US Treasury 2 Year Note ETF (UTWO) 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 UTWO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UTWO
UTWO 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 | |
|---|---|---|---|---|---|
| BondBloxx Bloomberg Six Month Target Duration US T... | 0.03% | 1.94B | Sep 2022 | UTWO vs XHLF | |
| Vanguard Long-Term Treasury ETF | 0.03% | 15.20B | Nov 2009 | UTWO vs VGLT | |
| Vanguard Short-Term Treasury ETF | 0.03% | 33.80B | Nov 2009 | UTWO vs VGSH | |
| Vanguard Intermediate-Term Treasury ETF | 0.03% | 50.40B | Nov 2009 | UTWO vs VGIT | |
| Schwab Long-Term U.S. Treasury ETF | 0.03% | 793.42M | Oct 2019 | UTWO vs SCHQ |
Best Risk-Adjusted Alternatives to UTWO
UTWO has a PortfoliosLab risk / return rank of 75. There are 21 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 | 47.03B | May 2007 | UTWO vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 100 | 7.59B | Sep 2016 | UTWO vs GBIL | |
| iShares 0-1 Year Treasury Bond ETF | 100 | 20.70B | Jan 2007 | UTWO vs SHV | |
| WisdomTree Floating Rate Treasury Fund | 100 | 18.13B | Feb 2014 | UTWO vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 100 | 6.70B | Feb 2014 | UTWO vs TFLO |
Top Performing UTWO Alternatives (YTD)
UTWO is at 0.78% YTD. There are 25 ETFs in the Government Bonds category with higher YTD returns, going as high as 3.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Global Government Bond USD Hedged Active E... | 3.08% | 2.97B | Jun 2025 | UTWO vs GGOV | |
| Quadratic Deflation ETF | 2.69% | 20.75M | Sep 2021 | UTWO vs BNDD | |
| Simplify Treasury Option Income ETF | 2.55% | 489.70M | Oct 2022 | UTWO vs BUCK | |
| WisdomTree Floating Rate Treasury Fund | 2.29% | 18.13B | Feb 2014 | UTWO vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 2.28% | 6.70B | Feb 2014 | UTWO vs TFLO |
Lowest Volatility Alternatives to UTWO
UTWO has 1.28% 1-year volatility. There are 19 ETFs in the Government Bonds category with lower 1-year volatility, going as low as 0.20%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | 0.20% | 20.70B | Jan 2007 | UTWO vs SHV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 47.03B | May 2007 | UTWO vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 0.21% | 7.59B | Sep 2016 | UTWO vs GBIL | |
| WisdomTree Floating Rate Treasury Fund | 0.27% | 18.13B | Feb 2014 | UTWO vs USFR | |
| Vanguard Ultra-Short Treasury ETF | 0.29% | 1.00B | Feb 2025 | UTWO vs VGUS |
Lowest Drawdown Alternatives to UTWO
UTWO has a 1-year max drawdown of -0.90%. There are 21 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% | 47.03B | May 2007 | UTWO vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.02% | 18.13B | Feb 2014 | UTWO vs USFR | |
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.02% | 7.59B | Sep 2016 | UTWO vs GBIL | |
| iShares Treasury Floating Rate Bond ETF | -0.02% | 6.70B | Feb 2014 | UTWO vs TFLO | |
| iShares 0-1 Year Treasury Bond ETF | -0.03% | 20.70B | Jan 2007 | UTWO 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 $741M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| US Treasury 6 Month Bill ETF | Ultrashort Bond | 100 | 2.06% | 740.97M | Mar 2023 | UTWO vs XBIL | |
| US Treasury 30 Year Bond ETF | Government Bonds, Long-Term Bond | 8 | -2.44% | 179.83M | Mar 2023 | UTWO vs UTHY | |
| US Treasury 10 Year Note ETF | Government Bonds | 13 | -1.01% | 286.72M | Aug 2022 | UTWO vs UTEN | |
| US Treasury 12 Month Bill ETF | Government Bonds, Ultrashort Bond | 99 | 1.76% | 306.37M | Nov 2022 | UTWO vs OBIL | |
| F/m US Treasury 5 Year Note ETF | Government Bonds | 16 | -0.45% | 30.58M | Mar 2023 | UTWO vs UFIV | |
| US Treasury 3 Year Note ETF | Government Bonds | 34 | 0.28% | 9.03M | Mar 2023 | UTWO vs UTRE | |
| US Treasury 7 Year Note ETF | Government Bonds | 14 | -0.70% | 8.36M | Mar 2023 | UTWO vs USVN |
Often Compared With UTWO
Investors most often compare UTWO with TUA, SHY, TLT. These 20 comparison targets span 18 categories, based on PortfoliosLab usage data.
Compare UTWO with Any Fund or Stock
Compare UTWO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UTWO with funds that move differently
US Treasury 2 Year Note ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UTWO.
Explore UTWO Diversifiers