CLIP vs USFR: Yield, Cost and Returns Compared
As of Nov 5, 2026, CLIP yields more: 3.72% (current yield) against 3.71% for USFR. CLIP is cheaper to own at 0.07% a year vs 0.15%. Over the same 3 years (Jun 2023 to Oct 2026), USFR returned 4.7% a year with distributions reinvested, and CLIP 4.6%.
USFRWisdomTree Floating Rate Treasury Fund3.71%current yield| Compared | CLIP | USFR |
|---|---|---|
| YieldCurrent yield | 3.72% | 3.71% |
| Expense ratio | 0.07% | 0.15% |
| Total return, 1 yr | +3.8% | +4.0% |
| Total return, 3 yr (a year) | +4.5% | +4.6% |
| Total return, 5 yr (a year) | — | +4.0% |
| Total return, 10 yr (a year) | — | +2.6% |
| Worst drop since Jun 2023 | 0.0% | 0.0% |
| Share price since Jun 2023 | +0% | +0% |
| Pays | Monthly | Monthly |
| Issuer | Global X | WisdomTree |
| Assets | $2.4B | $21.3B |
| Started | 2023 | 2014 |
| Type | Treasury ETF | Treasury ETF |
Higher yield
CLIP
3.72%
Lower cost
CLIP
0.07%
Better total return
USFR
4.7%/yr
Smaller worst drop
CLIP
0.0%
Key facts: CLIP vs USFR
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, CLIP yields 3.72% (current yield) and USFR yields 3.71% (current yield).
- CLIP's expense ratio is 0.07% and USFR's is 0.15%: $7 vs $15 a year on $10,000.
- From Jun 2023 to Oct 2026, $10,000 in CLIP grew to $11,607 (4.6% a year) and $10,000 in USFR to $11,650 (4.7% a year), distributions reinvested.
- Their worst month-end drops over that time: 0.0% for CLIP and 0.0% for USFR.
Cite this page
SmarterDividends, "CLIP vs USFR: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/clip-vs-usfr
$10,000 in each, Jun 2023 to Oct 2026
Distributions reinvested, month-end values.
CLIP became
$11,607
4.6% a year
USFR became
$11,650
4.7% a year
Year by year
| Year | CLIP | USFR |
|---|---|---|
| 2025 | +4.2% | +4.2% |
| 2024 | +5.3% | +5.5% |
Total return each calendar year, distributions reinvested.
What each holds and how it's taxed
- CLIP · Treasury ETF
- Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies).
- USFR · Treasury ETF
- Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies).
General information, not tax advice. Every cash fund by yield →
Top holdings
No overlap in the top ten.
CLIP
- Holdings not reported.
USFR
- DTRXX BNY Dreyfus Treasury Oblgtns Csh Mgt Ins0.0%
CLIP vs USFR: questions
Is CLIP or USFR better?
It depends on the job. CLIP pays more today (3.72% vs 3.71%), CLIP costs less, and USFR has the better total return over Jun 2023 to Oct 2026, with CLIP holding up better in its worst stretch. For cash you may need soon, yield after tax and how easily you can get the money out matter more than past returns.
Which pays a higher dividend, CLIP or USFR?
CLIP, at 3.72% against 3.71% for USFR as of Nov 5, 2026. On $10,000 that's about $372 vs $371 a year at today's rates.
Which has the better total return?
USFR. From Jun 2023 to Oct 2026, it returned 4.7% a year with distributions reinvested, against 4.6% for CLIP. $10,000 became $11,650 vs $11,607.
Which is cheaper, CLIP or USFR?
CLIP, with a 0.07% expense ratio against 0.15%.
How are CLIP and USFR taxed?
CLIP: Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies). USFR: Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies). General information, not tax advice.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. For information only, not investment advice. Last fund data: Nov 5, 2026.