Ultrashort Bond ETFs and funds invest in fixed-income securities with very short maturities, usually under one year. With minimal interest-rate sensitivity, they aim to offer higher yields than money market funds while keeping principal volatility low, making them a common choice for parking cash or managing short-term liquidity needs.

Ultrashort Bond

The iShares 0-3 Month Treasury Bond ETF seeks to track an index that includes U.S. Treasury bills with maturities of 0–3 months, offering a way to preserve capital and manage liquidity while seeking minimal interest rate risk.

NYSE

SGOV

The ETF seeks to track the investment results of the ICE U.S. Treasury Short Bond Index, which measures the performance of U.S. Treasury obligations with a maximum remaining maturity of 12 months or less.

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TBLL

SPDR Bloomberg 1-3 Month T-Bill ETF is a passive ETF managed by State Street Global Advisors. It aims to track the investment results of the Bloomberg 1-3 Month U.S. Treasury Bill Index. Launched on May 25, 2007, BIL offers investors exposure to short-term U.S. government debt with a low expense ratio.

The ETF primarily invests in 1-3 month U.S. Treasury bills, providing investors with a secure, low-risk investment option for preserving capital and generating income. BIL might be suitable for conservative investors seeking stability and a short-term, liquid alternative to cash investments. Formerly known as the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF.

BILZ

The fund seeks to track the investment results of the ICE Short US Treasury Securities Index, composed of U.S. Treasury bonds with remaining maturities of one year or less. Formerly known as the iShares Short Treasury Bond ETF.

Symbol	Name	Sharpe Ratio (1Y)	Sharpe Ratio (5Y)	Sharpe Ratio (10Y)	Risk / Return Rank
SGOV	iShares 0-3 Month Treasury Bond ETF	20.89	15.21	—	100
TBLL	Invesco Short Term Treasury ETF	19.44	7.74	—	100
BIL	SPDR Bloomberg 1-3 Month T-Bill ETF	19.17	13.55	8.73	100
BILZ	PIMCO Ultra Short Government Active Exchange-Trade...	18.46	—	—	100
SHV	iShares 0-1 Year Treasury Bond ETF	18.21	11.89	8.24	100

Top Ultrashort Bond ETFs by Sharpe Ratio

Top Ultrashort Bond ETFs by Sharpe Ratio