UTEN vs. VGSH
Compare and contrast key facts about US Treasury 10 Year Note ETF (UTEN) and Vanguard Short-Term Treasury ETF (VGSH).
UTEN and VGSH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTEN is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA Current 10 Year US Treasury Index - Benchmark TR Gross. It was launched on Aug 8, 2022. VGSH is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-3 Year Government Float Adjusted Index. It was launched on Nov 19, 2009. Both UTEN and VGSH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UTEN or VGSH.
Key characteristics
| UTEN | VGSH | |
|---|---|---|
| YTD Return | -0.10% | 3.42% |
| 1Y Return | 6.64% | 5.40% |
| Sharpe Ratio | 0.78 | 2.74 |
| Sortino Ratio | 1.16 | 4.42 |
| Omega Ratio | 1.14 | 1.59 |
| Calmar Ratio | 0.55 | 2.14 |
| Martin Ratio | 2.24 | 15.89 |
| Ulcer Index | 2.67% | 0.33% |
| Daily Std Dev | 7.64% | 1.91% |
| Max Drawdown | -13.36% | -5.70% |
| Current Drawdown | -4.98% | -0.78% |
Correlation
The correlation between UTEN and VGSH is 0.82, 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.
Performance
UTEN vs. VGSH - Performance Comparison
In the year-to-date period, UTEN achieves a -0.10% return, which is significantly lower than VGSH's 3.42% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UTEN vs. VGSH - Expense Ratio Comparison
UTEN has a 0.15% expense ratio, which is higher than VGSH's 0.04% 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%.
Risk-Adjusted Performance
UTEN vs. VGSH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 10 Year Note ETF (UTEN) and Vanguard Short-Term Treasury ETF (VGSH). 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.
Dividends
UTEN vs. VGSH - Dividend Comparison
UTEN's dividend yield for the trailing twelve months is around 4.09%, less than VGSH's 4.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTEN US Treasury 10 Year Note ETF | 4.09% | 3.62% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 4.15% | 3.32% | 1.15% | 0.66% | 1.75% | 2.28% | 1.79% | 1.10% | 0.84% | 0.71% | 0.46% | 0.34% |
Drawdowns
UTEN vs. VGSH - Drawdown Comparison
The maximum UTEN drawdown since its inception was -13.36%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for UTEN and VGSH. For additional features, visit the drawdowns tool.
Volatility
UTEN vs. VGSH - Volatility Comparison
US Treasury 10 Year Note ETF (UTEN) has a higher volatility of 1.71% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.34%. This indicates that UTEN's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.