USFR vs. VGSH

Last updated Apr 1, 2026

Compare and contrast key facts about WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) and Vanguard Short-Term Treasury ETF (VGSH).

USFR and VGSH 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. VGSH is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. Treasury 1-3 Year Index. It was launched on Nov 19, 2009. Both USFR and VGSH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

USFR vs. VGSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) and Vanguard Short-Term Treasury ETF (VGSH). The values are adjusted to include any dividend payments, if applicable.

USFR vs. VGSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USFR WisdomTree Bloomberg Floating Rate Treasury Fund	0.93%	4.23%	5.47%	5.18%	1.98%	-0.03%	0.56%	2.02%	2.01%	1.03%
VGSH Vanguard Short-Term Treasury ETF	0.28%	5.07%	4.00%	4.31%	-3.86%	-0.60%	3.04%	3.52%	1.55%	0.04%

Returns By Period

In the year-to-date period, USFR achieves a 0.93% return, which is significantly higher than VGSH's 0.28% return. Over the past 10 years, USFR has outperformed VGSH with an annualized return of 2.41%, while VGSH has yielded a comparatively lower 1.74% annualized return.

USFR

• 1D: 0.00%
• 1M: 0.27%
• YTD: 0.93%
• 6M: 2.02%
• 1Y: 4.10%
• 3Y*: 4.89%
• 5Y*: 3.52%
• 10Y*: 2.41%

VGSH

• 1D: 0.09%
• 1M: -0.49%
• YTD: 0.28%
• 6M: 1.37%
• 1Y: 3.75%
• 3Y*: 3.98%
• 5Y*: 1.79%
• 10Y*: 1.74%

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

USFR vs. VGSH - Expense Ratio Comparison

USFR has a 0.15% expense ratio, which is higher than VGSH'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%.

USFR

WisdomTree Bloomberg Floating Rate Treasury Fund

VGSH

Vanguard Short-Term Treasury ETF

Return for Risk

USFR vs. VGSH — 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

VGSH

VGSH Risk / Return Rank: 97
VGSH Sharpe Ratio Rank: 97
VGSH Sortino Ratio Rank: 98
VGSH Omega Ratio Rank: 97
VGSH Calmar Ratio Rank: 96
VGSH Martin Ratio Rank: 96

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. VGSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) and Vanguard Short-Term Treasury ETF (VGSH). 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	VGSH	Difference
Sharpe ratio Return per unit of total volatility	14.37	2.62	+11.75
Sortino ratio Return per unit of downside risk	42.77	4.21	+38.55
Omega ratio Gain probability vs. loss probability	10.64	1.57	+9.07
Calmar ratio Return relative to maximum drawdown	103.73	4.26	+99.47
Martin ratio Return relative to average drawdown	661.88	16.28	+645.60
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. VGSH - Sharpe Ratio Comparison

The current USFR Sharpe Ratio is 14.37, which is higher than the VGSH Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of USFR and VGSH, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	USFR	VGSH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	14.37	2.62	+11.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	8.63	0.92	+7.71
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	3.00	1.11	+1.89
Sharpe Ratio (All Time) Calculated using the full available price history	1.57	1.02	+0.55

Correlation

The correlation between USFR and VGSH is 0.05, 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.

Dividends

USFR vs. VGSH - Dividend Comparison

USFR's dividend yield for the trailing twelve months is around 4.00%, more than VGSH's 3.95% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USFR WisdomTree Bloomberg Floating Rate Treasury Fund	4.00%	4.15%	5.17%	5.12%	1.78%	0.01%	0.40%	2.08%	1.67%	1.03%	0.29%	0.00%
VGSH Vanguard Short-Term Treasury ETF	3.95%	4.00%	4.18%	3.31%	1.15%	0.66%	1.74%	2.28%	1.79%	1.10%	0.84%	0.69%

Drawdowns

USFR vs. VGSH - Drawdown Comparison

The maximum USFR drawdown since its inception was -1.36%, smaller than the maximum VGSH drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for USFR and VGSH.

Drawdown Indicators

	USFR	VGSH	Difference
Max Drawdown Largest peak-to-trough decline	-1.36%	-5.70%	+4.34%
Max Drawdown (1Y) Largest decline over 1 year	-0.04%	-0.88%	+0.84%
Max Drawdown (5Y) Largest decline over 5 years	-0.18%	-5.70%	+5.52%
Max Drawdown (10Y) Largest decline over 10 years	-0.80%	-5.70%	+4.90%
Current Drawdown Current decline from peak	0.00%	-0.49%	+0.49%
Average Drawdown Average peak-to-trough decline	-0.16%	-0.60%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.01%	0.23%	-0.22%

Volatility

USFR vs. VGSH - Volatility Comparison

The current volatility for WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) is 0.09%, while Vanguard Short-Term Treasury ETF (VGSH) has a volatility of 0.52%. This indicates that USFR experiences smaller price fluctuations and is considered to be less risky than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USFR	VGSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.09%	0.52%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	0.19%	0.84%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	0.29%	1.44%	-1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.41%	1.96%	-1.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.81%	1.57%	-0.76%