- ISIN
- US74933W5444
- Issuer
- F/m Investments
- Inception Date
- Mar 27, 2023
- Region
- North America (U.S.)
- Category
- Government Bonds, Long-Term Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg US Treasury Bellwether 20 Year Index
- Domicile
- U.S.
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $9M
Share Price Chart
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Performance
UTWY Performance Chart
F/m US Treasury 20 Year Bond ETF (UTWY) is up 0.3% since the beginning of the year. UTWY is currently trading at $43 per share.
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Returns By Period
F/m US Treasury 20 Year Bond ETF (UTWY) has returned 0.27% so far this year and 5.03% over the past 12 months.
F/m US Treasury 20 Year Bond ETF
- 1D
- 0.49%
- 1M
- 2.92%
- YTD
- 0.27%
- 6M
- 0.10%
- 1Y
- 5.03%
- 3Y*
- -0.25%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
UTWY Monthly Returns History
Based on dividend-adjusted daily data since Mar 28, 2023, UTWY's average daily return is 0.00%, while the average monthly return is 0.00%.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2023 with a return of +7.5%, while the worst month was Sep 2023 at -6.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 6 months.
On a daily basis, UTWY closed higher 51% of trading days. The best single day was Aug 2, 2024 with a return of +2.3%, while the worst single day was Apr 7, 2025 at -2.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.04% | 3.71% | -3.75% | -0.86% | 0.43% | 0.86% | 0.27% | ||||||
| 2025 | 0.35% | 4.62% | -0.92% | -0.59% | -2.81% | 2.19% | -0.87% | 0.63% | 2.49% | 1.19% | 0.47% | -1.80% | 4.82% |
| 2024 | -0.82% | -2.58% | 1.03% | -5.20% | 2.50% | 1.40% | 3.19% | 1.63% | 2.45% | -5.30% | 1.73% | -4.50% | -4.92% |
| 2023 | 1.32% | 0.44% | -2.61% | -0.45% | -1.67% | -2.27% | -6.06% | -4.03% | 7.52% | 6.78% | -1.86% |
Benchmark Metrics
F/m US Treasury 20 Year Bond ETF has an annualized alpha of -1.84%, beta of 0.09, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since March 28, 2023.
- This ETF participated in 84.05% of S&P 500 Index downside but only 21.51% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.09 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
- -1.84%
- Beta
- 0.09
- R²
- 0.01
- Upside Capture
- 21.51%
- Downside Capture
- 84.05%
Expense Ratio
UTWY has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
UTWY ranks 18 for risk / return — in the bottom 18% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for F/m US Treasury 20 Year Bond ETF (UTWY) 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.
| UTWY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.35 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.36 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.75 | 2.71 | -1.95 |
| Martin ratioReturn relative to average drawdown | 1.95 | 12.15 | -10.20 |
Dividends
Dividend History
F/m US Treasury 20 Year Bond ETF provided a 4.65% dividend yield over the last twelve months, with an annual payout of $1.99 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $1.99 | $2.01 | $1.98 | $1.40 |
Dividend yield | 4.65% | 4.62% | 4.56% | 2.94% |
Monthly Dividends
The table displays the monthly dividend distributions for F/m US Treasury 20 Year Bond 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 | $0.17 | $0.17 | $0.16 | $0.16 | $0.16 | $0.00 | $0.82 | ||||||
| 2025 | $0.00 | $0.16 | $0.17 | $0.17 | $0.17 | $0.16 | $0.17 | $0.17 | $0.17 | $0.16 | $0.17 | $0.34 | $2.01 |
| 2024 | $0.00 | $0.18 | $0.18 | $0.17 | $0.16 | $0.16 | $0.17 | $0.17 | $0.18 | $0.16 | $0.15 | $0.31 | $1.98 |
| 2023 | $0.16 | $0.15 | $0.15 | $0.15 | $0.15 | $0.16 | $0.15 | $0.34 | $1.40 |
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 F/m US Treasury 20 Year Bond 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 F/m US Treasury 20 Year Bond ETF was 18.19%, occurring on Oct 19, 2023. Recovery took 227 trading sessions.
The current F/m US Treasury 20 Year Bond ETF drawdown is 5.17%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 correction2023 | -18.19%Oct 2023 | 6mo 12d | 11mo 3d | 1y 5moApr 2023 - Sep 2024 |
2025 correction2025 | -11.88%Jan 2025 | 3mo 29d | — | 1y 9moSep 2024 - now |
2023 pullback2023 | -0.22%Mar 2023 | 1d | 1d | 2dMar 2023 - Mar 2023 |
Drawdown Indicators
| UTWY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.19% | -56.78% | +38.59% |
Max Drawdown (1Y)Largest decline over 1 year | -6.70% | -9.10% | +2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -18.90% | +3.92% |
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 | -5.17% | -1.29% | -3.88% |
Average DrawdownAverage peak-to-trough decline | -7.00% | -10.72% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 2.02% | +0.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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