USTB vs. ZTWO
Compare and contrast key facts about VictoryShares Short-Term Bond ETF (USTB) and F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO).
USTB and ZTWO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ZTWO is a passively managed fund by F/m that tracks the performance of the ICE 2-Year US Target Maturity Corporate Index - Benchmark TR Gross. It was launched on Jan 10, 2024. Both USTB and ZTWO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
USTB vs. ZTWO - Performance Comparison
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USTB vs. ZTWO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USTB VictoryShares Short-Term Bond ETF | 0.35% | 6.08% | 0.24% |
ZTWO F/M 2-Year Investment Grade Corporate Bond ETF | 0.29% | 5.49% | 0.36% |
Returns By Period
In the year-to-date period, USTB achieves a 0.35% return, which is significantly higher than ZTWO's 0.29% return.
USTB
- 1D
- 0.06%
- 1M
- -0.43%
- YTD
- 0.35%
- 6M
- 1.43%
- 1Y
- 4.62%
- 3Y*
- 6.01%
- 5Y*
- 3.43%
- 10Y*
- —
ZTWO
- 1D
- 0.03%
- 1M
- -0.39%
- YTD
- 0.29%
- 6M
- 1.28%
- 1Y
- 4.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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USTB vs. ZTWO - Expense Ratio Comparison
USTB has a 0.34% expense ratio, which is higher than ZTWO's 0.15% expense ratio.
Return for Risk
USTB vs. ZTWO — Risk / Return Rank
USTB
ZTWO
USTB vs. ZTWO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Short-Term Bond ETF (USTB) and F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO). 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.
| USTB | ZTWO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.12 | 2.74 | +0.39 |
Sortino ratioReturn per unit of downside risk | 4.97 | 4.28 | +0.69 |
Omega ratioGain probability vs. loss probability | 1.73 | 1.60 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 5.47 | 4.56 | +0.90 |
Martin ratioReturn relative to average drawdown | 23.81 | 20.63 | +3.18 |
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
| USTB | ZTWO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 2.74 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.72 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.70 | 3.24 | -1.54 |
Correlation
The correlation between USTB and ZTWO is 0.77, 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
USTB vs. ZTWO - Dividend Comparison
USTB's dividend yield for the trailing twelve months is around 4.61%, more than ZTWO's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZTWO F/M 2-Year Investment Grade Corporate Bond ETF | 4.19% | 4.31% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
USTB vs. ZTWO - Drawdown Comparison
The maximum USTB drawdown since its inception was -5.32%, which is greater than ZTWO's maximum drawdown of -0.93%. Use the drawdown chart below to compare losses from any high point for USTB and ZTWO.
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Drawdown Indicators
| USTB | ZTWO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.32% | -0.93% | -4.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.84% | -0.93% | +0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -4.96% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.49% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -0.10% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.19% | 0.21% | -0.02% |
Volatility
USTB vs. ZTWO - Volatility Comparison
The current volatility for VictoryShares Short-Term Bond ETF (USTB) is 0.49%, while F/M 2-Year Investment Grade Corporate Bond ETF (ZTWO) has a volatility of 0.61%. This indicates that USTB experiences smaller price fluctuations and is considered to be less risky than ZTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USTB | ZTWO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 0.61% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.83% | 0.89% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.49% | 1.53% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.01% | 1.50% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.02% | 1.50% | +0.52% |