DANA vs. USTB

Last updated Jun 4, 2026

DANA (Dana Limited Volatility ETF) and USTB (VictoryShares Short-Term Bond ETF) are both Short-Term Bond funds. DANA is actively managed, while USTB is passively managed. At a 0.30 correlation, their price movements are largely independent. DANA charges 0.35%/yr vs 0.34%/yr for USTB.

Performance

DANA vs. USTB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dana Limited Volatility ETF (DANA) and VictoryShares Short-Term Bond ETF (USTB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DANA achieves a 0.37% return, which is significantly lower than USTB's 1.19% return.

DANA

• 1D: -0.20%
• 1M: 0.21%
• YTD: 0.37%
• 6M: 1.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

USTB

• 1D: -0.04%
• 1M: 0.32%
• YTD: 1.19%
• 6M: 1.58%
• 1Y: 4.75%
• 3Y*: 6.13%
• 5Y*: 3.50%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DANA vs. USTB - Yearly Performance Comparison

	2026 (YTD)	2025
DANA Dana Limited Volatility ETF	0.37%	0.81%
USTB VictoryShares Short-Term Bond ETF	1.19%	0.38%

Correlation

The correlation between DANA and USTB is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.30

Return for Risk

DANA vs. USTB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USTB

USTB Risk / Return Rank: 95
USTB Sharpe Ratio Rank: 95
USTB Sortino Ratio Rank: 97
USTB Omega Ratio Rank: 97
USTB Calmar Ratio Rank: 90
USTB Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DANA vs. USTB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dana Limited Volatility ETF (DANA) and VictoryShares Short-Term Bond ETF (USTB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DANA	USTB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.93	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	1.73	-0.90

Drawdowns

DANA vs. USTB - Drawdown Comparison

The maximum DANA drawdown since its inception was -1.04%, smaller than the maximum USTB drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for DANA and USTB.

Drawdown Indicators

	DANA	USTB	Difference
Max Drawdown Largest peak-to-trough decline	-1.04%	-5.32%	+4.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.84%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.02%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-4.96%	—
Current Drawdown Current decline from peak	-0.53%	-0.04%	-0.49%
Average Drawdown Average peak-to-trough decline	-0.52%	-0.66%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.19%	—

Volatility

Volatility by Period

	DANA	USTB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.92%	1.22%	+1.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.92%	2.01%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.92%	2.01%	+0.91%

DANA vs. USTB - Expense Ratio Comparison

DANA has a 0.35% expense ratio, which is higher than USTB's 0.34% expense ratio.

Dividends

DANA vs. USTB - Dividend Comparison

DANA's dividend yield for the trailing twelve months is around 1.46%, less than USTB's 4.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DANA Dana Limited Volatility ETF	1.46%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USTB VictoryShares Short-Term Bond ETF	4.58%	4.62%	5.05%	4.49%	2.54%	1.84%	2.59%	2.69%	2.32%	0.43%

Frequently Asked Questions

Can I hold both DANA and USTB in my portfolio?

DANA and USTB have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DANA or USTB?

On fees, USTB is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DANA or USTB?

USTB is cheaper with a 0.34% expense ratio, compared with 0.35% for DANA.

Which ETF pays a higher dividend yield, DANA or USTB?

USTB has the higher dividend yield at 4.58%, compared with 1.46% for DANA.

What is the main difference between DANA and USTB?

They also come from different issuers: Dana and Victory. Their fees differ too: 0.35% for DANA and 0.34% for USTB.