- ISIN
- US74933W5287
- Issuer
- US Benchmark Series
- Inception Date
- Mar 27, 2023
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE BofA Current 7-Year US Treasury Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $8M
Share Price Chart
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Performance
USVN Performance Chart
US Treasury 7 Year Note ETF (USVN) is down 0.8% since the beginning of the year. USVN is currently trading at $47 per share.
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Returns By Period
US Treasury 7 Year Note ETF (USVN) has returned -0.75% so far this year and 2.78% over the past 12 months.
US Treasury 7 Year Note ETF
- 1D
- -0.30%
- 1M
- 0.29%
- YTD
- -0.75%
- 6M
- -0.71%
- 1Y
- 2.78%
- 3Y*
- 2.82%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
USVN Monthly Returns History
Based on dividend-adjusted daily data since Mar 28, 2023, USVN's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.
Historically, 53% of months were positive and 48% were negative. The best month was Nov 2023 with a return of +3.6%, while the worst month was Oct 2024 at -3.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, USVN closed higher 50% of trading days. The best single day was Nov 14, 2023 with a return of +1.4%, while the worst single day was Apr 10, 2024 at -1.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.11% | 2.14% | -2.08% | -0.23% | -0.07% | -0.35% | -0.75% | ||||||
| 2025 | 0.56% | 2.47% | 0.46% | 1.27% | -1.11% | 1.41% | -0.55% | 1.66% | 0.31% | 0.62% | 0.93% | -0.58% | 7.66% |
| 2024 | -0.04% | -1.71% | 0.63% | -2.61% | 1.63% | 1.23% | 2.60% | 1.24% | 1.24% | -3.10% | 0.92% | -1.79% | 0.03% |
| 2023 | 0.30% | 0.72% | -1.12% | -1.51% | -0.35% | -0.45% | -2.22% | -1.30% | 3.57% | 3.20% | 0.67% |
Benchmark Metrics
US Treasury 7 Year Note ETF has an annualized alpha of 2.13%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since March 28, 2023.
- This ETF participated in 28.69% of S&P 500 Index downside but only 13.65% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.02 may look defensive, but with R2 of 0.00 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 0.00 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
- 2.13%
- Beta
- 0.02
- R²
- 0.00
- Upside Capture
- 13.65%
- Downside Capture
- 28.69%
Expense Ratio
USVN has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
USVN ranks 18 for risk / return — in the bottom 18% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for US Treasury 7 Year Note ETF (USVN) 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.
| USVN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.76 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.37 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 2.78 | -2.02 |
| Martin ratioReturn relative to average drawdown | 2.05 | 12.44 | -10.39 |
Dividends
Dividend History
US Treasury 7 Year Note ETF provided a 3.75% dividend yield over the last twelve months, with an annual payout of $1.78 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.78 | $1.85 | $1.91 | $1.42 |
Dividend yield | 3.75% | 3.81% | 4.07% | 2.91% |
Monthly Dividends
The table displays the monthly dividend distributions for US Treasury 7 Year Note 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 | $0.15 | $0.16 | $0.15 | $0.14 | $0.15 | $0.00 | $0.74 | ||||||
| 2025 | $0.00 | $0.17 | $0.17 | $0.16 | $0.16 | $0.15 | $0.16 | $0.14 | $0.16 | $0.15 | $0.14 | $0.29 | $1.85 |
| 2024 | $0.00 | $0.15 | $0.15 | $0.16 | $0.16 | $0.18 | $0.18 | $0.17 | $0.16 | $0.15 | $0.14 | $0.31 | $1.91 |
| 2023 | $0.15 | $0.14 | $0.15 | $0.15 | $0.15 | $0.16 | $0.17 | $0.36 | $1.42 |
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 US Treasury 7 Year Note 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 US Treasury 7 Year Note ETF was 8.27%, occurring on Oct 19, 2023. Recovery took 195 trading sessions.
The current US Treasury 7 Year Note ETF drawdown is 2.72%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 pullback2023 | -8.27%Oct 2023 | 5mo 17d | 9mo 16d | 1y 2moMay 2023 - Jul 2024 |
2025 pullback2025 | -5.85%Jan 2025 | 3mo 28d | 2mo 21d | 6mo 19dSep 2024 - Apr 2025 |
2026 pullback2026 | -3.68%May 2026 | 2mo 18d | — | 3mo 23dMar 2026 - now |
2025 selloff2025 | -2.71%Apr 2025 | 4d | 2mo 20d | 2mo 24dApr 2025 - Jun 2025 |
2023 pullback2023 | -1.87%Apr 2023 | 9d | 14d | 23dApr 2023 - May 2023 |
Drawdown Indicators
| USVN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.27% | -56.78% | +48.51% |
Max Drawdown (1Y)Largest decline over 1 year | -3.68% | -9.10% | +5.42% |
Max Drawdown (3Y)Largest decline over 3 years | -5.85% | -18.90% | +13.05% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.72% | -1.80% | -0.92% |
Average DrawdownAverage peak-to-trough decline | -2.34% | -10.71% | +8.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.36% | 2.03% | -0.67% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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