Data as of Oct 28, 2026.
GOVT vs USFR: Differences, Returns & Fees
GOVT's duration was 5.5 years on Jul 31, 2026 and USFR's 0.0 on May 31, 2026; GOVT charges 0.05% to USFR's 0.15%.
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Net assets: $42.8bn on Oct 27, 2026 for iShares U.S. Treasury Bond ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.
Pair scorecard
GOVT costs 0.10 points a year less; their one-year returns differ by 5.6 points.
| Measure | GOVT | USFR |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.5% | +4.1% |
| Drawdown | ||
| Below its high | 8.1%, high on Aug 4, 2020 | |
| Benchmark | ||
| What it tracks | ICE U.S. Treasury Core Bond Index | Bloomberg U.S. Treasury Floating Rate Bond Index |
| Cost and size | ||
| Expense ratio | 0.05% | 0.15% |
| Net assets, GOVT as of Oct 27, 2026 and USFR as of May 31, 2026 | $42.8bn | $17.0bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026. Method
Risk and return
Feb 14, 2014 to Oct 23, 2026 · 662 weekly returnsUSFR returned more: +29.1% to +17.4%. USFR swung less: 0.9% to 4.6%. USFR fell less at its worst: −1.4% to −18.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | GOVT | USFR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +17.4% | +29.1% | USFR | Price change plus distributions, reinvested. |
| Annualized | +1.3% | +2.0% | USFR | Total return as a yearly rate. |
| Price return | −9.6% | +1.1% | USFR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 4.6% | 0.9% | USFR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 3.3% | 0.6% | USFR | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −18.7% | −1.4% | USFR | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.14 | 0.01 | USFR | Return above Treasury bills per unit of volatility. |
| Sortino | −0.19 | 0.01 | USFR | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.07 | 1.49 | USFR | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 662 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, GOVT and USFR hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jul 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
GOVT and USFR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
GOVT and USFR do different jobs. What does each one do in a portfolio?
- What each follows. GOVT follows ICE U.S. Treasury Core Bond Index and USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and May 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 GOVT returned −1.5% and USFR +4.1% with distributions reinvested, a gap of 5.6 points.
Data as of Oct 28, 2026.
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GOVT
GOVT tracks an index of U.S. Treasury Bond. Over the year to Oct 28, 2026 it returned −1.5% with distributions reinvested. The prospectus expense ratio is 0.05% a year. It sat 8.1% below its high of Aug 4, 2020 on Oct 28, 2026.
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, GOVT or USFR?
- In the year to Oct 28, 2026, with distributions reinvested, GOVT returned −1.5% and USFR +4.1%.
- Which is cheaper, GOVT or USFR?
- GOVT is cheaper, by 0.10 percentage points a year. That is about $10 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, GOVT against USFR, data as of Oct 28, 2026. https://etfiq.com/compare/any/govt-vs-usfr
ETFIQ. (Oct 28, 2026). GOVT against USFR. Retrieved from https://etfiq.com/compare/any/govt-vs-usfr
[GOVT against USFR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/govt-vs-usfr)
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