ZCBA vs. USFR

Last updated Jun 6, 2026

ZCBA (Global X Zero Coupon Bond 2030 ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both Government Bonds funds - ZCBA tracks the FTSE Zero Coupon U.S. Treasury STRIPS 2030 Maturity Index while USFR tracks the Bloomberg U.S. Treasury Floating Rate Bond Index. Both are passively managed. At a 0.13 correlation, their price movements are largely independent. ZCBA charges 0.07%/yr vs 0.15%/yr for USFR.

Performance

ZCBA vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Zero Coupon Bond 2030 ETF (ZCBA) and WisdomTree Floating Rate Treasury Fund (USFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ZCBA

• 1D: -0.40%
• 1M: -1.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USFR

• 1D: 0.06%
• 1M: 0.33%
• YTD: 1.66%
• 6M: 2.00%
• 1Y: 4.07%
• 3Y*: 4.77%
• 5Y*: 3.67%
• 10Y*: 2.48%

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

ZCBA vs. USFR - Yearly Performance Comparison

	2026 (YTD)
ZCBA Global X Zero Coupon Bond 2030 ETF	-0.76%
USFR WisdomTree Floating Rate Treasury Fund	1.58%

Correlation

The correlation between ZCBA and USFR is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026	0.13

Return for Risk

ZCBA vs. USFR — Risk / Return Rank

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

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.

ZCBA vs. USFR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Zero Coupon Bond 2030 ETF (ZCBA) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ZCBA	USFR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	15.07	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	9.27	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	3.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.58	1.61	-2.18

Drawdowns

ZCBA vs. USFR - Drawdown Comparison

The maximum ZCBA drawdown since its inception was -2.39%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for ZCBA and USFR.

Drawdown Indicators

	ZCBA	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-2.39%	-1.36%	-1.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.02%	—
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	-2.24%	0.00%	-2.24%
Average Drawdown Average peak-to-trough decline	-1.00%	-0.16%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.01%	—

Volatility

Volatility by Period

	ZCBA	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.19%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.23%	0.27%	+2.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.23%	0.40%	+2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.23%	0.81%	+2.42%

ZCBA vs. USFR - Expense Ratio Comparison

ZCBA has a 0.07% 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

ZCBA vs. USFR - Dividend Comparison

ZCBA's dividend yield for the trailing twelve months is around 1.51%, less 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%
ZCBA Global X Zero Coupon Bond 2030 ETF	1.51%	0.00%	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 ZCBA and USFR in my portfolio?

ZCBA 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.

Which ETF is better, ZCBA or USFR?

On fees, ZCBA is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZCBA or USFR?

ZCBA is cheaper with a 0.07% expense ratio, compared with 0.15% for USFR.

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

USFR has the higher dividend yield at 3.91%, compared with 1.51% for ZCBA.

What is the main difference between ZCBA and USFR?

ZCBA tracks FTSE Zero Coupon U.S. Treasury STRIPS 2030 Maturity 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: 0.07% for ZCBA and 0.15% for USFR.