UTRE vs. THTA

Last updated Jun 4, 2026

UTRE (US Treasury 3 Year Note ETF) and THTA (SoFi Enhanced Yield 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 THTA is a Derivative Income fund actively managed by SoFi. UTRE is passively managed, while THTA is actively managed. Over the past year, UTRE returned 2.93% vs 16.78% for THTA. At a correlation of -0.04, they often move in opposite directions. UTRE charges 0.15%/yr vs 0.49%/yr for THTA.

Performance

UTRE vs. THTA - Performance Comparison

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

Returns By Period

In the year-to-date period, UTRE achieves a -0.09% return, which is significantly lower than THTA's 6.86% return.

UTRE

• 1D: -0.08%
• 1M: -0.10%
• YTD: -0.09%
• 6M: 0.06%
• 1Y: 2.93%
• 3Y*: 3.64%
• 5Y*: —
• 10Y*: —

THTA

• 1D: -0.02%
• 1M: 0.56%
• YTD: 6.86%
• 6M: 8.04%
• 1Y: 16.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UTRE vs. THTA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UTRE US Treasury 3 Year Note ETF	-0.09%	5.68%	2.96%	2.30%
THTA SoFi Enhanced Yield ETF	6.86%	-10.24%	7.31%	1.04%

Correlation

The correlation between UTRE and THTA is -0.00, 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	-0.00
Correlation (All Time) Calculated using the full available price history since Nov 16, 2023	-0.04

Return for Risk

UTRE vs. THTA — Risk / Return Rank

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

UTRE

UTRE Risk / Return Rank: 42
UTRE Sharpe Ratio Rank: 41
UTRE Sortino Ratio Rank: 46
UTRE Omega Ratio Rank: 41
UTRE Calmar Ratio Rank: 41
UTRE Martin Ratio Rank: 39

THTA

THTA Risk / Return Rank: 92
THTA Sharpe Ratio Rank: 87
THTA Sortino Ratio Rank: 90
THTA Omega Ratio Rank: 95
THTA Calmar Ratio Rank: 92
THTA Martin Ratio Rank: 97

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. THTA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Treasury 3 Year Note ETF (UTRE) and SoFi Enhanced Yield ETF (THTA). 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.

	UTRE	THTA	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.91	-1.45
Sortino ratio: Return per unit of downside risk	2.28	4.29	-2.01
Omega ratio: Gain probability vs. loss probability	1.27	1.75	-0.48
Calmar ratio: Return relative to maximum drawdown	2.05	6.39	-4.34
Martin ratio: Return relative to average drawdown	6.10	52.08	-45.98
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UTRE vs. THTA - Sharpe Ratio Comparison

The current UTRE Sharpe Ratio is 1.46, which is lower than the THTA Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of UTRE and THTA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UTRE	THTA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.46	2.91	-1.45
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	0.08	+1.17

Drawdowns

UTRE vs. THTA - Drawdown Comparison

The maximum UTRE drawdown since its inception was -2.80%, smaller than the maximum THTA drawdown of -31.41%. Use the drawdown chart below to compare losses from any high point for UTRE and THTA.

Drawdown Indicators

	UTRE	THTA	Difference
Max Drawdown Largest peak-to-trough decline	-2.80%	-31.41%	+28.61%
Max Drawdown (1Y) Largest decline over 1 year	-1.44%	-2.64%	+1.20%
Max Drawdown (3Y) Largest decline over 3 years	-1.86%	—	—
Current Drawdown Current decline from peak	-1.07%	-6.79%	+5.72%
Average Drawdown Average peak-to-trough decline	-0.77%	-7.52%	+6.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.48%	0.32%	+0.16%

Volatility

UTRE vs. THTA - Volatility Comparison

The current volatility for US Treasury 3 Year Note ETF (UTRE) is 0.58%, while SoFi Enhanced Yield ETF (THTA) has a volatility of 0.75%. This indicates that UTRE experiences smaller price fluctuations and is considered to be less risky than THTA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTRE	THTA	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.58%	0.75%	-0.17%
Volatility (6M) Calculated over the trailing 6-month period	1.41%	4.00%	-2.59%
Volatility (1Y) Calculated over the trailing 1-year period	2.02%	5.80%	-3.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.70%	20.25%	-17.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.70%	20.25%	-17.55%

UTRE vs. THTA - Expense Ratio Comparison

UTRE has a 0.15% expense ratio, which is lower than THTA's 0.49% expense ratio.

Dividends

UTRE vs. THTA - Dividend Comparison

UTRE's dividend yield for the trailing twelve months is around 3.50%, less than THTA's 11.26% yield.

Position	TTM	2025	2024	2023
THTA SoFi Enhanced Yield ETF	11.26%	12.66%	12.44%	0.58%
UTRE US Treasury 3 Year Note ETF	3.50%	3.60%	4.01%	3.14%

Frequently Asked Questions

Can I hold both UTRE and THTA in my portfolio?

UTRE and THTA have a correlation of -0.00, 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 THTA?

THTA has higher volatility (0.75%) compared to UTRE (0.58%). In terms of maximum drawdown, UTRE dropped -2.80% vs THTA's -31.41%.

Which ETF is better, UTRE or THTA?

On 1-year performance, THTA leads with 16.78% vs 2.93% for UTRE. On fees, UTRE is cheaper at 0.15% per year. On volatility, UTRE has been the lower-risk option at 0.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UTRE or THTA?

Over the 1-year period, THTA has performed better with a 16.78% return vs 2.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UTRE or THTA?

UTRE is cheaper with a 0.15% expense ratio, compared with 0.49% for THTA.

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

THTA has the higher dividend yield at 11.26%, compared with 3.50% for UTRE.

What is the main difference between UTRE and THTA?

UTRE is categorized as Government Bonds, while THTA is Derivative Income. They also come from different issuers: US Benchmark Series and SoFi. Their fees differ too: 0.15% for UTRE and 0.49% for THTA.

Which has better risk-adjusted returns?

THTA currently has the higher Sharpe Ratio (2.91 vs 1.46), 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.