US Treasury 20 Year Bond ETF
$39.35+0.16 (+0.40%)
- 0.15%
- $9M
- −8.1%
- 5.08%
- 0M sh
- $39.17
- low $38.59high $45.23
The ETF.net UTWY Grade
B
Score 60 out of 100
- 7 of 11
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.C42 out of 100Rank 5 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 10Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A70 out of 100Rank 1 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C45 out of 100Rank 7 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C50 out of 100Rank 8 of 10Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F14 out of 100Rank 11 of 11
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.
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UTWY$9,193
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 | UTWY |
|---|---|
| Year to date | −6.6% |
| 1 month | −2.6% |
| 3 months | −5.5% |
| 1 year | −8.1% |
| 3 years | +1.5% |
| 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 | −6.6% | |
| 2025 | +4.8% | |
| 2024 | −4.9% | |
| 2023 | −1.8% |
UTWY in the news
UTWY Dividends
- 5.08%
- $1.99
- $0.16 per share
- Monthly
Distribution history
UTWY Risk
- 10.9%
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.
- −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
0.15%
UTWY0.15%
- The middle half of Treasuries (20+ Year) funds
- Median 0.15%
4 of the 11 Treasuries (20+ Year) funds charge less.
Other funds in Treasuries (20+ Year)
- BXTWYBondBloxx Bloomberg Twenty Year Target Duration US Treasury ETFExpense ratio 0.13%1 year return −12.6%
- BUTHYUS Treasury 30 Year Bond ETFExpense ratio 0.15%1 year return −9.6%
- BZROZPIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded FundExpense ratio 0.15%1 year return −18.0%
- CGOVZiShares 25+ Year Treasury STRIPS Bond ETFExpense ratio 0.15%1 year return −17.9%
- DTFJLInnovator 20+ Year Treasury Bond 5 Floor ETFExpense ratio 0.79%1 year return −9.6%