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Data as of Oct 28, 2026.

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QUAL vs USFR: Differences, Returns & Fees

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Over the year to Oct 28, 2026, QUAL returned +13.1% to USFR's +4.1%; 0% of their weight is in the same names.

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Net assets: $48.2bn on Oct 28, 2026 for iShares MSCI USA Quality Factor ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.

QUAL on its own →USFR on its own →
At a glance
+13.1%
QUAL total return, 1 year
+4.1%
USFR total return, 1 year
0.15%
QUAL expense ratio
0.15%
USFR expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 9.0 points.

Points (pts) are percentage points.

QUAL vs USFR: Differences, Returns & Fees
MeasureQUALUSFR
Return
Total return, 1 year+13.1%+4.1%
Benchmark
What it tracksMSCI USA Sector Neutral Quality IndexBloomberg U.S. Treasury Floating Rate Bond Index
Cost and size
Expense ratio0.15%0.15%
Net assets, QUAL as of Oct 28, 2026 and USFR as of May 31, 2026$48.2bn$17.0bn
Holdings
Holdings in common0%
In the S&P 500, by weight97%
Top ten holdings, share of the fund44.5%

Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method

What they share

0%

By the books each fund has filed, QUAL and USFR hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first QUAL USFR
Only in one fund ↓
Only in QUAL
MICROSOFT 8.09%
APPLE 7.38%
NVIDIA 6.28%
META PLATFORMS CLASS A 4.06%
ELI LILLY 4.04%
TJX 3.50%
VISA CLASS A 3.44%
LAM RESEARCH 2.84%
Only in USFR
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 27.95%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 27.93%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 27.91%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT 15.90%
Check overlap with more funds →

Side by side

QUAL iShares MSCI USA Quality Factor ETF USFR WisdomTree Floating Rate Treasury Fund
Where it sits Stock ETF Bond ETF
Issuer iShares WisdomTree
What it is Tracks the MSCI USA Quality Factor Tracks an index of Floating Rate Treasury
Total return, 1 year +13.1% +4.1%
Its benchmark over the same days +13.6% (MLRG) +4.0% (TFLO)
Gap to its benchmark −0.5 pts vs MLRG +0.1 pts vs TFLO
Expense ratio 0.15% 0.15%
Holdings 119 4
Net assets, QUAL as of Oct 28, 2026 and USFR as of May 31, 2026 $48.2bn $17.0bn

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

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About each fund
QUAL

QUAL tracks the MSCI USA Quality Factor. Over the year to Oct 28, 2026 it returned +13.1% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 119 positions, with the top ten at 44.5%.

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.

Questions people ask

Which returned more over the last year, QUAL or USFR?
In the year to Oct 28, 2026, with distributions reinvested, QUAL returned +13.1% and USFR +4.1%.
Which is cheaper, QUAL or USFR?
Neither: QUAL and USFR both charge 0.15% a year. Fees come from each fund's prospectus.
Other comparisons
BIL vs QUALQUAL vs SGOVMINT vs QUALPULS vs QUALCGGR vs USFRRDVY vs USFRUSFR vs VIGAVUS vs USFR
Where to next
QUAL on its own →USFR on its own →Hold both: look the portfolio through →Rankings →QUAL dividend history →QUAL holdings →USFR dividend history →USFR holdings →Standards and sources →
Sources and dates
QUAL filings on SEC EDGAR ↗
QUAL prospectus with the expense ratio (SEC) ↗
iShares page for QUAL ↗
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.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

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

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