FTSM vs USFR: Differences, Returns & Fees
FTSM's duration was 0.7 years on Jul 31, 2026 and USFR's 0.0 on May 31, 2026; USFR charges 0.15% to FTSM's 0.29%. Net assets: $6.7bn on Oct 20, 2026 for First Trust Enhanced Short Maturity ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.
USFR costs 0.14 points a year less; their one-year returns differ by 0.6 points.
| FTSM | USFR | |
|---|---|---|
| Expense ratio | 0.29% | 0.15% |
| Net assets, FTSM as of Oct 20, 2026 and USFR as of May 31, 2026 | $6.7bn | $17.0bn |
| Total return, 1 year | +3.4% | +4.0% |
| What it tracks | No index, actively managed | Bloomberg U.S. Treasury Floating Rate Bond Index |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
FTSM and USFR are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FTSM follows No index, actively managed and USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index.
- Number of holdings. FTSM holds 740 positions and USFR holds 4.
- Cost. FTSM charges 0.29% of assets a year and USFR 0.15%, a gap of 0.14 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
FTSM and USFR on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About FTSM
FTSM is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.4% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.29% 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, FTSM or USFR?
- In the year to Oct 20, 2026, with distributions reinvested, FTSM returned +3.4% and USFR +4.0%.
- Which is cheaper, FTSM or USFR?
- USFR is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, FTSM against USFR, data as of Oct 20, 2026. https://etfiq.com/compare/any/ftsm-vs-usfr
ETFIQ. (Oct 20, 2026). FTSM against USFR. Retrieved from https://etfiq.com/compare/any/ftsm-vs-usfr
[FTSM against USFR (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/ftsm-vs-usfr)
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