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HBIL vs VUSB

HARBOR SHORT TERM TREASURY ETF

HBIL—NYSE Arca

Vanguard Ultra-Short Bond ETF

VUSBACboe

Overlap

No data

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

HBIL0.10%VUSB0.10%

Avg volume · 30D

VUSB 74.1×the volume

HBIL26.6KVUSB1.97M

HBIL vs VUSB Performance

Sep 30, 2026 – Oct 30, 2026

+0.4%HBIL+0.5%VUSB

Sep 30, 2026 to Oct 30, 2026. HBIL +0.4%. VUSB +0.5%. Use the arrow keys to read each point.0%0.1%0.2%0.3%Sep 30Oct 15Oct 30
Expense ratio
HBIL 0.10%
VUSB 0.10%
Fund size
HBIL $6M
VUSB $9.9B
1Y total return
HBIL No data
VUSB +3.7%
Yield (12M)
HBIL No data
VUSB 4.27%
Holdings
HBIL 1
VUSB 1348
Avg volume (30D)
HBIL 26.6K sh
VUSB 1.97M sh, better
NAV per share
HBIL $20.08
VUSB $49.62
52W range

ETF.net Grade

  • —HBILNot yet graded
VUSB: Cost 84, Risk 53, Mission 100, Tradability 66, Holdings 90, Durability 89.
Pillar letters and Scores for HBIL, VUSB, with each pillar’s weight
PillarHBILVUSB
Cost30% weightNot scoredA84
Mission25% weightNot scoredA100
Risk15% weightNot scoredC53
Tradability15% weightNot scoredB66
Holdings10% weightNot scoredA90
Durability5% weightNot scoredA89

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Cash & Ultra-Short Income⁠

Category · 78 funds
See all 78 ›

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

  1. Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 85
  2. Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 82
  3. Rank 3AVUSBVanguard Ultra-Short Bond ETFScore 81
  4. Rank 4ATBLLInvesco Short Term Treasury ETFScore 80
  5. HBILNot yet graded

Our read on each fund

ETF.net Research

HBIL—HARBOR SHORT TERM TREASURY ETF

VUSBAVanguard Ultra-Short Bond ETF

In short

HBIL 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

HBIL 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

HBIL 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

HBIL 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 HBIL profile⁠

Full VUSB profile⁠

HBIL 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.

HBIL vs VUSB Cost

Same expense ratio

$2,106

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

  • HBIL 0.10%

    $2,106

  • VUSB 0.10%

    $2,106

$10,000
30 years

Cost over time

  • HBIL 0.10%
  • VUSB 0.10%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530HBIL $2,106VUSB $2,106

Year by year

YearHBILVUSB
10$183$183
20$717$717
30$2,106$2,106

Expense ratio

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

HBIL 13th cheapest of 78 funds

VUSB 13th cheapest of 78 funds

HBIL vs VUSB Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
HBIL No data
VUSB 4.27%
Payout (12M)
HBIL No data
VUSB $2.12
Last payment
HBIL $0.07
VUSB $0.18
Ex-dividend
HBIL Oct 1, 2026
VUSB Oct 1, 2026
Paid on
HBIL Oct 6, 2026
VUSB Oct 5, 2026
Frequency
HBIL Monthly
VUSB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

HBILMonthly · 2 paymentsAll HBIL payments⁠
One bar per payment. 2 payments from 2023 to 2026 YTD. Sep 1, 2026 $0.02; Oct 1, 2026 $0.07. Use the arrow keys to read each point.$0$0.2520232026YTD
VUSBMonthly · 45 paymentsAll VUSB payments⁠
One bar per payment. 45 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. Use the arrow keys to read each point.$0$0.2520232026YTD

HBIL vs VUSB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
HBIL No dataVUSB 0.8%
Return per unit of riskSharpe ratio, 3 years
HBIL No dataVUSB 0.86
Worst fallMax drawdown, 5 years
HBIL No dataVUSB −1.7%
Market sensitivityBeta, 5 years
HBIL 0.00VUSB 0.10

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