ETF Evaluator:
WisdomTree Floating Rate Treasury ETF (USFR)
Follow This ETF
(as of Aug 07)
Best Performing in Ultrashort Bond Over the Last Year
| 6.2% | iShares Interest Rate Hdg L/T Corp BdETF (IGBH) |
| 5.8% | Simplify Treasury Option Income ETF (BUCK) |
| 5.7% | iShares Interest Rate Hedged Corp Bd ETF (LQDH) |
| 5.3% | iShares Interest Rt Hdg U.S. Aggt Bd ETF (AGRH) |
| 5.3% | NEOS Enhanced Inc 1-3 Month T-Bill ETF (CSHI) |
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Risk
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ETF Details
WisdomTree Floating Rate Treasury ETF Overview
WisdomTree Floating Rate Treasury ETF (USFR) is a passively managed Taxable Bond Ultrashort Bond exchange-traded fund (ETF). WisdomTree launched the ETF in 2014.
The investment seeks to track the price and yield performance, before fees and expenses, of the Bloomberg U.S. Treasury Floating Rate Bond Index (the "index").
The fund invests at least 80% of its total assets (exclusive of collateral held from securities lending) in the component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is designed to measure the performance of floating rate public obligations of the U.S. Treasury. The fund is non-diversified.
About WisdomTree Floating Rate Treasury ETF (USFR)
There are 4 members of the management team with an average tenure of 2.41 years: Marlene Walker-Smith (2025), David Nieman (2020), William Newton (2024) and Bryan Steele (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Trsy Float Rate Bd TR USD index with a weighting of 100%. WisdomTree Floating Rate Treasury ETF has 7 securities in its portfolio. The top 10 holdings constitute 99.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
WisdomTree Floating Rate Treasury ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. WisdomTree Floating Rate Treasury ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.0% (99.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). WisdomTree Floating Rate Treasury ETF has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $18 billion in total assets, which is above the $5 billion average for the Ultrashort Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
USFR Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The WisdomTree Floating Rate Treasury ETF expense ratio is low compared to funds in the Ultrashort Bond category. WisdomTree Floating Rate Treasury ETF has an expense ratio of 0.15%, which is 32% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. WisdomTree Floating Rate Treasury ETF has a portfolio turnover rate of 159%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Ultrashort Bond category.
Recently, in the month of July 2026, WisdomTree Floating Rate Treasury ETF returned 0.3%, which earned it a grade of B, as the Ultrashort Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
WisdomTree Floating Rate Treasury ETF has a trailing yield of 3.79%, which is below the 4.07% category average.
The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
WisdomTree Floating Rate Treasury ETF Grades
Year to date, the ETF has returned 2.3%, 0.1 percentage points better than the category, which translates into a grade of B. The fund has returned 4.0% over the past year (grade of D), 4.7% over the past three years (grade of D) and 3.8% per year over the past five years (grade of B) and 2.5% per year over the past 10 years (grade of F).
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USFR Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| USFR Return (NAV) | 0.3% | 1.0% | 4.0% | 4.7% | 3.8% | 2.5% |
| USFR Return (Price) | 0.4% | 1.0% | 4.0% | 4.7% | 3.8% | 2.5% |
| NAV +/- Price Return | -0.034% | -0.012% | -0.015% | 0.005% | -0.008% | -0.014% |
| Ultrashort Bond Avg | 0.3% | 0.9% | 4.2% | 5.2% | 3.9% | 3.0% |
| USFR Grade (NAV) | B | B | D | D | B | F |
| +/- Category (NAV) | 0.0% | 0.0% | -0.3% | -0.5% | -0.1% | -0.5% |
| USFR Tax-Cost Ratio | na | na | 1.5% | 1.8% | 1.5% | 1.0% |
USFR Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| USFR Return (NAV) | 2.3% | 4.3% | 5.4% | 5.3% | 1.9% | -0.0% | 0.5% | 2.1% | 1.8% | 1.0% | 0.6% |
| USFR Return (Price) | 2.3% | 4.2% | 5.5% | 5.2% | 2.0% | -0.0% | 0.6% | 2.0% | 2.0% | 1.0% | 0.9% |
| NAV +/- Price Ret | 0.007% | -0.009% | 0.009% | -0.015% | 0.054% | 5.071% | 0.020% | -2.5% | 10.3% | -0.3% | 48.6% |
| Ultrashort Bond Avg | 2.2% | 4.8% | 5.8% | 6.1% | 0.4% | 0.3% | 1.4% | 3.6% | 1.4% | 2.3% | 1.9% |
| USFR Grade (NAV) | B | D | D | D | A | D | F | F | B | D | F |
| +/- Category | 0.1% | -0.6% | -0.4% | -0.8% | 1.4% | -0.3% | -0.9% | -1.6% | 0.5% | -1.2% | -1.3% |
| Risk Measures | |
| Beta: | -0.02 |
| R-Squared: | 34% |
| Standard Deviation: | 0.2% |
| Category Risk Index: | 0.38 |
| Category Risk Rating: | Low |
| Total Risk Index: | 0.02 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 3.8% |
| Total Assets: | $ 18,374 Mil |
| Share Class Assets: | $ 18,374 Mil |
| Turnover: | 159.0% |
| Expense Ratio: | 0.15% |
| Index Fund: | Yes |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 5.7 years | |||
| Average Tenure: 2.4 years | |||
| Managers (Year): Nieman David (2020), Newton William (2024), Walker-Smith Marlene (2025), Steele Bryan (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 7 |
| % in Top 10 Holdings: | 99.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 99.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | WisdomTree |
| Phone Number: | 866-909-9473 |
| Website: | www.wisdomtree.com |
| Inception Date: | February 4, 2014 |
Expenses and Fees
| Expense Ratio (%): | 0.15% (Rating: Low) |
| Category Average Expense Ratio (%): | 0.22% |
