Data as of Oct 28, 2026.

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BSV vs USTB: Differences, Returns & Fees

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On Jun 30, 2026 BSV's duration was 2.5 years and USTB's 1.9; BSV charges 0.03% to USTB's 0.34%.

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Net assets: $45.4bn on Sep 30, 2026 for Vanguard Short-Term Bond ETF, and $2.2bn on Jun 30, 2026 for VictoryShares Short-Term Bond ETF.

At a glance
+1.0%
BSV total return, 1 year
+2.7%
USTB total return, 1 year
0.03%
BSV expense ratio
0.34%
USTB expense ratio

Pair scorecard

BSV costs 0.31 points a year less; their one-year returns differ by 1.7 points.

BSV vs USTB: Differences, Returns & Fees
MeasureBSVUSTB
Return
Total return, 1 year+1.0%+2.7%
Benchmark
What it tracksBloomberg U.S. 1-5 Year Government/Credit Float Adjusted IndexNo index, actively managed
Cost and size
Expense ratio0.03%0.34%
Net assets, BSV as of Sep 30, 2026 and USTB as of Jun 30, 2026$45.4bn$2.2bn
Holdings
Holdings in common5%

Holdings in common uses holdings dated Jun 30, 2026. Method

Risk and return

Nov 3, 2017 to Oct 23, 2026 · 468 weekly returns
BSV USTB
Return
Total return edge USTB +20.4% +34.8%
Annualized edge USTB +2.1% +3.4%
Price return edge USTB −3.4% −0.3%
Risk
Volatility edge USTB (slight) 2.4% 2.2%
Max drawdown edge USTB −8.1% −5.2%
Risk-adjusted
Sharpe edge USTB −0.26 0.29
Sortino edge USTB −0.37 0.37
Calmar edge USTB 0.26 0.65
Reading

USTB returned more: +34.8% to +20.4%. USTB swung slightly less: 2.2% to 2.4%. USTB fell less at its worst: −5.2% to −8.1%.

Full scorecard

9 measures, with how each is measured
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Risk and return: BSV vs USTB: Differences, Returns & Fees
MeasureBSVUSTBEdgeHow it is measured
Return
Total return+20.4%+34.8%USTBPrice change plus distributions, reinvested.
Annualized+2.1%+3.4%USTBTotal return as a yearly rate.
Price return−3.4%−0.3%USTBPrice change alone, distributions left out.
Risk
Volatility2.4%2.2%USTB (slight)Spread of weekly returns, annualized. Lower is steadier.
Downside deviation1.7%1.7%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−8.1%−5.2%USTBDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.260.29USTBReturn above Treasury bills per unit of volatility.
Sortino−0.370.37USTBReturn above Treasury bills per unit of downside deviation.
Calmar0.260.65USTBAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 468 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

5%

By the books each fund has filed, BSV and USTB hold 5% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

0 half 100%

half

5% in common

Positions both hold · largest shared weight first BSV USTB
US TREASURY N/B, due Apr 30, 2031 0.55% 0.66%
US TREASURY N/B, due Nov 15, 2027 0.53% 1.75%
US TREASURY N/B, due Dec 31, 2028 0.51% 1.38%
US TREASURY N/B, due Jun 30, 2028 0.36% 0.58%
US TREASURY N/B, due Aug 15, 2029 0.33% 1.00%
US TREASURY N/B, due Jan 31, 2031 0.33% 1.25%
US TREASURY N/B, due Aug 31, 2030 0.29% 1.57%
US TREASURY N/B, due Aug 31, 2027 0.29% 0.75%
SALESFORCE INC, due Mar 15, 2028 0.03% 0.22%
ENERGY TRANS, due Jan 15, 2031 0.03% 0.09%
ORACLE CORP, due Sep 26, 2030 0.03% 0.17%
ONEOK INC, due Sep 24, 2027 0.03% 0.04%
Only in one fund ↓
Only in BSV
US TREASURY N/B, due Jan 31, 2028 1.12%
US TREASURY N/B, due Dec 31, 2027 0.89%
US TREASURY N/B, due Feb 28, 2030 0.88%
US TREASURY N/B, due Mar 31, 2028 0.81%
US TREASURY N/B, due Jul 15, 2027 0.80%
US TREASURY N/B, due Nov 15, 2030 0.79%
US TREASURY N/B, due May 31, 2031 0.78%
US TREASURY N/B, due Dec 31, 2029 0.77%
Only in USTB
ANTERO RESOURCES CORP 0.98%
U S TREASURY NOTE, due Dec 15, 2026 0.68%
KEURIG DR PEPPER INC 0.57%
CITIGROUP INC, due Dec 31, 2199 0.51%
AMERICAN EXPRESS CO, due Dec 31, 2199 0.48%
ENSTAR FINANCE LLC, due Jan 15, 2042 0.46%
VIDEOTRON LTD 0.45%
OPEN TEXT CORP, due Dec 1, 2027 0.45%
Check overlap with more funds →

Side by side

BSV Vanguard Short-Term Bond ETF USTB VictoryShares Short-Term Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of Short-Term Bond Actively managed
Total return, 1 year +1.0% +2.7%
Expense ratio 0.03% 0.34%
Holdings 3157 1034
Net assets, BSV as of Sep 30, 2026 and USTB as of Jun 30, 2026 $45.4bn $2.2bn

BSV and USTB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-F942C8ED01

BSV and USTB are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. BSV follows Bloomberg U.S. 1-5 Year Government/Credit Float Adjusted Index and USTB follows No index, actively managed.
  2. Holdings in common. 5% of the weight is in the same securities (holdings dated Jun 30, 2026).
  3. Number of holdings. BSV holds 3,157 positions and USTB holds 1034.

Data as of Oct 28, 2026.

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About each fund
BSV

BSV tracks an index of Short-Term Bond. Over the year to Oct 28, 2026 it returned +1.0% with distributions reinvested. The prospectus expense ratio is 0.03% a year.

USTB

USTB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +2.7% with distributions reinvested. The prospectus expense ratio is 0.34% a year.

Questions people ask

Which returned more over the last year, BSV or USTB?
In the year to Oct 28, 2026, with distributions reinvested, BSV returned +1.0% and USTB +2.7%.
Which is cheaper, BSV or USTB?
BSV is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
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ETFIQ, BSV against USTB, data as of Oct 28, 2026. https://etfiq.com/compare/any/bsv-vs-ustb

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.