Dividend comparison

USFR vs GBIL: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for WisdomTree Floating Rate Treasury Fund and Goldman Sachs Access Treasury 0-1 Year ETF, side by side. Updated October 21, 2026.

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USFR vs GBIL: key differences
The short answer, from the latest data on this page.
  • Fees. GBIL is cheaper at 0.14% a year versus 0.15% for USFR. On $10,000 that is $1 a year less in fees.
  • Income. USFR pays more income, yielding 3.72% over the last twelve months versus 3.60% for GBIL. That is about $12 more a year on $10,000. Both pay monthly.
  • Performance. Over the last 5 years, USFR returned 20.4% versus 15.8% for GBIL, with dividends reinvested. $10,000 would have grown to $12,038 in USFR and $11,584 in GBIL.
  • Risk. Their worst declines over the last 5 years were similar: -0.4% for USFR and -0.8% for GBIL from peak to trough.
  • Diversification. GBIL holds 42 positions and USFR holds 6.
  • Dividend growth. USFR grew its yearly payout 318.5% a year over the last 3 years, versus 56.7% for GBIL.
  • Size. USFR is the larger fund with $21.2 billion in assets, against $7.9 billion for GBIL.

Bottom line: USFR fits better if you care most about stronger 5-year returns and faster dividend growth. GBIL fits better if you care most about broader diversification.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricUSFR
WisdomTree Floating Rate Treasury Fund
GBIL
Goldman Sachs Access Treasury 0-1 Year ETF
Dividend yield (TTM)3.72%3.60%
Dividend / share (TTM)$1.88$3.60
Payout frequencyMonthlyMonthly
Last dividend$0.1582 on Sep 29, 2026$0.2990 on Oct 7, 2026
Ex-dividend dateSep 25, 2026Oct 1, 2026
Dividend growth (CAGR)318.5% over 4 yrs56.7% over 3 yrs
Price$50.50$100.03
Beta-0.020.01
Max drawdown (5Y)-0.4%-0.8%
Market cap$17.79B$7.92B
ExchangeAMEXAMEX
Expense ratio0.15%0.14%
Assets under management$21.25B$7.91B
Number of holdings642
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

USFR

$31.00/mo

$372 /yr at 3.72% yield

GBIL

$29.99/mo

$360 /yr at 3.60% yield

Dividend history
Total dividends paid per share in each calendar year. USFR pays monthly; GBIL pays monthly.
YearUSFRGBIL
2025$2.0860$4.0789
2024$2.5996$4.9952
2023$2.5718$4.6010
2022$0.8956$1.0593
2021$0.0068—
Strategy: Cash equivalent
Funds holding short-dated US government paper, where the objective is that the principal is there when you need it. Yield follows short-term interest rates with a short lag rather than being locked in, so income falls when the central bank cuts and rises when it hikes. Because the underlying holdings are nearly identical across providers, the expense ratio comes almost directly out of what you receive.

There is no growth here by design, and purchasing power erodes whenever the after-tax yield sits below inflation.

What USFR vs GBIL actually do

USFR
A WisdomTree fund holding US Treasury floating rate notes rather than fixed-rate bills.

Treasury FRNs are two-year securities whose coupon resets weekly against the 13-week Treasury bill auction, so the fund's income adjusts to rate changes through the coupon itself instead of by rolling into new bills. In practice that makes it respond to a rate move slightly faster than a bill ladder does. The trade-off is a smaller, less liquid corner of the Treasury market and a modest amount of price movement that a portfolio of near-maturity bills does not have.

Suits a cash holder who wants income that resets quickly and is comfortable with a less mainstream instrument. Offers no advantage over a plain bill fund once short rates stop moving, and it is not a place to seek return.

Capital preservation

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $12,038 in USFR and $11,584 in GBIL.
PeriodUSFRGBIL
1 month0.34%0.02%
3 months1.02%-0.02%
Year to date3.17%0.09%
1 year4.04%0.55%
3 years13.30%10.52%
5 years20.38%15.84%
  • USFR
  • GBIL
98110122202120222023202420252026120116

Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • USFR
  • GBIL
0%25%50%75%100%Cash & Others100.0%100.0%Financial Services0.0%

Quick verdict

USFR fits better if you care most about stronger 5-year returns and faster dividend growth. GBIL fits better if you care most about broader diversification. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is USFR or GBIL better for dividend income?
It depends on your goals. USFR currently yields 3.72% Trailing Twelve Months (TTM) while GBIL yields 3.60%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between USFR and GBIL?
WisdomTree Floating Rate Treasury Fund (USFR) is an ETF listed on AMEX. Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is an ETF listed on AMEX. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, USFR or GBIL?
GBIL has the lower expense ratio. USFR charges 0.15% a year and GBIL charges 0.14%, a difference of $1 a year on a $10,000 investment.
Which has performed better, USFR or GBIL?
Over the last 5 years, USFR has the higher total return with dividends reinvested: USFR returned 20.4% and GBIL returned 15.8%. Past performance does not predict future returns.
Which is riskier, USFR or GBIL?
Measured by the worst peak-to-trough decline over the last five years, GBIL has been riskier: USFR fell as much as 0.4% and GBIL as much as 0.8%. Their betas are -0.02 and 0.01.
How often do USFR and GBIL pay dividends?
Both pay monthly. The most recent payments were $0.1582 for USFR and $0.2990 for GBIL.
How much income does $10,000 in USFR vs GBIL generate?
At current TTM yields, $10,000 in USFR would generate roughly $31.00 per month ($372 annually). The same amount in GBIL would produce about $29.99 per month ($360 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both USFR and GBIL?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare USFR vs GBIL with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how USFR and GBIL fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.