VTWV vs. USFR
VTWV (Vanguard Russell 2000 Value ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - VTWV is a Small Cap Value Equities fund tracking the Russell 2000 Value Index, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 10 years, VTWV returned 10.91%/yr vs 2.43%/yr for USFR. At a correlation of -0.01, they often move in opposite directions. VTWV charges 0.10%/yr vs 0.15%/yr for USFR.
Performance
VTWV vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, VTWV achieves a 21.24% return, which is significantly higher than USFR's 1.78% return. Over the past 10 years, VTWV has outperformed USFR with an annualized return of 10.91%, while USFR has yielded a comparatively lower 2.43% annualized return.
VTWV
- 1D
- 0.55%
- 1M
- 3.72%
- YTD
- 21.24%
- 6M
- 18.40%
- 1Y
- 45.20%
- 3Y*
- 19.74%
- 5Y*
- 7.74%
- 10Y*
- 10.91%
USFR
- 1D
- 0.00%
- 1M
- 0.29%
- YTD
- 1.78%
- 6M
- 1.89%
- 1Y
- 3.97%
- 3Y*
- 4.72%
- 5Y*
- 3.70%
- 10Y*
- 2.43%
VTWV vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTWV Vanguard Russell 2000 Value ETF | 21.24% | 12.72% | 7.83% | 14.67% | -14.46% | 27.90% | 4.88% | 22.44% | -13.34% | 8.06% |
USFR WisdomTree Floating Rate Treasury Fund | 1.78% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between VTWV and USFR is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | -0.01 |
The correlation between VTWV and USFR shifts across timeframes, from -0.17 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VTWV vs. USFR — Risk / Return Rank
VTWV
USFR
VTWV vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Russell 2000 Value ETF (VTWV) and WisdomTree 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VTWV | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.19 | ||
| Sortino ratioReturn per unit of downside risk | -46.46 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 13.24 | -11.83 |
| Calmar ratioReturn relative to maximum drawdown | 5.26 | 200.29 | -195.04 |
| Martin ratioReturn relative to average drawdown | 17.96 | 775.73 | -757.77 |
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Drawdowns
VTWV vs. USFR - Drawdown Comparison
The maximum VTWV drawdown since its inception was -45.73%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for VTWV and USFR.
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Drawdown Indicators
| VTWV | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.73% | -1.36% | -44.37% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -0.02% | -8.62% |
Max Drawdown (3Y)Largest decline over 3 years | -26.72% | -0.06% | -26.66% |
Max Drawdown (5Y)Largest decline over 5 years | -26.72% | -0.18% | -26.54% |
Max Drawdown (10Y)Largest decline over 10 years | -45.73% | -0.80% | -44.93% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -0.15% | -7.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 0.01% | +2.51% |
Volatility
VTWV vs. USFR - Volatility Comparison
Vanguard Russell 2000 Value ETF (VTWV) has a higher volatility of 5.32% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that VTWV'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.
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Volatility by Period
| VTWV | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 0.08% | +5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 12.61% | 0.19% | +12.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.46% | 0.27% | +18.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 0.40% | +21.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 0.78% | +22.79% |
VTWV vs. USFR - Expense Ratio Comparison
VTWV has a 0.10% 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%.
Dividends
VTWV vs. USFR - Dividend Comparison
VTWV's dividend yield for the trailing twelve months is around 1.63%, less than USFR's 3.91% 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% |
VTWV Vanguard Russell 2000 Value ETF | 1.63% | 1.79% | 1.78% | 2.02% | 2.07% | 1.60% | 1.49% | 1.82% | 2.04% | 1.63% | 1.57% | 2.03% |
Frequently Asked Questions
VTWV and USFR have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTWV has higher volatility (5.32%) compared to USFR (0.08%). In terms of maximum drawdown, VTWV dropped -45.73% vs USFR's -1.36%.
On 10-year performance, VTWV leads with 10.91% vs 2.43% for USFR. On fees, VTWV is cheaper at 0.10% per year. On volatility, USFR has been the lower-risk option at 0.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VTWV has performed better with a 10.91% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTWV is cheaper with a 0.10% expense ratio, compared with 0.15% for USFR.
USFR has the higher dividend yield at 3.91%, compared with 1.63% for VTWV.
VTWV is categorized as Small Cap Value Equities, while USFR is Government Bonds. VTWV tracks Russell 2000 Value Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: Vanguard and WisdomTree. Their fees differ too: 0.10% for VTWV and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.65 vs 2.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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