ARCM vs VUSB: Grades, Fees and Holdings Compared

Arrow Reserve Capital Management ETF

ARCMCCboe

Vanguard Ultra-Short Bond ETF

VUSBACboe

Overlap

No data

Expense ratio

VUSB −0.40pt a year

ARCM0.50%VUSB0.10%

Avg volume · 30D

VUSB 4978.4×the volume

ARCM396VUSB1.97M

5Y return · a year

VUSB +0.2pt

ARCM+3.5%VUSB+3.7%

ARCM vs VUSB Performance

Oct 29, 2021 – Oct 30, 2026

+18.5%ARCM+20.0%VUSB

Expense ratio: ARCM 0.50%; VUSB 0.10%, better
Fund size: ARCM $51M; VUSB $9.9B
1Y total return: ARCM +3.3%; VUSB +3.7%, better
Yield (12M): ARCM 3.87%; VUSB 4.27%, better
Holdings: ARCM 103; VUSB 1348
Avg volume (30D): ARCM 396 sh; VUSB 1.97M sh, better
NAV per share: ARCM $100.24; VUSB $49.62
52W range

ETF.net Grade

Pillar letters and Scores for ARCM, VUSB, with each pillar’s weight
Pillar	ARCM	VUSB
Cost30% weight	F3	A84Higher
Mission25% weight	A100	A100
Risk15% weight	C46	C53Higher
Tradability15% weight	D33	B66Higher
Holdings10% weight	B63	A90Higher
Durability5% weight	C47	A89Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. ARCM and VUSB are both graded against the same 78 Cash & Ultra-Short Income funds, so their Grades compare head to head.

Cash & Ultra-Short Income⁠

Category · 78 funds

See all 78 ›

VUSB ranks 3rd and ARCM 64th of 78 funds in the Cash & Ultra-Short Income Category.

Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 85
Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
Rank 3AVUSBVanguard Ultra-Short Bond ETFScore 81
Rank 4ATBLLInvesco Short Term Treasury ETFScore 80
Rank 62CSOFRAmplify Samsung SOFR ETFScore 49
Rank 64CARCMArrow Reserve Capital Management ETFScore 46
Rank 64CSCUBSterling Capital Ultra Short Duration Bond EtfScore 46

Our read on each fund

ETF.net Research

ARCMCArrow Reserve Capital Management ETF

VUSBAVanguard Ultra-Short Bond ETF

In short

ARCM Arrow's boutique take on cash parking, running since 2017: preserve capital, collect current income, pay monthly. The trade-off is a 0.50% fee in a corner of the bond market where the giants charge a fraction of that.

VUSB Vanguard'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.

Stated mandate

ARCM The Fund seeks to preserve capital while maximizing current income.

VUSB 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

ARCM Does what the label says: a reserve cash-management strategy aiming to preserve capital while maximizing current income, matching the mandate in its own filings.
Income is paid monthly, which fits the short-horizon cash job the fund is built for.
Trading since 2017, so it has operated across very different interest-rate environments instead of arriving mid-cycle.
A 1940 Act fund with a clearly stated fixed-income mandate, so what you own is spelled out in the prospectus.

VUSB 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.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.vanguard.com

Worth knowing

ARCM Fee is the headline trade-off: 0.50% against a 0.20% category median, and five times Vanguard's VUSB at 0.10%.
Small and thinly traded, so bid-ask spreads can run wider than the category heavyweights and larger orders can move the price.
In ultra-short bonds the expense ratio comes straight out of the income collected, so cost weighs more heavily here than in most categories.

VUSB 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.vanguard.com
The mandate allows BBB-tier credit, a notch of risk a Treasury-only neighbor like SHV doesn't take.vanguard.com
Bonds this short reprice with short-term rates, so the monthly payout drifts up and down instead of holding a set level.vanguard.com

Full ARCM profile⁠

Full VUSB profile⁠

ARCM vs VUSB Holdings

How ARCM and VUSB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile76.9%
Asset classFixed Income100%

Sector

No Sector split for ARCM and VUSB.

Country, concentration and asset class

Country by domicile

Country weights in ARCM and VUSB, widest gap first
Country	More in ARCMMore in VUSB	ARCM	VUSB
United States	ARCM +22.0 points	98.9%	76.9%
Canada	VUSB +7.2 points	0.0%	7.2%
United Kingdom	VUSB +3.5 points	0.0%	3.5%
Cayman Islands	VUSB +2.5 points	0.0%	2.5%
Japan	VUSB +2.1 points	0.0%	2.1%
Germany	VUSB +1.7 points	0.0%	1.7%
Australia	VUSB +1.6 points	0.0%	1.6%
Singapore	ARCM +1.1 points	1.1%	0.0%
Other countries (14)	VUSB +4.6 points	0.0%	4.6%

Concentration

Weight in the 10 largest Holdings

ARCM37.8%
VUSB11.2%

Securities held

ARCM102
VUSB1,342

Asset class

ARCM: Fixed Income
VUSB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. ARCM holds 102 securities, VUSB 1,342.

All ARCM holdings⁠All VUSB holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ARCM vs VUSB Cost

Overpaying ARCM vs VUSB

$7,873

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ARCM 0.50%
$9,979
VUSB 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

ARCM 0.50%
VUSB 0.10%
Overpaying

Year by year

Year	ARCM	VUSB	Overpaying
10	$900	$183	$717
20	$3,460	$717	$2,743
30	$9,979	$2,106	$7,873

Expense ratio

0.50%ARCM
0.10%VUSB, cheaper

VUSB0.10%ARCM0.50%

0.03%1.00%

Middle half of Cash & Ultra-Short Income funds
Median 0.18%

VUSB 13th cheapest of 78 funds

ARCM 76th cheapest of 78 funds

ARCM vs VUSB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ARCM 3.87%; VUSB 4.27%, better
Payout (12M): ARCM $3.87; VUSB $2.12
Last payment: ARCM $0.31; VUSB $0.18
Ex-dividend: ARCM Oct 30, 2026; VUSB Oct 1, 2026
Paid on: ARCM Pays Nov 4, 2026; VUSB Oct 5, 2026
Frequency: ARCM Monthly; VUSB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

ARCMMonthly · 46 paymentsAll ARCM payments⁠

VUSBMonthly · 45 paymentsAll VUSB payments⁠

ARCM vs VUSB Risk

Fall from peak · 5 years

ARCM
VUSB

Risk facts

VolatilityStd dev, 3 years: ARCM 0.4%, betterVUSB 0.8%
Return per unit of riskSharpe ratio, 3 years: ARCM −0.34VUSB 0.86, better
Worst fallMax drawdown, 5 years: ARCM −3.5%VUSB −1.7%, better
Market sensitivityBeta, 5 years: ARCM 0.03VUSB 0.10; Market = 1

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