USSH vs. FBDC

Last updated Jun 4, 2026

USSH (WisdomTree 1-3 Year Laddered Treasury Fund) and FBDC (FT Confluence BDC & Specialty Finance Income ETF) are both exchange-traded funds - USSH is a Government Bonds fund tracking the Bloomberg US Treasury 1-3 Year Laddered Index, while FBDC is a Financials Equities fund actively managed by First Trust. USSH is passively managed, while FBDC is actively managed. At a 0.09 correlation, their price movements are largely independent. USSH charges 0.15%/yr vs 1.35%/yr for FBDC.

Performance

USSH vs. FBDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree 1-3 Year Laddered Treasury Fund (USSH) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USSH achieves a 0.39% return, which is significantly higher than FBDC's -9.51% return.

USSH

• 1D: -0.06%
• 1M: 0.06%
• YTD: 0.39%
• 6M: 0.66%
• 1Y: 3.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBDC

• 1D: -2.98%
• 1M: -7.81%
• YTD: -9.51%
• 6M: -10.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USSH vs. FBDC - Yearly Performance Comparison

	2026 (YTD)	2025
USSH WisdomTree 1-3 Year Laddered Treasury Fund	0.39%	2.21%
FBDC FT Confluence BDC & Specialty Finance Income ETF	-9.51%	-2.43%

Correlation

The correlation between USSH and FBDC is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.09

Return for Risk

USSH vs. FBDC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USSH

USSH Risk / Return Rank: 82
USSH Sharpe Ratio Rank: 79
USSH Sortino Ratio Rank: 91
USSH Omega Ratio Rank: 86
USSH Calmar Ratio Rank: 75
USSH Martin Ratio Rank: 78

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.

USSH vs. FBDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree 1-3 Year Laddered Treasury Fund (USSH) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). 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.

	USSH	FBDC	Difference
Sharpe ratio Return per unit of total volatility	2.54	—	—
Sortino ratio Return per unit of downside risk	4.29	—	—
Omega ratio Gain probability vs. loss probability	1.52	—	—
Calmar ratio Return relative to maximum drawdown	3.76	—	—
Martin ratio Return relative to average drawdown	14.91	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	USSH	FBDC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.74	-0.70	+3.44

Drawdowns

USSH vs. FBDC - Drawdown Comparison

The maximum USSH drawdown since its inception was -1.01%, smaller than the maximum FBDC drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for USSH and FBDC.

Drawdown Indicators

	USSH	FBDC	Difference
Max Drawdown Largest peak-to-trough decline	-1.01%	-20.60%	+19.59%
Max Drawdown (1Y) Largest decline over 1 year	-0.87%	—	—
Current Drawdown Current decline from peak	-0.33%	-17.24%	+16.91%
Average Drawdown Average peak-to-trough decline	-0.20%	-10.14%	+9.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	—	—

Volatility

Volatility by Period

	USSH	FBDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.88%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.29%	18.06%	-16.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.53%	18.06%	-16.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.53%	18.06%	-16.53%

USSH vs. FBDC - Expense Ratio Comparison

USSH has a 0.15% expense ratio, which is lower than FBDC's 1.35% expense ratio.

Dividends

USSH vs. FBDC - Dividend Comparison

USSH's dividend yield for the trailing twelve months is around 3.64%, less than FBDC's 11.52% yield.

Position	TTM	2025	2024
FBDC FT Confluence BDC & Specialty Finance Income ETF	11.52%	5.41%	0.00%
USSH WisdomTree 1-3 Year Laddered Treasury Fund	3.64%	3.67%	3.22%

Frequently Asked Questions

Can I hold both USSH and FBDC in my portfolio?

USSH and FBDC have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, USSH or FBDC?

On fees, USSH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, USSH or FBDC?

USSH is cheaper with a 0.15% expense ratio, compared with 1.35% for FBDC.

Which ETF pays a higher dividend yield, USSH or FBDC?

FBDC has the higher dividend yield at 11.52%, compared with 3.64% for USSH.

What is the main difference between USSH and FBDC?

USSH is categorized as Government Bonds, while FBDC is Financials Equities. They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.15% for USSH and 1.35% for FBDC.