FSIG vs. USTB

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Limited Duration Investment Grade Corporate ETF (FSIG) and VictoryShares Short-Term Bond ETF (USTB).

FSIG and USTB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FSIG is an actively managed fund by First Trust. It was launched on Nov 17, 2021. USTB is a passively managed fund by Victory that tracks the performance of the Bloomberg 1–3 Year Credit Index. It was launched on Oct 24, 2017.

Performance

FSIG vs. USTB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Limited Duration Investment Grade Corporate ETF (FSIG) and VictoryShares Short-Term Bond ETF (USTB). The values are adjusted to include any dividend payments, if applicable.

FSIG vs. USTB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FSIG First Trust Limited Duration Investment Grade Corporate ETF	-0.17%	6.66%	4.22%	6.22%	-4.37%	0.02%
USTB VictoryShares Short-Term Bond ETF	0.29%	6.08%	6.49%	6.69%	-2.82%	0.04%

Returns By Period

In the year-to-date period, FSIG achieves a -0.17% return, which is significantly lower than USTB's 0.29% return.

FSIG

• 1D: 0.58%
• 1M: -0.87%
• YTD: -0.17%
• 6M: 1.06%
• 1Y: 4.87%
• 3Y*: 4.98%
• 5Y*: —
• 10Y*: —

USTB

• 1D: 0.08%
• 1M: -0.65%
• YTD: 0.29%
• 6M: 1.49%
• 1Y: 4.55%
• 3Y*: 5.99%
• 5Y*: 3.42%
• 10Y*: —

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

FSIG vs. USTB - Expense Ratio Comparison

FSIG has a 0.55% expense ratio, which is higher than USTB's 0.34% expense ratio.

FSIG

First Trust Limited Duration Investment Grade Corporate ETF

USTB

VictoryShares Short-Term Bond ETF

Return for Risk

FSIG vs. USTB — Risk / Return Rank

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

FSIG

FSIG Risk / Return Rank: 91
FSIG Sharpe Ratio Rank: 89
FSIG Sortino Ratio Rank: 91
FSIG Omega Ratio Rank: 92
FSIG Calmar Ratio Rank: 91
FSIG Martin Ratio Rank: 93

USTB

USTB Risk / Return Rank: 98
USTB Sharpe Ratio Rank: 98
USTB Sortino Ratio Rank: 98
USTB Omega Ratio Rank: 98
USTB Calmar Ratio Rank: 98
USTB Martin Ratio Rank: 98

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.

FSIG vs. USTB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Limited Duration Investment Grade Corporate ETF (FSIG) 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.

	FSIG	USTB	Difference
Sharpe ratio Return per unit of total volatility	1.91	3.08	-1.17
Sortino ratio Return per unit of downside risk	2.64	4.91	-2.26
Omega ratio Gain probability vs. loss probability	1.41	1.72	-0.31
Calmar ratio Return relative to maximum drawdown	3.17	5.42	-2.25
Martin ratio Return relative to average drawdown	13.70	24.04	-10.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSIG vs. USTB - Sharpe Ratio Comparison

The current FSIG Sharpe Ratio is 1.91, which is lower than the USTB Sharpe Ratio of 3.08. The chart below compares the historical Sharpe Ratios of FSIG and USTB, 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

	FSIG	USTB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.91	3.08	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.94	1.70	-0.76

Correlation

The correlation between FSIG and USTB is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FSIG vs. USTB - Dividend Comparison

FSIG's dividend yield for the trailing twelve months is around 4.80%, more than USTB's 4.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSIG First Trust Limited Duration Investment Grade Corporate ETF	4.80%	4.73%	4.61%	4.42%	2.48%	0.12%	0.00%	0.00%	0.00%	0.00%
USTB VictoryShares Short-Term Bond ETF	4.61%	4.62%	5.05%	4.49%	2.54%	1.84%	2.59%	2.69%	2.32%	0.43%

Drawdowns

FSIG vs. USTB - Drawdown Comparison

The maximum FSIG drawdown since its inception was -6.88%, which is greater than USTB's maximum drawdown of -5.32%. Use the drawdown chart below to compare losses from any high point for FSIG and USTB.

Drawdown Indicators

	FSIG	USTB	Difference
Max Drawdown Largest peak-to-trough decline	-6.88%	-5.32%	-1.56%
Max Drawdown (1Y) Largest decline over 1 year	-1.55%	-0.84%	-0.71%
Max Drawdown (5Y) Largest decline over 5 years	—	-4.96%	—
Current Drawdown Current decline from peak	-0.87%	-0.65%	-0.22%
Average Drawdown Average peak-to-trough decline	-1.72%	-0.67%	-1.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	0.19%	+0.17%

Volatility

FSIG vs. USTB - Volatility Comparison

First Trust Limited Duration Investment Grade Corporate ETF (FSIG) has a higher volatility of 1.21% compared to VictoryShares Short-Term Bond ETF (USTB) at 0.48%. This indicates that FSIG's price experiences larger fluctuations and is considered to be riskier than USTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSIG	USTB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	0.48%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	1.52%	0.83%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	2.56%	1.48%	+1.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.97%	2.01%	+0.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.97%	2.02%	+0.95%