UTWO vs. SDCP

Last updated Apr 1, 2026

Compare and contrast key facts about US Treasury 2 Year Note ETF (UTWO) and Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP).

UTWO and SDCP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTWO is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA Current 2 Year US Treasury Index - Benchmark TR Gross. It was launched on Aug 8, 2022. SDCP is an actively managed fund by Virtus. It was launched on Nov 15, 2023.

Performance

UTWO vs. SDCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Treasury 2 Year Note ETF (UTWO) and Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP). The values are adjusted to include any dividend payments, if applicable.

UTWO vs. SDCP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UTWO US Treasury 2 Year Note ETF	0.25%	4.79%	3.71%	1.49%
SDCP Virtus Newfleet Short Duration Core Plus Bond ETF	0.42%	5.37%	5.24%	1.98%

Returns By Period

In the year-to-date period, UTWO achieves a 0.25% return, which is significantly lower than SDCP's 0.42% return.

UTWO

• 1D: 0.10%
• 1M: -0.46%
• YTD: 0.25%
• 6M: 1.36%
• 1Y: 3.47%
• 3Y*: 3.60%
• 5Y*: —
• 10Y*: —

SDCP

• 1D: 0.21%
• 1M: -0.54%
• YTD: 0.42%
• 6M: 1.66%
• 1Y: 4.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UTWO vs. SDCP - Expense Ratio Comparison

UTWO has a 0.15% expense ratio, which is lower than SDCP's 0.35% expense ratio.

SDCP

Virtus Newfleet Short Duration Core Plus Bond ETF

UTWO

US Treasury 2 Year Note ETF

Return for Risk

UTWO vs. SDCP — Risk / Return Rank

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

UTWO

UTWO Risk / Return Rank: 95
UTWO Sharpe Ratio Rank: 94
UTWO Sortino Ratio Rank: 97
UTWO Omega Ratio Rank: 96
UTWO Calmar Ratio Rank: 95
UTWO Martin Ratio Rank: 94

SDCP

SDCP Risk / Return Rank: 97
SDCP Sharpe Ratio Rank: 95
SDCP Sortino Ratio Rank: 97
SDCP Omega Ratio Rank: 97
SDCP Calmar Ratio Rank: 97
SDCP Martin Ratio Rank: 96

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.

UTWO vs. SDCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Treasury 2 Year Note ETF (UTWO) and Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP). 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.

	UTWO	SDCP	Difference
Sharpe ratio Return per unit of total volatility	2.31	2.43	-0.11
Sortino ratio Return per unit of downside risk	3.69	3.80	-0.11
Omega ratio Gain probability vs. loss probability	1.48	1.58	-0.10
Calmar ratio Return relative to maximum drawdown	3.92	5.22	-1.30
Martin ratio Return relative to average drawdown	13.93	17.26	-3.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UTWO vs. SDCP - Sharpe Ratio Comparison

The current UTWO Sharpe Ratio is 2.31, which is comparable to the SDCP Sharpe Ratio of 2.43. The chart below compares the historical Sharpe Ratios of UTWO and SDCP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	UTWO	SDCP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.31	2.43	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	1.49	2.65	-1.16

Correlation

The correlation between UTWO and SDCP is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

UTWO vs. SDCP - Dividend Comparison

UTWO's dividend yield for the trailing twelve months is around 3.81%, less than SDCP's 5.27% yield.

	TTM	2025	2024	2023	2022
UTWO US Treasury 2 Year Note ETF	3.48%	3.63%	4.22%	4.39%	1.22%
SDCP Virtus Newfleet Short Duration Core Plus Bond ETF	5.27%	5.16%	5.25%	0.59%	0.00%

Drawdowns

UTWO vs. SDCP - Drawdown Comparison

The maximum UTWO drawdown since its inception was -2.04%, which is greater than SDCP's maximum drawdown of -1.00%. Use the drawdown chart below to compare losses from any high point for UTWO and SDCP.

Drawdown Indicators

	UTWO	SDCP	Difference
Max Drawdown Largest peak-to-trough decline	-2.04%	-1.00%	-1.04%
Max Drawdown (1Y) Largest decline over 1 year	-0.90%	-0.82%	-0.08%
Current Drawdown Current decline from peak	-0.46%	-0.54%	+0.08%
Average Drawdown Average peak-to-trough decline	-0.49%	-0.18%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.25%	0.25%	0.00%

Volatility

UTWO vs. SDCP - Volatility Comparison

US Treasury 2 Year Note ETF (UTWO) has a higher volatility of 0.54% compared to Virtus Newfleet Short Duration Core Plus Bond ETF (SDCP) at 0.40%. This indicates that UTWO's price experiences larger fluctuations and is considered to be riskier than SDCP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UTWO	SDCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.54%	0.40%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	0.86%	0.94%	-0.08%
Volatility (1Y) Calculated over the trailing 1-year period	1.51%	1.90%	-0.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.10%	2.10%	0.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.10%	2.10%	0.00%