Vanguard Ultra-Short Bond ETF
$49.480.00 (−0.01%)
- 0.10%
- $10.2B
- +3.5%
- 4.28%
- 2M sh
- $49.47
- low $49.37high $50.03
The ETF.net VUSB Grade
A
Score 81 out of 100
- 3 of 78
Score 81 of 100 falls in the A 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.A84 out of 100Rank 12 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C53 out of 100Rank 29 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B64 out of 100Rank 24 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A91 out of 100Rank 4 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A89 out of 100Rank 5 of 78
Our read on VUSB
AVanguard's first actively managed bond ETF, run by its in-house fixed income team and priced at 0.10%. It holds investment-grade paper maturing inside two years: a step past a money fund, well short of a real bond fund.
The fund seeks current income with limited price volatility while investing in diversified high- and medium-quality fixed-income securities. It expects to maintain a dollar-weighted average maturity of 0–2 years.
Why people hold it
- At 0.10%, it costs half the typical ultra-short bond ETF and undercuts the other leaders in the group: SHV, PULS, FLDR and DUSB all charge 0.15%.
- Active, not adventurous. The managers buy investment-grade bonds (A3-or-better high quality plus BBB-tier medium quality) and hold average maturity to zero-to-two years.personal1.vanguard.com
- Income lands monthly, sourced from roughly 170 bonds, so no single issuer drives the outcome.
- A multi-billion-dollar fund that trades actively, and the same portfolio team also runs a similar Vanguard ultra-short fund.personal1.vanguard.com
Worth knowing
- This is not a money market fund. No fixed $1 share price, and the market price can trade above or below the value of the holdings.personal1.vanguard.com
- The mandate allows BBB-tier credit, a notch of risk a Treasury-only neighbor like SHV doesn't take.personal1.vanguard.com
- Bonds this short reprice with short-term rates, so the monthly payout drifts up and down instead of holding a set level.personal1.vanguard.com
VUSB Holdings
- Bonds
- 1,348
- 10%
- United States Treasury Bill 08/05/2027
Sectors
- Technology100.0%
VUSB 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.
VUSB$10,349
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 | VUSB |
|---|---|
| Year to date | +2.5% |
| 1 month | +0.2% |
| 3 months | +0.7% |
| 1 year | +3.5% |
| 3 years | +5.1% |
| 5 years | +3.6% |
| 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 | VUSB |
|---|---|---|
| 2026 YTD | +2.5% | |
| 2025 | +5.2% | |
| 2024 | +5.7% | |
| 2023 | +5.5% | |
| 2022 | −0.4% | |
| 2021 | 0.0% |
VUSB in the news
VUSB Dividends
- 4.28%
- $2.12
- $0.18 per share
- Monthly
Distribution history
VUSB Risk
- 0.8%
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.
- 0.75
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.
- −1.7%
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.
VUSB Cost
0.10%
VUSB0.10%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
12 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- ACLIPGlobal X - 1-3 Month T-Bill ETFExpense ratio 0.07%1 year return +3.8%
- AICSHiShares Ultra Short Duration Bond Active ETFExpense ratio 0.08%1 year return +3.5%
- ATBLLInvesco Short Term Treasury ETFExpense ratio 0.08%1 year return +3.6%
- AVBILVanguard 0-3 Month Treasury Bill ETFExpense ratio 0.06%1 year return +3.7%
- AXHLFBondBloxx Bloomberg Six Month Target Duration US Treasury ETFExpense ratio 0.03%1 year return +3.5%