USFR: WisdomTree Floating Rate Treasury Fund

What does USFR hold?#

This fund lends money to the US government through Treasury notes whose interest rate changes often. That keeps its price fairly steady, a lot like cash. When short term interest rates fall, its income falls too.

It tracks the Bloomberg U.S. Treasury Floating Rate Bond Index. It had 5 holdings as of February 28, 2026, according to WisdomTree.

What is the USFR expense ratio?#

USFR charges 0.15% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.15% fee comes to about $15 a year.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

How has USFR done since 2014?#

From February 2014 to October 2026, USFR returned about 2.0% a year. Say you put in $10,000 at the start. It would have been worth about $12,807 at the end, with every dividend reinvested.

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

USFR returns by year#

What was USFR’s worst drop?#

A drawdown is how far a fund falls from its last high point. USFR’s worst fall was −2.2%, from February 4, 2014 to December 22, 2014. It got back to that high on April 20, 2015.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

Which Tactfolio strategies hold USFR?#

No classic strategy holds USFR yet. You can add it to your own rules in the builder and see how they would have done.

How does USFR compare with similar ETFs?#

Funds that can stand in for USFR:

• SGOV: iShares 0-3 Month Treasury Bond ETF, 0.09% a year
• BIL: State Street SPDR Bloomberg 1-3 Month T-Bill ETF, 0.1353% a year
• SHV: iShares 0-1 Year Treasury Bond ETF, 0.15% a year
• TFLO: iShares Treasury Floating Rate Bond ETF, 0.15% a year

See all 6 USFR alternatives, compared on the same dates as USFR.

Test USFR in your own rules#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add USFR, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for USFR. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns.

Fund facts come from WisdomTree. We checked them on October 17, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.