US Treasury 3 Year Note ETF (UTRE) belongs to the Government Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with UTRE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UTRE
UTRE charges 0.15% annually. There are 51 ETFs in the Government Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street SPDR Portfolio Treasury ETF | 0.03% | 283.18M | May 2024 | UTRE vs SPTB | |
| Vanguard Total Treasury ETF | 0.03% | 122.30M | Jul 2025 | UTRE vs VTG | |
| SPDR Portfolio Long Term Treasury ETF | 0.03% | 10.53B | May 2007 | UTRE vs SPTL | |
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.03% | 1.91B | Sep 2022 | UTRE vs XHLF | |
| Schwab Long-Term U.S. Treasury ETF | 0.03% | 755.94M | Oct 2019 | UTRE vs SCHQ |
Best Risk-Adjusted Alternatives to UTRE
UTRE has a PortfoliosLab risk / return rank of 40. There are 28 ETFs in the Government Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 100 | 46.75B | May 2007 | UTRE vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 100 | 7.68B | Sep 2016 | UTRE vs GBIL | |
| iShares 0-1 Year Treasury Bond ETF | 100 | 20.86B | Jan 2007 | UTRE vs SHV | |
| WisdomTree Floating Rate Treasury Fund | 100 | 17.91B | Feb 2014 | UTRE vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 100 | 6.55B | Feb 2014 | UTRE vs TFLO |
Top Performing UTRE Alternatives (YTD)
UTRE is at -0.09% YTD. There are 33 ETFs in the Government Bonds category with higher YTD returns, going as high as 4.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quadratic Deflation ETF | 4.08% | 67.49M | Sep 2021 | UTRE vs BNDD | |
| Simplify Treasury Option Income ETF | 2.42% | 474.96M | Oct 2022 | UTRE vs BUCK | |
| iShares Global Government Bond USD Hedged Active E... | 2.36% | 2.91B | Jun 2025 | UTRE vs GGOV | |
| WisdomTree Floating Rate Treasury Fund | 2.07% | 17.91B | Feb 2014 | UTRE vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 2.04% | 6.55B | Feb 2014 | UTRE vs TFLO |
Lowest Volatility Alternatives to UTRE
UTRE has 2.05% 1-year volatility. There are 25 ETFs in the Government Bonds category with lower 1-year volatility, going as low as 0.20%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 46.75B | May 2007 | UTRE vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.21% | 20.86B | Jan 2007 | UTRE vs SHV | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 0.23% | 7.68B | Sep 2016 | UTRE vs GBIL | |
| WisdomTree Floating Rate Treasury Fund | 0.27% | 17.91B | Feb 2014 | UTRE vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 0.29% | 6.55B | Feb 2014 | UTRE vs TFLO |
Lowest Drawdown Alternatives to UTRE
UTRE has a 1-year max drawdown of -1.44%. There are 26 ETFs in the Government Bonds category with shallower 1-year drawdowns, going as shallow as -0.01%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01% | 46.75B | May 2007 | UTRE vs BIL | |
| iShares Treasury Floating Rate Bond ETF | -0.02% | 6.55B | Feb 2014 | UTRE vs TFLO | |
| WisdomTree Floating Rate Treasury Fund | -0.02% | 17.91B | Feb 2014 | UTRE vs USFR | |
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.02% | 7.68B | Sep 2016 | UTRE vs GBIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.03% | 20.86B | Jan 2007 | UTRE vs SHV |
Other ETFs from US Benchmark Series
The 7 most viewed US Benchmark Series ETFs shown here include XBIL, UTHY, UTEN and span 3 categories. AUM among these funds goes as high as $739M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| US Treasury 6 Month Bill ETF | Ultrashort Bond | 100 | 1.82% | 739.49M | Mar 2023 | UTRE vs XBIL | |
| US Treasury 30 Year Bond ETF | Government Bonds, Long-Term Bond | 13 | -1.42% | 163.42M | Mar 2023 | UTRE vs UTHY | |
| US Treasury 10 Year Note ETF | Government Bonds | 20 | -0.92% | 289.15M | Aug 2022 | UTRE vs UTEN | |
| US Treasury 2 Year Note ETF | Government Bonds | 79 | 0.36% | 481.92M | Aug 2022 | UTRE vs UTWO | |
| US Treasury 12 Month Bill ETF | Government Bonds, Ultrashort Bond | 99 | 1.41% | 301.16M | Nov 2022 | UTRE vs OBIL | |
| F/m US Treasury 5 Year Note ETF | Government Bonds | 20 | -0.86% | 29.34M | Mar 2023 | UTRE vs UFIV | |
| US Treasury 7 Year Note ETF | Government Bonds | 19 | -1.08% | 8.36M | Mar 2023 | UTRE vs USVN |
Often Compared With UTRE
Investors most often compare UTRE with GLD, JPIE, JAAA. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare UTRE with Any Fund or Stock
Compare UTRE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UTRE with funds that move differently
US Treasury 3 Year Note ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UTRE.
Explore UTRE Diversifiers