Data as of Oct 28, 2026.
USFR vs XOVR: Differences, Returns & Fees
Over the year to Oct 28, 2026, USFR returned +4.1% to XOVR's −3.0%; 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 $2.2bn on Jun 30, 2026 for ERShares Private-Public Crossover ETF.
Pair scorecard
USFR costs 1.66 points a year less; their one-year returns differ by 7.1 points.
| Measure | USFR | XOVR |
|---|---|---|
| Return | ||
| Total return, 1 year | +4.1% | −3.0% |
| Drawdown | ||
| Below its high | 6.5%, high on Oct 5, 2026 | |
| Benchmark | ||
| What it tracks | Bloomberg U.S. Treasury Floating Rate Bond Index | No index, actively managed |
| Cost and size | ||
| Expense ratio | 0.15% | 1.81% |
| Net assets, USFR as of May 31, 2026 and XOVR as of Jun 30, 2026 | $17.0bn | $2.2bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 43% | |
| Top ten holdings, share of the fund | 63.1% | |
Holdings in common uses holdings dated May 31, 2026 and Jun 30, 2026. Method
Risk and return
Nov 17, 2017 to Oct 23, 2026 · 466 weekly returnsXOVR returned more: +138.8% to +26.4%. USFR swung less: 0.5% to 26.7%. USFR fell less at its worst: −0.8% to −56.3%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | USFR | XOVR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +26.4% | +138.8% | XOVR | Price change plus distributions, reinvested. |
| Annualized | +2.6% | +10.2% | XOVR | Total return as a yearly rate. |
| Price return | 0.0% | +37.1% | XOVR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.5% | 26.7% | USFR | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.4% | 18.5% | USFR | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −0.8% | −56.3% | USFR | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.22 | 0.40 | XOVR | Return above Treasury bills per unit of volatility. |
| Sortino | −0.27 | 0.57 | XOVR | Return above Treasury bills per unit of downside deviation. |
| Calmar | 3.38 | 0.18 | USFR | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 466 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, USFR and XOVR 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 XOVR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
USFR and XOVR 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 XOVR follows No index, actively managed.
- Holdings in common. 0% of the weight is in the same securities (holdings dated May 31, 2026 and Jun 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 USFR returned +4.1% and XOVR −3.0% with distributions reinvested, a gap of 7.1 points.
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.
XOVR
XOVR is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −3.0% with distributions reinvested. The prospectus expense ratio is 1.81% a year. By its holdings filed for Jun 30, 2026, 43% of the fund by weight is stocks the S&P 500 also holds, across 32 positions, with the top ten at 63.1%. It sat 6.5% below its high of Oct 5, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, USFR or XOVR?
- In the year to Oct 28, 2026, with distributions reinvested, USFR returned +4.1% and XOVR −3.0%.
- Which is cheaper, USFR or XOVR?
- USFR is cheaper, by 1.66 percentage points a year. That is about $166 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.
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ETFIQ, USFR against XOVR, data as of Oct 28, 2026. https://etfiq.com/compare/any/usfr-vs-xovr
ETFIQ. (Oct 28, 2026). USFR against XOVR. Retrieved from https://etfiq.com/compare/any/usfr-vs-xovr
[USFR against XOVR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/usfr-vs-xovr)
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