Data as of Oct 28, 2026.
USFR vs VTIP: Differences, Returns & Fees
USFR's duration was 0.0 years on May 31, 2026 and VTIP's 2.3 on Jun 30, 2026; VTIP charges 0.03% to USFR's 0.15%.
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Net assets: $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund, and $20.9bn on Sep 30, 2026 for Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares.
Pair scorecard
VTIP costs 0.12 points a year less; their one-year returns differ by 1.9 points.
| Measure | USFR | VTIP |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.1% | +2.2% |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Treasury Floating Rate Bond Index | Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.03% |
| Net assets, USFR as of May 31, 2026 and VTIP as of Sep 30, 2026 | $17.0bn | $20.9bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026. Method
Risk and return
Feb 14, 2014 to Oct 23, 2026 · 662 weekly returnsVTIP returned more: +36.6% to +29.1%. USFR swung less: 0.9% to 2.3%. USFR fell less at its worst: −1.4% to −5.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | USFR | VTIP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +29.1% | +36.6% | VTIP | Price change plus distributions, reinvested. |
| Annualized | +2.0% | +2.5% | VTIP | Total return as a yearly rate. |
| Price return | +1.1% | −1.3% | USFR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.9% | 2.3% | USFR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.6% | 1.7% | USFR | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −1.4% | −5.5% | USFR | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.01 | 0.21 | VTIP | Return above Treasury bills per unit of volatility. |
| Sortino | 0.01 | 0.28 | VTIP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.49 | 0.45 | 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 VTIP hold 0% of their money in the same securities at the same weight. Holdings dated May 31, 2026 and Jun 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
USFR and VTIP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
USFR and VTIP do different jobs. What does each one do in a portfolio?
- What each follows. USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index and VTIP follows Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated May 31, 2026 and Jun 30, 2026).
- Number of holdings. USFR holds 4 positions and VTIP holds 26.
Data as of Oct 28, 2026.
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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.
VTIP
VTIP tracks an index of Short-Term Inflation-Protected Securities. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested. The prospectus expense ratio is 0.03% a year.
Questions people ask
- Which returned more over the last year, USFR or VTIP?
- In the year to Oct 28, 2026, with distributions reinvested, USFR returned +4.1% and VTIP +2.2%.
- Which is cheaper, USFR or VTIP?
- VTIP 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 VTIP, data as of Oct 28, 2026. https://etfiq.com/compare/any/usfr-vs-vtip
ETFIQ. (Oct 28, 2026). USFR against VTIP. Retrieved from https://etfiq.com/compare/any/usfr-vs-vtip
[USFR against VTIP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/usfr-vs-vtip)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.