XTWY vs. USFR
XTWY (BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both Government Bonds funds - XTWY tracks the Bloomberg US Treasury 20 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, XTWY returned -3.43%/yr vs 4.69%/yr for USFR. Their -0.07 correlation means they have often moved in opposite directions in the past. XTWY charges 0.12%/yr vs 0.15%/yr for USFR.
Performance
XTWY vs. USFR - Performance Comparison
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Returns By Period
In the year-to-date period, XTWY achieves a -4.63% return, which is significantly lower than USFR's 2.27% return.
XTWY
- 1D
- -0.90%
- 1M
- -5.01%
- 6M
- -4.62%
- YTD
- -4.63%
- 1Y
- -4.02%
- 3Y*
- -3.43%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.67%
USFR
- 1D
- 0.02%
- 1M
- 0.34%
- 6M
- 1.89%
- YTD
- 2.27%
- 1Y
- 3.95%
- 3Y*
- 4.69%
- 5Y*
- 3.81%
- 10Y*
- 2.48%
- ALL TIME*
- 1.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $315.80M | $253.72M | $243.43M | |
| $1.02M | $1.21M | $1.83M |
XTWY vs. USFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | -4.63% | 2.52% | -10.25% | 2.73% | -7.81% |
USFR WisdomTree Floating Rate Treasury Fund | 2.27% | 4.23% | 5.47% | 5.18% | 1.11% |
Correlation
The correlation between XTWY and USFR is -0.13, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.13 |
Correlation (3Y) Balances recent behavior with more history. | -0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 2022 | -0.07 |
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Return for Risk
XTWY vs. USFR — Risk / Return Rank
XTWY
USFR
XTWY vs. USFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) 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.
| XTWY | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.88 | ||
| Sortino ratioReturn per unit of downside risk | -51.85 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 14.07 | -13.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 200.37 | -200.63 |
| Martin ratioReturn relative to average drawdown | -0.57 | 800.42 | -800.98 |
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Drawdowns
XTWY vs. USFR - Drawdown Comparison
The maximum XTWY drawdown since its inception was -25.92%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for XTWY and USFR.
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Drawdown Indicators
| XTWY | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.92% | -1.36% | -24.56% |
Max Drawdown (1Y)Largest decline over 1 year | -9.89% | -0.02% | -9.87% |
Max Drawdown (3Y)Largest decline over 3 years | -18.22% | -0.06% | -18.16% |
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 | -18.88% | 0.00% | -18.88% |
Average DrawdownAverage peak-to-trough decline | -12.35% | -0.15% | -12.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 0.00% | +4.59% |
Volatility
XTWY vs. USFR - Volatility Comparison
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) has a higher volatility of 3.06% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that XTWY'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
| XTWY | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.06% | 0.09% | +2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 0.20% | +7.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.19% | 0.27% | +10.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.41% | 0.39% | +17.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.41% | 0.76% | +16.65% |
XTWY vs. USFR - Expense Ratio Comparison
XTWY has a 0.13% 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
XTWY vs. USFR - Dividend Comparison
XTWY's dividend yield for the trailing twelve months is around 4.93%, more than USFR's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
USFR WisdomTree Floating Rate Treasury Fund | 3.79% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
XTWY BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 4.49% | 4.56% | 4.65% | 3.86% | 1.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XTWY 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.
XTWY has higher volatility (3.06%) compared to USFR (0.09%). In terms of maximum drawdown, XTWY dropped -25.92% vs USFR's -1.36%.
On 3-year performance, USFR leads with 4.69% vs -3.43% for XTWY. On fees, XTWY is cheaper at 0.12% 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, USFR has performed better with a 4.69% return vs -3.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTWY is cheaper with a 0.12% expense ratio, compared with 0.15% for USFR.
XTWY has the higher dividend yield at 4.49%, compared with 3.79% for USFR.
XTWY tracks Bloomberg US Treasury 20 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: 0.12% for XTWY and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (14.64 vs -0.23), 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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