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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in US Treasury 3 Year Note ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
US Treasury 3 Year Note ETF (UTRE) has returned 0.13% so far this year and 3.73% over the past 12 months.
US Treasury 3 Year Note ETF
- 1D
- 0.12%
- 1M
- -0.85%
- YTD
- 0.13%
- 6M
- 1.22%
- 1Y
- 3.73%
- 3Y*
- 3.57%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Mar 28, 2023, UTRE's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, your investment would double in approximately 19.9 years.
Historically, 73% of months were positive and 27% were negative. The best month was Jul 2024 with a return of +1.5%, while the worst month was Oct 2024 at -1.2%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 2 months.
On a daily basis, UTRE closed higher 52% of trading days. The best single day was Aug 2, 2024 with a return of +0.8%, while the worst single day was Apr 10, 2024 at -0.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.15% | 0.84% | -0.85% | 0.13% | |||||||||
| 2025 | 0.39% | 1.09% | 0.53% | 1.21% | -0.50% | 0.74% | -0.23% | 1.17% | 0.07% | 0.38% | 0.55% | 0.15% | 5.68% |
| 2024 | 0.24% | -0.79% | 0.30% | -0.92% | 0.93% | 0.67% | 1.54% | 1.05% | 0.85% | -1.23% | 0.35% | -0.04% | 2.96% |
| 2023 | 0.18% | 0.44% | -0.60% | -1.04% | 0.24% | 0.29% | -0.48% | 0.12% | 1.51% | 1.50% | 2.16% |
Benchmark Metrics
US Treasury 3 Year Note ETF has an annualized alpha of 3.97%, beta of -0.02, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since March 29, 2023.
- This ETF captured 10.42% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.54%) — a profile typical of hedging or uncorrelated assets.
- Beta of -0.02 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.
- Alpha
- 3.97%
- Beta
- -0.02
- R²
- 0.01
- Upside Capture
- 10.42%
- Downside Capture
- -2.54%
Expense Ratio
UTRE has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
UTRE ranks 83 for risk / return — in the top 83% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for US Treasury 3 Year Note ETF (UTRE) and compare them to a chosen benchmark (S&P 500 Index).
| UTRE | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.64 | 0.90 | +0.75 |
Sortino ratioReturn per unit of downside risk | 2.52 | 1.39 | +1.13 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.21 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.63 | 1.40 | +1.23 |
Martin ratioReturn relative to average drawdown | 9.11 | 6.61 | +2.51 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore UTRE risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
US Treasury 3 Year Note ETF provided a 3.81% dividend yield over the last twelve months, with an annual payout of $1.89 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.89 | $1.80 | $1.96 | $1.55 |
Dividend yield | 3.81% | 3.60% | 4.01% | 3.14% |
Monthly Dividends
The table displays the monthly dividend distributions for US Treasury 3 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 | $0.14 | $0.14 | $0.42 | |||||||||
| 2025 | $0.00 | $0.16 | $0.17 | $0.16 | $0.15 | $0.15 | $0.16 | $0.15 | $0.15 | $0.13 | $0.14 | $0.28 | $1.80 |
| 2024 | $0.00 | $0.17 | $0.16 | $0.16 | $0.17 | $0.18 | $0.18 | $0.18 | $0.16 | $0.14 | $0.14 | $0.32 | $1.96 |
| 2023 | $0.19 | $0.15 | $0.15 | $0.17 | $0.17 | $0.18 | $0.18 | $0.36 | $1.55 |
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 3 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 3 Year Note ETF was 2.80%, occurring on Jul 6, 2023. Recovery took 112 trading sessions.
The current US Treasury 3 Year Note ETF drawdown is 0.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -2.8% | May 5, 2023 | 42 | Jul 6, 2023 | 112 | Dec 13, 2023 | 154 |
| -1.86% | Sep 25, 2024 | 35 | Nov 12, 2024 | 70 | Feb 26, 2025 | 105 |
| -1.63% | Feb 2, 2024 | 51 | Apr 16, 2024 | 41 | Jun 13, 2024 | 92 |
| -1.44% | Mar 2, 2026 | 19 | Mar 26, 2026 | — | — | — |
| -1.21% | May 1, 2025 | 10 | May 14, 2025 | 28 | Jun 25, 2025 | 38 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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