VETZ vs. USVN

Last updated Jun 24, 2026

VETZ (Academy Veteran Bond ETF) and USVN (US Treasury 7 Year Note ETF) are both exchange-traded funds - VETZ is a Mortgage Backed Securities fund actively managed by Academy, while USVN is a Government Bonds fund tracking the ICE BofA Current 7-Year US Treasury Index - Benchmark TR Gross. VETZ is actively managed, while USVN is passively managed. Over the past year, VETZ returned 6.05% vs 2.56% for USVN. A 0.78 correlation means they provide meaningful diversification when combined. VETZ charges 0.35%/yr vs 0.15%/yr for USVN.

Performance

VETZ vs. USVN - Performance Comparison

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

Returns By Period

In the year-to-date period, VETZ achieves a 1.08% return, which is significantly higher than USVN's -0.65% return.

VETZ

• 1D: 0.08%
• 1M: 1.07%
• YTD: 1.08%
• 6M: 1.27%
• 1Y: 6.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USVN

• 1D: 0.11%
• 1M: 0.40%
• YTD: -0.65%
• 6M: -0.53%
• 1Y: 2.56%
• 3Y*: 2.85%
• 5Y*: —
• 10Y*: —

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

VETZ vs. USVN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
VETZ Academy Veteran Bond ETF	1.08%	8.02%	2.22%	3.84%
USVN US Treasury 7 Year Note ETF	-0.65%	7.66%	0.03%	3.11%

Correlation

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

Return for Risk

VETZ vs. USVN — Risk / Return Rank

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

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: 49
VETZ Martin Ratio Rank: 47

USVN

USVN Risk / Return Rank: 18
USVN Sharpe Ratio Rank: 19
USVN Sortino Ratio Rank: 18
USVN Omega Ratio Rank: 16
USVN Calmar Ratio Rank: 18
USVN Martin Ratio Rank: 18

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.

VETZ vs. USVN - Risk-Adjusted Trends Comparison

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

	VETZ	USVN	Difference
Sharpe ratio: Return per unit of total volatility	1.28	0.61	+0.67
Sortino ratio: Return per unit of downside risk	1.92	0.92	+1.00
Omega ratio: Gain probability vs. loss probability	1.23	1.10	+0.12
Calmar ratio: Return relative to maximum drawdown	2.22	0.70	+1.52
Martin ratio: Return relative to average drawdown	7.33	1.87	+5.46

VETZ vs. USVN - Sharpe Ratio Comparison

The current VETZ Sharpe Ratio is 1.28, which is higher than the USVN Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of VETZ and USVN, 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

VETZ vs. USVN - Drawdown Comparison

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

Drawdown Indicators

	VETZ	USVN	Difference
Max Drawdown Largest peak-to-trough decline	-5.16%	-8.27%	+3.11%
Max Drawdown (1Y) Largest decline over 1 year	-2.73%	-3.68%	+0.95%
Max Drawdown (3Y) Largest decline over 3 years	—	-5.85%	—
Current Drawdown Current decline from peak	-0.93%	-2.62%	+1.69%
Average Drawdown Average peak-to-trough decline	-1.30%	-2.34%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.83%	1.37%	-0.54%

Volatility

VETZ vs. USVN - Volatility Comparison

Academy Veteran Bond ETF (VETZ) and US Treasury 7 Year Note ETF (USVN) have volatilities of 1.21% and 1.26%, 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

	VETZ	USVN	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.21%	1.26%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	3.36%	3.11%	+0.25%
Volatility (1Y) Calculated over the trailing 1-year period	4.73%	4.22%	+0.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.12%	5.77%	+0.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.12%	5.77%	+0.35%

VETZ vs. USVN - Expense Ratio Comparison

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

Dividends

VETZ vs. USVN - Dividend Comparison

VETZ's dividend yield for the trailing twelve months is around 6.14%, more than USVN's 3.75% 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 VETZ and USVN in my portfolio?

VETZ and USVN 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, VETZ or USVN?

USVN has higher volatility (1.26%) compared to VETZ (1.21%). In terms of maximum drawdown, VETZ dropped -5.16% vs USVN's -8.27%.

Which ETF is better, VETZ or USVN?

On 1-year performance, VETZ leads with 6.05% vs 2.56% 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, VETZ or USVN?

Over the 1-year period, VETZ has performed better with a 6.05% return vs 2.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VETZ or USVN?

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

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

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

What is the main difference between VETZ and USVN?

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

Which has better risk-adjusted returns?

VETZ currently has the higher Sharpe Ratio (1.28 vs 0.61), 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.