- ISIN
- US74933W5360
- Issuer
- US Benchmark Series
- Inception Date
- Aug 8, 2022
- Region
- North America (U.S.)
- Category
- Government Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE BofA Current 10 Year US Treasury Index - Benchmark TR Gross
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $287M
Highlights
- Avg. Volume (1M)
- 56K
- Avg. Volume Value (1M)
- $2.37M
Share Price Chart
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Performance
UTEN Performance Chart
US Treasury 10 Year Note ETF (UTEN) is down 1.8% since the beginning of the year. UTEN is currently trading at $42 per share.
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Returns By Period
US Treasury 10 Year Note ETF (UTEN) has returned -1.78% so far this year and 0.41% over the past 12 months.
US Treasury 10 Year Note ETF
- 1D
- -0.39%
- 1M
- -1.62%
- 6M
- -1.54%
- YTD
- -1.78%
- 1Y
- 0.41%
- 3Y*
- 2.25%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -0.24%
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%
UTEN Monthly Returns History
Based on dividend-adjusted daily data since Aug 9, 2022, UTEN's average daily return is 0.00%, while the average monthly return is +0.01%. At this rate, an investment would double in approximately 577.7 years.
Historically, 52% of months were positive and 48% were negative. The best month was Nov 2023 with a return of +4.9%, while the worst month was Sep 2022 at -5.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, UTEN closed higher 49% of trading days. The best single day was Nov 10, 2022 with a return of +2.3%, while the worst single day was Sep 26, 2022 at -1.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.24% | 2.68% | -2.43% | -0.42% | 0.05% | 0.46% | -1.82% | -1.78% | |||||
| 2025 | 0.56% | 3.11% | 0.14% | 0.84% | -1.36% | 1.63% | -0.72% | 1.52% | 0.98% | 0.79% | 1.02% | -0.88% | 7.82% |
| 2024 | -0.18% | -2.02% | 0.62% | -3.41% | 1.91% | 1.20% | 2.94% | 1.32% | 1.34% | -3.60% | 1.07% | -2.59% | -1.67% |
| 2023 | 3.43% | -3.12% | 3.88% | 0.68% | -1.47% | -1.24% | -0.83% | -0.79% | -3.49% | -2.22% | 4.85% | 3.93% | 3.18% |
| 2022 | -3.16% | -4.96% | -1.78% | 3.41% | -1.39% | -7.81% |
Benchmark Metrics
US Treasury 10 Year Note ETF has an annualized alpha of -0.93%, beta of 0.06, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since August 09, 2022.
- This ETF participated in 53.81% of S&P 500 Index downside but only 19.05% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.06 may look defensive, but with R2 of 0.02 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 0.02 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
- -0.93%
- Beta
- 0.06
- R²
- 0.02
- Upside Capture
- 19.05%
- Downside Capture
- 53.81%
Expense Ratio
UTEN has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
UTEN ranks 17 for risk / return — above 17% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for US Treasury 10 Year Note ETF (UTEN) 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.
| UTEN | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.25 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 2.00 | -1.65 |
| Martin ratioReturn relative to average drawdown | 0.84 | 8.49 | -7.65 |
Dividends
Dividend History
US Treasury 10 Year Note ETF provided a 4.13% dividend yield over the last twelve months, with an annual payout of $1.75 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $1.75 | $1.81 | $1.76 | $1.63 | $0.63 |
Dividend yield | 4.13% | 4.11% | 4.13% | 3.62% | 1.39% |
Monthly Dividends
The table displays the monthly dividend distributions for US Treasury 10 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 | $0.14 | $0.14 | $0.14 | $0.14 | $0.15 | $0.15 | $0.15 | $1.02 | |||||
| 2025 | $0.00 | $0.15 | $0.16 | $0.16 | $0.16 | $0.15 | $0.16 | $0.14 | $0.15 | $0.15 | $0.14 | $0.29 | $1.81 |
| 2024 | $0.00 | $0.16 | $0.15 | $0.14 | $0.14 | $0.15 | $0.15 | $0.16 | $0.15 | $0.14 | $0.14 | $0.29 | $1.76 |
| 2023 | $0.00 | $0.16 | $0.14 | $0.13 | $0.13 | $0.13 | $0.13 | $0.12 | $0.13 | $0.13 | $0.13 | $0.31 | $1.63 |
| 2022 | $0.18 | $0.15 | $0.30 | $0.63 |
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 10 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 10 Year Note ETF was 13.36%, occurring on Oct 19, 2023. Recovery took 470 trading sessions.
The current US Treasury 10 Year Note ETF drawdown is 4.11%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-13.36%Oct 2023 | 1y 2mo | 1y 10mo | 3y 28dAug 2022 - Sep 2025 | — |
-4.57%May 2026 | 2mo 18d | — | 5mo 3dMar 2026 - now | — |
-1.76%Jan 2026 | 1mo 23d | 23d | 2mo 16dNov 2025 - Feb 2026 | — |
-1.41%Nov 2025 | 13d | 20d | 1mo 3dOct 2025 - Nov 2025 | — |
-1.12%Sep 2025 | 14d | 14d | 28dSep 2025 - Oct 2025 | — |
Drawdown Indicators
| UTEN | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.36% | -56.78% | +43.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.57% | -9.10% | +4.53% |
Max Drawdown (3Y)Largest decline over 3 years | -7.72% | -18.90% | +11.18% |
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 | -4.11% | -1.58% | -2.53% |
Average DrawdownAverage peak-to-trough decline | -4.75% | -10.70% | +5.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.14% | -0.22% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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