LDUR vs VUSB: Grades, Fees and Holdings Compared

PIMCO Enhanced Low Duration Active Exchange-Traded Fund

LDURCNYSE Arca

Vanguard Ultra-Short Bond ETF

VUSBACboe

Overlap

No data

Expense ratio

VUSB −0.41pt a year

LDUR0.51%VUSB0.10%

Avg volume · 30D

VUSB 24.4×the volume

LDUR83.7KVUSB2.04M

5Y return · a year

VUSB +1.2pt

LDUR+2.5%VUSB+3.7%

LDUR vs VUSB Performance

Nov 9, 2021 – Nov 9, 2026

+13.1%LDUR+20.1%VUSB

Expense ratio: LDUR 0.51%; VUSB 0.10%, better
Fund size: LDUR $1.39B; VUSB $9.9B
1Y total return: LDUR +2.8%; VUSB +3.7%, better
Yield (12M): LDUR 4.18%; VUSB 4.27%, better
Holdings: LDUR 667; VUSB 1352
Avg volume (30D): LDUR 83.7K sh; VUSB 2.04M sh, better
NAV per share: LDUR $94.64; VUSB $49.51
52W range

ETF.net Grade

Pillar letters and Scores for LDUR, VUSB, with each pillar’s weight
Pillar	LDUR	VUSB
Cost30% weight	F1	A84Higher
Mission25% weight	A100	A100
Risk15% weight	C44	C52Higher
Tradability15% weight	C47	B67Higher
Holdings10% weight	B68	A86Higher
Durability5% weight	A72	A88Higher

Rank among Cash & Ultra-Short Income funds

How we build Categories ›

Same Category. LDUR 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 2nd and LDUR 64th of 78 funds in the Cash & Ultra-Short Income Category.

Rank 1AICSHiShares Ultra Short Duration Bond Active ETFScore 84
Rank 2ACLIPGlobal X 1-3 Month T-Bill ETFScore 81
Rank 2AVBILVanguard 0-3 Month Treasury Bill ETFScore 81
Rank 2AVUSBVanguard Ultra-Short Bond ETFScore 81
Rank 5ATBLLInvesco Short Term Treasury ETFScore 80
Rank 63CSOFRAmplify Samsung SOFR ETFScore 50
Rank 64CLDURPIMCO Enhanced Low Duration Active Exchange-Traded FundScore 49
Rank 65CARCMArrow Reserve Capital Management ETFScore 46

Our read on each fund

ETF.net Research

LDURCPIMCO Enhanced Low Duration Active Exchange-Traded Fund

VUSBAVanguard Ultra-Short Bond ETF

In short

LDUR Short bonds, run by hand. LDUR is PIMCO's actively managed low-duration portfolio: US, foreign and emerging-market debt, roughly 500 positions, income paid monthly, on the tape since 2014.

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

LDUR The Fund seeks total return through income from investments and potential capital appreciation. It normally invests at least 80% of net assets in a diversified portfolio of fixed-income instruments with varying maturities.

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

LDUR Short-maturity bonds move less when rates move than long bonds do, and here a manager steers the maturity mix instead of tracking a fixed index.
One ticket reaches US, international and emerging-market fixed income, spread across roughly 500 positions.
Income lands monthly, and it's a multi-billion-dollar fund trading since 2014, not a thin startup with a wide spread.

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

LDUR Active bond management costs 0.54% a year. Index-tracking neighbors like BND and SPAB charge 0.03%, so there's a real fee gap for the manager to cover.
No index to hold it to: results hinge on the team's calls, and the mandate pins only 80% of net assets to fixed-income instruments.
Emerging-market and foreign bonds add credit and currency variables a US-only aggregate fund doesn't carry.

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 LDUR profile⁠

Full VUSB profile⁠

LDUR vs VUSB Holdings

How LDUR and VUSB differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Sector3 Sectors53.9%
Countryby domicile88.0%
Asset classBonds100%

Sector

Sector weights in LDUR and VUSB, widest gap first
Sector	Gap	LDUR	VUSB
Government	LDUR +46.1 points	53.9%	7.8%
Corporate	VUSB +41.0 points	21.2%	62.2%
Securitized	VUSB +5.1 points	24.9%	30.0%

Country, concentration and asset class

Country by domicile

Country weights in LDUR and VUSB, widest gap first
Country	Gap	LDUR	VUSB
Cayman Islands	LDUR +7.6 points	10.1%	2.5%
Canada	VUSB +4.9 points	2.3%	7.2%
Germany	VUSB +1.7 points	0.0%	1.7%
Israel	LDUR +1.7 points	1.8%	0.1%
United States	VUSB +1.5 points	75.4%	76.9%
Switzerland	VUSB +1.0 points	0.0%	1.0%
United Kingdom	VUSB +0.8 points	2.7%	3.5%
Taiwan	LDUR +0.7 points	0.7%	0.0%
Other countries (17)	Same weight	7.1%	7.1%

Outside the US: LDUR 45% developed, 55% emerging.

Concentration

Weight in the 10 largest Holdings

LDUR21.9%
VUSB12.6%

Securities held

LDUR655
VUSB1,346

Asset class

LDUR: Bonds
VUSB: Bonds

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. LDUR holds 655 securities, VUSB 1,346.

All 492 LDUR holdings⁠All 1,347 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.

LDUR vs VUSB Cost

Overpaying LDUR vs VUSB

$8,059

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

LDUR 0.51%
$10,165
VUSB 0.10%
$2,106

Amount$10,000

Years30 years

Cost over time

LDUR 0.51%
VUSB 0.10%
Overpaying

Year by year

Year	LDUR	VUSB	Overpaying
10	$918	$183	$735
20	$3,527	$717	$2,810
30	$10,165	$2,106	$8,059

Expense ratio

0.51%LDUR
0.10%VUSB, cheaper

VUSB0.10%LDUR0.51%

0.03%1.00%

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

VUSB 13th cheapest of 78 funds

LDUR 77th cheapest of 78 funds

LDUR vs VUSB Dividends

Last 12 months to Nov 9, 2026

Yield (12M): LDUR 4.18%; VUSB 4.27%, better
Payout (12M): LDUR $3.95; VUSB $2.12
Last payment: LDUR $0.34; VUSB $0.18
Ex-dividend: LDUR Nov 2, 2026; VUSB Nov 2, 2026
Paid on: LDUR Nov 4, 2026; VUSB Nov 4, 2026
Frequency: LDUR Monthly; VUSB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

LDURMonthly · 46 paymentsAll LDUR payments⁠

VUSBMonthly · 46 paymentsAll VUSB payments⁠

LDUR vs VUSB Risk

Fall from peak · 5 years

LDUR
VUSB

Risk facts

VolatilityStd dev, 3 years: LDUR 1.6%VUSB 0.8%, better
Return per unit of riskSharpe ratio, 3 years: LDUR 0.31VUSB 0.86, better
Worst fallMax drawdown, 5 years: LDUR −6.4%VUSB −1.7%, better
Market sensitivityBeta, 5 years: LDUR 0.20VUSB 0.10; Market = 1

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