State Street Ultra Short Term Bond ETF (ULST)

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State Street Ultra Short Term Bond ETF (ULST) is up 1.2% since the beginning of the year. ULST is currently trading at $40 per share. Investors who bought $1,000 worth of ULST shares 5 years ago would now be looking at an investment worth $1,188.

State Street Ultra Short Term Bond ETF (ULST) has returned 1.24% so far this year and 3.99% over the past 12 months. Over the last ten years, ULST has returned 2.67% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Oct 10, 2013, ULST's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 80% of months were positive and 20% were negative. The best month was Apr 2020 with a return of +1.9%, while the worst month was Mar 2020 at -3.6%. The longest winning streak lasted 29 consecutive months, and the longest losing streak was 7 months.

On a daily basis, ULST closed higher 50% of trading days. The best single day was Mar 26, 2020 with a return of +1.3%, while the worst single day was Mar 20, 2020 at -2.0%.

State Street Ultra Short Term Bond ETF has an annualized alpha of 2.09%, beta of 0.01, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since October 11, 2013.

• This ETF captured 6.29% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.64%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.01 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

ULST has an expense ratio of 0.20%, which is considered low.

ULST ranks 99 for risk / return — in the top 99% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for State Street Ultra Short Term Bond ETF (ULST) and compare them to S&P 500 Index.

State Street Ultra Short Term Bond ETF provided a 4.29% dividend yield over the last twelve months, with an annual payout of $1.73 per share.

The table displays the monthly dividend distributions for State Street Ultra Short Term Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the State Street Ultra Short Term Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the State Street Ultra Short Term Bond ETF was 6.20%, occurring on Mar 25, 2020. Recovery took 67 trading sessions.

The current State Street Ultra Short Term Bond ETF drawdown is 0.05%.

The chart below shows the rolling one-month volatility.