Data as of Oct 28, 2026.
USFR vs VUSB: Differences, Returns & Fees
USFR's duration was 0.0 years on May 31, 2026 and VUSB's 1.0 on Jun 30, 2026; VUSB charges 0.10% to USFR's 0.15%.
askIQ about this page
askIQ about USFR and VUSB
Net assets: $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund, and $9.9bn on Sep 30, 2026 for Vanguard Ultra-Short Bond ETF.
Pair scorecard
VUSB costs 0.05 points a year less; their one-year returns differ by 0.6 points.
| Measure | USFR | VUSB |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.1% | +3.5% |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Treasury Floating Rate Bond Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.15% | 0.10% |
| Net assets, USFR as of May 31, 2026 and VUSB as of Sep 30, 2026 | $17.0bn | $9.9bn |
| Holdings | ||
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026. Method
Risk and return
Apr 16, 2021 to Oct 23, 2026 · 288 weekly returnsEach against its own benchmark: USFR against TFLO, Feb 14, 2014 to Oct 23, 2026; VUSB against AGG, Apr 16, 2021 to Oct 23, 2026.
USFR returned slightly more: +21.6% to +20.0%. USFR swung less: 0.3% to 0.8%. USFR fell less at its worst: −0.2% to −1.7%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | USFR | VUSB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +21.6% | +20.0% | USFR (slight) | Price change plus distributions, reinvested. |
| Annualized | +3.6% | +3.3% | USFR (slight) | Total return as a yearly rate. |
| Price return | +0.6% | −1.0% | USFR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.3% | 0.8% | USFR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.3% | 0.6% | USFR | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −0.2% | −1.7% | USFR | Deepest fall from a high to the low after it. |
| Upside capture | 67.2% | 17.4% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 0.5% | −1.3% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.01 | 0.10 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.00 | 0.45 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | −0.06 | −0.33 | USFR | Return above Treasury bills per unit of volatility. |
| Sortino | −0.07 | −0.45 | USFR | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.006 | −0.027 | Return above Treasury bills per unit of beta. | |
| Calmar | 22.38 | 1.96 | USFR | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | TFLO | AGG | The ETF each fund is measured against. | |
| Alpha | 0.0% a year | +0.1% a year | Not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 0.02 | 0.27 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | −0.5% to +0.5% | −0.4% to +0.6% | Includes zero | The 95% range for the yearly alpha. |
| Information ratio | 0.00 | 0.63 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 2.1% | 5.1% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 288 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
USFR and VUSB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
USFR and VUSB 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 VUSB follows No index, actively managed.
- Number of holdings. USFR holds 4 positions and VUSB holds 1344.
- One-year total return (similar). Over 1 year to Oct 28, 2026 USFR returned +4.1% and VUSB +3.5% with distributions reinvested, a gap of 0.6 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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.
VUSB
VUSB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +3.5% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.10% a year.
Questions people ask
- Which returned more over the last year, USFR or VUSB?
- In the year to Oct 28, 2026, with distributions reinvested, USFR returned +4.1% and VUSB +3.5%.
- Which is cheaper, USFR or VUSB?
- VUSB is cheaper, by 0.05 percentage points a year. That is about $5 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.
Cite this pageCitation, APA and Markdown
ETFIQ, USFR against VUSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/usfr-vs-vusb
ETFIQ. (Oct 28, 2026). USFR against VUSB. Retrieved from https://etfiq.com/compare/any/usfr-vs-vusb
[USFR against VUSB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/usfr-vs-vusb)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.