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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 Bond32.78 Bil0.136%397882Passive
JPMorgan Ultra-Short Income ETFJPSTUltrashort Bond23.11 Bil0.180%3621Active
iShares® 0-3 Month Treasury Bond ETFSGOVUltrashort Bond20.92 Bil0.070%28Passive
iShares Short Treasury Bond ETFSHVUltrashort Bond18.81 Bil0.150%547479Passive
WisdomTree Floating Rate Treasury ETFUSFRUltrashort Bond17.69 Bil0.150%185569Passive
PIMCO Enhanced Short Maturity Active ETFMINTUltrashort Bond11.75 Bil0.350%675937Active
Janus Henderson AAA CLO ETFJAAAUltrashort Bond9.42 Bil0.210%3Active
iShares Floating Rate Bond ETFFLOTUltrashort Bond7.37 Bil0.150%91223Passive
iShares Treasury Floating Rate Bond ETFTFLOUltrashort Bond7.00 Bil0.150%216370Passive
PGIM Ultra Short Bond ETFPULSUltrashort Bond6.73 Bil0.150%119Active
First Trust Enhanced Short Maturity ETFFTSMUltrashort Bond6.44 Bil0.450%5365Active
BlackRock Ultra Short-Term Bond ETFICSHUltrashort Bond5.57 Bil0.080%302937Active
Goldman Sachs Access Treasury 0-1 Yr ETFGBILUltrashort Bond5.34 Bil0.120%5576Passive
Vanguard Ultra-Short Bond ETFVUSBUltrashort Bond4.26 Bil0.100%76Active
US Treasury 3 Month Bill ETFTBILUltrashort Bond3.51 Bil0.150%Passive
BlackRock Short Duration Bond ETFNEARUltrashort Bond2.97 Bil0.250%292725Active
Alpha Architect 1-3 Month Box ETFBOXXUltrashort Bond2.92 Bil0.195%Active
SPDR® Bloomberg 3-12 Mth TBill ETFBILSUltrashort Bond2.85 Bil0.135%61Passive
SPDR® Blmbg Inv Grd Flt Rt ETFFLRNUltrashort Bond2.40 Bil0.150%101419Passive
Janus Henderson Short Duration Inc ETFVNLAUltrashort Bond2.27 Bil0.230%5623Active
Invesco Ultra Short Duration ETFGSYUltrashort Bond2.04 Bil0.230%493621Active
Invesco Short Term Treasury ETFTBLLUltrashort Bond1.66 Bil0.080%5473Passive
VanEck IG Floating Rate ETFFLTRUltrashort Bond1.58 Bil0.140%667Passive
FlexShares Ultra-Short Income ETFRAVIUltrashort Bond1.15 Bil0.250%634248Active
Invesco Variable Rate Investment Grd ETFVRIGUltrashort Bond1.03 Bil0.300%55Active
AB Ultra Short Income ETFYEARUltrashort Bond1.01 Bil0.250%Active
Goldman Sachs Access Ultra Short Bd ETFGSSTUltrashort Bond596.31 Mil0.160%3930Active
SPDR® SSgA Ultra Short Term Bond ETFULSTUltrashort Bond577.86 Mil0.200%423944Active
US Treasury 6 Month Bill ETFXBILUltrashort Bond552.25 Mil0.150%Passive
Dimensional Ultrashort Fixed Income ETFDUSBUltrashort Bond486.75 Mil0.150%Active
Fidelity Low Duration Bond Factor ETFFLDRUltrashort Bond458.69 Mil0.150%4531Passive
NEOS Enhanced Income CA Alt ETFCSHIUltrashort Bond437.13 Mil0.380%Active
Angel Oak UltraShort Income ETFUYLDUltrashort Bond422.94 Mil0.290%Active
Global X 1-3 Month T-Bill ETFCLIPUltrashort Bond414.40 Mil0.070%Passive
Fidelity Low Duration Bond ETFFLDBUltrashort Bond373.36 Mil0.200%Active
VanEck CLO ETFCLOIUltrashort Bond353.56 Mil0.400%Active
iShares Interest Rate Hedged Corp Bd ETFLQDHUltrashort Bond346.97 Mil0.230%12Passive
PIMCO Ultra Short Government Active ETFBILZUltrashort Bond307.65 Mil0.140%Active
BlackRock AAA CLO ETFCLOAUltrashort Bond253.32 Mil0.200%Active
PIMCO Enhanced Short Mtrty Actv ESG ETFEMNTUltrashort Bond166.42 Mil0.240%62Active
ClearShares Ultra-Short Maturity ETFOPERUltrashort Bond160.57 Mil0.200%1749Active
T. Rowe Price Ultra Short-Term Bond ETFTBUXUltrashort Bond158.21 Mil0.170%Active
PGIM AAA CLO ETFPAAAUltrashort Bond157.74 Mil0.190%Active
Amplify Samsung SOFR ETFSOFUltrashort Bond155.65 Mil0.200%Passive
iShares Interest Rate Hdg L/T Corp BdETFIGBHUltrashort Bond114.26 Mil0.140%11Passive
Hartford AAA CLO ETFHSRTUltrashort Bond111.46 Mil0.240%9022Active
Strive Enhanced Income Short MaturityETFBUXXUltrashort Bond100.91 Mil0.250%Active
Invesco AAA CLO Floating Rate Note ETFICLOUltrashort Bond97.62 Mil0.200%Active
Putnam ESG Ultra Short ETFPULTUltrashort Bond85.59 Mil0.250%Active
Touchstone Ultra Short Income ETFTUSIUltrashort Bond81.01 Mil0.250%Active

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