USFR vs. VGSH
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 Barclays U.S. 1-3 Year Government Float Adjusted 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USFR or VGSH.
Key characteristics
| USFR | VGSH | |
|---|---|---|
| YTD Return | 2.08% | 0.35% |
| 1Y Return | 5.51% | 2.18% |
| 3Y Return (Ann) | 3.06% | 0.00% |
| 5Y Return (Ann) | 2.18% | 1.10% |
| 10Y Return (Ann) | 2.11% | 1.00% |
| Sharpe Ratio | 15.11 | 1.17 |
| Daily Std Dev | 0.37% | 2.00% |
| Max Drawdown | -1.36% | -5.70% |
| Current Drawdown | 0.00% | -0.15% |
Correlation
The correlation between USFR and VGSH is 0.02, 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.
Performance
USFR vs. VGSH - Performance Comparison
In the year-to-date period, USFR achieves a 2.08% return, which is significantly higher than VGSH's 0.35% return. Over the past 10 years, USFR has outperformed VGSH with an annualized return of 2.11%, while VGSH has yielded a comparatively lower 1.00% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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USFR vs. VGSH - Expense Ratio Comparison
USFR has a 0.15% expense ratio, which is higher than VGSH's 0.04% 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%.
Risk-Adjusted Performance
USFR vs. VGSH - Risk-Adjusted Performance 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.
Dividends
USFR vs. VGSH - Dividend Comparison
USFR's dividend yield for the trailing twelve months is around 5.34%, more than VGSH's 3.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.34% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% | 0.00% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 3.79% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.82% | 0.71% | 0.46% | 0.34% |
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. For additional features, visit the drawdowns tool.
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 0.62%. 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.