VDTA.L vs. TFRN.L
VDTA.L (Vanguard USD Treasury Bond UCITS ETF Accumulating) and TFRN.L (WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc) are both Government Bonds funds - VDTA.L tracks the Bloomberg Global Aggregate US Treasury Float Adjusted index while TFRN.L tracks the Bloomberg US Treasury Floating Rate Bond Index. Both are passively managed. Over the past 5 years, VDTA.L returned -0.41%/yr vs 3.60%/yr for TFRN.L. At a correlation of -0.00, they often move in opposite directions. VDTA.L charges 0.05%/yr vs 0.15%/yr for TFRN.L.
Performance
VDTA.L vs. TFRN.L - Performance Comparison
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Returns By Period
In the year-to-date period, VDTA.L achieves a -0.23% return, which is significantly lower than TFRN.L's 1.58% return.
VDTA.L
- 1D
- 0.21%
- 1M
- 0.17%
- YTD
- -0.23%
- 6M
- 0.10%
- 1Y
- 3.61%
- 3Y*
- 2.87%
- 5Y*
- -0.41%
- 10Y*
- —
TFRN.L
- 1D
- 0.04%
- 1M
- 0.30%
- YTD
- 1.58%
- 6M
- 1.88%
- 1Y
- 3.85%
- 3Y*
- 4.69%
- 5Y*
- 3.60%
- 10Y*
- —
VDTA.L vs. TFRN.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VDTA.L Vanguard USD Treasury Bond UCITS ETF Accumulating | -0.23% | 6.25% | 0.93% | 3.71% | -12.37% | -2.33% | 7.64% | 4.94% |
TFRN.L WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc | 1.58% | 4.11% | 5.44% | 4.93% | 2.04% | -0.15% | 0.57% | 1.48% |
Correlation
The correlation between VDTA.L and TFRN.L is 0.03, 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 (1Y) Calculated over the trailing 1-year period | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2019 | -0.00 |
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Return for Risk
VDTA.L vs. TFRN.L — Risk / Return Rank
VDTA.L
TFRN.L
VDTA.L vs. TFRN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.L) and WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc (TFRN.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.
| VDTA.L | TFRN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.97 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.57 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 3.97 | -2.73 |
| Martin ratioReturn relative to average drawdown | 3.80 | 34.35 | -30.55 |
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
| VDTA.L | TFRN.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 2.00 | -0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 2.40 | -2.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 1.47 | -1.25 |
Drawdowns
VDTA.L vs. TFRN.L - Drawdown Comparison
The maximum VDTA.L drawdown since its inception was -18.82%, which is greater than TFRN.L's maximum drawdown of -3.10%. Use the drawdown chart below to compare losses from any high point for VDTA.L and TFRN.L.
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Drawdown Indicators
| VDTA.L | TFRN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.82% | -3.10% | -15.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.90% | -0.97% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -0.97% | -4.18% |
Max Drawdown (5Y)Largest decline over 5 years | -16.41% | -0.97% | -15.44% |
Current DrawdownCurrent decline from peak | -6.97% | -0.12% | -6.85% |
Average DrawdownAverage peak-to-trough decline | -8.11% | -0.09% | -8.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.11% | +0.83% |
Volatility
VDTA.L vs. TFRN.L - Volatility Comparison
Vanguard USD Treasury Bond UCITS ETF Accumulating (VDTA.L) has a higher volatility of 1.37% compared to WisdomTree USD Floating Rate Treasury Bond UCITS ETF - USD Acc (TFRN.L) at 0.50%. This indicates that VDTA.L's price experiences larger fluctuations and is considered to be riskier than TFRN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VDTA.L | TFRN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 0.50% | +0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 0.98% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.51% | 1.92% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.57% | 1.50% | +4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.35% | 1.89% | +3.46% |
VDTA.L vs. TFRN.L - Expense Ratio Comparison
VDTA.L has a 0.05% expense ratio, which is lower than TFRN.L's 0.15% 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
VDTA.L vs. TFRN.L - Dividend Comparison
Neither VDTA.L nor TFRN.L has paid dividends to shareholders.
Frequently Asked Questions
VDTA.L and TFRN.L have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDTA.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDTA.L is cheaper with a 0.05% expense ratio, compared with 0.15% for TFRN.L.
VDTA.L tracks Bloomberg Global Aggregate US Treasury Float Adjusted index, while TFRN.L tracks Bloomberg US Treasury Floating Rate Bond Index. They also come from different issuers: Vanguard and WisdomTree. Their fees differ too: 0.05% for VDTA.L and 0.15% for TFRN.L.
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