y*
- 9.51%
- 10Y*
- 10.72%
USFR vs. VEA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USFR WisdomTree Floating Rate Treasury Fund | 1.72% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
VEA Vanguard FTSE Developed Markets ETF | 14.73% | 35.16% | 3.15% | 17.93% | -15.34% | 11.66% | 9.71% | 22.62% | -14.75% | 26.42% |
Correlation
The correlation between USFR and VEA 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 | -0.04 |
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 4, 2014 | 0.00 |
The correlation between USFR and VEA 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. VEA — Risk / Return Rank
USFR
VEA
USFR vs. VEA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Floating Rate Treasury Fund (USFR) and Vanguard FTSE Developed Markets ETF (VEA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USFR | VEA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +13.14 | ||
| Sortino ratioReturn per unit of downside risk | +48.14 | ||
| Omega ratioGain probability vs. loss probability | 13.43 | 1.33 | +12.10 |
| Calmar ratioReturn relative to maximum drawdown | 203.42 | 2.58 | +200.84 |
| Martin ratioReturn relative to average drawdown | 787.83 | 9.92 | +777.91 |
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Drawdowns
USFR vs. VEA - Drawdown Comparison
The maximum USFR drawdown since its inception was -1.36%, smaller than the maximum VEA drawdown of -60.68%. Use the drawdown chart below to compare losses from any high point for USFR and VEA.
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Drawdown Indicators
| USFR | VEA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.36% | -60.68% | +59.32% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -11.63% | +11.61% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | -13.45% | +13.39% |
Max Drawdown (5Y)Largest decline over 5 years | -0.18% | -29.71% | +29.53% |
Max Drawdown (10Y)Largest decline over 10 years | -0.80% | -35.73% | +34.93% |
Current DrawdownCurrent decline from peak | 0.00% | -1.06% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -13.28% | +13.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 3.02% | -3.01% |
Volatility
USFR vs. VEA - Volatility Comparison
The current volatility for WisdomTree Floating Rate Treasury Fund (USFR) is 0.08%, while Vanguard FTSE Developed Markets ETF (VEA) has a volatility of 6.84%. This indicates that USFR experiences smaller price fluctuations and is considered to be less risky than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USFR | VEA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 6.84% | -6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 0.19% | 14.38% | -14.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.27% | 16.58% | -16.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.40% | 16.72% | -16.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.78% | 17.40% | -16.62% |
USFR vs. VEA - Expense Ratio Comparison
USFR has a 0.15% expense ratio, which is higher than VEA'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%.
Dividends
USFR vs. VEA - Dividend Comparison
USFR's dividend yield for the trailing twelve months is around 3.91%, more than VEA's 2.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VEA Vanguard FTSE Developed Markets ETF | 2.62% | 3.22% | 3.35% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% |
Frequently Asked Questions
USFR and VEA 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.
VEA has higher volatility (6.84%) compared to USFR (0.08%). In terms of maximum drawdown, USFR dropped -1.36% vs VEA's -60.68%.
On 10-year performance, VEA leads with 10.72% vs 2.42% for USFR. On fees, VEA is cheaper at 0.03% 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, VEA has performed better with a 10.72% return vs 2.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VEA is cheaper with a 0.03% expense ratio, compared with 0.15% for USFR.
USFR has the higher dividend yield at 3.91%, compared with 2.62% for VEA.
USFR is categorized as Government Bonds, while VEA is Foreign Large Cap Equities. USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index, while VEA tracks FTSE Developed All Cap ex US Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.15% for USFR and 0.03% for VEA.
USFR currently has the higher Sharpe Ratio (14.95 vs 1.81), 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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