Which returned more over the last year, BOXX or USFR?

In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and USFR +4.1%.

Which is cheaper, BOXX or USFR?

USFR is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

BOXX vs USFR: Differences, Returns & Fees

Share on X Download as PDF

Over the year to Oct 28, 2026, BOXX returned +4.0% to USFR's +4.1%, and USFR charges 0.15% to BOXX's 0.19%.

askIQ about this page

askIQ about BOXX and USFR

Net assets: $14.5bn on Oct 28, 2026 for Alpha Architect 1-3 Month Box ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.

BOXX on its own →USFR on its own →

At a glance

+4.0%

BOXX total return, 1 year

+4.1%

USFR total return, 1 year

0.19%

BOXX expense ratio

0.15%

USFR expense ratio

Pair scorecard

USFR costs 0.04 points a year less; their one-year returns differ by 0.1 points.

BOXX vs USFR: Differences, Returns & Fees
Measure	BOXX	USFR
Return
Measure	BOXX	USFR
Total return, 1 year	+4.0%	+4.1%
Benchmark
Measure	BOXX	USFR
What it tracks	No index, actively managed	Bloomberg U.S. Treasury Floating Rate Bond Index
Cost and size
Measure	BOXX	USFR
Expense ratio	0.19%	0.15%
Net assets, BOXX as of Oct 28, 2026 and USFR as of May 31, 2026	$14.5bn	$17.0bn
Holdings
Measure	BOXX	USFR
Holdings in common	report dates differ

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

Risk and return

Jan 6, 2023 to Oct 23, 2026 · 198 weekly returns

BOXX USFR

Return

Total return edge Tie +18.9% +19.2%

Annualized edge Tie +4.6% +4.7%

Price return edge BOXX +18.6% +0.4%

Risk

Volatility edge USFR 0.2% 0.2%

Max drawdown edge USFR −0.1% 0.0%

Risk-adjusted

Sharpe edge USFR −0.25 0.09

Sortino edge USFR −0.35 0.13

Reading

BOXX and USFR returned about the same: +18.9% and +19.2%. USFR swung less: 0.2% to 0.2%. USFR fell less at its worst: 0.0% to −0.1%.

Full scorecard

8 measures, with how each is measured Open ↓

Risk and return: BOXX vs USFR: Differences, Returns & Fees
Measure	BOXX	USFR	Edge	How it is measured
Return
Total return	+18.9%	+19.2%	Tie	Price change plus distributions, reinvested.
Annualized	+4.6%	+4.7%	Tie	Total return as a yearly rate.
Price return	+18.6%	+0.4%	BOXX	Price change alone, distributions left out.
Risk
Volatility	0.2%	0.2%	USFR	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.2%	0.1%	USFR	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−0.1%	0.0%	USFR	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.25	0.09	USFR	Return above Treasury bills per unit of volatility.
Sortino	−0.35	0.13	USFR	Return above Treasury bills per unit of downside deviation.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 198 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

BOXX Alpha Architect 1-3 Month Box ETF USFR WisdomTree Floating Rate Treasury Fund

Where it sits Bond ETF Bond ETF

Issuer Alpha Architect WisdomTree

What it is Actively managed Tracks an index of Floating Rate Treasury

Total return, 1 year +4.0% +4.1%

Its benchmark over the same days not measured +4.0% (TFLO)

Gap to its benchmark not measured +0.1 pts vs TFLO

Expense ratio 0.19% 0.15%

Holdings not counted 4

Net assets, BOXX as of Oct 28, 2026 and USFR as of May 31, 2026 $14.5bn $17.0bn

BOXX and USFR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-45B3D76E66

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

What each follows. BOXX follows No index, actively managed and USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index.
One-year total return (similar). Over 1 year to Oct 28, 2026 BOXX returned +4.0% and USFR +4.1% with distributions reinvested, a gap of 0.1 points.
Cost (similar). BOXX charges 0.19% of assets a year and USFR 0.15%, a gap of 0.04 points.

Data as of Oct 28, 2026.

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Your saved page · Privacy.

Alert

About each fund

BOXX

BOXX is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +4.0% with distributions reinvested. The prospectus expense ratio is 0.19% a year.

USFR

USFR tracks an index of Floating Rate Treasury. Over the year to Oct 28, 2026 it returned +4.1% 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, BOXX or USFR?: In the year to Oct 28, 2026, with distributions reinvested, BOXX returned +4.0% and USFR +4.1%.
Which is cheaper, BOXX or USFR?: USFR is cheaper, by 0.04 percentage points a year. That is about $4 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

BOXX vs IBDS BOXX vs FLTR BOXX vs TBLL BOXX vs SGOV USFR vs VBIL FLOT vs USFR USFR vs VUSB TFLO vs USFR

Where to next

BOXX on its own →USFR on its own →Hold both: look the portfolio through →Rankings →BOXX dividend history →USFR dividend history →USFR holdings →Standards and sources →

Sources and dates

BOXX filings on SEC EDGAR ↗

BOXX prospectus with the expense ratio (SEC) ↗

Alpha Architect website ↗

USFR filings on SEC EDGAR ↗

USFR prospectus with the expense ratio (SEC) ↗

WisdomTree page for USFR ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, BOXX against USFR, data as of Oct 28, 2026. https://etfiq.com/compare/any/boxx-vs-usfr

Open data →

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