ULST vs. CUSD
Compare and contrast key facts about State Street Ultra Short Term Bond ETF (ULST) and CrossingBridge Ultra-Short Duration ETF (CUSD).
ULST and CUSD 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. CUSD is an actively managed fund by CrossingBridge. It was launched on Sep 20, 2021.
Performance
ULST vs. CUSD - Performance Comparison
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ULST vs. CUSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ULST State Street Ultra Short Term Bond ETF | 0.67% | 4.80% | 5.23% | 5.60% | 0.87% | -0.19% |
CUSD CrossingBridge Ultra-Short Duration ETF | 1.37% | 5.02% | 4.57% | 6.05% | 2.03% | 2.40% |
Returns By Period
In the year-to-date period, ULST achieves a 0.67% return, which is significantly lower than CUSD's 1.37% return.
ULST
- 1D
- 0.03%
- 1M
- 0.02%
- YTD
- 0.67%
- 6M
- 1.60%
- 1Y
- 4.09%
- 3Y*
- 4.99%
- 5Y*
- 3.43%
- 10Y*
- 2.64%
CUSD
- 1D
- -1.51%
- 1M
- -0.08%
- YTD
- 1.37%
- 6M
- 1.50%
- 1Y
- 4.89%
- 3Y*
- 5.09%
- 5Y*
- —
- 10Y*
- —
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ULST vs. CUSD - Expense Ratio Comparison
ULST has a 0.20% expense ratio, which is lower than CUSD's 0.81% expense ratio.
Return for Risk
ULST vs. CUSD — Risk / Return Rank
ULST
CUSD
ULST vs. CUSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Ultra Short Term Bond ETF (ULST) and CrossingBridge Ultra-Short Duration ETF (CUSD). 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 | CUSD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.07 | 0.38 | +4.69 |
Sortino ratioReturn per unit of downside risk | 9.64 | 0.66 | +8.98 |
Omega ratioGain probability vs. loss probability | 2.43 | 1.11 | +1.32 |
Calmar ratioReturn relative to maximum drawdown | 11.12 | 0.91 | +10.21 |
Martin ratioReturn relative to average drawdown | 68.42 | 2.63 | +65.79 |
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 | CUSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.07 | 0.38 | +4.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 3.58 | — | — |
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 | 0.73 | +0.75 |
Correlation
The correlation between ULST and CUSD is 0.05, 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. CUSD - Dividend Comparison
ULST's dividend yield for the trailing twelve months is around 4.34%, less than CUSD's 13.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULST State Street Ultra Short Term Bond ETF | 4.34% | 4.46% | 5.03% | 4.45% | 1.70% | 0.54% | 1.34% | 2.56% | 2.13% | 1.21% | 0.93% | 0.37% |
CUSD CrossingBridge Ultra-Short Duration ETF | 13.86% | 14.05% | 7.10% | 3.62% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ULST vs. CUSD - Drawdown Comparison
The maximum ULST drawdown since its inception was -6.20%, which is greater than CUSD's maximum drawdown of -5.42%. Use the drawdown chart below to compare losses from any high point for ULST and CUSD.
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Drawdown Indicators
| ULST | CUSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.20% | -5.42% | -0.78% |
Max Drawdown (1Y)Largest decline over 1 year | -0.37% | -5.42% | +5.05% |
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 | 0.00% | -2.80% | +2.80% |
Average DrawdownAverage peak-to-trough decline | -0.16% | -0.40% | +0.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.06% | 1.88% | -1.82% |
Volatility
ULST vs. CUSD - Volatility Comparison
The current volatility for State Street Ultra Short Term Bond ETF (ULST) is 0.25%, while CrossingBridge Ultra-Short Duration ETF (CUSD) has a volatility of 4.22%. This indicates that ULST experiences smaller price fluctuations and is considered to be less risky than CUSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ULST | CUSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | 4.22% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 0.42% | 9.47% | -9.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.81% | 12.90% | -12.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.96% | 6.54% | -5.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.47% | 6.54% | -5.07% |