XBTY vs. USFR

Last updated Jul 17, 2026

XBTY (GraniteShares YieldBOOST Bitcoin ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - XBTY is a Derivative Income fund actively managed by GraniteShares, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. XBTY is actively managed, while USFR is passively managed. Over the past year, XBTY returned -45.71% vs 3.95% for USFR. At a correlation of -0.12, they often move in opposite directions. XBTY charges 0.99%/yr vs 0.15%/yr for USFR.

Performance

XBTY vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares YieldBOOST Bitcoin ETF (XBTY) and WisdomTree Floating Rate Treasury Fund (USFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XBTY achieves a -22.21% return, which is significantly lower than USFR's 2.07% return.

XBTY

• 1D: 0.27%
• 1M: -1.80%
• 6M: -24.77%
• YTD: -22.21%
• 1Y: -45.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USFR

• 1D: 0.00%
• 1M: 0.32%
• 6M: 1.92%
• YTD: 2.07%
• 1Y: 3.95%
• 3Y*: 4.70%
• 5Y*: 3.77%
• 10Y*: 2.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XBTY vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025
XBTY GraniteShares YieldBOOST Bitcoin ETF	-22.21%	-21.19%
USFR WisdomTree Floating Rate Treasury Fund	2.07%	2.66%

Correlation

The correlation between XBTY and USFR is -0.14, 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	-0.14
Correlation (All Time) Calculated using the full available price history since May 13, 2025	-0.12

Return for Risk

XBTY vs. USFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XBTY

XBTY Risk / Return Rank: 1
XBTY Sharpe Ratio Rank: 0
XBTY Sortino Ratio Rank: 0
XBTY Omega Ratio Rank: 0
XBTY Calmar Ratio Rank: 1
XBTY Martin Ratio Rank: 2

USFR

USFR Risk / Return Rank: 100
USFR Sharpe Ratio Rank: 100
USFR Sortino Ratio Rank: 100
USFR Omega Ratio Rank: 100
USFR Calmar Ratio Rank: 100
USFR Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XBTY vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares YieldBOOST Bitcoin ETF (XBTY) 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.

	XBTY	USFR	Difference
Sharpe ratio: Return per unit of total volatility	-1.70	14.73	-16.43
Sortino ratio: Return per unit of downside risk	-2.62	51.39	-54.01
Omega ratio: Gain probability vs. loss probability	0.69	14.02	-13.33
Calmar ratio: Return relative to maximum drawdown	-0.93	199.58	-200.51
Martin ratio: Return relative to average drawdown	-1.36	797.11	-798.47

XBTY vs. USFR - Sharpe Ratio Comparison

The current XBTY Sharpe Ratio is -1.70, which is lower than the USFR Sharpe Ratio of 14.73. The chart below compares the historical Sharpe Ratios of XBTY and USFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XBTY vs. USFR - Drawdown Comparison

The maximum XBTY drawdown since its inception was -49.03%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for XBTY and USFR.

Drawdown Indicators

	XBTY	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-49.03%	-1.36%	-47.67%
Max Drawdown (1Y) Largest decline over 1 year	-49.03%	-0.02%	-49.01%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.18%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.80%	—
Current Drawdown Current decline from peak	-47.30%	0.00%	-47.30%
Average Drawdown Average peak-to-trough decline	-25.35%	-0.15%	-25.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.58%	0.00%	+33.58%

Volatility

XBTY vs. USFR - Volatility Comparison

GraniteShares YieldBOOST Bitcoin ETF (XBTY) has a higher volatility of 4.25% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.07%. This indicates that XBTY'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.

Volatility by Period

	XBTY	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	0.07%	+4.18%
Volatility (6M) Calculated over the trailing 6-month period	15.36%	0.19%	+15.17%
Volatility (1Y) Calculated over the trailing 1-year period	27.10%	0.27%	+26.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.86%	0.39%	+26.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.86%	0.77%	+26.09%

XBTY vs. USFR - Expense Ratio Comparison

XBTY has a 0.99% expense ratio, which is higher than USFR's 0.15% expense ratio.

Dividends

XBTY vs. USFR - Dividend Comparison

XBTY's dividend yield for the trailing twelve months is around 210.38%, more than USFR's 3.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
USFR WisdomTree Floating Rate Treasury Fund	3.83%	4.15%	5.17%	5.12%	1.78%	0.01%	0.40%	2.08%	1.67%	1.03%	0.29%
XBTY GraniteShares YieldBOOST Bitcoin ETF	210.38%	102.53%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XBTY and USFR in my portfolio?

XBTY and USFR have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XBTY or USFR?

XBTY has higher volatility (4.25%) compared to USFR (0.07%). In terms of maximum drawdown, XBTY dropped -49.03% vs USFR's -1.36%.

Which ETF is better, XBTY or USFR?

On 1-year performance, USFR leads with 3.95% vs -45.71% for XBTY. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XBTY or USFR?

Over the 1-year period, USFR has performed better with a 3.95% return vs -45.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XBTY or USFR?

USFR is cheaper with a 0.15% expense ratio, compared with 0.99% for XBTY.

Which ETF pays a higher dividend yield, XBTY or USFR?

XBTY has the higher dividend yield at 210.38%, compared with 3.83% for USFR.

What is the main difference between XBTY and USFR?

XBTY is categorized as Derivative Income, while USFR is Government Bonds. They also come from different issuers: GraniteShares and WisdomTree. Their fees differ too: 0.99% for XBTY and 0.15% for USFR.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (14.73 vs -1.70), 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.