USFR vs VNLA: Differences, Returns & Fees
USFR's duration was 0.0 years on May 31, 2026 and VNLA's 0.8 on Jul 31, 2026; USFR charges 0.15% to VNLA's 0.23%. Net assets: $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund, and $3.3bn on Jul 31, 2026 for Janus Henderson Short Duration Income ETF.
USFR costs 0.08 points a year less; their one-year returns differ by 0.4 points.
| USFR | VNLA | |
|---|---|---|
| Expense ratio | 0.15% | 0.23% |
| Net assets, USFR as of May 31, 2026 and VNLA as of Jul 31, 2026 | $17.0bn | $3.3bn |
| Total return, 1 year | +4.0% | +3.6% |
| What it tracks | Bloomberg U.S. Treasury Floating Rate Bond Index | No index, actively managed |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
USFR and VNLA are built for the same job. How do they differ in cost, holdings and results?
- What each follows. USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index and VNLA follows No index, actively managed.
- Number of holdings. USFR holds 4 positions and VNLA holds 336.
- Size. USFR has $17.0bn in net assets and VNLA $3.3bn (net assets, USFR as of May 31, 2026 and VNLA as of Jul 31, 2026); USFR is 5.2 times larger.
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
USFR and VNLA on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
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.
About VNLA
VNLA is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.23% a year.
Questions people ask
- Which returned more over the last year, USFR or VNLA?
- In the year to Oct 20, 2026, with distributions reinvested, USFR returned +4.0% and VNLA +3.6%.
- Which is cheaper, USFR or VNLA?
- USFR is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, USFR against VNLA, data as of Oct 20, 2026. https://etfiq.com/compare/any/usfr-vs-vnla
ETFIQ. (Oct 20, 2026). USFR against VNLA. Retrieved from https://etfiq.com/compare/any/usfr-vs-vnla
[USFR against VNLA (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/usfr-vs-vnla)
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