Data as of Oct 28, 2026.
USFR vs USMV: Differences, Returns & Fees
Over the year to Oct 28, 2026, USFR returned +4.1% to USMV's +10.8%; 0% of their weight is in the same names.
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Net assets: $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund, and $24.1bn on Oct 27, 2026 for iShares MSCI USA Min Vol Factor ETF.
Pair scorecard
Both cost 0.15% a year; their one-year returns differ by 6.7 points.
Points (pts) are percentage points.
| Measure | USFR | USMV |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.1% | +10.8% |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Treasury Floating Rate Bond Index | MSCI USA Minimum Volatility (USD) Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.15% |
| Net assets, USFR as of May 31, 2026 and USMV as of Oct 27, 2026 | $17.0bn | $24.1bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 93% | |
| Top ten holdings, share of the fund | 14.8% | |
Holdings in common uses holdings dated May 31, 2026 and Oct 27, 2026. Method
Risk and return
Feb 14, 2014 to Oct 23, 2026 · 662 weekly returnsUSMV returned more: +267.2% to +29.1%. USFR swung less: 0.9% to 13.9%. USFR fell less at its worst: −1.4% to −30.6%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | USFR | USMV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +29.1% | +267.2% | USMV | Price change plus distributions, reinvested. |
| Annualized | +2.0% | +10.8% | USMV | Total return as a yearly rate. |
| Price return | +1.1% | +190.4% | USMV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.9% | 13.9% | USFR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.6% | 9.8% | USFR | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −1.4% | −30.6% | USFR | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.01 | 0.66 | USMV | Return above Treasury bills per unit of volatility. |
| Sortino | 0.01 | 0.94 | USMV | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.49 | 0.35 | 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, USFR and USMV hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
USFR and USMV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: the two funds' holdings are dated 149 days apart.
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.
USMV
USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.
Questions people ask
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, USFR against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/usfr-vs-usmv
ETFIQ. (Oct 28, 2026). USFR against USMV. Retrieved from https://etfiq.com/compare/any/usfr-vs-usmv
[USFR against USMV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/usfr-vs-usmv)
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