UTRE vs. IVES

Last updated Jun 24, 2026

UTRE (US Treasury 3 Year Note ETF) and IVES (Dan IVES Wedbush AI Revolution ETF) are both exchange-traded funds - UTRE is a Government Bonds fund tracking the ICE BofA Current 3-Year US Treasury Index - Benchmark TR Gross, while IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index. Both are passively managed. Over the past year, UTRE returned 2.41% vs 40.84% for IVES. At a 0.07 correlation, their price movements are largely independent. UTRE charges 0.15%/yr vs 0.75%/yr for IVES.

Performance

UTRE vs. IVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Treasury 3 Year Note ETF (UTRE) and Dan IVES Wedbush AI Revolution ETF (IVES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UTRE achieves a -0.11% return, which is significantly lower than IVES's 15.94% return.

UTRE

• 1D: 0.10%
• 1M: 0.16%
• YTD: -0.11%
• 6M: 0.08%
• 1Y: 2.41%
• 3Y*: 3.77%
• 5Y*: —
• 10Y*: —

IVES

• 1D: -2.42%
• 1M: -1.61%
• YTD: 15.94%
• 6M: 13.43%
• 1Y: 40.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UTRE vs. IVES - Yearly Performance Comparison

	2026 (YTD)	2025
UTRE US Treasury 3 Year Note ETF	-0.11%	3.02%
IVES Dan IVES Wedbush AI Revolution ETF	15.94%	25.11%

Correlation

The correlation between UTRE and IVES is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.07

Return for Risk

UTRE vs. IVES — Risk / Return Rank

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

UTRE

UTRE Risk / Return Rank: 35
UTRE Sharpe Ratio Rank: 36
UTRE Sortino Ratio Rank: 37
UTRE Omega Ratio Rank: 34
UTRE Calmar Ratio Rank: 36
UTRE Martin Ratio Rank: 33

IVES

IVES Risk / Return Rank: 40
IVES Sharpe Ratio Rank: 45
IVES Sortino Ratio Rank: 41
IVES Omega Ratio Rank: 41
IVES Calmar Ratio Rank: 37
IVES Martin Ratio Rank: 34

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.

UTRE vs. IVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Treasury 3 Year Note ETF (UTRE) and Dan IVES Wedbush AI Revolution ETF (IVES). 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.

	UTRE	IVES	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.51	-0.32
Sortino ratio: Return per unit of downside risk	1.82	2.03	-0.21
Omega ratio: Gain probability vs. loss probability	1.22	1.26	-0.04
Calmar ratio: Return relative to maximum drawdown	1.68	1.81	-0.13
Martin ratio: Return relative to average drawdown	4.49	4.94	-0.45

UTRE vs. IVES - Sharpe Ratio Comparison

The current UTRE Sharpe Ratio is 1.19, which is comparable to the IVES Sharpe Ratio of 1.51. The chart below compares the historical Sharpe Ratios of UTRE and IVES, 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

UTRE vs. IVES - Drawdown Comparison

The maximum UTRE drawdown since its inception was -2.80%, smaller than the maximum IVES drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for UTRE and IVES.

Drawdown Indicators

	UTRE	IVES	Difference
Max Drawdown Largest peak-to-trough decline	-2.80%	-22.64%	+19.84%
Max Drawdown (1Y) Largest decline over 1 year	-1.44%	-22.64%	+21.20%
Max Drawdown (3Y) Largest decline over 3 years	-1.86%	—	—
Current Drawdown Current decline from peak	-1.09%	-12.17%	+11.08%
Average Drawdown Average peak-to-trough decline	-0.78%	-5.83%	+5.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.54%	8.28%	-7.74%

Volatility

UTRE vs. IVES - Volatility Comparison

The current volatility for US Treasury 3 Year Note ETF (UTRE) is 0.68%, while Dan IVES Wedbush AI Revolution ETF (IVES) has a volatility of 11.75%. This indicates that UTRE experiences smaller price fluctuations and is considered to be less risky than IVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTRE	IVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.68%	11.75%	-11.07%
Volatility (6M) Calculated over the trailing 6-month period	1.50%	21.34%	-19.84%
Volatility (1Y) Calculated over the trailing 1-year period	2.04%	27.10%	-25.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.70%	26.66%	-23.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.70%	26.66%	-23.96%

UTRE vs. IVES - Expense Ratio Comparison

UTRE has a 0.15% expense ratio, which is lower than IVES's 0.75% expense ratio.

Dividends

UTRE vs. IVES - Dividend Comparison

UTRE's dividend yield for the trailing twelve months is around 3.50%, more than IVES's 0.36% yield.

Position	TTM	2025	2024	2023
IVES Dan IVES Wedbush AI Revolution ETF	0.36%	0.41%	0.00%	0.00%
UTRE US Treasury 3 Year Note ETF	3.50%	3.60%	4.01%	3.14%

Frequently Asked Questions

Can I hold both UTRE and IVES in my portfolio?

UTRE and IVES have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UTRE or IVES?

IVES has higher volatility (11.75%) compared to UTRE (0.68%). In terms of maximum drawdown, UTRE dropped -2.80% vs IVES's -22.64%.

Which ETF is better, UTRE or IVES?

On 1-year performance, IVES leads with 40.84% vs 2.41% for UTRE. On fees, UTRE is cheaper at 0.15% per year. On volatility, UTRE has been the lower-risk option at 0.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UTRE or IVES?

Over the 1-year period, IVES has performed better with a 40.84% return vs 2.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UTRE or IVES?

UTRE is cheaper with a 0.15% expense ratio, compared with 0.75% for IVES.

Which ETF pays a higher dividend yield, UTRE or IVES?

UTRE has the higher dividend yield at 3.50%, compared with 0.36% for IVES.

What is the main difference between UTRE and IVES?

UTRE is categorized as Government Bonds, while IVES is Technology Equities. UTRE tracks ICE BofA Current 3-Year US Treasury Index - Benchmark TR Gross, while IVES tracks Solactive Wedbush Artificial Intelligence Index. They also come from different issuers: US Benchmark Series and Wedbush. Their fees differ too: 0.15% for UTRE and 0.75% for IVES.

Which has better risk-adjusted returns?

IVES currently has the higher Sharpe Ratio (1.51 vs 1.19), 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.