DUSB vs. TBIL

Last updated Apr 1, 2026

Compare and contrast key facts about Dimensional Ultrashort Fixed Income ETF (DUSB) and US Treasury 3 Month Bill ETF (TBIL).

DUSB and TBIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DUSB is an actively managed fund by Dimensional. It was launched on Sep 26, 2023. TBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US Treasury Bill 3 Month Index. It was launched on Aug 8, 2022.

Performance

DUSB vs. TBIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Ultrashort Fixed Income ETF (DUSB) and US Treasury 3 Month Bill ETF (TBIL). The values are adjusted to include any dividend payments, if applicable.

DUSB vs. TBIL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DUSB Dimensional Ultrashort Fixed Income ETF	0.88%	4.53%	5.60%	1.79%
TBIL US Treasury 3 Month Bill ETF	0.87%	4.19%	5.15%	1.38%

Returns By Period

The year-to-date returns for both stocks are quite close, with DUSB having a 0.88% return and TBIL slightly lower at 0.87%.

DUSB

• 1D: 0.08%
• 1M: 0.28%
• YTD: 0.88%
• 6M: 1.92%
• 1Y: 4.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TBIL

• 1D: 0.00%
• 1M: 0.32%
• YTD: 0.87%
• 6M: 1.89%
• 1Y: 4.05%
• 3Y*: 4.71%
• 5Y*: —
• 10Y*: —

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

DUSB vs. TBIL - Expense Ratio Comparison

Both DUSB and TBIL have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

DUSB

Dimensional Ultrashort Fixed Income ETF

TBIL

US Treasury 3 Month Bill ETF

Return for Risk

DUSB vs. TBIL — Risk / Return Rank

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

DUSB

DUSB Risk / Return Rank: 99
DUSB Sharpe Ratio Rank: 99
DUSB Sortino Ratio Rank: 99
DUSB Omega Ratio Rank: 99
DUSB Calmar Ratio Rank: 99
DUSB Martin Ratio Rank: 99

TBIL

TBIL Risk / Return Rank: 100
TBIL Sharpe Ratio Rank: 100
TBIL Sortino Ratio Rank: 100
TBIL Omega Ratio Rank: 100
TBIL Calmar Ratio Rank: 100
TBIL Martin Ratio Rank: 100

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.

DUSB vs. TBIL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional Ultrashort Fixed Income ETF (DUSB) and US Treasury 3 Month Bill ETF (TBIL). 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.

	DUSB	TBIL	Difference
Sharpe ratio Return per unit of total volatility	8.00	14.34	-6.34
Sortino ratio Return per unit of downside risk	14.78	63.08	-48.30
Omega ratio Gain probability vs. loss probability	3.84	19.16	-15.32
Calmar ratio Return relative to maximum drawdown	15.07	204.06	-188.99
Martin ratio Return relative to average drawdown	127.12	1,017.13	-890.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DUSB vs. TBIL - Sharpe Ratio Comparison

The current DUSB Sharpe Ratio is 8.00, which is lower than the TBIL Sharpe Ratio of 14.34. The chart below compares the historical Sharpe Ratios of DUSB and TBIL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DUSB	TBIL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	8.00	14.34	-6.34
Sharpe Ratio (All Time) Calculated using the full available price history	9.79	14.17	-4.37

Correlation

The correlation between DUSB and TBIL is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DUSB vs. TBIL - Dividend Comparison

DUSB's dividend yield for the trailing twelve months is around 4.23%, less than TBIL's 4.28% yield.

	TTM	2025	2024	2023	2022
DUSB Dimensional Ultrashort Fixed Income ETF	4.23%	4.32%	4.92%	1.23%	0.00%
TBIL US Treasury 3 Month Bill ETF	4.28%	4.07%	5.02%	5.00%	1.10%

Drawdowns

DUSB vs. TBIL - Drawdown Comparison

The maximum DUSB drawdown since its inception was -0.29%, which is greater than TBIL's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for DUSB and TBIL.

Drawdown Indicators

	DUSB	TBIL	Difference
Max Drawdown Largest peak-to-trough decline	-0.29%	-0.10%	-0.19%
Max Drawdown (1Y) Largest decline over 1 year	-0.29%	-0.02%	-0.27%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.01%	0.00%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.03%	0.00%	+0.03%

Volatility

DUSB vs. TBIL - Volatility Comparison

Dimensional Ultrashort Fixed Income ETF (DUSB) has a higher volatility of 0.14% compared to US Treasury 3 Month Bill ETF (TBIL) at 0.09%. This indicates that DUSB's price experiences larger fluctuations and is considered to be riskier than TBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DUSB	TBIL	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.14%	0.09%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	0.33%	0.19%	+0.14%
Volatility (1Y) Calculated over the trailing 1-year period	0.54%	0.28%	+0.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.53%	0.32%	+0.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.53%	0.32%	+0.21%