US Treasury 2 Year Note ETF
$47.600.00 (+0.01%)
- 0.15%
- $520M
- +1.9%
- 4.02%
- 113K sh
- low $47.27high $48.70
The ETF.net UTWO Grade
B
Score 60 out of 100
- 8 of 15
Score 60 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.C43 out of 100Rank 8 of 15Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 14Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C43 out of 100Rank 11 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 4 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D34 out of 100Rank 14 of 15Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B57 out of 100Rank 8 of 15
Our read on UTWO
In short
BMost short Treasury funds hand you a 1-3 year blend. UTWO aims at a single spot on the curve, the 2-year note segment, and pays monthly. A precision tool from F/m, on the market since 2022.
Stated mandate
The fund is designed to provide exposure to the U.S. Treasury 2-year note segment. It may invest up to 20% of assets outside its underlying index when the adviser believes those investments will improve tracking.
Why people hold it
Worth knowing
UTWO 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.
UTWO$10,191
Returns run to the Oct 30, 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 | UTWO |
|---|---|
| Year to date | +1.1% |
| 1 month | +0.9% |
| 3 months | +0.5% |
| 1 year | +1.9% |
| 3 years | +3.9% |
| 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 | UTWO |
|---|---|---|
| 2026 YTD | +1.1% | |
| 2025 | +4.8% | |
| 2024 | +3.7% | |
| 2023 | +3.4% | |
| 2022 | −0.8% |
UTWO in the news
UTWO Dividends
- 4.02%
- $1.91
- $0.18 per share
- Monthly
UTWO Risk
- 1.7%
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.
- −0.36
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.
- −2.0%
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.
- 0.23
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.
UTWO Cost
Overpaying vs VGSH, tied cheapest in Treasuries (1-3 Year)
$2,499
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
UTWO 0.15%
$3,137
VGSH 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | UTWO | VGSH | Overpaying |
|---|---|---|---|
| 10 | $274 | $55 | $219 |
| 20 | $1,071 | $216 | $855 |
| 30 | $3,137 | $638 | $2,499 |
Other funds in Treasuries (1-3 Year)
- BSHYiShares 1-3 Year Treasury Bond ETFExpense ratio 0.15%1 year return +2.0%
- BSLDRGlobal X Short-Term Treasury Ladder ETFExpense ratio 0.12%1 year return +2.1%
- BUSSHWisdomTree 1-3 Year Laddered Treasury FundExpense ratio 0.15%1 year return +2.0%
- CNEARiShares Short Duration Bond Active ETFExpense ratio 0.25%1 year return +2.2%
- CFTSDFranklin Short Duration U.S. Government ETFExpense ratio 0.25%1 year return +2.6%
