ULSTvsBSVETF Comparison
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State Street SPDR Ultra Short Term Bond ETF (ULST) belongs to the Money Market Bonds segment. Vanguard Short-Term Bond ETF (BSV) is part of the US Government Bonds segment. ULST's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, BSV's top sector exposures are Sovereign, Finance and Technology. ULST is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.03% for BSV. ULST is up 2.56% year-to-date (YTD) with -$104M in YTD flows. BSV performs worse with 0.75% YTD performance, and +$5.50B in YTD flows. Run a side-by-side ETF comparison of ULST and BSV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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ULST vs BSV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ULST BSV | +0.40%+1.02% | +0.78%+0.19% | +2.56%+0.75% | +3.20%+1.52% | +14.57%+13.65% | +20.31%+9.47% |
| Flows | ULST BSV | +$9M+$1.05B | -$10M+$1.61B | -$104M+$5.50B | -$124M+$8.82B | -$110M+$14.05B | +$50M+$6.85B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ULST BSV | +0.46%+2.12% | +0.49%+1.86% | +0.62%+2.20% | +0.60%+2.76% |
| Max drawdown | ULST BSV | -0.12%-1.46% | -0.24%-1.46% | -0.26%-1.49% | -1.10%-7.94% |
| Max drawdown duration | ULST BSV | 23d70d | 31d70d | 10d150d | 375d976d |
Trading data
ULST | BSV | |
Last sale 11/4/2026 at 2:30 PM | $40.21 | $76.87 |
| Previous close 11/03/2026 | $40.18 | $76.75 |
| Consolidated volume 11/03/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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ULST
is actively managed and doesn’t replicate an indexULST | BSV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/4/2026 at 2:30 PM
Live
Closed
ULST | BSV | |
|---|---|---|
| Last price | $40.21 | $76.87 |
| 1D performance | +0.07% | +0.16% |
| AuM | $514.30 M | $46.71 B |
| E/R | 0.2% | 0.03% |
Characteristics
ULST | BSV | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | State Street Investment Management | Vanguard |
| Benchmark | - | Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index |
| N° of holdings | 274 | 3019 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 10, 2013 | April 3, 2007 |
| ESG | No | No |
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Exposure
Countries
ULST
USA
75.84%
Other
24.16%
BSV
USA
85.03%
Other
14.97%
Sectors
ULST
Sovereign
33.65%
Finance
30.64%
Other
35.71%
BSV
Sovereign
64.71%
Finance
14.42%
Other
20.88%
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Diversification
ULST
Total weight of top 15 holdings out of 15
48.07%
BSV
Total weight of top 15 holdings out of 15
13.42%
Top 15 holdings
Data as of September 30, 2026
ULST
USA, Notes 4.125% 28feb2027, USD (AY-2027)
12.77%
USA, Bills 0% 6oct2026, USD (119D)
7.90%
USA, Bills 0% 13oct2026, USD (119D)
5.92%
USA, Notes 3.625% 31aug2027, USD (BG-2027)
3.57%
USA, Notes 4% 30jun2028, USD (AA-2028)
3.38%
Athene Global Funding, 2.95% 12nov2026, USD
2.81%
Toronto-Dominion Bank, 4.568% 17dec2026, USD (C)
1.96%
Athene Global Funding, 4.83% 9may2028, USD (2025-13)
1.56%
Chevron Phillips Chemical, 3.4% 1dec2026, USD
1.31%
Oracle, 2.3% 25mar2028, USD
1.30%
US30192CAA62
1.28%
Morgan Stanley, 5.652% 13apr2028, USD (I)
1.19%
Carnival Corp, 4% 1aug2028, USD
1.15%
Banco Santander, 5.294% 18aug2027, USD (162)
0.99%
National Rural Utilities Cooperative Finance, 5.6% 13nov2026, USD (D)
0.99%
BSV
US91282CRK98
1.70%
US91282CRN38
1.32%
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.09%
USA, Notes 3.375% 31dec2027, USD (BM-2027)
0.86%
USA, Notes 4% 28feb2030, USD (H-2030)
0.86%
US91282CRP85
0.84%
USA, Notes 4.125% 30jun2028, USD (BD-2028)
0.83%
USA, Notes 0.875% 15nov2030, USD (F-2030)
0.78%
USA, Notes 3.875% 31mar2028, USD (AZ-2028)
0.77%
USA, Notes 4.375% 31jul2031, USD (AB-2031)
0.77%
USA, Notes 4.125% 31may2031, USD (Z-2031)
0.73%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
0.73%
USA, Notes 0.625% 15aug2030, USD (E-2030)
0.72%
USA, Notes 1.125% 15feb2031, USD (B-2031)
0.72%
USA, Notes 4.375% 31dec2029, USD (AH-2029)
0.71%
Frequently asked questions about ULST and BSV
How have the ULST and BSV ETFs performed in 2026?
As of November 3, 2026, ULST is up 2.56% year-to-date (YTD), while BSV has returned 0.75%. That puts ULST better performer ahead so far this year.
Which ETF is attracting more investor money: ULST or BSV?
Year-to-date, the ULST ETF saw -$104M in flows, compared to +$5.50B for BSV.
Which ETF is more volatile: ULST or BSV?
Over the past year, ULST had a volatility of 0.49%, while BSV experienced 1.86%.
Which ETF is bigger: ULST or BSV?
As of November 3, 2026, ULST holds $514.30 M in assets under management (AUM), while BSV manages $46.71 B.
What sectors do the ULST and BSV ETFs invest in?
ULST leans toward sectors like Sovereign and Finance. Meanwhile, BSV focuses on Sovereign and Finance.
What are the top holdings of the ULST ETF and BSV ETF?
ULST top holdings include USA, Notes 4.125% 28feb2027, USD (AY-2027), USA, Bills 0% 6oct2026, USD (119D) and USA, Bills 0% 13oct2026, USD (119D). BSV holds in its top three: US91282CRK98, US91282CRN38 and USA, Notes 3.5% 31jan2028, USD (U-2028).
Which ETF is more diversified: ULST or BSV?
ULST holds 283 securities with 48.07% of its assets in the top 15. BSV has 3154 securities and a top 15 weight of 13.42%.
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