USFR vs XHLF: Yield, Cost and Returns Compared
As of Nov 5, 2026, XHLF yields more: 3.75% (current yield) against 3.71% for USFR. XHLF is cheaper to own at 0.03% a year vs 0.15%. Over the same 4 years (Sep 2022 to Oct 2026), USFR returned 4.7% a year with distributions reinvested, and XHLF 4.4%.
USFRWisdomTree Floating Rate Treasury Fund3.71%current yield| Compared | USFR | XHLF |
|---|---|---|
| YieldCurrent yield | 3.71% | 3.75% |
| Expense ratio | 0.15% | 0.03% |
| Total return, 1 yr | +4.0% | +3.6% |
| Total return, 3 yr (a year) | +4.6% | +4.4% |
| Total return, 5 yr (a year) | +4.0% | — |
| Total return, 10 yr (a year) | +2.6% | — |
| Worst drop since Sep 2022 | 0.0% | 0.0% |
| Share price since Sep 2022 | +0% | +0% |
| Pays | Monthly | Monthly |
| Issuer | WisdomTree | BondBloxx Investment Management |
| Assets | $21.3B | $2.0B |
| Started | 2014 | 2022 |
| Type | Treasury ETF | Treasury ETF |
Higher yield
XHLF
3.75%
Lower cost
XHLF
0.03%
Better total return
USFR
4.7%/yr
Smaller worst drop
USFR
0.0%
Key facts: USFR vs XHLF
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, USFR yields 3.71% (current yield) and XHLF yields 3.75% (current yield).
- USFR's expense ratio is 0.15% and XHLF's is 0.03%: $15 vs $3 a year on $10,000.
- From Sep 2022 to Oct 2026, $10,000 in USFR grew to $12,057 (4.7% a year) and $10,000 in XHLF to $11,910 (4.4% a year), distributions reinvested.
- Their worst month-end drops over that time: 0.0% for USFR and 0.0% for XHLF.
Cite this page
SmarterDividends, "USFR vs XHLF: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/usfr-vs-xhlf
$10,000 in each, Sep 2022 to Oct 2026
Distributions reinvested, month-end values.
USFR became
$12,057
4.7% a year
XHLF became
$11,910
4.4% a year
Year by year
| Year | USFR | XHLF |
|---|---|---|
| 2025 | +4.2% | +4.2% |
| 2024 | +5.5% | +5.0% |
| 2023 | +5.2% | +4.9% |
Total return each calendar year, distributions reinvested.
What each holds and how it's taxed
- USFR · Treasury ETF
- Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies).
- XHLF · 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.
USFR
- DTRXX BNY Dreyfus Treasury Oblgtns Csh Mgt Ins0.0%
XHLF
- Holdings not reported.
USFR vs XHLF: questions
Is USFR or XHLF better?
It depends on the job. XHLF pays more today (3.75% vs 3.71%), XHLF costs less, and USFR has the better total return over Sep 2022 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, USFR or XHLF?
XHLF, at 3.75% against 3.71% for USFR as of Nov 5, 2026. On $10,000 that's about $375 vs $371 a year at today's rates.
Which has the better total return?
USFR. From Sep 2022 to Oct 2026, it returned 4.7% a year with distributions reinvested, against 4.4% for XHLF. $10,000 became $12,057 vs $11,910.
Which is cheaper, USFR or XHLF?
XHLF, with a 0.03% expense ratio against 0.15%.
How are USFR and XHLF taxed?
USFR: Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies). XHLF: 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.