ULSTvsSBILETF Comparison
VS
State Street SPDR Ultra Short Term Bond ETF (ULST) and Simplify Government Money Market ETF (SBIL) belong to the same industry segment: Money Market Bonds. ULST's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, SBIL's top sector exposures are Government Agencies and Sovereign. ULST is more expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.15% for SBIL. ULST is up 2.06% year-to-date (YTD) with -$105M in YTD flows. SBIL performs better with 2.56% YTD performance, and +$193M in YTD flows. Run a side-by-side ETF comparison of ULST and SBIL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
ULST vs SBIL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ULST SBIL | +0.07%+0.29% | +0.71%+0.89% | +2.06%+2.56% | +3.13%+3.71% | +14.87%n/a | +19.67%n/a |
| Flows | ULST SBIL | -$7M-$265M | -$22M-$330M | -$105M+$193M | -$112M+$1.68B | -$55M- | +$75M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ULST SBIL | +0.42%+0.13% | +0.49%+0.12% | +0.63%n/a | +0.59%n/a |
| Max drawdown | ULST SBIL | -0.10%n/a | -0.24%n/a | -0.26%n/a | -1.12%n/a |
| Max drawdown duration | ULST SBIL | 10dn/a | 31dn/a | 10dn/a | 410dn/a |
Trading data
ULST | SBIL | |
Last sale 9/21/2026 at 1:30 PM | $40.29 | $100.26 |
| Previous close 09/18/2026 | $40.27 | $100.24 |
| Consolidated volume 09/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/21/2026 at 1:30 PM
Live
Closed
ULST | SBIL | |
|---|---|---|
| Last price | $40.29 | $100.26 |
| 1D performance | +0.05% | +0.02% |
| AuM | $514.32 M | $4.60 B |
| E/R | 0.2% | 0.15% |
Characteristics
ULST | SBIL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | State Street Investment Management | Simplify |
| Benchmark | - | - |
| N° of holdings | 298 | 125 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 10, 2013 | July 14, 2025 |
| ESG | No | No |
Advertisement
Exposure
Countries
ULST
USA
75.07%
Other
24.93%
SBIL
USA
70.59%
Other
29.41%
Sectors
ULST
Sovereign
33.27%
Finance
30.68%
Other
36.05%
SBIL
Government Agenci.
45.9%
Sovereign
24.69%
Other
29.41%
Advertisement
Diversification
ULST
Total weight of top 15 holdings out of 15
47.77%
SBIL
Total weight of top 15 holdings out of 15
25.05%
Top 15 holdings
Data as of July 31, 2026
ULST
USA, Notes 4.125% 28feb2027, USD (AY-2027)
12.28%
USA, Bills 0% 1sep2026, USD (119D)
9.45%
USA, Bills 0% 15sep2026, USD (119D)
4.72%
USA, Notes 3.625% 31aug2027, USD (BG-2027)
3.44%
USA, Notes 4% 30jun2028, USD (AA-2028)
3.27%
Athene Global Funding, 2.95% 12nov2026, USD
2.69%
Toronto-Dominion Bank, 4.568% 17dec2026, USD (C)
1.88%
Athene Global Funding, 4.83% 9may2028, USD (2025-13)
1.51%
Truist Bank, 3.8% 30oct2026, USD (J)
1.50%
Microsoft, 3.4% 15sep2026, USD
1.37%
Chevron Phillips Chemical, 3.4% 1dec2026, USD
1.26%
Charles Schwab, 5.875% 24aug2026, USD
1.16%
Morgan Stanley, 5.652% 13apr2028, USD (I)
1.15%
Carnival Corp, 4% 1aug2028, USD
1.11%
Huntington National Bank, 5.65% 10jan2030, USD
0.97%
SBIL
Freddie Mac, FRN 22sep2027, USD
2.90%
USA, Notes FRN 31jul2026, USD (BF-2026)
2.52%
USA, Notes FRN 31jul2027, USD (BF-2027)
2.02%
FHLB, 0% 7aug2026, USD (365D)
2.01%
FHLB, 0% 21aug2026, USD (365D)
2.01%
FHLB, 0% 27aug2026, USD (365D)
2.01%
FHLB, 0% 3sep2026, USD (365D)
1.61%
USA, Notes FRN 31oct2027, USD (BK-2027)
1.41%
FHLB, 0% 28aug2026, USD (365D)
1.41%
USA, Bills 0% 8oct2026, USD (182D)
1.40%
USA, Notes FRN 30apr2027, USD (BB-2027)
1.27%
US313313F450
1.20%
US313589C353
1.13%
US313589B447
1.09%
FHLB, 0% 31jul2026, USD (365D)
1.06%
Frequently asked questions about ULST and SBIL
How have the ULST and SBIL ETFs performed in 2026?
As of September 18, 2026, ULST is up 2.06% year-to-date (YTD), while SBIL has returned 2.56%. That puts SBIL better performer ahead so far this year.
Which ETF is attracting more investor money: ULST or SBIL?
Year-to-date, the ULST ETF saw -$105M in flows, compared to +$193M for SBIL.
Which ETF is more volatile: ULST or SBIL?
Over the past year, ULST had a volatility of 0.49%, while SBIL experienced 0.12%.
Which ETF is bigger: ULST or SBIL?
As of September 18, 2026, ULST holds $514.32 M in assets under management (AUM), while SBIL manages $4.60 B.
What sectors do the ULST and SBIL ETFs invest in?
ULST leans toward sectors like Sovereign and Finance. Meanwhile, SBIL focuses on Government Agencies and Sovereign.
What are the top holdings of the ULST ETF and SBIL ETF?
ULST top holdings include USA, Notes 4.125% 28feb2027, USD (AY-2027), USA, Bills 0% 1sep2026, USD (119D) and USA, Bills 0% 15sep2026, USD (119D). SBIL holds in its top three: Freddie Mac, FRN 22sep2027, USD, USA, Notes FRN 31jul2026, USD (BF-2026) and USA, Notes FRN 31jul2027, USD (BF-2027).
Which ETF is more diversified: ULST or SBIL?
ULST holds 303 securities with 47.77% of its assets in the top 15. SBIL has 167 securities and a top 15 weight of 25.05%.
Advertisement
Advertisement
