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 48 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% | 281.41M | May 2024 | UTWO vs SPTB | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.03% | 758.60M | Sep 2022 | UTWO vs XONE | |
| Vanguard Short-Term Treasury ETF | 0.03% | 33.90B | Nov 2009 | UTWO vs VGSH | |
| Vanguard Intermediate-Term Treasury ETF | 0.03% | 49.50B | Nov 2009 | UTWO vs VGIT | |
| Schwab Short-Term U.S. Treasury ETF | 0.03% | 12.71B | Aug 2010 | UTWO vs SCHO |
Best Risk-Adjusted Alternatives to UTWO
UTWO has a PortfoliosLab risk / return rank of 69. There are 22 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 | 46.54B | May 2007 | UTWO vs BIL | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 100 | 7.67B | Sep 2016 | UTWO vs GBIL | |
| iShares 0-1 Year Treasury Bond ETF | 100 | 20.81B | Jan 2007 | UTWO vs SHV | |
| WisdomTree Floating Rate Treasury Fund | 100 | 17.46B | Feb 2014 | UTWO vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 100 | 6.61B | Feb 2014 | UTWO vs TFLO |
Top Performing UTWO Alternatives (YTD)
UTWO is at 0.33% YTD. There are 43 ETFs in the Government Bonds category with higher YTD returns, going as high as 6.53%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Quadratic Deflation ETF | 6.53% | 24.48M | Sep 2021 | UTWO vs BNDD | |
| iShares 25+ Year Treasury STRIPS Bond ETF | 3.57% | 278.12M | Sep 2020 | UTWO vs GOVZ | |
| PIMCO 25+ Year Zero Coupon US Treasury Index Fund | 3.38% | 1.40B | Oct 2009 | UTWO vs ZROZ | |
| Vanguard Extended Duration Treasury ETF | 3.21% | 4.30B | Dec 2007 | UTWO vs EDV | |
| iShares Global Government Bond USD Hedged Active E... | 2.75% | 2.80B | Jun 2025 | UTWO vs GGOV |
Lowest Volatility Alternatives to UTWO
UTWO has 1.37% 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 | |
|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.20% | 46.54B | May 2007 | UTWO vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | 0.21% | 20.81B | Jan 2007 | UTWO vs SHV | |
| Goldman Sachs Access Treasury 0-1 Year ETF | 0.23% | 7.67B | Sep 2016 | UTWO vs GBIL | |
| WisdomTree Floating Rate Treasury Fund | 0.27% | 17.46B | Feb 2014 | UTWO vs USFR | |
| iShares Treasury Floating Rate Bond ETF | 0.29% | 6.61B | Feb 2014 | UTWO vs TFLO |
Lowest Drawdown Alternatives to UTWO
UTWO has a 1-year max drawdown of -0.90%. There are 20 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% | 46.54B | May 2007 | UTWO vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.02% | 17.46B | Feb 2014 | UTWO vs USFR | |
| iShares Treasury Floating Rate Bond ETF | -0.02% | 6.61B | Feb 2014 | UTWO vs TFLO | |
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.02% | 7.67B | Sep 2016 | UTWO vs GBIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.03% | 20.81B | 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 $745M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| US Treasury 6 Month Bill ETF | Ultrashort Bond | 100 | 1.57% | 744.55M | Mar 2023 | UTWO vs XBIL | |
| US Treasury 30 Year Bond ETF | Government Bonds, Long-Term Bond | 14 | 0.69% | 99.95M | Mar 2023 | UTWO vs UTHY | |
| US Treasury 10 Year Note ETF | Government Bonds | 18 | -0.46% | 287.77M | Aug 2022 | UTWO vs UTEN | |
| US Treasury 12 Month Bill ETF | Government Bonds, Ultrashort Bond | 99 | 1.26% | 321.49M | Nov 2022 | UTWO vs OBIL | |
| US Treasury 3 Year Note ETF | Government Bonds | 35 | -0.11% | 9.82M | Mar 2023 | UTWO vs UTRE | |
| F/m US Treasury 5 Year Note ETF | Government Bonds | 19 | -0.63% | 29.46M | Mar 2023 | UTWO vs UFIV | |
| US Treasury 7 Year Note ETF | Government Bonds | 18 | -0.65% | 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 19 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