USVN vs. VETZ

Last updated Jun 23, 2026

USVN (US Treasury 7 Year Note ETF) and VETZ (Academy Veteran Bond ETF) are both exchange-traded funds - USVN is a Government Bonds fund tracking the ICE BofA Current 7-Year US Treasury Index - Benchmark TR Gross, while VETZ is a Mortgage Backed Securities fund actively managed by Academy. USVN is passively managed, while VETZ is actively managed. Over the past year, USVN returned 2.78% vs 6.26% for VETZ. A 0.78 correlation means they provide meaningful diversification when combined. USVN charges 0.15%/yr vs 0.35%/yr for VETZ.

Performance

USVN vs. VETZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Treasury 7 Year Note ETF (USVN) and Academy Veteran Bond ETF (VETZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USVN achieves a -0.75% return, which is significantly lower than VETZ's 1.00% return.

USVN

• 1D: -0.30%
• 1M: 0.29%
• YTD: -0.75%
• 6M: -0.71%
• 1Y: 2.78%
• 3Y*: 2.82%
• 5Y*: —
• 10Y*: —

VETZ

• 1D: -0.48%
• 1M: 1.00%
• YTD: 1.00%
• 6M: 0.49%
• 1Y: 6.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

USVN vs. VETZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
USVN US Treasury 7 Year Note ETF	-0.75%	7.66%	0.03%	3.11%
VETZ Academy Veteran Bond ETF	1.00%	8.02%	2.22%	3.84%

Correlation

The correlation between USVN and VETZ is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (All Time) Calculated using the full available price history since Aug 2, 2023	0.78

The correlation between USVN and VETZ has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.

Return for Risk

USVN vs. VETZ — Risk / Return Rank

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

USVN

USVN Risk / Return Rank: 18
USVN Sharpe Ratio Rank: 20
USVN Sortino Ratio Rank: 18
USVN Omega Ratio Rank: 17
USVN Calmar Ratio Rank: 18
USVN Martin Ratio Rank: 18

VETZ

VETZ Risk / Return Rank: 42
VETZ Sharpe Ratio Rank: 39
VETZ Sortino Ratio Rank: 40
VETZ Omega Ratio Rank: 36
VETZ Calmar Ratio Rank: 47
VETZ Martin Ratio Rank: 47

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.

USVN vs. VETZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Treasury 7 Year Note ETF (USVN) and Academy Veteran Bond ETF (VETZ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	USVN	VETZ	Difference
Sharpe ratio: Return per unit of total volatility	0.66	1.33	-0.67
Sortino ratio: Return per unit of downside risk	1.00	1.98	-0.99
Omega ratio: Gain probability vs. loss probability	1.11	1.23	-0.12
Calmar ratio: Return relative to maximum drawdown	0.76	2.30	-1.54
Martin ratio: Return relative to average drawdown	2.05	7.61	-5.56

USVN vs. VETZ - Sharpe Ratio Comparison

The current USVN Sharpe Ratio is 0.66, which is lower than the VETZ Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of USVN and VETZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

USVN vs. VETZ - Drawdown Comparison

The maximum USVN drawdown since its inception was -8.27%, which is greater than VETZ's maximum drawdown of -5.16%. Use the drawdown chart below to compare losses from any high point for USVN and VETZ.

Drawdown Indicators

	USVN	VETZ	Difference
Max Drawdown Largest peak-to-trough decline	-8.27%	-5.16%	-3.11%
Max Drawdown (1Y) Largest decline over 1 year	-3.68%	-2.73%	-0.95%
Max Drawdown (3Y) Largest decline over 3 years	-5.85%	—	—
Current Drawdown Current decline from peak	-2.72%	-1.01%	-1.71%
Average Drawdown Average peak-to-trough decline	-2.34%	-1.30%	-1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.36%	0.82%	+0.54%

Volatility

USVN vs. VETZ - Volatility Comparison

US Treasury 7 Year Note ETF (USVN) and Academy Veteran Bond ETF (VETZ) have volatilities of 1.25% and 1.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USVN	VETZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	1.22%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	3.12%	3.37%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	4.23%	4.74%	-0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.78%	6.13%	-0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.78%	6.13%	-0.35%

USVN vs. VETZ - Expense Ratio Comparison

USVN has a 0.15% expense ratio, which is lower than VETZ's 0.35% expense ratio.

Dividends

USVN vs. VETZ - Dividend Comparison

USVN's dividend yield for the trailing twelve months is around 3.75%, less than VETZ's 6.14% yield.

Position	TTM	2025	2024	2023
USVN US Treasury 7 Year Note ETF	3.75%	3.81%	4.07%	2.91%
VETZ Academy Veteran Bond ETF	6.14%	6.14%	5.89%	1.88%

Frequently Asked Questions

Can I hold both USVN and VETZ in my portfolio?

USVN and VETZ have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USVN or VETZ?

USVN has higher volatility (1.25%) compared to VETZ (1.22%). In terms of maximum drawdown, USVN dropped -8.27% vs VETZ's -5.16%.

Which ETF is better, USVN or VETZ?

On 1-year performance, VETZ leads with 6.26% vs 2.78% for USVN. On fees, USVN is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USVN or VETZ?

Over the 1-year period, VETZ has performed better with a 6.26% return vs 2.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USVN or VETZ?

USVN is cheaper with a 0.15% expense ratio, compared with 0.35% for VETZ.

Which ETF pays a higher dividend yield, USVN or VETZ?

VETZ has the higher dividend yield at 6.14%, compared with 3.75% for USVN.

What is the main difference between USVN and VETZ?

USVN is categorized as Government Bonds, while VETZ is Mortgage Backed Securities. They also come from different issuers: US Benchmark Series and Academy. Their fees differ too: 0.15% for USVN and 0.35% for VETZ.

Which has better risk-adjusted returns?

VETZ currently has the higher Sharpe Ratio (1.33 vs 0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.