State Street Ultra Short Term Bond ETF
$40.21−0.04 (−0.09%)
- 0.20%
- $527M
- +3.4%
- 4.15%
- 77.5K sh
- low $40.11high $40.69
The ETF.net ULST Grade
B
Score 59 out of 100
- 40 of 78
Score 59 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D39 out of 100Rank 41 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 69Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C45 out of 100Rank 53 of 76Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C43 out of 100Rank 46 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 37 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A78 out of 100Rank 16 of 78
Our read on ULST
In short
BThe active option in a category full of index trackers: State Street's managers hand-pick roughly 300 short, high-quality bonds to squeeze income out of cash-adjacent money, and pay it out monthly.
Stated mandate
ULST seeks to maximize current income while preserving capital and maintaining daily liquidity through short-duration, high-quality investments. It is actively managed and invests in securities somewhat longer-term than traditional cash vehicles.
Why people hold it
Worth knowing
ULST Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
ULST$10,336
Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ULST |
|---|---|
| Year to date | +2.7% |
| 1 month | +0.5% |
| 3 months | +0.9% |
| 1 year | +3.4% |
| 3 years | +4.7% |
| 5 years | +3.8% |
| 10 years | +2.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ULST |
|---|---|---|
| 2026 YTD | +2.7% | |
| 2025 | +4.8% | |
| 2024 | +5.2% | |
| 2023 | +5.6% | |
| 2022 | +0.9% | |
| 2021 | +0.2% | |
| 2020 | +1.5% |
ULST in the news
ULST Dividends
- 4.15%
- $1.67
- $0.14 per share
- Monthly
ULST Risk
- 0.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.30
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −1.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.10
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
ULST Cost
Overpaying vs XHLF, tied cheapest in Cash & Ultra-Short Income
$3,517
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
ULST 0.20%
$4,155
XHLF 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | ULST | XHLF | Overpaying |
|---|---|---|---|
| 10 | $365 | $55 | $310 |
| 20 | $1,421 | $216 | $1,205 |
| 30 | $4,155 | $638 | $3,517 |
Other funds in Cash & Ultra-Short Income
- BVNLAJanus Henderson Short Duration Income ETFExpense ratio 0.23%1 year return +3.7%
- BDLUXDoubleLine Ultrashort Income ETFExpense ratio 0.18%1 year return
- BPMMFiShares Prime Money Market ETFExpense ratio 0.20%1 year return +2.7%
- BCSHPiShares Dynamic Short-Term Active ETFExpense ratio 0.20%1 year return +3.9%
- BGMOCGMO Ultra-Short Income ETFExpense ratio 0.20%1 year return +4.1%
