US Treasury 3 Year Note ETF
$48.16+0.03 (+0.06%)
- 0.15%
- $11M
- 0.0%
- 3.68%
- 0M sh
- $48.13
- low $47.90high $50.09
The ETF.net UTRE Grade
B
Score 56 out of 100
- 10 of 19
Score 56 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.D28 out of 100Rank 11 of 19Mission
Whether the fund did what it promised, tested against its stated mandate.A96 out of 100Rank 13 of 17Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B67 out of 100Rank 1 of 19Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B56 out of 100Rank 10 of 19Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D33 out of 100Rank 19 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C42 out of 100Rank 13 of 19
Our read on UTRE
BF/m built its Treasury lineup one maturity at a time, and UTRE is the 3-year slot. Instead of a 3-to-10-year blend, it tracks the current 3-year note index and pays monthly.
The fund seeks, before fees and expenses, to track generally the price and yield performance of the ICE BofA Current 3-Year US Treasury Index.
Why people hold it
- Precision, not a blend: cohort peers SPTI and SCHR span 3 to 10 years, while UTRE aims at one point on the curve, the current 3-year Treasury note index.
- Tracking is the strong suit. The fund has stayed tight to its ICE BofA Current 3-Year US Treasury Index, which is the entire job of a Treasury tracker.
- Coupon cash comes monthly, a steadier drumbeat than a quarterly schedule.
Worth knowing
- The 0.15% fee sits at the cohort median, but the broad index shops undercut it: SPTI and SCHR at 0.03%, XTRE at 0.05%.
- Small and thinly traded, so spreads can run wider than at the cohort's giants. That shows up most on large or hurried orders.
- Short by design: a 3-year note moves less with rate swings than a 10-year, in both directions. It is a curve tool, not a duration bet.
UTRE Holdings
- Bonds
- 2
- 100%
- United States Treasury Note/Bond 4.375% 09/15/2029
UTRE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
UTRE$9,997
Returns run to the Oct 12, 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 | UTRE |
|---|---|
| Year to date | −0.7% |
| 1 month | −0.2% |
| 3 months | −0.8% |
| 1 year | 0.0% |
| 3 years | +3.7% |
| 5 years | — |
| 10 years | — |
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 | UTRE |
|---|---|---|
| 2026 YTD | −0.7% | |
| 2025 | +5.7% | |
| 2024 | +2.9% | |
| 2023 | +2.2% |
UTRE in the news
UTRE Dividends
- 3.68%
- $1.77
- $0.17 per share
- Monthly
Distribution history
UTRE Risk
- 2.5%
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.
- −0.38
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.
- −2.8%
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.
- 0.38
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
UTRE Cost
0.15%
UTRE0.15%
- The middle half of Treasuries (3-10 Year) funds
- Median 0.12%
10 of the 19 Treasuries (3-10 Year) funds charge less.
Other funds in Treasuries (3-10 Year)
- BIEIiShares 3-7 Year Treasury Bond ETFExpense ratio 0.15%1 year return −1.7%
- BIEFiShares 7-10 Year Treasury Bond ETFExpense ratio 0.15%1 year return −4.0%
- BMLDRGlobal X - Intermediate-Term Treasury Ladder ETFExpense ratio 0.12%1 year return −2.6%
- BUFIVUS Treasury 5 Year Note ETFExpense ratio 0.15%1 year return −2.2%
- CUTENUS Treasury 10 Year Note ETFExpense ratio 0.15%1 year return −4.8%