ULST vs. BILZ
Compare and contrast key facts about State Street Ultra Short Term Bond ETF (ULST) and PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ).
ULST and BILZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULST is a passively managed fund by State Street that tracks the performance of the Bloomberg US Treasury Bellwether 3 Month Index. It was launched on Oct 9, 2013. BILZ is an actively managed fund by PIMCO. It was launched on Jun 21, 2023.
Performance
ULST vs. BILZ - Performance Comparison
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ULST vs. BILZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ULST State Street Ultra Short Term Bond ETF | 0.64% | 4.80% | 5.23% | 3.25% |
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund | 0.83% | 4.21% | 5.25% | 2.33% |
Returns By Period
In the year-to-date period, ULST achieves a 0.64% return, which is significantly lower than BILZ's 0.83% return.
ULST
- 1D
- 0.10%
- 1M
- -0.01%
- YTD
- 0.64%
- 6M
- 1.68%
- 1Y
- 4.08%
- 3Y*
- 4.98%
- 5Y*
- 3.42%
- 10Y*
- 2.64%
BILZ
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 0.83%
- 6M
- 1.85%
- 1Y
- 4.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ULST vs. BILZ - Expense Ratio Comparison
ULST has a 0.20% expense ratio, which is higher than BILZ's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
ULST vs. BILZ — Risk / Return Rank
ULST
BILZ
ULST vs. BILZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Ultra Short Term Bond ETF (ULST) and PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ). 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.
| ULST | BILZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.05 | 19.30 | -14.25 |
Sortino ratioReturn per unit of downside risk | 9.61 | 117.88 | -108.26 |
Omega ratioGain probability vs. loss probability | 2.43 | 44.85 | -42.42 |
Calmar ratioReturn relative to maximum drawdown | 11.10 | 203.30 | -192.20 |
Martin ratioReturn relative to average drawdown | 68.31 | 1,804.32 | -1,736.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ULST | BILZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.05 | 19.30 | -14.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.57 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.81 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.48 | 10.37 | -8.90 |
Correlation
The correlation between ULST and BILZ is 0.15, 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
ULST vs. BILZ - Dividend Comparison
ULST's dividend yield for the trailing twelve months is around 4.38%, more than BILZ's 4.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULST State Street Ultra Short Term Bond ETF | 4.38% | 4.46% | 5.03% | 4.45% | 1.70% | 0.54% | 1.34% | 2.56% | 2.13% | 1.21% | 0.93% | 0.37% |
BILZ PIMCO Ultra Short Government Active Exchange-Traded Fund | 4.18% | 4.19% | 4.95% | 2.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ULST vs. BILZ - Drawdown Comparison
The maximum ULST drawdown since its inception was -6.20%, which is greater than BILZ's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for ULST and BILZ.
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Drawdown Indicators
| ULST | BILZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.20% | -0.52% | -5.68% |
Max Drawdown (1Y)Largest decline over 1 year | -0.37% | -0.02% | -0.35% |
Max Drawdown (5Y)Largest decline over 5 years | -1.22% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -6.20% | — | — |
Current DrawdownCurrent decline from peak | -0.01% | 0.00% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -0.01% | -0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 0.00% | +0.06% |
Volatility
ULST vs. BILZ - Volatility Comparison
State Street Ultra Short Term Bond ETF (ULST) has a higher volatility of 0.25% compared to PIMCO Ultra Short Government Active Exchange-Traded Fund (BILZ) at 0.05%. This indicates that ULST's price experiences larger fluctuations and is considered to be riskier than BILZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ULST | BILZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | 0.05% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 0.42% | 0.14% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.81% | 0.21% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.96% | 0.44% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.47% | 0.44% | +1.03% |