XONE vs. USFR
XONE (BondBloxx Bloomberg One Year Target Duration US Treasury ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both Government Bonds funds - XONE tracks the Bloomberg US Treasury 1 Year Target Duration Index while USFR tracks the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. Over the past 3 years, XONE returned 4.51%/yr vs 4.72%/yr for USFR. At a 0.09 correlation, their price movements are largely independent. XONE charges 0.03%/yr vs 0.15%/yr for USFR.
Performance
XONE vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, XONE achieves a 1.16% return, which is significantly lower than USFR's 1.78% return.
XONE
- 1D
- -0.03%
- 1M
- 0.13%
- YTD
- 1.16%
- 6M
- 1.27%
- 1Y
- 3.62%
- 3Y*
- 4.51%
- 5Y*
- —
- 10Y*
- —
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%
XONE vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 1.16% | 4.41% | 4.83% | 4.74% | 0.57% |
USFR WisdomTree Floating Rate Treasury Fund | 1.78% | 4.23% | 5.47% | 5.18% | 1.11% |
Correlation
The correlation between XONE and USFR is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | 0.09 |
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Return for Risk
XONE vs. USFR — Risk / Return Rank
XONE
USFR
XONE vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) 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.
| XONE | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.13 | ||
| Sortino ratioReturn per unit of downside risk | -36.02 | ||
| Omega ratioGain probability vs. loss probability | 3.21 | 13.24 | -10.04 |
| Calmar ratioReturn relative to maximum drawdown | 22.71 | 200.29 | -177.58 |
| Martin ratioReturn relative to average drawdown | 121.24 | 775.73 | -654.49 |
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Drawdowns
XONE vs. USFR - Drawdown Comparison
The maximum XONE drawdown since its inception was -0.40%, smaller than the maximum USFR drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for XONE and USFR.
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Drawdown Indicators
| XONE | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.40% | -1.36% | +0.96% |
Max Drawdown (1Y)Largest decline over 1 year | -0.16% | -0.02% | -0.14% |
Max Drawdown (3Y)Largest decline over 3 years | -0.28% | -0.06% | -0.22% |
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 | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -0.15% | +0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 0.01% | +0.02% |
Volatility
XONE vs. USFR - Volatility Comparison
BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) has a higher volatility of 0.18% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.08%. This indicates that XONE'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
| XONE | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.08% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 0.37% | 0.19% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.56% | 0.27% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.86% | 0.40% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.86% | 0.78% | +0.08% |
XONE vs. USFR - Expense Ratio Comparison
XONE has a 0.03% 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
XONE vs. USFR - Dividend Comparison
XONE's dividend yield for the trailing twelve months is around 4.06%, 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% |
XONE BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 4.06% | 4.33% | 5.21% | 4.46% | 1.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XONE and USFR have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XONE has higher volatility (0.18%) compared to USFR (0.08%). In terms of maximum drawdown, XONE dropped -0.40% vs USFR's -1.36%.
On 3-year performance, USFR leads with 4.72% vs 4.51% for XONE. On fees, XONE is cheaper at 0.03% 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 3-year period, USFR has performed better with a 4.72% return vs 4.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XONE is cheaper with a 0.03% expense ratio, compared with 0.15% for USFR.
XONE has the higher dividend yield at 4.06%, compared with 3.91% for USFR.
XONE tracks Bloomberg US Treasury 1 Year Target Duration Index, while USFR tracks Bloomberg U.S. Treasury Floating Rate Bond Index. They also come from different issuers: BondBloxx and WisdomTree. Their fees differ too: 0.03% for XONE and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.65 vs 6.52), 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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