XCLR vs. USFR
XCLR (Global X S&P 500 Collar 95-110 ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - XCLR is a Equity Hedged fund tracking the Cboe S&P 500 3-Month Collar 95-110 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 3 years, XCLR returned 13.33%/yr vs 4.74%/yr for USFR. At a correlation of -0.01, they often move in opposite directions. XCLR charges 0.25%/yr vs 0.15%/yr for USFR.
Performance
XCLR vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, XCLR achieves a 1.45% return, which is significantly lower than USFR's 1.82% return.
XCLR
- 1D
- -0.86%
- 1M
- -0.46%
- YTD
- 1.45%
- 6M
- 0.79%
- 1Y
- 11.53%
- 3Y*
- 13.33%
- 5Y*
- —
- 10Y*
- —
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%
XCLR vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XCLR Global X S&P 500 Collar 95-110 ETF | 1.45% | 10.25% | 20.67% | 15.64% | -12.93% | 3.30% |
USFR WisdomTree Floating Rate Treasury Fund | 1.82% | 4.23% | 5.47% | 5.18% | 1.98% | -0.03% |
Correlation
The correlation between XCLR and USFR is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | -0.01 |
The correlation between XCLR and USFR shifts across timeframes, from -0.13 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XCLR vs. USFR — Risk / Return Rank
XCLR
USFR
XCLR vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Collar 95-110 ETF (XCLR) 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.
| XCLR | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -13.29 | ||
| Sortino ratioReturn per unit of downside risk | -48.21 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 13.31 | -12.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 201.33 | -199.94 |
| Martin ratioReturn relative to average drawdown | 5.62 | 779.76 | -774.14 |
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Drawdowns
XCLR vs. USFR - Drawdown Comparison
The maximum XCLR drawdown since its inception was -14.63%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for XCLR and USFR.
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Drawdown Indicators
| XCLR | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.63% | -1.36% | -13.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.29% | -0.02% | -8.27% |
Max Drawdown (3Y)Largest decline over 3 years | -12.46% | -0.06% | -12.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -1.32% | 0.00% | -1.32% |
Average DrawdownAverage peak-to-trough decline | -4.65% | -0.15% | -4.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 0.01% | +2.05% |
Volatility
XCLR vs. USFR - Volatility Comparison
Global X S&P 500 Collar 95-110 ETF (XCLR) has a higher volatility of 1.31% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that XCLR'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
| XCLR | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 0.09% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 5.99% | 0.19% | +5.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.39% | 0.27% | +8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.39% | 0.40% | +9.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.39% | 0.78% | +9.61% |
XCLR vs. USFR - Expense Ratio Comparison
XCLR has a 0.25% expense ratio, which is higher than USFR's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XCLR vs. USFR - Dividend Comparison
XCLR's dividend yield for the trailing twelve months is around 12.96%, 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% |
XCLR Global X S&P 500 Collar 95-110 ETF | 12.96% | 13.15% | 18.76% | 1.40% | 1.01% | 1.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XCLR and USFR have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XCLR has higher volatility (1.31%) compared to USFR (0.09%). In terms of maximum drawdown, XCLR dropped -14.63% vs USFR's -1.36%.
On 3-year performance, XCLR leads with 13.33% vs 4.74% 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 3-year period, XCLR has performed better with a 13.33% return vs 4.74%. 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 0.25% for XCLR.
XCLR has the higher dividend yield at 12.96%, compared with 3.90% for USFR.
XCLR is categorized as Equity Hedged, while USFR is Government Bonds. XCLR tracks Cboe S&P 500 3-Month Collar 95-110 Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.25% for XCLR and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.67 vs 1.38), 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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