GBIL vs USFR: Yield, Cost and Returns Compared
As of Nov 5, 2026, USFR yields more: 3.71% (current yield) against 3.59% for GBIL. GBIL is cheaper to own at 0.12% a year vs 0.15%. Over the same 10 years (Sep 2016 to Oct 2026), USFR returned 2.6% a year with distributions reinvested, and GBIL 2.4%.
USFRWisdomTree Floating Rate Treasury Fund3.71%current yield| Compared | GBIL | USFR |
|---|---|---|
| YieldCurrent yield | 3.59% | 3.71% |
| Expense ratio | 0.12% | 0.15% |
| Total return, 1 yr | +3.6% | +4.0% |
| Total return, 3 yr (a year) | +4.4% | +4.6% |
| Total return, 5 yr (a year) | +3.6% | +4.0% |
| Total return, 10 yr (a year) | +2.4% | +2.6% |
| Worst drop since Sep 2016 | -0.4% | -0.2% |
| Share price since Sep 2016 | +0% | +1% |
| Pays | Monthly | Monthly |
| Issuer | Goldman Sachs | WisdomTree |
| Assets | $7.9B | $21.3B |
| Started | 2016 | 2014 |
| Type | Treasury ETF | Treasury ETF |
Higher yield
USFR
3.71%
Lower cost
GBIL
0.12%
Better total return
USFR
2.6%/yr
Smaller worst drop
USFR
-0.2%
Key facts: GBIL vs USFR
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, GBIL yields 3.59% (current yield) and USFR yields 3.71% (current yield).
- GBIL's expense ratio is 0.12% and USFR's is 0.15%: $12 vs $15 a year on $10,000.
- From Sep 2016 to Oct 2026, $10,000 in GBIL grew to $12,640 (2.4% a year) and $10,000 in USFR to $12,910 (2.6% a year), distributions reinvested.
- Their worst month-end drops over that time: -0.4% for GBIL and -0.2% for USFR.
Cite this page
SmarterDividends, "GBIL vs USFR: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/gbil-vs-usfr
$10,000 in each, Sep 2016 to Oct 2026
Distributions reinvested, month-end values.
GBIL became
$12,640
2.4% a year
USFR became
$12,910
2.6% a year
Year by year
| Year | GBIL | USFR |
|---|---|---|
| 2025 | +4.1% | +4.2% |
| 2024 | +5.2% | +5.5% |
| 2023 | +4.9% | +5.2% |
| 2022 | +1.1% | +2.0% |
| 2021 | −0.1% | −0.0% |
| 2020 | +0.8% | +0.5% |
| 2019 | +2.3% | +2.0% |
| 2018 | +1.8% | +2.0% |
| 2017 | +0.7% | +1.0% |
Total return each calendar year, distributions reinvested.
What each holds and how it's taxed
- GBIL · 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.
GBIL
- Holdings not reported.
USFR
- DTRXX BNY Dreyfus Treasury Oblgtns Csh Mgt Ins0.0%
GBIL vs USFR: questions
Is GBIL or USFR better?
It depends on the job. USFR pays more today (3.71% vs 3.59%), GBIL costs less, and USFR has the better total return over Sep 2016 to Oct 2026, with USFR 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, GBIL or USFR?
USFR, at 3.71% against 3.59% for GBIL as of Nov 5, 2026. On $10,000 that's about $371 vs $359 a year at today's rates.
Which has the better total return?
USFR. From Sep 2016 to Oct 2026, it returned 2.6% a year with distributions reinvested, against 2.4% for GBIL. $10,000 became $12,910 vs $12,640.
Which is cheaper, GBIL or USFR?
GBIL, with a 0.12% expense ratio against 0.15%.
How are GBIL and USFR taxed?
GBIL: 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. USFR leads on 6 of 7 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.