Data as of Oct 28, 2026.
USFR vs VO: Differences, Returns & Fees
Over the year to Oct 28, 2026, USFR returned +4.1% to VO's +12.8%; 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 $103.4bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap ETF.
Pair scorecard
VO costs 0.12 points a year less; their one-year returns differ by 8.7 points.
| Measure | USFR | VO |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.1% | +12.8% |
| Drawdown | ||
| Below its high | 3.1%, high on Aug 14, 2026 | |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Treasury Floating Rate Bond Index | Morningstar US Mid Cap Index (formerly CRSP US Mid Cap Index) |
| Cost and size | ||
| Expense ratio | 0.15% | 0.03% |
| Net assets, USFR as of May 31, 2026 and VO as of Sep 30, 2026 | $17.0bn | $103.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 91% | |
| Top ten holdings, share of the fund | 9.7% | |
Holdings in common uses holdings dated May 31, 2026 and Sep 30, 2026. Method
Risk and return
Feb 14, 2014 to Oct 23, 2026 · 662 weekly returnsVO returned more: +252.5% to +29.1%. USFR swung less: 0.9% to 17.8%. USFR fell less at its worst: −1.4% to −37.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | USFR | VO | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +29.1% | +252.5% | VO | Price change plus distributions, reinvested. |
| Annualized | +2.0% | +10.4% | VO | Total return as a yearly rate. |
| Price return | +1.1% | +190.8% | VO | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.9% | 17.8% | USFR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.6% | 12.5% | USFR | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −1.4% | −37.4% | USFR | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.01 | 0.53 | VO | Return above Treasury bills per unit of volatility. |
| Sortino | 0.01 | 0.76 | VO | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.49 | 0.28 | 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 VO hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Sep 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
USFR and VO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
No client brief for this pair: the two funds' holdings are dated 122 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.
VO
VO tracks an index of Mid-Cap. Over the year to Oct 28, 2026 it returned +12.8% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 273 positions, with the top ten at 9.7%. It sat 3.1% below its high of Aug 14, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, USFR or VO?
- In the year to Oct 28, 2026, with distributions reinvested, USFR returned +4.1% and VO +12.8%.
- Which is cheaper, USFR or VO?
- VO is cheaper, by 0.12 percentage points a year. That is about $12 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, USFR against VO, data as of Oct 28, 2026. https://etfiq.com/compare/any/usfr-vs-vo
ETFIQ. (Oct 28, 2026). USFR against VO. Retrieved from https://etfiq.com/compare/any/usfr-vs-vo
[USFR against VO (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/usfr-vs-vo)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.