Dividend comparison

USFR vs SWVXX: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for WisdomTree Floating Rate Treasury Fund and Schwab Prime Advantage Money Fund - Investor, side by side. Updated October 21, 2026.

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USFR vs SWVXX: key differences
The short answer, from the latest data on this page.
  • Income. USFR pays more income, yielding 3.72% over the last twelve months versus 3.58% for SWVXX. That is about $14 more a year on $10,000. Both pay monthly.
  • Performance. Over the last 3 years, USFR returned 13.3% versus 1.7% for SWVXX, with dividends reinvested. $10,000 would have grown to $11,330 in USFR and $10,173 in SWVXX.
  • Risk. Their worst declines over the last 3 years were similar: -0.4% for USFR and 0.0% for SWVXX from peak to trough.
  • Dividend growth. USFR grew its yearly payout 318.5% a year over the last 4 years, versus 223.8% for SWVXX.

Bottom line: USFR has the edge on these figures, with stronger 3-year returns and faster dividend growth. SWVXX does not lead on any of the measures compared here.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricUSFR
WisdomTree Floating Rate Treasury Fund
SWVXX
Schwab Prime Advantage Money Fund - Investor
Dividend yield (TTM)3.72%3.58%
Dividend / share (TTM)$1.88$0.04
Payout frequencyMonthlyMonthly
Last dividend$0.1582 on Sep 29, 2026$0.0030 on Sep 30, 2026
Ex-dividend dateSep 25, 2026Sep 30, 2026
Dividend growth (CAGR)318.5% over 4 yrs223.8% over 4 yrs
Price$50.50$1.00
Beta-0.020.02
Max drawdown (5Y)-0.4%0.0%
Market cap$17.79B$245.26B
ExchangeAMEXNASDAQ
Expense ratio0.15%—
Assets under management$21.25B—
Number of holdings6—
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

SWVXX

$29.84/mo

$358 /yr at 3.58% yield

Dividend history
Total dividends paid per share in each calendar year. USFR pays monthly; SWVXX pays monthly.
YearUSFRSWVXX
2025$2.0860$0.0406
2024$2.5996$0.0500
2023$2.5718$0.0491
2022$0.8956$0.0156
2021$0.0068$0.0004
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 SWVXX 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 Apr 17, 2023 would now be worth $11,649 in USFR and $10,173 in SWVXX.
PeriodUSFRSWVXX
1 month0.34%0.00%
3 months1.02%0.00%
Year to date3.17%0.00%
1 year4.04%0.00%
3 years13.30%1.73%
5 years20.38%—
  • USFR
  • SWVXX
991081182023202420252026116102

Both series indexed to 100 on 2023-04-17 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
  • SWVXX
0%25%50%75%100%Cash & Others100.0%

Quick verdict

USFR has the edge on these figures, with stronger 3-year returns and faster dividend growth. SWVXX does not lead on any of the measures compared here. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is USFR or SWVXX better for dividend income?
It depends on your goals. USFR currently yields 3.72% Trailing Twelve Months (TTM) while SWVXX yields 3.58%. 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 SWVXX?
WisdomTree Floating Rate Treasury Fund (USFR) is an ETF listed on AMEX. Schwab Prime Advantage Money Fund - Investor (SWVXX) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which has performed better, USFR or SWVXX?
Over the last 3 years, USFR has the higher total return with dividends reinvested: USFR returned 13.3% and SWVXX returned 1.7%. Past performance does not predict future returns.
Which is riskier, USFR or SWVXX?
Measured by the worst peak-to-trough decline over the last five years, USFR has been riskier: USFR fell as much as 0.4% and SWVXX as much as 0.0%. Their betas are -0.02 and 0.02.
How often do USFR and SWVXX pay dividends?
Both pay monthly. The most recent payments were $0.1582 for USFR and $0.0030 for SWVXX.
How much income does $10,000 in USFR vs SWVXX generate?
At current TTM yields, $10,000 in USFR would generate roughly $31.00 per month ($372 annually). The same amount in SWVXX would produce about $29.84 per month ($358 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both USFR and SWVXX?
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 SWVXX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how USFR and SWVXX 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.