IVV vs USFR
iShares Core S&P 500 ETF vs WisdomTree Floating Rate Treasury Fund
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | USFR | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.15% | |
| AUM | $865.2B | $18.3B | |
| Dividend Yield | 1.09% | 3.84% | |
| Holdings | 508 | 6 | |
| YTD Return | +14.50% | +2.37% | |
| 1Y Return | +22.02% | +3.97% | |
| 3Y Return (annualized) | +21.80% | +4.52% | |
| 5Y Return (annualized) | +13.37% | +3.73% | |
| Volatility (annualized) | 15.1% | 0.9% | |
| Max Drawdown | -56.5% | -1.4% | |
| Fund Family | iShares by BlackRock (US) | WisdomTree Investments | |
| Category | Equity | Fixed Income | |
| Inception | May 15, 2000 | Feb 4, 2014 |
IVV vs USFR Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and WisdomTree Floating Rate Treasury Fund (USFR) is a ETF from WisdomTree Investments. Over the past year IVV returned +22.02% while USFR returned +3.97%. Year to date, IVV is up 14.50% versus a gain of 2.37% for USFR.
Over three years, IVV compounded at +21.80% per year against +4.52% for USFR; over five years the annualized figures are +13.37% and +3.73% respectively. Across the full 13-year window we track, IVV has the edge at +7.07% annualized vs +1.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 0.9% for USFR. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -1.4% for USFR. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.07. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while USFR charges 0.15%. On a $10,000 position that is $3 vs $15 annually, a gap of $12 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 3.84% for USFR.
Holdings Overlap
IVV and USFR share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or USFR?
IVV has an expense ratio of 0.03% while USFR charges 0.15%. IVV is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, IVV or USFR?
Over the past year IVV returned +22.02% vs +3.97% for USFR, so IVV leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +7.07% vs +1.50% for USFR. Past performance does not guarantee future results.
Which is riskier, IVV or USFR?
IVV has been the more volatile fund at 15.1% annualized versus 0.9% for USFR. Worst drawdown: IVV -56.5% vs USFR -1.4%.
Should I hold both IVV and USFR?
IVV and USFR have a monthly-return correlation of 0.07, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and USFR?
IVV and USFR share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, IVV or USFR?
IVV yields 1.09% while USFR yields 3.84%, so USFR currently pays the higher dividend yield.
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