- ISIN
- US92647N5352
- CUSIP
- 92647N535
- Issuer
- Victory
- Inception Date
- Oct 24, 2017
- Region
- Developed Markets (Broad)
- Category
- Short-Term Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg 1–3 Year Credit Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $2B
Highlights
- Avg. Volume (1M)
- 322K
- Avg. Volume Value (1M)
- $16.27M
Share Price Chart
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Performance
USTB Performance Chart
VictoryShares Short-Term Bond ETF (USTB) is up 1.6% since the beginning of the year. USTB is currently trading at $50 per share. Investors who bought $1,000 worth of USTB shares 5 years ago would now be looking at an investment worth $1,188.
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Compare this symbol against anything
Returns By Period
VictoryShares Short-Term Bond ETF (USTB) has returned 1.60% so far this year and 3.80% over the past 12 months.
VictoryShares Short-Term Bond ETF
- 1D
- -0.02%
- 1M
- 0.11%
- 6M
- 1.22%
- YTD
- 1.60%
- 1Y
- 3.80%
- 3Y*
- 5.93%
- 5Y*
- 3.51%
- 10Y*
- —
- ALL TIME*
- 3.45%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
USTB Monthly Returns History
Based on dividend-adjusted daily data since Oct 26, 2017, USTB's average daily return is +0.01%, while the average monthly return is +0.28%. At this rate, an investment would double in approximately 20.7 years.
Historically, 75% of months were positive and 25% were negative. The best month was Apr 2020 with a return of +2.4%, while the worst month was Mar 2020 at -3.7%. The longest winning streak lasted 17 consecutive months, and the longest losing streak was 4 months.
On a daily basis, USTB closed higher 53% of trading days. The best single day was Apr 9, 2020 with a return of +0.8%, while the worst single day was Mar 18, 2020 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.38% | 0.56% | -0.65% | 0.54% | 0.38% | 0.28% | 0.11% | 1.60% | |||||
| 2025 | 0.59% | 0.81% | 0.34% | 0.34% | 0.69% | 0.48% | 0.15% | 0.90% | 0.43% | 0.30% | 0.49% | 0.41% | 6.08% |
| 2024 | 0.78% | -0.06% | 0.78% | -0.19% | 0.99% | 0.48% | 1.42% | 0.83% | 1.05% | -0.44% | 0.44% | 0.26% | 6.49% |
| 2023 | 1.15% | -0.22% | 0.60% | 0.72% | -0.15% | 0.12% | 0.82% | 0.50% | -0.04% | -0.25% | 1.73% | 1.54% | 6.69% |
| 2022 | -0.73% | -0.67% | -1.19% | -0.78% | 0.55% | -1.08% | 1.05% | -0.70% | -0.83% | -0.03% | 1.17% | 0.42% | -2.82% |
| 2021 | 0.10% | -0.11% | 0.15% | 0.31% | 0.21% | 0.18% | 0.19% | 0.12% | -0.16% | -0.19% | -0.03% | 0.13% | 0.90% |
Benchmark Metrics
VictoryShares Short-Term Bond ETF has an annualized alpha of 3.08%, beta of 0.03, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since October 26, 2017.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (10.26%) than losses (2.18%) - typical of diversified or defensive assets.
- Beta of 0.03 may look defensive, but with R2 of 0.07 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 0.07 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.
- Alpha
- 3.08%
- Beta
- 0.03
- R²
- 0.07
- Upside Capture
- 10.26%
- Downside Capture
- 2.18%
Expense Ratio
USTB has an expense ratio of 0.34%, placing it in the medium range.
Return for Risk
Risk / Return Rank
USTB ranks 96 for risk / return — above 96% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for VictoryShares Short-Term Bond ETF (USTB) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USTB | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.04 | ||
| Sortino ratioReturn per unit of downside risk | +3.68 | ||
| Omega ratioGain probability vs. loss probability | 1.75 | 1.25 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 4.98 | 2.00 | +2.98 |
| Martin ratioReturn relative to average drawdown | 22.48 | 8.49 | +13.99 |
Dividends
Dividend History
VictoryShares Short-Term Bond ETF provided a 4.55% dividend yield over the last twelve months, with an annual payout of $2.30 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.30 | $2.35 | $2.54 | $2.22 | $1.24 | $0.94 | $1.34 | $1.36 | $1.15 | $0.21 |
Dividend yield | 4.55% | 4.62% | 5.05% | 4.49% | 2.54% | 1.84% | 2.59% | 2.69% | 2.32% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for VictoryShares Short-Term Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.18 | $0.19 | $0.20 | $0.18 | $0.18 | $0.20 | $1.18 | |||||
| 2025 | $0.04 | $0.19 | $0.19 | $0.21 | $0.19 | $0.19 | $0.22 | $0.17 | $0.19 | $0.21 | $0.18 | $0.36 | $2.35 |
| 2024 | $0.09 | $0.20 | $0.21 | $0.22 | $0.20 | $0.24 | $0.20 | $0.21 | $0.24 | $0.17 | $0.21 | $0.36 | $2.54 |
| 2023 | $0.02 | $0.15 | $0.16 | $0.15 | $0.19 | $0.17 | $0.17 | $0.24 | $0.17 | $0.24 | $0.22 | $0.35 | $2.22 |
| 2022 | $0.01 | $0.06 | $0.08 | $0.07 | $0.09 | $0.08 | $0.08 | $0.10 | $0.12 | $0.14 | $0.12 | $0.28 | $1.24 |
| 2021 | $0.00 | $0.06 | $0.08 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.28 | $0.94 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VictoryShares 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 VictoryShares Short-Term Bond ETF was 5.32%, occurring on Mar 24, 2020. Recovery took 51 trading sessions.
The current VictoryShares Short-Term Bond ETF drawdown is 0.02%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-5.32%Mar 2020 | 19d | 2mo 13d | 3mo 2dMar 2020 - Jun 2020 | COVID crash2020 |
-4.96%Oct 2022 | 1y 1mo | 8mo 26d | 1y 10moSep 2021 - Jul 2023 | Bear market2022 |
-1.02%Oct 2023 | 1mo 18d | 16d | 2mo 4dAug 2023 - Nov 2023 | — |
-0.84%Mar 2026 | 24d | 1mo 6d | 2moMar 2026 - May 2026 | — |
-0.81%Apr 2018 | 3mo 24d | 3mo 12d | 7mo 6dJan 2018 - Aug 2018 | — |
Drawdown Indicators
| USTB | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.32% | -56.78% | +51.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | -9.10% | +8.26% |
Max Drawdown (3Y)Largest decline over 3 years | -1.02% | -18.90% | +17.88% |
Max Drawdown (5Y)Largest decline over 5 years | -4.96% | -25.43% | +20.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.02% | -1.58% | +1.56% |
Average DrawdownAverage peak-to-trough decline | -0.64% | -10.70% | +10.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 2.14% | -1.95% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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