Data as of Oct 28, 2026.

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IEF vs VUSB: Differences, Returns & Fees

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IEF's duration was 7.0 years on Aug 31, 2026 and VUSB's 1.0 on Jun 30, 2026; VUSB charges 0.10% to IEF's 0.15%.

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Net assets: $43.5bn on Oct 27, 2026 for iShares 7-10 Year Treasury Bond ETF, and $9.9bn on Sep 30, 2026 for Vanguard Ultra-Short Bond ETF.

At a glance
−3.2%
IEF total return, 1 year
+3.5%
VUSB total return, 1 year
0.15%
IEF expense ratio
0.10%
VUSB expense ratio

Pair scorecard

VUSB costs 0.05 points a year less; their one-year returns differ by 6.7 points; IEF is 4.2 times larger.

IEF vs VUSB: Differences, Returns & Fees
MeasureIEFVUSB
Return
Total return, 1 year−3.2%+3.5%
Drawdown
Below its high13.1%, high on Aug 4, 2020
Benchmark
What it tracksICE U.S. Treasury 7-10 Year Bond IndexNo index, actively managed
Cost and size
Expense ratio0.15%0.10%
Net assets, as of Sep 30, 2026$41.6bn$9.9bn
Holdings
Holdings in common0%

Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method

Risk and return

Apr 16, 2021 to Oct 23, 2026 · 288 weekly returns
IEF VUSB
Return
Total return edge VUSB −6.7% +20.0%
Annualized edge VUSB −1.3% +3.3%
Price return edge VUSB −20.3% −1.0%
Risk
Volatility edge VUSB 7.1% 0.8%
Max drawdown edge VUSB −20.6% −1.7%
Risk-adjusted
Sharpe edge VUSB −0.64 −0.33
Sortino edge VUSB −0.87 −0.45
Calmar edge VUSB −0.06 1.96
Reading

VUSB returned more: +20.0% to −6.7%. VUSB swung less: 0.8% to 7.1%. VUSB fell less at its worst: −1.7% to −20.6%.

Full scorecard

9 measures, with how each is measured
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Risk and return: IEF vs VUSB: Differences, Returns & Fees
MeasureIEFVUSBEdgeHow it is measured
Return
Total return−6.7%+20.0%VUSBPrice change plus distributions, reinvested.
Annualized−1.3%+3.3%VUSBTotal return as a yearly rate.
Price return−20.3%−1.0%VUSBPrice change alone, distributions left out.
Risk
Volatility7.1%0.8%VUSBSpread of weekly returns, annualized. Lower is steadier.
Downside deviation5.3%0.6%VUSBLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−20.6%−1.7%VUSBDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.64−0.33VUSBReturn above Treasury bills per unit of volatility.
Sortino−0.87−0.45VUSBReturn above Treasury bills per unit of downside deviation.
Calmar−0.061.96VUSBAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 288 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, IEF and VUSB hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IEF VUSB
Only in one fund ↓
Only in IEF
U.S. Treasury Notes, due Feb 15, 2036 9.31%
U.S. Treasury Notes, due Feb 15, 2035 8.74%
U.S. Treasury Notes, due Nov 15, 2034 8.63%
U.S. Treasury Notes, due Nov 15, 2035 8.52%
U.S. Treasury Notes, due May 15, 2034 8.31%
U.S. Treasury Notes, due Aug 15, 2035 8.25%
U.S. Treasury Notes, due May 15, 2035 8.21%
U.S. Treasury Notes, due Feb 15, 2034 8.12%
Only in VUSB
TREASURY BILL, due Jun 10, 2027 4.19%
US TREASURY N/B, due Jul 31, 2027 0.67%
PNC FINANCIAL, due Oct 26, 2029 0.58%
US TREASURY N/B, due Jun 30, 2028 0.52%
REGIONS BANKS, due Jul 27, 2029 0.51%
US BANCORP, due Jun 12, 2029 0.50%
CHARLES SCHWAB, due Jul 27, 2029 0.49%
TRUIST BANK, due Jul 24, 2028 0.44%
Check overlap with more funds →

Side by side

IEF iShares 7-10 Year Treasury Bond ETF VUSB Vanguard Ultra-Short Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of 7-10 Year Treasury Bond Actively managed
Total return, 1 year −3.2% +3.5%
Its benchmark over the same days not measured −1.4% (AGG)
Gap to its benchmark not measured +4.9 pts vs AGG
Expense ratio 0.15% 0.10%
Holdings 17 1344
Net assets, IEF as of Oct 27, 2026 and VUSB as of Sep 30, 2026 $43.5bn $9.9bn

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

Client brief · page 1 of 2 Report BR-781D0B2CF1

IEF and VUSB do different jobs. What does each one do in a portfolio?

  1. What each follows. IEF follows ICE U.S. Treasury 7-10 Year Bond Index and VUSB follows No index, actively managed.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026 and Jun 30, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 IEF returned −3.2% and VUSB +3.5% with distributions reinvested, a gap of 6.7 points.

Data as of Oct 28, 2026.

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About each fund
IEF

IEF tracks an index of 7-10 Year Treasury Bond. Over the year to Oct 28, 2026 it returned −3.2% with distributions reinvested. The prospectus expense ratio is 0.15% a year. It sat 13.1% below its high of Aug 4, 2020 on Oct 28, 2026.

VUSB

VUSB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +3.5% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.10% a year.

Questions people ask

Which returned more over the last year, IEF or VUSB?
In the year to Oct 28, 2026, with distributions reinvested, IEF returned −3.2% and VUSB +3.5%.
Which is cheaper, IEF or VUSB?
VUSB is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, IEF against VUSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/ief-vs-vusb

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