VMFXX vs. USFR
Compare and contrast key facts about Vanguard Federal Money Market Fund (VMFXX) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
VMFXX is managed by Vanguard. It was launched on Sep 1, 2010. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMFXX or USFR.
Key characteristics
| VMFXX | USFR | |
|---|---|---|
| YTD Return | 3.59% | 3.87% |
| 1Y Return | 5.45% | 5.37% |
| 3Y Return (Ann) | 3.40% | 3.65% |
| 5Y Return (Ann) | 2.24% | 2.41% |
| 10Y Return (Ann) | 1.49% | 2.28% |
| Sharpe Ratio | 3.63 | 15.34 |
| Daily Std Dev | 1.49% | 0.35% |
| Max Drawdown | 0.00% | -1.36% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VMFXX and USFR 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.
Performance
VMFXX vs. USFR - Performance Comparison
In the year-to-date period, VMFXX achieves a 3.59% return, which is significantly lower than USFR's 3.87% return. Over the past 10 years, VMFXX has underperformed USFR with an annualized return of 1.49%, while USFR has yielded a comparatively higher 2.28% 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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VMFXX vs. USFR - Expense Ratio Comparison
VMFXX has a 0.00% expense ratio, which is lower than USFR'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%.
Risk-Adjusted Performance
VMFXX vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Federal Money Market Fund (VMFXX) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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
VMFXX vs. USFR - Dividend Comparison
VMFXX's dividend yield for the trailing twelve months is around 5.30%, less than USFR's 5.39% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMFXX Vanguard Federal Money Market Fund | 5.30% | 4.97% | 1.54% | 0.01% | 0.45% | 2.12% | 1.61% | 0.50% | 0.00% | 0.00% | 0.00% | 0.01% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.39% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% | 0.00% | 0.00% | 0.00% |
Drawdowns
VMFXX vs. USFR - Drawdown Comparison
The maximum VMFXX drawdown since its inception was 0.00%, smaller than the maximum USFR drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for VMFXX and USFR. For additional features, visit the drawdowns tool.
Volatility
VMFXX vs. USFR - Volatility Comparison
Vanguard Federal Money Market Fund (VMFXX) has a higher volatility of 0.45% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.13%. This indicates that VMFXX's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.