Data as of Oct 28, 2026.

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USTB vs VSDB: Differences, Returns & Fees

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On Jun 30, 2026 USTB's duration was 1.9 years and VSDB's 2.5; VSDB charges 0.15% to USTB's 0.34%.

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Net assets: $2.2bn on Jun 30, 2026 for VictoryShares Short-Term Bond ETF, and $1.0bn on Sep 30, 2026 for Vanguard Short Duration Bond ETF.

At a glance
+2.7%
USTB total return, 1 year
+1.7%
VSDB total return, 1 year
0.34%
USTB expense ratio
0.15%
VSDB expense ratio

Pair scorecard

VSDB costs 0.19 points a year less; their one-year returns differ by 1.0 point.

USTB vs VSDB: Differences, Returns & Fees
MeasureUSTBVSDB
Return
Total return, 1 year+2.7%+1.7%
Benchmark
What it tracksNo index, actively managedNo index, actively managed
Cost and size
Expense ratio0.34%0.15%
Net assets, USTB as of Jun 30, 2026 and VSDB as of Sep 30, 2026$2.2bn$1.0bn
Holdings
Holdings in common5%

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

Risk and return

Apr 11, 2025 to Oct 23, 2026 · 80 weekly returns
USTB VSDB
Return
Total return edge VSDB (slight) +6.7% +7.1%
Annualized edge VSDB (slight) +4.3% +4.5%
Price return edge VSDB −0.3% +0.5%
Risk
Volatility edge USTB 1.2% 1.8%
Max drawdown edge USTB −0.7% −1.4%
Risk-adjusted
Sharpe edge VSDB 0.23 0.29
Sortino edge VSDB 0.33 0.40
Calmar edge USTB 5.76 3.19
Reading

VSDB returned slightly more: +7.1% to +6.7%. USTB swung less: 1.2% to 1.8%. USTB fell less at its worst: −0.7% to −1.4%.

Full scorecard

9 measures, with how each is measured
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Risk and return: USTB vs VSDB: Differences, Returns & Fees
MeasureUSTBVSDBEdgeHow it is measured
Return
Total return+6.7%+7.1%VSDB (slight)Price change plus distributions, reinvested.
Annualized+4.3%+4.5%VSDB (slight)Total return as a yearly rate.
Price return−0.3%+0.5%VSDBPrice change alone, distributions left out.
Risk
Volatility1.2%1.8%USTBSpread of weekly returns, annualized. Lower is steadier.
Downside deviation0.9%1.3%USTBLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−0.7%−1.4%USTBDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.230.29VSDBReturn above Treasury bills per unit of volatility.
Sortino0.330.40VSDBReturn above Treasury bills per unit of downside deviation.
Calmar5.763.19USTBAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 80 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

5%

By the books each fund has filed, USTB and VSDB 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 USTB VSDB
U S TREASURY NOTE, due Apr 30, 2031 0.66% 0.35%
U S TREASURY NOTE, due Aug 31, 2030 1.57% 0.21%
AUTONATION FINANCE TRUST 2026 1, due Jan 11, 2034 0.19% 0.20%
META PLATFORMS INC, due May 15, 2031 0.18% 0.20%
ORACLE CORP, due Sep 26, 2030 0.17% 0.22%
COREBRIDGE FINANCIAL INC, due Dec 15, 2052 0.14% 0.23%
REGIONS BANK BIRMINGHAM AL, due Jul 27, 2029 0.13% 0.48%
JPMORGAN CHASE CO, due Apr 23, 2030 0.13% 0.30%
TRUIST BANK AUTO CREDIT LINKED NOTES SERIES 2026 1, due Jun 26, 2034 0.13% 0.28%
EBAY INC, due Mar 6, 2029 0.13% 0.12%
SBA COMMUNICATIONS CORP, due Feb 15, 2027 0.12% 0.11%
HEWLETT PACKARD ENTERPRISE CO, due Sep 15, 2028 0.16% 0.10%
Only in one fund ↓
Only in USTB
U S TREASURY NOTE, due Nov 15, 2027 1.75%
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%
U S TREASURY NOTE, due Jun 30, 2028 0.58%
Only in VSDB
US TREASURY N/B, due Nov 30, 2027 1.90%
US TREASURY N/B, due Jun 30, 2029 1.66%
US TREASURY N/B, due Nov 30, 2027 1.55%
US TREASURY N/B, due Dec 31, 2027 1.55%
US TREASURY N/B, due May 31, 2029 1.50%
US TREASURY N/B, due Dec 31, 2027 1.50%
US TREASURY N/B, due Feb 15, 2028 1.23%
TREASURY BILL, due Jun 10, 2027 1.16%
Check overlap with more funds →

Side by side

USTB VictoryShares Short-Term Bond ETF VSDB Vanguard Short Duration Bond ETF
Where it sits Bond ETF Bond ETF
What it is Actively managed Actively managed
Total return, 1 year +2.7% +1.7%
Its benchmark over the same days not measured −1.4% (AGG)
Gap to its benchmark not measured +3.1 pts vs AGG
Expense ratio 0.34% 0.15%
Holdings 1034 1525
Net assets, USTB as of Jun 30, 2026 and VSDB as of Sep 30, 2026 $2.2bn $1.0bn

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

Client brief · page 1 of 2 Report BR-11FE2564CA

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

  1. Holdings in common. 5% of the weight is in the same securities (holdings dated Jun 30, 2026).
  2. Cost. USTB charges 0.34% of assets a year and VSDB 0.15%, a gap of 0.19 points.
  3. What each follows (similar). Both follow No index, actively managed.

Data as of Oct 28, 2026.

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About each fund
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.

VSDB

VSDB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, USTB or VSDB?
In the year to Oct 28, 2026, with distributions reinvested, USTB returned +2.7% and VSDB +1.7%.
Which is cheaper, USTB or VSDB?
VSDB 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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ETFIQ, USTB against VSDB, data as of Oct 28, 2026. https://etfiq.com/compare/any/ustb-vs-vsdb

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