US Treasury 20 Year Bond ETF
$40.15−0.60 (−1.48%)
- Expense ratio
- 0.15%
- Fund size
- $8M
- 1Y return
- −3.0%
- Yield · Last 12 months
- 4.88%
- Holdings
- 2
- Volume · 30D
- 0M sh
- NAV per share
- $40.76
- 52W range
The ETF.net UTWY Grade
Score 60 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 42Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 65Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 50Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 50Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 18Category rank
Our read on UTWY
BMost long-Treasury funds blend dozens of bonds into one duration smoothie. UTWY aims at a single spot on the curve, tracking the ICE BofA Current 20-Year US Treasury Index, and pays monthly.
The fund seeks, before fees and expenses, to generally match the price and yield performance of the ICE BofA Current 20-Year US Treasury Index.
Why people hold it
- Targets one point on the yield curve, the current 20-year Treasury, instead of averaging everything past 20 years into a blended maturity.
- Tracking is one of the tighter jobs in the long-Treasury group: the fund has stayed very close to its stated index.
- Costs 0.15% a year, matching the median for long-Treasury ETFs and the same fee as TLT, the category's best-known name.
- Distributions land monthly rather than quarterly, a cadence income-focused bond holders tend to prefer.
Worth knowing
- Cheaper long-Treasury options exist: VGLT charges 0.03%, BBLB 0.04% and EDV 0.05%, against UTWY's 0.15%.
- Small and thinly traded next to the category's giants, so bid-ask spreads can add cost beyond the headline fee.
- Launched in 2023, so the track record is short, and 20-year paper moves sharply when long rates move.
UTWY Holdings
- Bonds
- 2
- 100%
- United States Treasury Note/Bond 5.125% 08/15/2046
UTWY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | UTWY |
|---|---|
| Year to date | −3.3% |
| 1 month | −0.5% |
| 3 months | −3.3% |
| 1 year | −3.0% |
| 3 years | +1.2% |
| 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 | UTWY |
|---|---|---|
| 2026 YTD | −3.3% | |
| 2025 | +4.8% | |
| 2024 | −4.9% | |
| 2023 | −1.8% |
UTWY in the news
ETF.net Research hasn’t filed on UTWY yet — coverage lands here as it’s written.
UTWY Dividends
- 4.88%
- $1.99
- $0.17 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 27, 2026 | Aug 28, 2026 | $0.17 |
| Jul 28, 2026 | Jul 29, 2026 | $0.17 |
| Jun 29, 2026 | Jun 30, 2026 | $0.17 |
| May 28, 2026 | May 29, 2026 | $0.16 |
| Apr 28, 2026 | Apr 29, 2026 | $0.16 |
| Mar 30, 2026 | Mar 31, 2026 | $0.16 |
| Feb 26, 2026 | Feb 27, 2026 | $0.17 |
| Jan 29, 2026 | Jan 30, 2026 | $0.17 |
| Dec 30, 2025 | Dec 31, 2025 | $0.16 |
| Dec 2, 2025 | Dec 3, 2025 | $0.17 |
| Nov 3, 2025 | Nov 4, 2025 | $0.17 |
| Oct 1, 2025 | Oct 2, 2025 | $0.16 |
UTWY Risk
- 11.1%
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.
- −0.34
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.
- −18.2%
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.
- 1.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
UTWY Cost
- The middle half of Treasuries (20+ Year) funds
- Median 0.15%
4 of the 11 Treasuries (20+ Year) funds charge less.