VUSB vs. USFR
VUSB (Vanguard Ultra-Short Bond ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - VUSB is a Ultrashort Bond fund actively managed by Vanguard, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. VUSB is actively managed, while USFR is passively managed. Over the past 5 years, VUSB returned 3.43%/yr vs 3.66%/yr for USFR. At a 0.10 correlation, their price movements are largely independent. VUSB charges 0.10%/yr vs 0.15%/yr for USFR.
Performance
VUSB vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, VUSB achieves a 1.39% return, which is significantly lower than USFR's 1.60% return.
VUSB
- 1D
- -0.02%
- 1M
- 0.40%
- YTD
- 1.39%
- 6M
- 1.76%
- 1Y
- 4.59%
- 3Y*
- 5.34%
- 5Y*
- 3.43%
- 10Y*
- —
USFR
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.60%
- 6M
- 1.98%
- 1Y
- 4.03%
- 3Y*
- 4.76%
- 5Y*
- 3.66%
- 10Y*
- 2.47%
VUSB vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VUSB Vanguard Ultra-Short Bond ETF | 1.39% | 5.20% | 5.68% | 5.52% | -0.36% | 0.00% |
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 4.23% | 5.47% | 5.18% | 1.98% | -0.07% |
Correlation
The correlation between VUSB and USFR is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2021 | 0.10 |
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Return for Risk
VUSB vs. USFR — Risk / Return Rank
VUSB
USFR
VUSB vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Ultra-Short Bond ETF (VUSB) 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.
| VUSB | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.01 | ||
| Sortino ratioReturn per unit of downside risk | -37.48 | ||
| Omega ratioGain probability vs. loss probability | 3.44 | 13.43 | -10.00 |
| Calmar ratioReturn relative to maximum drawdown | 12.43 | 203.42 | -190.99 |
| Martin ratioReturn relative to average drawdown | 71.97 | 787.84 | -715.87 |
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
| VUSB | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.10 | 15.11 | -8.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.14 | 9.26 | -5.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 3.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.09 | 1.60 | +2.49 |
Drawdowns
VUSB vs. USFR - Drawdown Comparison
The maximum VUSB drawdown since its inception was -1.79%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for VUSB and USFR.
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Drawdown Indicators
| VUSB | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.79% | -1.36% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -0.37% | -0.02% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -0.46% | -0.06% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -1.79% | -0.18% | -1.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -0.16% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.01% | +0.05% |
Volatility
VUSB vs. USFR - Volatility Comparison
Vanguard Ultra-Short Bond ETF (VUSB) has a higher volatility of 0.18% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that VUSB'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
| VUSB | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.06% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.52% | 0.18% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.65% | 0.27% | +0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.83% | 0.40% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.82% | 0.81% | +0.01% |
VUSB vs. USFR - Expense Ratio Comparison
VUSB 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
VUSB vs. USFR - Dividend Comparison
VUSB's dividend yield for the trailing twelve months is around 4.39%, more than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VUSB Vanguard Ultra-Short Bond ETF | 4.39% | 4.63% | 5.16% | 4.45% | 1.56% | 0.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VUSB and USFR have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VUSB has higher volatility (0.18%) compared to USFR (0.06%). In terms of maximum drawdown, VUSB dropped -1.79% vs USFR's -1.36%.
On 5-year performance, USFR leads with 3.66% vs 3.43% for VUSB. On fees, VUSB is cheaper at 0.10% per year. On volatility, USFR has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USFR has performed better with a 3.66% return vs 3.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VUSB is cheaper with a 0.10% expense ratio, compared with 0.15% for USFR.
VUSB has the higher dividend yield at 4.39%, compared with 3.91% for USFR.
VUSB is categorized as Ultrashort Bond, while USFR is Government Bonds. They also come from different issuers: Vanguard and WisdomTree. Their fees differ too: 0.10% for VUSB and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.11 vs 7.10), 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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