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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
Ticker
Morningstar Category
Fund Size
Adjusted Expense Ratio
Total Return Rank in Category
3 Year
Total Return Rank in Category
5 Year
Total Return Rank in Category
10 Year
Management Style
SPDR® Blmbg 1-3 Mth T-Bill ETFBILUltrashort Bond31.49 Bil0.136%438185Passive
JPMorgan Ultra-Short Income ETFJPSTUltrashort Bond22.47 Bil0.180%4124Active
iShares® 0-3 Month Treasury Bond ETFSGOVUltrashort Bond18.58 Bil0.070%31Passive
iShares Short Treasury Bond ETFSHVUltrashort Bond18.02 Bil0.150%567680Passive
WisdomTree Floating Rate Treasury ETFUSFRUltrashort Bond17.40 Bil0.150%186166Passive
PIMCO Enhanced Short Maturity Active ETFMINTUltrashort Bond10.82 Bil0.350%705739Active
iShares Treasury Floating Rate Bond ETFTFLOUltrashort Bond8.88 Bil0.150%216469Passive
iShares Floating Rate Bond ETFFLOTUltrashort Bond7.24 Bil0.150%91321Passive
Janus Henderson AAA CLO ETFJAAAUltrashort Bond6.78 Bil0.220%2Active
First Trust Enhanced Short Maturity ETFFTSMUltrashort Bond6.69 Bil0.450%4963Active
PGIM Ultra Short Bond ETFPULSUltrashort Bond5.89 Bil0.150%1211Active
BlackRock Ultra Short-Term Bond ETFICSHUltrashort Bond5.83 Bil0.080%333034Active
Goldman Sachs Access Treasury 0-1 Yr ETFGBILUltrashort Bond5.71 Bil0.120%5878Passive
Vanguard Ultra-Short Bond ETFVUSBUltrashort Bond4.38 Bil0.100%Active
BlackRock Short Duration Bond ETFNEARUltrashort Bond3.03 Bil0.250%202125Active
US Treasury 3 Month Bill ETFTBILUltrashort Bond2.97 Bil0.150%Passive
SPDR® Bloomberg 3-12 Mth TBill ETFBILSUltrashort Bond2.78 Bil0.135%64Passive
SPDR® Blmbg Inv Grd Flt Rt ETFFLRNUltrashort Bond2.29 Bil0.150%111418Passive
Janus Henderson Short Duration Inc ETFVNLAUltrashort Bond2.26 Bil0.230%5416Active
Invesco Ultra Short Duration ETFGSYUltrashort Bond1.91 Bil0.220%483320Active
Invesco Short Term Treasury ETFTBLLUltrashort Bond1.52 Bil0.080%5272Passive
Alpha Architect 1-3 Month Box ETFBOXXUltrashort Bond1.41 Bil0.195%Active
VanEck IG Floating Rate ETFFLTRUltrashort Bond1.35 Bil0.140%767Passive
FlexShares Ultra-Short Income ETFRAVIUltrashort Bond1.12 Bil0.250%634047Active
AB Ultra Short Income ETFYEARUltrashort Bond898.61 Mil0.250%Active
Invesco Variable Rate Investment Grd ETFVRIGUltrashort Bond865.00 Mil0.300%55Active
SPDR® SSgA Ultra Short Term Bond ETFULSTUltrashort Bond610.36 Mil0.200%383245Active
Goldman Sachs Access Ultra Short Bd ETFGSSTUltrashort Bond609.67 Mil0.160%42Active
US Treasury 6 Month Bill ETFXBILUltrashort Bond507.03 Mil0.150%Passive
Fidelity Low Duration Bond Factor ETFFLDRUltrashort Bond372.53 Mil0.150%5025Passive
Angel Oak UltraShort Income ETFUYLDUltrashort Bond331.92 Mil0.290%Active
NEOS Enhanced Income CA Alt ETFCSHIUltrashort Bond315.00 Mil0.380%Active
iShares Interest Rate Hedged Corp Bd ETFLQDHUltrashort Bond298.54 Mil0.240%12Passive
Dimensional Ultrashort Fixed Income ETFDUSBUltrashort Bond277.60 Mil0.150%Active
VanEck CLO ETFCLOIUltrashort Bond268.08 Mil0.400%Active
Global X 1-3 Month T-Bill ETFCLIPUltrashort Bond246.08 Mil0.070%Passive
PIMCO Ultra Short Government Active ETFBILZUltrashort Bond231.41 Mil0.140%Active
PIMCO Enhanced Short Mtrty Actv ESG ETFEMNTUltrashort Bond176.40 Mil0.240%66Active
PGIM AAA CLO ETFPAAAUltrashort Bond157.94 Mil0.190%Active
ClearShares Ultra-Short Maturity ETFOPERUltrashort Bond155.14 Mil0.200%1954Active
Amplify Samsung SOFR ETFSOFUltrashort Bond150.30 Mil0.200%Passive
T. Rowe Price Ultra Short-Term Bond ETFTBUXUltrashort Bond120.63 Mil0.170%Active
Hartford AAA CLO ETFHSRTUltrashort Bond108.96 Mil0.290%9318Active
BlackRock AAA CLO ETFCLOAUltrashort Bond103.34 Mil0.200%Active
iShares Interest Rate Hdg L/T Corp BdETFIGBHUltrashort Bond97.25 Mil0.140%31Passive
Strive Enhanced Income Short MaturityETFBUXXUltrashort Bond85.45 Mil0.250%Active
BNY Mellon Ultra Short Income ETFBKUIUltrashort Bond74.39 Mil0.120%Active
Touchstone Ultra Short Income ETFTUSIUltrashort Bond63.03 Mil0.250%Active
Brookstone Ultra-Short Bond ETFBAMUUltrashort Bond61.48 Mil1.090%Active
Invesco AAA CLO Floating Rate Note ETFICLOUltrashort Bond57.55 MilActive

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