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GOVT vs USFR

iShares U.S. Treasury Bond ETF

GOVTACboe

WisdomTree Floating Rate Treasury Fund

USFR—NYSE Arca

Overlap

No data

Expense ratio

GOVT −0.10pt a year

GOVT0.05%USFR0.15%

Avg volume · 30D

GOVT 1.9×the volume

GOVT11.1MUSFR5.81M

10Y return · a year

USFR +1.8pt

GOVT+0.8%USFR+2.6%

GOVT vs USFR Performance

Oct 29, 2021 – Oct 30, 2026

−3.0%GOVT+21.8%USFR

Oct 29, 2021 to Oct 30, 2026. GOVT −3.0%. USFR +21.8%. Use the arrow keys to read each point.−10%10%Oct 2021Apr 2024Oct 2026
Expense ratio
GOVT 0.05%, better
USFR 0.15%
Fund size
GOVT $43.2B
USFR $21.3B
1Y total return
GOVT −0.3%
USFR +4.0%, better
Yield (12M)
GOVT 3.73%, better
USFR 3.71%
Holdings
GOVT 236
USFR 7
Avg volume (30D)
GOVT 11.1M sh, better
USFR 5.81M sh
NAV per share
GOVT $22.30
USFR $50.40
52W range

ETF.net Grade

  • —USFRUnder classification review
GOVT: Cost 87, Risk 48, Mission 97, Tradability 77, Holdings 62, Durability 92.
Pillar letters and Scores for GOVT, USFR, with each pillar’s weight
PillarGOVTUSFR
Cost30% weightA87Not scored
Mission25% weightA97Not scored
Risk15% weightC48Not scored
Tradability15% weightA77Not scored
Holdings10% weightB62Not scored
Durability5% weightA92Not scored

Rank among US Treasury & Government funds

How we build Categories ›

US Treasury & Government⁠

Category · 16 funds
See all 16 ›

GOVT ranks 1st of 16 funds in the US Treasury & Government Category.

  1. Rank 1AGOVTiShares U.S. Treasury Bond ETFScore 79
  2. Rank 2ASPTBState Street SPDR Portfolio Treasury ETFScore 78
  3. USFRNot yet graded

Our read on each fund

ETF.net Research

GOVTAiShares U.S. Treasury Bond ETF

USFR—WisdomTree Floating Rate Treasury Fund

In short

GOVT The plain-vanilla Treasury sleeve. One index fund spanning the full maturity spectrum of US government debt, running since 2012 at five basis points, with none of the credit risk that lives in the rest of the bond aisle.

USFR No data

Stated mandate

GOVT The fund seeks to track an index of U.S. Treasury bonds spanning the full maturity spectrum, providing broad exposure to U.S. government debt for stability and income.

USFR No data

Why people hold it

  • GOVT Charges 0.05% a year, well under the median fee in its broad-Treasury peer group.
  • Tracks the ICE US Treasury Core Bond Index tightly, one of the cleaner index implementations among broad Treasury funds.
  • A multi-billion-dollar fund that trades heavily, which tends to show up as thin bid-ask spreads for retail-size orders.
  • US Treasury debt and nothing else, paid out monthly. No corporate credit to underwrite, no mortgage prepayments to model.ishares.com

USFR No data

Worth knowing

  • GOVT Covering the full maturity spectrum means long-dated bonds are in the mix, so the share price moves with interest rates more than a short-dated Treasury fund's would.
  • Nominal Treasuries only. Inflation-linked exposure sits in different funds, such as SPIP or VTP.
  • SPTB runs the same broad-Treasury idea at 0.03%, two basis points less.

USFR No data

Full GOVT profile⁠

Full USFR profile⁠

GOVT vs USFR Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GOVT vs USFR Cost

Overpaying USFR vs GOVT

$2,077

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • GOVT 0.05%

    $1,060

  • USFR 0.15%

    $3,137

$10,000
30 years

Cost over time

  • GOVT 0.05%
  • USFR 0.15%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530USFR $3,137GOVT $1,060

Year by year

YearGOVTUSFROverpaying
10$92$274$182
20$360$1,071$711
30$1,060$3,137$2,077

Expense ratio

  • 0.05%GOVT, cheaper
  • 0.15%USFR
  • Middle half of US Treasury & Government funds
  • Median 0.15%

GOVT 3rd cheapest of 16 funds

USFR 7th cheapest of 16 funds

GOVT vs USFR Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GOVT 3.73%, better
USFR 3.71%
Payout (12M)
GOVT $0.83
USFR $1.87
Last payment
GOVT $0.07
USFR $0.17
Ex-dividend
GOVT Oct 1, 2026
USFR Oct 27, 2026
Paid on
GOVT Oct 6, 2026
USFR Oct 29, 2026
Frequency
GOVT Monthly
USFR Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

GOVTMonthly · 45 paymentsAll GOVT payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.04; Mar 1, 2023 $0.04; Apr 3, 2023 $0.04; May 1, 2023 $0.05; Jun 1, 2023 $0.05; Jul 3, 2023 $0.05; Aug 1, 2023 $0.06; Sep 1, 2023 $0.05; Oct 2, 2023 $0.05; Nov 1, 2023 $0.06; Dec 1, 2023 $0.05; Dec 14, 2023 $0.06; Feb 1, 2024 $0.05; Mar 1, 2024 $0.05; Apr 1, 2024 $0.06; May 1, 2024 $0.06; Jun 3, 2024 $0.06; Jul 1, 2024 $0.06; Aug 1, 2024 $0.06; Sep 3, 2024 $0.06; Oct 1, 2024 $0.06; Nov 1, 2024 $0.06; Dec 2, 2024 $0.06; Dec 18, 2024 $0.06; Feb 3, 2025 $0.07; Mar 3, 2025 $0.06; Apr 1, 2025 $0.07; May 1, 2025 $0.06; Jun 2, 2025 $0.07; Jul 1, 2025 $0.07; Aug 1, 2025 $0.07; Sep 2, 2025 $0.07; Oct 1, 2025 $0.07; Nov 3, 2025 $0.06; Dec 1, 2025 $0.07; Dec 19, 2025 $0.07; Feb 2, 2026 $0.07; Mar 2, 2026 $0.06; Apr 1, 2026 $0.07; May 1, 2026 $0.07; Jun 1, 2026 $0.07; Jul 1, 2026 $0.07; Aug 3, 2026 $0.07; Sep 1, 2026 $0.08; Oct 1, 2026 $0.07. Use the arrow keys to read each point.$0$0.2520232026YTD
USFRMonthly · 46 paymentsAll USFR payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 25, 2023 $0.19; Feb 22, 2023 $0.19; Mar 27, 2023 $0.20; Apr 24, 2023 $0.21; May 24, 2023 $0.22; Jun 26, 2023 $0.22; Jul 25, 2023 $0.23; Aug 25, 2023 $0.23; Sep 25, 2023 $0.22; Oct 25, 2023 $0.23; Nov 24, 2023 $0.23; Dec 22, 2023 $0.24; Jan 25, 2024 $0.23; Feb 23, 2024 $0.22; Mar 22, 2024 $0.23; Apr 24, 2024 $0.23; May 24, 2024 $0.23; Jun 25, 2024 $0.23; Jul 26, 2024 $0.23; Aug 27, 2024 $0.23; Sep 25, 2024 $0.21; Oct 28, 2024 $0.20; Nov 25, 2024 $0.19; Dec 26, 2024 $0.20; Jan 28, 2025 $0.17; Feb 25, 2025 $0.17; Mar 26, 2025 $0.18; Apr 25, 2025 $0.18; May 27, 2025 $0.18; Jun 25, 2025 $0.19; Jul 28, 2025 $0.18; Aug 26, 2025 $0.18; Sep 25, 2025 $0.17; Oct 28, 2025 $0.18; Nov 24, 2025 $0.15; Dec 26, 2025 $0.16; Jan 27, 2026 $0.16; Feb 24, 2026 $0.14; Mar 26, 2026 $0.15; Apr 27, 2026 $0.16; May 26, 2026 $0.15; Jun 25, 2026 $0.15; Jul 28, 2026 $0.16; Aug 26, 2026 $0.16; Sep 25, 2026 $0.16; Oct 27, 2026 $0.17. Use the arrow keys to read each point.$0$0.2520232026YTD

GOVT vs USFR Risk

Fall from peak · 5 years

  • GOVT
  • USFR
Oct 29, 2021 to Oct 30, 2026. Worst fall: GOVT −16.2% · Oct 2023. Use the arrow keys to read each point.−15%−10%−5%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
GOVT 5.1%USFR 0.3%, better
Return per unit of riskSharpe ratio, 3 years
GOVT −0.01USFR 0.19, better
Worst fallMax drawdown, 5 years
GOVT −16.2%USFR −0.2%, better
Market sensitivityBeta, 5 years
GOVT 0.88USFR −0.02

GOVT and USFR in the news

All news⁠

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