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TRSY vs VUSB

Xtrackers US 0-1 Year Treasury ETF

TRSYACboe

Vanguard Ultra-Short Bond ETF

VUSBACboe

Overlap

No data

Expense ratio

TRSY −0.04pt a year

TRSY0.06%VUSB0.10%

Avg volume · 30D

VUSB 59.5×the volume

TRSY33.2KVUSB1.97M

TRSY vs VUSB Performance

Oct 31, 2025 – Nov 2, 2026

+3.6%TRSY+3.7%VUSB

Oct 31, 2025 to Nov 2, 2026. TRSY +3.6%. VUSB +3.7%. Use the arrow keys to read each point.0%1%2%Oct 2025May 2026Nov 2026
Expense ratio
TRSY 0.06%, better
VUSB 0.10%
Fund size
TRSY $103M
VUSB $9.9B
1Y total return
TRSY +3.6%
VUSB +3.7%, better
Yield (12M)
TRSY 3.75%
VUSB 4.66%, better
Holdings
TRSY 89
VUSB 1352
Avg volume (30D)
TRSY 33.2K sh
VUSB 1.97M sh, better
NAV per share
TRSY $30.22
VUSB $49.62
52W range

ETF.net Grade

TRSY: Cost 95, Risk 48, Mission 100, Tradability 56, Holdings 61, Durability 34. VUSB: Cost 84, Risk 53, Mission 100, Tradability 67, Holdings 90, Durability 89.
Pillar letters and Scores for TRSY, VUSB, with each pillar’s weight
PillarTRSYVUSB
Cost30% weightA95HigherA84
Mission25% weightA100A100
Risk15% weightC48C53Higher
Tradability15% weightB56B67Higher
Holdings10% weightB61A90Higher
Durability5% weightD34A89Higher

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. TRSY 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 TRSY 13th 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 5ATBLLInvesco Short Term Treasury ETFScore 80
  6. Rank 13ADUSBDimensional Ultrashort Fixed Income ETFScore 76
  7. Rank 13ATRSYXtrackers US 0-1 Year Treasury ETFScore 76
  8. Rank 15ABILSState Street SPDR Bloomberg 3-12 Month T-Bill ETFScore 75

Our read on each fund

ETF.net Research

TRSYAXtrackers US 0-1 Year Treasury ETF

VUSBAVanguard Ultra-Short Bond ETF

In short

TRSY 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

TRSY 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

TRSY 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

TRSY 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 TRSY profile⁠

Full VUSB profile⁠

TRSY vs VUSB Holdings

How TRSY 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 TRSY and VUSB.

Country, concentration and asset class

Country by domicile

Country weights in TRSY and VUSB, widest gap first
CountryMore in TRSYMore in VUSB
United StatesTRSY +23.1 points
CanadaVUSB +7.2 points
United KingdomVUSB +3.5 points
Cayman IslandsVUSB +2.5 points
JapanVUSB +2.1 points
GermanyVUSB +1.7 points
AustraliaVUSB +1.6 points
SwitzerlandVUSB +1.0 points
Other countries (13)VUSB +3.6 points

Concentration

Weight in the 10 largest Holdings

  • TRSY28.5%
  • VUSB12.6%

Securities held

  • TRSY88
  • VUSB1,346

Asset class

TRSY
Fixed Income
VUSB
Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. TRSY holds 88 securities, VUSB 1,346.

All 101 TRSY 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.

TRSY vs VUSB Cost

Overpaying VUSB vs TRSY

$836

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

  • TRSY 0.06%

    $1,270

  • VUSB 0.10%

    $2,106

$10,000
30 years

Cost over time

  • TRSY 0.06%
  • VUSB 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K$2.5K051015202530VUSB $2,106TRSY $1,270

Year by year

YearTRSYVUSBOverpaying
10$110$183$73
20$432$717$285
30$1,270$2,106$836

Expense ratio

  • 0.06%TRSY, cheaper
  • 0.10%VUSB
  • Middle half of Cash & Ultra-Short Income funds
  • Median 0.18%

TRSY 6th cheapest of 78 funds

VUSB 13th cheapest of 78 funds

TRSY vs VUSB Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
TRSY 3.75%
VUSB 4.66%, better
Payout (12M)
TRSY $1.13
VUSB $2.30
Last payment
TRSY $0.10
VUSB $0.18
Ex-dividend
TRSY Nov 2, 2026
VUSB Nov 2, 2026
Paid on
TRSY Pays Nov 9, 2026
VUSB Pays Nov 4, 2026
Frequency
TRSY Monthly
VUSB Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

TRSYMonthly · 24 paymentsAll TRSY payments⁠
One bar per payment. 24 payments from 2023 to 2026 YTD. Dec 2, 2024 $0.11; Dec 23, 2024 $0.18; Feb 3, 2025 $0.11; Mar 3, 2025 $0.09; Apr 1, 2025 $0.10; May 1, 2025 $0.08; Jun 2, 2025 $0.10; Jul 1, 2025 $0.11; Aug 1, 2025 $0.11; Sep 2, 2025 $0.10; Oct 1, 2025 $0.12; Nov 3, 2025 $0.10; Dec 1, 2025 $0.09; Dec 22, 2025 $0.10; Feb 2, 2026 $0.09; Mar 2, 2026 $0.08; Apr 1, 2026 $0.06; May 1, 2026 $0.09; Jun 1, 2026 $0.09; Jul 1, 2026 $0.09; Aug 3, 2026 $0.07; Sep 1, 2026 $0.09; Oct 1, 2026 $0.09; Nov 2, 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

TRSY vs VUSB Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
TRSY 0.2%since Nov 2024VUSB 0.8%
Return per unit of riskSharpe ratio, 3 years
TRSY −0.48since Nov 2024VUSB 0.86
Worst fallMax drawdown, 5 years
TRSY −0.8%since Oct 2024VUSB −1.7%
Market sensitivityBeta, 5 years
TRSY 0.02VUSB 0.10

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