USFRvsNOVZETF Comparison
VS
ETF 2
NOVZ
TrueShares Structured Outcome November ETF - USD
This fund is part of
Options Strategies
+0.51%
WisdomTree Floating Rate Treasury Fund (USFR) belongs to the US Government Bonds segment. TrueShares Structured Outcome November ETF - USD (NOVZ) is part of the Options Strategies segment. USFR's top 1 sector exposures are Sovereign. In contrast, NOVZ's top sector exposures are Sovereign and Non-Corporate. USFR is less expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.79% for NOVZ. USFR is up 2.71% year-to-date (YTD) with +$2.83B in YTD flows. NOVZ performs better with 8.48% YTD performance, and +$17M in YTD flows. Run a side-by-side ETF comparison of USFR and NOVZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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USFR vs NOVZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | USFR NOVZ | +0.33%-0.90% | +0.99%+2.21% | +2.71%+8.48% | +4.03%+12.09% | +14.62%+52.94% | +21.04%+62.49% |
| Flows | USFR NOVZ | +$424M- | +$1.75B-$896K | +$2.83B+$17M | +$591M+$16M | +$1.11B+$21M | +$18.10B+$27M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | USFR NOVZ | +0.16%+9.08% | +0.16%+9.66% | +0.21%+11.57% | +0.22%+12.98% |
| Max drawdown | USFR NOVZ | n/a-2.54% | n/a-6.65% | n/a-14.50% | -0.04%-17.00% |
| Max drawdown duration | USFR NOVZ | n/a46d | n/a92d | n/a126d | 29d548d |
Trading data
USFR | NOVZ | |
Last sale 9/11/2026 at 1:30 PM | $50.46 | $47.65 |
| Previous close 09/10/2026 | $50.42 | $47.34 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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NOVZ
is actively managed and doesn’t replicate an indexUSFR | NOVZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
USFR | NOVZ | |
|---|---|---|
| Last price | $50.46 | $47.65 |
| 1D performance | +0.08% | +0.66% |
| AuM | $19.24 B | $37.15 M |
| E/R | 0.15% | 0.79% |
Characteristics
USFR | NOVZ | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | WisdomTree | TrueShares |
| Benchmark | Bloomberg U.S. Treasury Floating Rate Bond Index | - |
| N° of holdings | 5 | 2 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 4, 2014 | November 1, 2020 |
| ESG | No | No |
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Exposure
Countries
USFR
USA
99.02%
Other
0.98%
NOVZ
USA
93.52%
Other
6.48%
Sectors
USFR
Sovereign
99.02%
Other
0.98%
NOVZ
Sovereign
93.43%
Other
6.57%
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Diversification
USFR
Total weight of top 5 holdings out of 5
99.02%
NOVZ
Total weight of top 2 holdings out of 2
93.52%
Top 15 holdings
Data as of July 31, 2026
USFR
USA, Notes FRN 31oct2027, USD (BK-2027)
27.83%
USA, Notes FRN 30apr2028, USD (BB-2028)
27.80%
USA, Notes FRN 31jan2028, USD (AX-2028)
27.80%
USA, Notes FRN 31jul2027, USD (BF-2027)
9.06%
USA, Notes FRN 31jul2028, USD (BF-2028)
6.53%
NOVZ
USA, Bills 0% 29oct2026, USD (364D)
93.43%
State Street Institutional US Government Money Market Fund
0.09%
Frequently asked questions about USFR and NOVZ
How have the USFR and NOVZ ETFs performed in 2026?
As of September 11, 2026, USFR is up 2.71% year-to-date (YTD), while NOVZ has returned 8.48%. That puts NOVZ better performer ahead so far this year.
Which ETF is attracting more investor money: USFR or NOVZ?
Year-to-date, the USFR ETF saw +$2.83B in flows, compared to +$17M for NOVZ.
Which ETF is more volatile: USFR or NOVZ?
Over the past year, USFR had a volatility of 0.16%, while NOVZ experienced 9.66%.
Which ETF is bigger: USFR or NOVZ?
As of September 11, 2026, USFR holds $19.24 B in assets under management (AUM), while NOVZ manages $37.15 M.
What sectors do the USFR and NOVZ ETFs invest in?
USFR leans toward sectors like Sovereign. Meanwhile, NOVZ focuses on Sovereign.
What are the top holdings of the USFR ETF and NOVZ ETF?
USFR top holdings include USA, Notes FRN 31oct2027, USD (BK-2027), USA, Notes FRN 30apr2028, USD (BB-2028) and USA, Notes FRN 31jan2028, USD (AX-2028). NOVZ holds in its top three: USA, Bills 0% 29oct2026, USD (364D) and State Street Institutional US Government Money Market Fund.
Which ETF is more diversified: USFR or NOVZ?
USFR has 5 securities and NOVZ has 2 securities.
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