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BILZ vs USFR: Differences, Returns & Fees

BILZ's duration was 0.2 years on Jun 30, 2026 and USFR's 0.0 on May 31, 2026; BILZ charges 0.14% to USFR's 0.15%. Net assets: $1.0bn on Jun 30, 2026 for PIMCO Ultra Short Government Active Exchange-Traded Fund, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.

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Answers cite the figures on this page.

BILZ costs 0.01 points a year less; their one-year returns differ by 0.3 points.

BILZ vs USFR: Differences, Returns & Fees
BILZUSFR
Expense ratio0.14%0.15%
Net assets, BILZ as of Jun 30, 2026 and USFR as of May 31, 2026$1.0bn$17.0bn
Total return, 1 year+3.7%+4.0%
What it tracksNo index, actively managedBloomberg U.S. Treasury Floating Rate Bond Index
Holdings in commonreport dates differ

Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026.

+3.7%
BILZ total return, 1 year
+4.0%
USFR total return, 1 year
0.14%
BILZ expense ratio
0.15%
USFR expense ratio

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Client brief · page 1 of 2Report BR-FA8A5AC4F8

BILZ and USFR are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. BILZ follows No index, actively managed and USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index.
  2. Size. BILZ has $1.0bn in net assets and USFR $17.0bn (net assets, BILZ as of Jun 30, 2026 and USFR as of May 31, 2026); USFR is 17.0 times larger.
  3. One-year total return (similar). Over 1 year to Oct 20, 2026 BILZ returned +3.7% and USFR +4.0% with distributions reinvested, a gap of 0.3 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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On the same fields

BILZ
PIMCO Ultra Short Government Active Exchange-Traded Fund
USFR
WisdomTree Floating Rate Treasury Fund
Where it sits Bond ETF Bond ETF
Issuer PIMCO WisdomTree
What it is Actively managed Tracks an index of Floating Rate Treasury
Total return, 1 year +3.7% +4.0%
Its benchmark over the same days not measured +4.0% (TFLO)
Gap to its benchmark not measured +0.1 pts vs TFLO
Expense ratio 0.14% 0.15%
Holdings not counted 4
Net assets, BILZ as of Jun 30, 2026 and USFR as of May 31, 2026 $1.0bn $17.0bn

BILZ and USFR on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About BILZ

BILZ is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.14% a year.

About USFR

USFR tracks an index of Floating Rate Treasury. Over the year to Oct 20, 2026 it returned +4.0% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, BILZ or USFR?
In the year to Oct 20, 2026, with distributions reinvested, BILZ returned +3.7% and USFR +4.0%.
Which is cheaper, BILZ or USFR?
BILZ is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
BILZ vs PULSBILZ vs VBILBILZ vs SHVBILZ vs JPSTUSFR vs VGUSRAVI vs USFRUSFR vs YEARGSST vs USFR
BILZ on its own →USFR on its own →Hold both: look the portfolio through →Rankings →BILZ dividend history →USFR dividend history →USFR holdings →Standards and sources →
Where these figures came from
BILZ filings on SEC EDGAR ↗BILZ prospectus with the expense ratio (SEC) ↗PIMCO website ↗USFR filings on SEC EDGAR ↗USFR prospectus with the expense ratio (SEC) ↗WisdomTree page for USFR ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, BILZ against USFR, data as of Oct 20, 2026. https://etfiq.com/compare/any/bilz-vs-usfr

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.