YETH vs. USFR

Last updated Jul 17, 2026

YETH (Roundhill Ether Covered Call Strategy ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - YETH is a Derivative Income fund actively managed by Roundhill, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. YETH is actively managed, while USFR is passively managed. Over the past year, YETH returned -37.48% vs 3.95% for USFR. At a correlation of -0.02, they often move in opposite directions. YETH charges 0.95%/yr vs 0.15%/yr for USFR.

Performance

YETH vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Ether Covered Call Strategy ETF (YETH) 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, YETH achieves a -30.51% return, which is significantly lower than USFR's 2.07% return.

YETH

• 1D: -0.68%
• 1M: 6.37%
• 6M: -35.94%
• YTD: -30.51%
• 1Y: -37.48%
• 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)

YETH vs. USFR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
YETH Roundhill Ether Covered Call Strategy ETF	-30.51%	-32.10%	26.02%
USFR WisdomTree Floating Rate Treasury Fund	2.07%	4.23%	1.70%

Correlation

The correlation between YETH and USFR is -0.11, 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	-0.11
Correlation (All Time) Calculated using the full available price history since Sep 4, 2024	-0.02

Return for Risk

YETH vs. USFR — Risk / Return Rank

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

YETH

YETH Risk / Return Rank: 4
YETH Sharpe Ratio Rank: 4
YETH Sortino Ratio Rank: 5
YETH Omega Ratio Rank: 4
YETH Calmar Ratio Rank: 4
YETH Martin Ratio Rank: 4

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.

YETH vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Ether Covered Call Strategy ETF (YETH) 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.

	YETH	USFR	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	14.73	-15.38
Sortino ratio: Return per unit of downside risk	-0.70	51.39	-52.09
Omega ratio: Gain probability vs. loss probability	0.91	14.02	-13.10
Calmar ratio: Return relative to maximum drawdown	-0.64	199.58	-200.22
Martin ratio: Return relative to average drawdown	-1.04	797.11	-798.15

YETH vs. USFR - Sharpe Ratio Comparison

The current YETH Sharpe Ratio is -0.65, which is lower than the USFR Sharpe Ratio of 14.73. The chart below compares the historical Sharpe Ratios of YETH 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

YETH vs. USFR - Drawdown Comparison

The maximum YETH drawdown since its inception was -64.41%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for YETH and USFR.

Drawdown Indicators

	YETH	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-64.41%	-1.36%	-63.05%
Max Drawdown (1Y) Largest decline over 1 year	-58.73%	-0.02%	-58.71%
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	-57.55%	0.00%	-57.55%
Average Drawdown Average peak-to-trough decline	-32.72%	-0.15%	-32.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.04%	0.00%	+36.04%

Volatility

YETH vs. USFR - Volatility Comparison

Roundhill Ether Covered Call Strategy ETF (YETH) has a higher volatility of 10.28% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.07%. This indicates that YETH'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

	YETH	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.28%	0.07%	+10.21%
Volatility (6M) Calculated over the trailing 6-month period	40.14%	0.19%	+39.95%
Volatility (1Y) Calculated over the trailing 1-year period	57.87%	0.27%	+57.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.25%	0.39%	+54.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.25%	0.77%	+54.48%

YETH vs. USFR - Expense Ratio Comparison

YETH has a 0.95% expense ratio, which is higher than USFR's 0.15% expense ratio.

Dividends

YETH vs. USFR - Dividend Comparison

YETH's dividend yield for the trailing twelve months is around 126.80%, 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%
YETH Roundhill Ether Covered Call Strategy ETF	126.80%	109.12%	20.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both YETH and USFR in my portfolio?

YETH and USFR have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, YETH or USFR?

YETH has higher volatility (10.28%) compared to USFR (0.07%). In terms of maximum drawdown, YETH dropped -64.41% vs USFR's -1.36%.

Which ETF is better, YETH or USFR?

On 1-year performance, USFR leads with 3.95% vs -37.48% for YETH. 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, YETH or USFR?

Over the 1-year period, USFR has performed better with a 3.95% return vs -37.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, YETH or USFR?

USFR is cheaper with a 0.15% expense ratio, compared with 0.95% for YETH.

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

YETH has the higher dividend yield at 126.80%, compared with 3.83% for USFR.

What is the main difference between YETH and USFR?

YETH is categorized as Derivative Income, while USFR is Government Bonds. They also come from different issuers: Roundhill and WisdomTree. Their fees differ too: 0.95% for YETH and 0.15% for USFR.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (14.73 vs -0.65), 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.