USFR vs. VWRL.L
USFR (WisdomTree Floating Rate Treasury Fund) and VWRL.L (Vanguard FTSE All-World UCITS ETF Distributing) are both exchange-traded funds - USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index, while VWRL.L is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 10 years, USFR returned 2.41%/yr vs 12.64%/yr for VWRL.L. At a correlation of -0.04, they often move in opposite directions. USFR charges 0.15%/yr vs 0.19%/yr for VWRL.L.
Performance
USFR vs. VWRL.L - Performance Comparison
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Different Trading Currencies
USFR is traded in USD, while VWRL.L is traded in GBP. To make them comparable, the VWRL.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, USFR achieves a 1.66% return, which is significantly lower than VWRL.L's 9.58% return. Over the past 10 years, USFR has underperformed VWRL.L with an annualized return of 2.41%, while VWRL.L has yielded a comparatively higher 12.64% annualized return.
USFR
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.66%
- 6M
- 1.98%
- 1Y
- 4.03%
- 3Y*
- 4.74%
- 5Y*
- 3.67%
- 10Y*
- 2.41%
VWRL.L
- 1D
- 0.00%
- 1M
- 0.31%
- YTD
- 9.58%
- 6M
- 10.87%
- 1Y
- 25.94%
- 3Y*
- 20.13%
- 5Y*
- 10.81%
- 10Y*
- 12.64%
USFR vs. VWRL.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USFR WisdomTree Floating Rate Treasury Fund | 1.66% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 9.41% | 22.59% | 17.61% | 21.71% | -18.22% | 18.96% | 15.56% | 26.94% | -10.10% | 23.98% |
Correlation
The correlation between USFR and VWRL.L is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2014 | -0.04 |
The correlation between USFR and VWRL.L shifts across timeframes, from -0.15 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USFR vs. VWRL.L — Risk / Return Rank
USFR
VWRL.L
USFR vs. VWRL.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Floating Rate Treasury Fund (USFR) and Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L). 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 | VWRL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +12.78 | ||
| Sortino ratioReturn per unit of downside risk | +47.47 | ||
| Omega ratioGain probability vs. loss probability | 13.43 | 1.39 | +12.04 |
| Calmar ratioReturn relative to maximum drawdown | 203.42 | 2.84 | +200.58 |
| Martin ratioReturn relative to average drawdown | 787.83 | 12.31 | +775.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USFR | VWRL.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 14.95 | 2.17 | +12.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 9.30 | 0.72 | +8.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 3.09 | 0.81 | +2.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.61 | 0.79 | +0.82 |
Drawdowns
USFR vs. VWRL.L - Drawdown Comparison
The maximum USFR drawdown since its inception was -1.36%, smaller than the maximum VWRL.L drawdown of -33.11%. Use the drawdown chart below to compare losses from any high point for USFR and VWRL.L.
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Drawdown Indicators
| USFR | VWRL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.36% | -33.11% | +31.75% |
Max Drawdown (1Y)Largest decline over 1 year | -0.02% | -9.11% | +9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -0.06% | -16.28% | +16.22% |
Max Drawdown (5Y)Largest decline over 5 years | -0.18% | -26.74% | +26.56% |
Max Drawdown (10Y)Largest decline over 10 years | -0.80% | -33.11% | +32.31% |
Current DrawdownCurrent decline from peak | 0.00% | -2.59% | +2.59% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -4.53% | +4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 2.10% | -2.09% |
Volatility
USFR vs. VWRL.L - Volatility Comparison
The current volatility for WisdomTree Floating Rate Treasury Fund (USFR) is 0.08%, while Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) has a volatility of 3.54%. This indicates that USFR experiences smaller price fluctuations and is considered to be less risky than VWRL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USFR | VWRL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 3.54% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 0.19% | 9.29% | -9.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.27% | 11.92% | -11.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.40% | 15.08% | -14.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.78% | 15.56% | -14.78% |
USFR vs. VWRL.L - Expense Ratio Comparison
USFR has a 0.15% expense ratio, which is lower than VWRL.L's 0.19% expense ratio. Despite the difference, 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. VWRL.L - Dividend Comparison
USFR's dividend yield for the trailing twelve months is around 3.91%, more than VWRL.L's 1.26% 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% |
VWRL.L Vanguard FTSE All-World UCITS ETF Distributing | 1.26% | 1.39% | 1.49% | 1.72% | 2.03% | 1.45% | 1.58% | 1.95% | 2.22% | 1.90% | 1.95% | 2.00% |
Frequently Asked Questions
USFR and VWRL.L have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USFR is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USFR is cheaper with a 0.15% expense ratio, compared with 0.19% for VWRL.L.
USFR is categorized as Government Bonds, while VWRL.L is Global Equities. USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index, while VWRL.L tracks FTSE All-World Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.15% for USFR and 0.19% for VWRL.L.
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