Skip to content
etf.net

FUSD vs VUSB

Federated Hermes Ultrashort Bond ETF

FUSDDCboe

Vanguard Ultra-Short Bond ETF

VUSBACboe

Overlap

Expense ratio

VUSB −0.08pt a year

FUSD0.18%VUSB0.10%

Avg volume · 30D

VUSB 1175.4×the volume

FUSD1.71KVUSB2.01M

FUSD vs VUSB Performance

Aug 4, 2026 – Nov 4, 2026

+887290.0%FUSD+0.7%VUSB

Aug 4, 2026 to Nov 4, 2026. FUSD +887290.0%. VUSB +0.7%. Use the arrow keys to read each point.200,000%400,000%600,000%Aug 2026Sep 2026Nov 2026
Expense ratio
FUSD 0.18%
VUSB 0.10%, better
Fund size
FUSD $36M
VUSB $9.9B
1Y total return
FUSD No data
VUSB +3.7%
Yield (12M)
FUSD No data
VUSB 4.28%
Holdings
FUSD 145
VUSB 1352
Avg volume (30D)
FUSD 1.71K sh
VUSB 2.01M sh, better
NAV per share
FUSD $24.86
VUSB $49.45
52W range

ETF.net Grade

FUSD: Cost 54, Risk 60, Mission 20, Tradability 2, Holdings 69, Durability 13. VUSB: Cost 84, Risk 53, Mission 100, Tradability 67, Holdings 86, Durability 88.
Pillar letters and Scores for FUSD, VUSB, with each pillar’s weight
PillarFUSDVUSB
Cost30% weightC54A84Higher
Mission25% weightF20A100Higher
Risk15% weightB60HigherC53
Tradability15% weightF2B67Higher
Holdings10% weightB69A86Higher
Durability5% weightF13A88Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FUSD 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 FUSD 69th of 78 funds in the Cash & Ultra-Short Income Category.

  1. Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 84
  2. Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
  3. Rank 3AVBILVanguard 0-3 Month Treasury Bill ETFScore 81
  4. Rank 3AVUSBVanguard Ultra-Short Bond ETFScore 81
  5. Rank 5ASGOViShares 0-3 Month Treasury Bond ETFScore 80
  6. Rank 69DBAMUBrookstone Ultra-Short Bond ETFScore 37
  7. Rank 69DFUSDFederated Hermes Ultrashort Bond ETFScore 37
  8. Rank 69DSLWSSLW Short Duration Income ETFScore 37

Our read on each fund

ETF.net Research

FUSDDFederated Hermes Ultrashort Bond ETF

VUSBAVanguard Ultra-Short Bond ETF

In short

FUSD No data

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

FUSD No data

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

FUSD No data

  • 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

FUSD No data

  • 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 FUSD profile⁠

Full VUSB profile⁠

FUSD vs 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.

FUSD vs VUSB Cost

Overpaying FUSD vs VUSB

$1,643

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

  • FUSD 0.18%

    $3,749

  • VUSB 0.10%

    $2,106

$10,000
30 years

Cost over time

  • FUSD 0.18%
  • VUSB 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530FUSD $3,749VUSB $2,106

Year by year

YearFUSDVUSBOverpaying
10$328$183$145
20$1,281$717$564
30$3,749$2,106$1,643

Expense ratio

  • 0.18%FUSD
  • 0.10%VUSB, cheaper
  • Middle half of Cash & Ultra-Short Income funds
  • Median 0.18%

VUSB 13th cheapest of 78 funds

FUSD 36th cheapest of 78 funds

FUSD vs VUSB Dividends

Last 12 months to Nov 4, 2026
Yield (12M)
FUSD No data
VUSB 4.28%
Payout (12M)
FUSD No data
VUSB $2.12
Last payment
FUSD $0.10
VUSB $0.18
Ex-dividend
FUSD Oct 30, 2026
VUSB Nov 2, 2026
Paid on
FUSD Nov 2, 2026
VUSB Nov 4, 2026
Frequency
FUSD Monthly
VUSB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

FUSDMonthly · 4 paymentsAll FUSD payments⁠
One bar per payment. 4 payments from 2023 to 2026 YTD. Jul 31, 2026 $0.09; Aug 31, 2026 $0.09; Sep 30, 2026 $0.10; Oct 30, 2026 $0.10. Use the arrow keys to read each point.$0$0.2520232026YTD
VUSBMonthly · 46 paymentsAll VUSB payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.16; Mar 1, 2023 $0.15; Apr 3, 2023 $0.16; May 1, 2023 $0.17; Jun 1, 2023 $0.18; Jul 3, 2023 $0.18; Aug 1, 2023 $0.19; Sep 1, 2023 $0.19; Oct 2, 2023 $0.20; Nov 1, 2023 $0.20; Dec 1, 2023 $0.21; Dec 22, 2023 $0.22; Feb 1, 2024 $0.22; Mar 1, 2024 $0.20; Apr 1, 2024 $0.23; May 1, 2024 $0.22; Jun 3, 2024 $0.22; Jul 1, 2024 $0.21; Aug 1, 2024 $0.21; Sep 3, 2024 $0.21; Oct 1, 2024 $0.21; Nov 1, 2024 $0.21; Dec 2, 2024 $0.21; Dec 24, 2024 $0.21; Feb 3, 2025 $0.21; Mar 3, 2025 $0.19; Apr 1, 2025 $0.20; May 1, 2025 $0.19; Jun 2, 2025 $0.20; Jul 1, 2025 $0.19; Aug 1, 2025 $0.19; Sep 2, 2025 $0.19; Oct 1, 2025 $0.19; Nov 3, 2025 $0.19; Dec 1, 2025 $0.18; Dec 18, 2025 $0.18; Feb 2, 2026 $0.18; Mar 2, 2026 $0.17; Apr 1, 2026 $0.18; May 1, 2026 $0.18; Jun 1, 2026 $0.17; Jul 1, 2026 $0.18; Aug 3, 2026 $0.17; Sep 1, 2026 $0.17; Oct 1, 2026 $0.18; Nov 2, 2026 $0.18. Use the arrow keys to read each point.$0$0.2520232026YTD

FUSD vs VUSB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
FUSD No dataVUSB 0.8%
Return per unit of riskSharpe ratio, 3 years
FUSD No dataVUSB 0.86
Worst fallMax drawdown, 5 years
FUSD No dataVUSB −1.7%
Market sensitivityBeta, 5 years
FUSD 0.19VUSB 0.10

Popular comparisons

  • FUSDDvsICSHA

    Federated Hermes Ultrashort Bond ETF · iShares Ultra Short Duration Bond Active ETF

    Expense ratio
    0.18% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VUSBAvsSGOVA

    Vanguard Ultra-Short Bond ETF · iShares 0-3 Month Treasury Bond ETF

    Expense ratio
    0.10% · 0.09%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FUSDDvsCLIPA

    Federated Hermes Ultrashort Bond ETF · Global X 1-3 Month T-Bill ETF

    Expense ratio
    0.18% · 0.07%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VUSBAvsJPSTA

    Vanguard Ultra-Short Bond ETF · JPMorgan Ultra-Short Income ETF

    Expense ratio
    0.10% · 0.18%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FUSDDvsVBILA

    Federated Hermes Ultrashort Bond ETF · Vanguard 0-3 Month Treasury Bill ETF

    Expense ratio
    0.18% · 0.06%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • VUSBAvsICSHA

    Vanguard Ultra-Short Bond ETF · iShares Ultra Short Duration Bond Active ETF

    Expense ratio
    0.10% · 0.08%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.