WTPI vs. USFR
WTPI (WisdomTree Equity Premium Income Fund) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - WTPI is a Derivative Income fund tracking the Volos U.S. Large Cap Target 2.5% PutWrite 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, WTPI returned 8.20%/yr vs 2.43%/yr for USFR. At a -0.00 correlation, their price movements are largely independent. WTPI charges 0.44%/yr vs 0.15%/yr for USFR.
Performance
WTPI vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, WTPI achieves a 3.16% return, which is significantly higher than USFR's 1.82% return. Over the past 10 years, WTPI has outperformed USFR with an annualized return of 8.20%, while USFR has yielded a comparatively lower 2.43% annualized return.
WTPI
- 1D
- -1.14%
- 1M
- -0.70%
- YTD
- 3.16%
- 6M
- 2.00%
- 1Y
- 16.19%
- 3Y*
- 12.75%
- 5Y*
- 9.33%
- 10Y*
- 8.20%
USFR
- 1D
- 0.04%
- 1M
- 0.33%
- YTD
- 1.82%
- 6M
- 1.92%
- 1Y
- 3.99%
- 3Y*
- 4.74%
- 5Y*
- 3.71%
- 10Y*
- 2.43%
WTPI vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTPI WisdomTree Equity Premium Income Fund | 3.16% | 14.45% | 17.18% | 15.53% | -10.11% | 20.94% | 1.65% | 13.55% | -7.16% | 10.09% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% | 0.56% | 2.02% | 2.01% | 1.03% |
Correlation
The correlation between WTPI and USFR is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016 | -0.00 |
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Return for Risk
WTPI vs. USFR — Risk / Return Rank
WTPI
USFR
WTPI vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Equity Premium Income Fund (WTPI) 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.
| WTPI | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -12.92 | ||
| Sortino ratioReturn per unit of downside risk | -47.69 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 13.31 | -11.96 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 201.33 | -199.06 |
| Martin ratioReturn relative to average drawdown | 10.71 | 779.76 | -769.05 |
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Drawdowns
WTPI vs. USFR - Drawdown Comparison
The maximum WTPI drawdown since its inception was -28.40%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for WTPI and USFR.
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Drawdown Indicators
| WTPI | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.40% | -1.36% | -27.04% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -0.02% | -7.13% |
Max Drawdown (3Y)Largest decline over 3 years | -15.26% | -0.06% | -15.20% |
Max Drawdown (5Y)Largest decline over 5 years | -16.56% | -0.18% | -16.38% |
Max Drawdown (10Y)Largest decline over 10 years | -28.40% | -0.80% | -27.60% |
Current DrawdownCurrent decline from peak | -1.53% | 0.00% | -1.53% |
Average DrawdownAverage peak-to-trough decline | -3.43% | -0.15% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 0.01% | +1.50% |
Volatility
WTPI vs. USFR - Volatility Comparison
WisdomTree Equity Premium Income Fund (WTPI) has a higher volatility of 3.40% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that WTPI'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
| WTPI | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 0.09% | +3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.61% | 0.19% | +7.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.33% | 0.27% | +9.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.22% | 0.40% | +11.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.26% | 0.78% | +12.48% |
WTPI vs. USFR - Expense Ratio Comparison
WTPI has a 0.44% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
WTPI vs. USFR - Dividend Comparison
WTPI's dividend yield for the trailing twelve months is around 12.19%, more than USFR's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
USFR WisdomTree Floating Rate Treasury Fund | 3.90% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
WTPI WisdomTree Equity Premium Income Fund | 12.19% | 13.18% | 11.99% | 8.94% | 3.27% | 0.00% | 1.43% | 1.47% | 6.46% | 3.52% | 2.27% |
Frequently Asked Questions
WTPI and USFR have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WTPI has higher volatility (3.40%) compared to USFR (0.09%). In terms of maximum drawdown, WTPI dropped -28.40% vs USFR's -1.36%.
On 10-year performance, WTPI leads with 8.20% vs 2.43% for USFR. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, WTPI has performed better with a 8.20% return vs 2.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.44% for WTPI.
WTPI has the higher dividend yield at 12.19%, compared with 3.90% for USFR.
WTPI is categorized as Derivative Income, while USFR is Government Bonds. WTPI tracks Volos U.S. Large Cap Target 2.5% PutWrite Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. Their fees differ too: 0.44% for WTPI and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.67 vs 1.75), 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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