Data as of Oct 28, 2026.

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IUSB vs SYSB: Differences, Returns & Fees

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On Jul 31, 2026 IUSB's duration was 5.5 years and SYSB's 5.9; IUSB charges 0.06% to SYSB's 0.25%.

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Net assets on Oct 27, 2026: $49.8bn for iShares Core Universal USD Bond ETF and $1.4bn for iShares Systematic Bond ETF.

At a glance
−1.2%
IUSB total return, 1 year
−1.9%
SYSB total return, 1 year
0.06%
IUSB expense ratio
0.25%
SYSB expense ratio

Pair scorecard

IUSB costs 0.19 points a year less; their one-year returns differ by 0.7 points; IUSB is far larger, $49.8bn against $1.4bn.

IUSB vs SYSB: Differences, Returns & Fees
MeasureIUSBSYSB
Return
Total return, 1 year−1.2%−1.9%
Drawdown
Below its high3.3%, high on Feb 27, 2026
Benchmark
What it tracksBloomberg U.S. Universal IndexBlackRock Universal Systematic Bond Index
Cost and size
Expense ratio0.06%0.25%
Net assets, as of Oct 27, 2026$49.8bn$1.4bn
Holdings
Holdings in common8%

Holdings in common uses holdings dated Jul 31, 2026. Method

Risk and return

Mar 6, 2015 to Oct 23, 2026 · 607 weekly returns
IUSB SYSB
Return
Total return edge SYSB +25.2% +28.7%
Annualized edge SYSB +1.9% +2.2%
Price return edge IUSB −11.4% −14.1%
Risk
Volatility edge Tie 5.1% 5.0%
Max drawdown edge Tie −17.7% −17.9%
Risk-adjusted
Sharpe edge SYSB −0.02 0.02
Sortino edge SYSB −0.03 0.03
Calmar edge SYSB (slight) 0.11 0.12
Reading

SYSB returned more: +28.7% to +25.2%. IUSB and SYSB swung about the same: 5.1% and 5.0%. IUSB and SYSB fell about the same at their worst: −17.7% and −17.9%.

Full scorecard

9 measures, with how each is measured
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Risk and return: IUSB vs SYSB: Differences, Returns & Fees
MeasureIUSBSYSBEdgeHow it is measured
Return
Total return+25.2%+28.7%SYSBPrice change plus distributions, reinvested.
Annualized+1.9%+2.2%SYSBTotal return as a yearly rate.
Price return−11.4%−14.1%IUSBPrice change alone, distributions left out.
Risk
Volatility5.1%5.0%TieSpread of weekly returns, annualized. Lower is steadier.
Downside deviation3.7%3.8%IUSB (slight)Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown−17.7%−17.9%TieDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.020.02SYSBReturn above Treasury bills per unit of volatility.
Sortino−0.030.03SYSBReturn above Treasury bills per unit of downside deviation.
Calmar0.110.12SYSB (slight)Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 607 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

8%

By the books each fund has filed, IUSB and SYSB hold 8% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026.

0 half 100%

half

8% in common

Positions both hold · largest shared weight first IUSB SYSB
Uniform Mortgage-Backed Securities, due Aug 25, 2056 0.41% 0.36%
U.S. Treasury Notes, due Aug 15, 2035 0.34% 2.16%
U.S. Treasury Notes, due Nov 15, 2034 0.34% 0.99%
U.S. Treasury Notes, due May 15, 2035 0.33% 2.34%
Uniform Mortgage-Backed Securities, due Aug 25, 2041 0.26% 0.72%
U.S. Treasury Notes, due Feb 28, 2031 0.24% 1.30%
Uniform Mortgage-Backed Securities, due Aug 25, 2056 0.22% 1.10%
U.S. Treasury Notes, due May 15, 2033 0.21% 1.60%
U.S. Treasury Notes, due Nov 30, 2028 0.21% 0.72%
Government National Mortgage Association, due Aug 15, 2056 0.19% 0.21%
Uniform Mortgage-Backed Securities, due Aug 25, 2056 0.31% 0.19%
U.S. Treasury Notes, due Feb 28, 2029 0.18% 0.81%
Only in one fund ↓
Only in IUSB
U.S. Treasury Notes, due Dec 31, 2029 0.37%
U.S. Treasury Notes, due May 15, 2036 0.37%
U.S. Treasury Notes, due Feb 15, 2034 0.36%
U.S. Treasury Notes, due Feb 15, 2035 0.35%
U.S. Treasury Notes, due May 15, 2034 0.34%
U.S. Treasury Notes, due Feb 15, 2036 0.33%
U.S. Treasury Notes, due Aug 15, 2034 0.33%
U.S. Treasury Notes, due Aug 15, 2032 0.33%
Only in SYSB
Fannie Mae Pool, due Sep 1, 2054 0.39%
Freddie Mac Pool, due Feb 1, 2056 0.35%
Freddie Mac Pool, due Feb 1, 2056 0.34%
Fannie Mae Pool, due Dec 1, 2054 0.31%
Fannie Mae Pool, due Jan 1, 2056 0.28%
Freddie Mac Pool, due May 1, 2052 0.28%
Freddie Mac Pool, due Jun 1, 2055 0.23%
Ginnie Mae II Pool, due May 20, 2052 0.22%
Check overlap with more funds →

Side by side

IUSB iShares Core Universal USD Bond ETF SYSB iShares Systematic Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of Universal USD Bond Tracks an index
Total return, 1 year −1.2% −1.9%
Its benchmark over the same days not measured −1.2% (IUSB)
Gap to its benchmark not measured −0.7 pts vs IUSB
Expense ratio 0.06% 0.25%
Holdings 18338 853
Net assets, as of Oct 27, 2026 $49.8bn $1.4bn

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

Client brief · page 1 of 2 Report BR-603BAF2CAF

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

  1. What each follows. IUSB follows Bloomberg U.S. Universal Index and SYSB follows BlackRock Universal Systematic Bond Index.
  2. Holdings in common. 8% of the weight is in the same securities (holdings dated Jul 31, 2026).
  3. Number of holdings. IUSB holds 18,338 positions and SYSB holds 853.

Data as of Oct 28, 2026.

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About each fund
IUSB

IUSB tracks an index of Universal USD Bond. Over the year to Oct 28, 2026 it returned −1.2% with distributions reinvested. The prospectus expense ratio is 0.06% a year.

SYSB

SYSB tracks an index. Over the year to Oct 28, 2026 it returned −1.9% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.25% a year. It sat 3.3% below its high of Feb 27, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, IUSB or SYSB?
In the year to Oct 28, 2026, with distributions reinvested, IUSB returned −1.2% and SYSB −1.9%.
Which is cheaper, IUSB or SYSB?
IUSB is cheaper, by 0.19 percentage points a year. That is about $19 on $10,000 held for a year. Fees come from each fund's prospectus.
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Cite this pageCitation, APA and Markdown

ETFIQ, IUSB against SYSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/iusb-vs-sysb

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