Ultrashort Bond ETFs
Ultrashort-bond portfolios invest primarily in investment-grade U.S. fixed-income issues and have durations typically of less than one year. This category can include corporate or government ultrashort bond portfolios, but it excludes international, convertible, multisector, and high-yield bond portfolios. Because of their focus on bonds with very short durations, these portfolios offer minimal interest-rate sensitivity and therefore low risk and total return potential. Morningstar calculates monthly breakpoints using the effective duration of the Morningstar Core Bond Index in determining duration assignment. Ultrashort is defined as 25% of the three-year average effective duration of the MCBI.
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Name
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Ticker
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Morningstar Category
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Fund Size
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Adjusted Expense Ratio
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Total Return Rank in Category
3 Year
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Total Return Rank in Category
5 Year
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Total Return Rank in Category
10 Year
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Management Style
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| SPDR® Blmbg 1-3 Mth T-Bill ETF | BIL | Ultrashort Bond | 32.76 Bil | 0.136% | 39 | 78 | 82 | Passive |
| JPMorgan Ultra-Short Income ETF | JPST | Ultrashort Bond | 23.10 Bil | 0.180% | 36 | 21 | — | Active |
| iShares® 0-3 Month Treasury Bond ETF | SGOV | Ultrashort Bond | 20.86 Bil | 0.070% | 28 | — | — | Passive |
| iShares Short Treasury Bond ETF | SHV | Ultrashort Bond | 18.81 Bil | 0.150% | 54 | 74 | 79 | Passive |
| WisdomTree Floating Rate Treasury ETF | USFR | Ultrashort Bond | 17.69 Bil | 0.150% | 18 | 55 | 69 | Passive |
| PIMCO Enhanced Short Maturity Active ETF | MINT | Ultrashort Bond | 11.76 Bil | 0.350% | 67 | 59 | 37 | Active |
| Janus Henderson AAA CLO ETF | JAAA | Ultrashort Bond | 9.40 Bil | 0.210% | 2 | — | — | Active |
| iShares Floating Rate Bond ETF | FLOT | Ultrashort Bond | 7.36 Bil | 0.150% | 10 | 13 | 22 | Passive |
| iShares Treasury Floating Rate Bond ETF | TFLO | Ultrashort Bond | 7.00 Bil | 0.150% | 21 | 63 | 70 | Passive |
| PGIM Ultra Short Bond ETF | PULS | Ultrashort Bond | 6.77 Bil | 0.150% | 9 | 7 | — | Active |
| First Trust Enhanced Short Maturity ETF | FTSM | Ultrashort Bond | 6.44 Bil | 0.450% | 52 | 64 | — | Active |
| BlackRock Ultra Short-Term Bond ETF | ICSH | Ultrashort Bond | 5.58 Bil | 0.080% | 30 | 29 | 37 | Active |
| Goldman Sachs Access Treasury 0-1 Yr ETF | GBIL | Ultrashort Bond | 5.36 Bil | 0.120% | 55 | 76 | — | Passive |
| Vanguard Ultra-Short Bond ETF | VUSB | Ultrashort Bond | 4.24 Bil | 0.100% | 76 | — | — | Active |
| US Treasury 3 Month Bill ETF | TBIL | Ultrashort Bond | 3.47 Bil | 0.150% | — | — | — | Passive |
| BlackRock Short Duration Bond ETF | NEAR | Ultrashort Bond | 2.97 Bil | 0.250% | 29 | 27 | 25 | Active |
| SPDR® Bloomberg 3-12 Mth TBill ETF | BILS | Ultrashort Bond | 2.85 Bil | 0.135% | 61 | — | — | Passive |
| Alpha Architect 1-3 Month Box ETF | BOXX | Ultrashort Bond | 2.82 Bil | 0.195% | — | — | — | Active |
| SPDR® Blmbg Inv Grd Flt Rt ETF | FLRN | Ultrashort Bond | 2.40 Bil | 0.150% | 11 | 15 | 17 | Passive |
| Janus Henderson Short Duration Inc ETF | VNLA | Ultrashort Bond | 2.27 Bil | 0.230% | 59 | 22 | — | Active |
| Invesco Ultra Short Duration ETF | GSY | Ultrashort Bond | 2.07 Bil | 0.230% | 49 | 34 | 22 | Active |
| Invesco Short Term Treasury ETF | TBLL | Ultrashort Bond | 1.69 Bil | 0.080% | 51 | 71 | — | Passive |
| VanEck IG Floating Rate ETF | FLTR | Ultrashort Bond | 1.58 Bil | 0.140% | 5 | 4 | 6 | Passive |
| FlexShares Ultra-Short Income ETF | RAVI | Ultrashort Bond | 1.15 Bil | 0.250% | 61 | 40 | 46 | Active |
| Invesco Variable Rate Investment Grd ETF | VRIG | Ultrashort Bond | 1.03 Bil | 0.300% | 4 | 3 | — | Active |
| AB Ultra Short Income ETF | YEAR | Ultrashort Bond | 995.33 Mil | 0.250% | — | — | — | Active |
| Goldman Sachs Access Ultra Short Bd ETF | GSST | Ultrashort Bond | 596.11 Mil | 0.160% | 39 | 29 | — | Active |
| SPDR® SSgA Ultra Short Term Bond ETF | ULST | Ultrashort Bond | 577.19 Mil | 0.200% | 41 | 36 | 44 | Active |
| US Treasury 6 Month Bill ETF | XBIL | Ultrashort Bond | 551.04 Mil | 0.150% | — | — | — | Passive |
| Dimensional Ultrashort Fixed Income ETF | DUSB | Ultrashort Bond | 486.52 Mil | 0.150% | — | — | — | Active |
| Fidelity Low Duration Bond Factor ETF | FLDR | Ultrashort Bond | 449.20 Mil | 0.150% | 43 | 29 | — | Passive |
| Global X 1-3 Month T-Bill ETF | CLIP | Ultrashort Bond | 437.57 Mil | 0.070% | — | — | — | Passive |
| NEOS Enhanced Income CA Alt ETF | CSHI | Ultrashort Bond | 435.50 Mil | 0.380% | — | — | — | Active |
| Angel Oak UltraShort Income ETF | UYLD | Ultrashort Bond | 419.11 Mil | 0.290% | — | — | — | Active |
| Fidelity Low Duration Bond ETF | FLDB | Ultrashort Bond | 373.11 Mil | 0.200% | — | — | — | Active |
| VanEck CLO ETF | CLOI | Ultrashort Bond | 348.16 Mil | 0.400% | — | — | — | Active |
| iShares Interest Rate Hedged Corp Bd ETF | LQDH | Ultrashort Bond | 346.25 Mil | 0.230% | 1 | 1 | — | Passive |
| PIMCO Ultra Short Government Active ETF | BILZ | Ultrashort Bond | 265.20 Mil | 0.140% | — | — | — | Active |
| BlackRock AAA CLO ETF | CLOA | Ultrashort Bond | 248.07 Mil | 0.200% | — | — | — | Active |
| PIMCO Enhanced Short Mtrty Actv ESG ETF | EMNT | Ultrashort Bond | 166.39 Mil | 0.240% | 62 | — | — | Active |
| ClearShares Ultra-Short Maturity ETF | OPER | Ultrashort Bond | 165.54 Mil | 0.200% | 17 | 49 | — | Active |
| T. Rowe Price Ultra Short-Term Bond ETF | TBUX | Ultrashort Bond | 158.06 Mil | 0.170% | — | — | — | Active |
| PGIM AAA CLO ETF | PAAA | Ultrashort Bond | 157.66 Mil | 0.190% | — | — | — | Active |
| Amplify Samsung SOFR ETF | SOF | Ultrashort Bond | 155.60 Mil | 0.200% | — | — | — | Passive |
| iShares Interest Rate Hdg L/T Corp BdETF | IGBH | Ultrashort Bond | 112.69 Mil | 0.140% | 1 | 1 | — | Passive |
| Hartford AAA CLO ETF | HSRT | Ultrashort Bond | 111.42 Mil | 0.240% | 88 | 19 | — | Active |
| Strive Enhanced Income Short MaturityETF | BUXX | Ultrashort Bond | 100.82 Mil | 0.250% | — | — | — | Active |
| Invesco AAA CLO Floating Rate Note ETF | ICLO | Ultrashort Bond | 97.59 Mil | 0.200% | — | — | — | Active |
| Putnam ESG Ultra Short ETF | PULT | Ultrashort Bond | 85.51 Mil | 0.250% | — | — | — | Active |
| Touchstone Ultra Short Income ETF | TUSI | Ultrashort Bond | 83.48 Mil | 0.250% | — | — | — | Active |