Which returned more over the last year, SPSB or USTB?

In the year to Oct 28, 2026, with distributions reinvested, SPSB returned +2.2% and USTB +2.7%.

Which is cheaper, SPSB or USTB?

SPSB is cheaper, by 0.30 percentage points a year. That is about $30 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

SPSB vs USTB: Differences, Returns & Fees

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On Jun 30, 2026 SPSB's duration was 1.8 years and USTB's 1.9; SPSB charges 0.04% to USTB's 0.34%.

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Net assets: $11.3bn on Oct 27, 2026 for State Street SPDR Portfolio Short Term Corporate Bond ETF, and $2.2bn on Jun 30, 2026 for VictoryShares Short-Term Bond ETF.

SPSB on its own →USTB on its own →

At a glance

+2.2%

SPSB total return, 1 year

+2.7%

USTB total return, 1 year

0.04%

SPSB expense ratio

0.34%

USTB expense ratio

Pair scorecard

SPSB costs 0.30 points a year less; their one-year returns differ by 0.5 points.

SPSB vs USTB: Differences, Returns & Fees
Measure	SPSB	USTB
Return
Measure	SPSB	USTB
Total return, 1 year	+2.2%	+2.7%
Benchmark
Measure	SPSB	USTB
What it tracks	Bloomberg U.S. 1-3 Year Corporate Bond Index	No index, actively managed
Cost and size
Measure	SPSB	USTB
Expense ratio	0.04%	0.34%
Net assets, SPSB as of Oct 27, 2026 and USTB as of Jun 30, 2026	$11.3bn	$2.2bn
Holdings
Measure	SPSB	USTB
Holdings in common	6%

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

Risk and return

Nov 3, 2017 to Oct 23, 2026 · 468 weekly returns

SPSB USTB

Return

Total return edge USTB +27.6% +34.8%

Annualized edge USTB +2.7% +3.4%

Price return edge USTB −2.9% −0.3%

Risk

Volatility edge USTB 3.9% 2.2%

Max drawdown edge USTB −9.9% −5.2%

Risk-adjusted

Sharpe edge USTB 0.02 0.29

Sortino edge USTB 0.03 0.37

Calmar edge USTB 0.28 0.65

Reading

USTB returned more: +34.8% to +27.6%. USTB swung less: 2.2% to 3.9%. USTB fell less at its worst: −5.2% to −9.9%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: SPSB vs USTB: Differences, Returns & Fees
Measure	SPSB	USTB	Edge	How it is measured
Return
Total return	+27.6%	+34.8%	USTB	Price change plus distributions, reinvested.
Annualized	+2.7%	+3.4%	USTB	Total return as a yearly rate.
Price return	−2.9%	−0.3%	USTB	Price change alone, distributions left out.
Risk
Volatility	3.9%	2.2%	USTB	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	2.8%	1.7%	USTB	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−9.9%	−5.2%	USTB	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.02	0.29	USTB	Return above Treasury bills per unit of volatility.
Sortino	0.03	0.37	USTB	Return above Treasury bills per unit of downside deviation.
Calmar	0.28	0.65	USTB	Annualized 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

By the books each fund has filed, SPSB and USTB hold 6% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.

50%

0 half 100%

half

6% in common

Positions both hold · largest shared weight first SPSB USTB

HSBC Holdings PLC, due Mar 3, 2029 0.33% 0.14%

Regions Bank/Birmingham AL, due Jul 27, 2029 0.15% 0.13%

JPMorgan Chase & Co, due Apr 23, 2030 0.24% 0.13%

AbbVie Inc, due Mar 3, 2028 0.17% 0.13%

Fedex Freight Holding Co Inc, due Mar 15, 2029 0.14% 0.13%

Honda Motor Co Ltd, due Jul 8, 2028 0.12% 0.13%

Global Payments Inc, due Nov 15, 2028 0.12% 0.13%

Dell International LLC / EMC Corp, due Feb 15, 2029 0.11% 0.18%

BAT International Finance PLC, due Mar 16, 2028 0.10% 0.23%

Fidelity National Information Services Inc, due Mar 10, 2029 0.29% 0.10%

General Motors Financial Co Inc, due Apr 4, 2028 0.17% 0.09%

Salesforce Inc, due Mar 15, 2029 0.56% 0.09%

Only in one fund ↓

Only in SPSB

AerCap Ireland Capital DAC / AerCap Global Aviation Trust, due Oct 29, 2028 0.44%

Bank of America Corp, due Dec 20, 2028 0.42%

Citigroup Inc, due Mar 4, 2029 0.42%

Morgan Stanley, due Apr 10, 2030 0.38%

JPMorgan Chase & Co, due Jul 25, 2028 0.38%

Pfizer Investment Enterprises Pte Ltd, due May 19, 2028 0.37%

Sprint Capital Corp, due Nov 15, 2028 0.37%

Wells Fargo & Co, due Jul 25, 2028 0.37%

Only in USTB

U S TREASURY NOTE, due Nov 15, 2027 1.75%

U S TREASURY NOTE, due Aug 31, 2030 1.57%

U S TREASURY NOTE, due Dec 31, 2028 1.38%

U S TREASURY NOTE, due Jan 31, 2031 1.25%

U S TREASURY NOTE, due Aug 15, 2029 1.00%

ANTERO RESOURCES CORP 0.98%

U S TREASURY NOTE, due Aug 31, 2027 0.75%

U S TREASURY NOTE, due Dec 15, 2026 0.68%

Check overlap with more funds →

Side by side

SPSB State Street SPDR Portfolio Short Term Corporate Bond ETF USTB VictoryShares Short-Term Bond ETF

Where it sits Bond ETF Bond ETF

Issuer State Street VictoryShares

What it is Tracks an index of Short Term Corporate Bond Actively managed

Total return, 1 year +2.2% +2.7%

Its benchmark over the same days −1.4% (AGG) not measured

Gap to its benchmark +3.6 pts vs AGG not measured

Expense ratio 0.04% 0.34%

Holdings 1684 1034

Net assets, SPSB as of Oct 27, 2026 and USTB as of Jun 30, 2026 $11.3bn $2.2bn

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

Client brief · page 1 of 2 Report BR-2D814756C9

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

What each follows. SPSB follows Bloomberg U.S. 1-3 Year Corporate Bond Index and USTB follows No index, actively managed.
Holdings in common. 6% of the weight is in the same securities (holdings dated Jun 30, 2026).
Cost. SPSB charges 0.04% of assets a year and USTB 0.34%, a gap of 0.30 points.

Data as of Oct 28, 2026.

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About each fund

SPSB

SPSB tracks an index of Short Term Corporate Bond. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.04% 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, SPSB or USTB?: In the year to Oct 28, 2026, with distributions reinvested, SPSB returned +2.2% and USTB +2.7%.
Which is cheaper, SPSB or USTB?: SPSB is cheaper, by 0.30 percentage points a year. That is about $30 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

IBDW vs SPSB BSCU vs SPSB CGSD vs SPSB BSCT vs SPSB DFSD vs USTB IGSB vs USTB NEAR vs USTB IBDT vs USTB

Where to next

SPSB on its own →USTB on its own →Hold both: look the portfolio through →Rankings →SPSB dividend history →SPSB holdings →USTB dividend history →USTB holdings →Standards and sources →

Sources and dates

SPSB filings on SEC EDGAR ↗

SPSB prospectus with the expense ratio (SEC) ↗

State Street website ↗

USTB filings on SEC EDGAR ↗

USTB prospectus with the expense ratio (SEC) ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, SPSB against USTB, data as of Oct 28, 2026. https://etfiq.com/compare/any/spsb-vs-ustb

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