DUSB vs VUSB: Grades, Fees and Holdings Compared

Dimensional Ultrashort Fixed Income ETF

DUSBANYSE Arca

Vanguard Ultra-Short Bond ETF

VUSBACboe

Overlap

No data

Expense ratio

VUSB −0.04pt a year

DUSB0.14%VUSB0.10%

Avg volume · 30D

VUSB 5.0×the volume

DUSB397KVUSB1.97M

3Y return · a year

VUSB +0.4pt

DUSB+4.8%VUSB+5.2%

DUSB vs VUSB Performance

Oct 31, 2025 – Oct 30, 2026

+3.7%DUSB+3.7%VUSB

Expense ratio: DUSB 0.14%; VUSB 0.10%, better
Fund size: DUSB $2.82B; VUSB $9.9B
1Y total return: DUSB +3.7%; VUSB +3.7%
Yield (12M): DUSB 3.92%; VUSB 4.27%, better
Holdings: DUSB 639; VUSB 1348
Avg volume (30D): DUSB 397K sh; VUSB 1.97M sh, better
NAV per share: DUSB $50.62; VUSB $49.62
52W range

ETF.net Grade

Pillar letters and Scores for DUSB, VUSB, with each pillar’s weight
Pillar	DUSB	VUSB
Cost30% weight	A76	A84Higher
Mission25% weight	A100	A100
Risk15% weight	C51	C53Higher
Tradability15% weight	B67Higher	B66
Holdings10% weight	A76	A90Higher
Durability5% weight	A75	A89Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. DUSB 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 DUSB 14th 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 10AXONEBondBloxx Bloomberg One Year Target Duration US Treasury ETFScore 77
Rank 14ADUSBDimensional Ultrashort Fixed Income ETFScore 76
Rank 15ABILSState Street SPDR Bloomberg 3-12 Month T-Bill ETFScore 75

Our read on each fund

ETF.net Research

DUSBADimensional Ultrashort Fixed Income ETF

VUSBAVanguard Ultra-Short Bond ETF

In short

DUSB Most of this category just buys T-bills. Dimensional's ultrashort fund is the active one: corporates, bank paper and foreign dollar bonds, 0.14% net of a waiver through February 28, 2027.

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

DUSB The fund seeks to maximize total returns, consisting of income and capital appreciation. It generally invests in investment-grade fixed-income securities, usually maturing within one year, while maintaining a weighted average maturity of no more than one year.

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

DUSB The prospectus lets it lean into longer-dated paper when the term premium looks bigger, and stay short when it doesn't, with weighted average maturity capped at one year.sec.gov
Wider menu than a bill fund: Treasuries, agencies, corporates, commercial paper, bank obligations and dollar bonds of foreign issuers. Roughly 400 positions, paid out monthly.sec.gov
Fee sits near the category median at 0.14%, net of a waiver through February 28, 2027 (0.15% gross), and it is one of the stronger mandate implementations in the group.

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

DUSB Credit risk is the trade-off. Corporate and bank paper can widen in a stress episode in ways pure T-bill funds like VBIL and CLIP don't.sec.gov
Costs more than the index bill crowd: 0.14% net of a waiver through February 28, 2027 against 0.06% for VBIL and 0.07% for CLIP. The active work has to earn that gap.
Moderately traded and a 2023 launch, so it is younger and less busy than the category's biggest names.

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 DUSB profile⁠

Full VUSB profile⁠

DUSB vs VUSB Holdings

How DUSB and VUSB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile86.8%
Asset classFixed Income100%

Sector

No Sector split for DUSB and VUSB.

Country, concentration and asset class

Country by domicile

Country weights in DUSB and VUSB, widest gap first
Country	More in DUSBMore in VUSB	DUSB	VUSB
United States	VUSB +4.4 points	72.5%	76.9%
Australia	DUSB +3.1 points	4.7%	1.6%
France	DUSB +3.1 points	3.7%	0.6%
Cayman Islands	VUSB +2.5 points	0.0%	2.5%
Canada	VUSB +2.4 points	4.8%	7.2%
Germany	VUSB +1.6 points	0.1%	1.7%
Netherlands	DUSB +1.3 points	1.7%	0.4%
Norway	DUSB +1.1 points	1.1%	0.0%
Other countries (20)	DUSB +2.4 points	11.5%	9.1%

Outside the US: DUSB 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

DUSB11.8%
VUSB11.2%

Securities held

DUSB622
VUSB1,342

Asset class

DUSB: Fixed Income
VUSB: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. DUSB holds 622 securities, VUSB 1,342.

All 432 DUSB 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.

DUSB vs VUSB Cost

Overpaying DUSB vs VUSB

$826

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

DUSB 0.14%
$2,932
VUSB 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

DUSB 0.14%
VUSB 0.10%
Overpaying

Year by year

Year	DUSB	VUSB	Overpaying
10	$256	$183	$73
20	$1,000	$717	$283
30	$2,932	$2,106	$826

Expense ratio

0.14%DUSB
0.10%VUSB, cheaper

VUSB0.10%DUSB0.14%

0.03%1.00%

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

VUSB 13th cheapest of 78 funds

DUSB 20th cheapest of 78 funds

DUSB vs VUSB Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DUSB 3.92%; VUSB 4.27%, better
Payout (12M): DUSB $1.98; VUSB $2.12
Last payment: DUSB $0.15; VUSB $0.18
Ex-dividend: DUSB Oct 20, 2026; VUSB Oct 1, 2026
Paid on: DUSB Oct 22, 2026; VUSB Oct 5, 2026
Frequency: DUSB Monthly; VUSB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

DUSBMonthly · 37 paymentsAll DUSB payments⁠

VUSBMonthly · 45 paymentsAll VUSB payments⁠

DUSB vs VUSB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: DUSB 0.5%, betterVUSB 0.8%
Return per unit of riskSharpe ratio, 3 years: DUSB 0.66VUSB 0.86, better
Worst fallMax drawdown, 5 years: DUSB −0.3%since Sep 2023VUSB −1.7%
Market sensitivityBeta, 5 years: DUSB 0.01VUSB 0.10; Market = 1

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