ULSTvsTUAETF Comparison
VS
ETF 2
TUA
Simplify Short Term Treasury Futures Strategy ETF
This fund is part of
US Government Bonds
-0.36%
State Street SPDR Ultra Short Term Bond ETF (ULST) belongs to the Money Market Bonds segment. Simplify Short Term Treasury Futures Strategy ETF (TUA) is part of the US Government Bonds segment. ULST's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, TUA's top sector exposures are Government Agencies and Sovereign. ULST is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.25% for TUA. ULST is up 2.06% year-to-date (YTD) with -$105M in YTD flows. TUA performs worse with -10.27% YTD performance, and -$50M in YTD flows. Run a side-by-side ETF comparison of ULST and TUA 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 TUA 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 TUA | +0.07%-5.39% | +0.71%-4.51% | +2.06%-10.27% | +3.13%-9.90% | +14.87%-0.81% | +19.67%n/a |
| Flows | ULST TUA | -$7M-$69M | -$22M-$155M | -$105M-$50M | -$112M-$25M | -$55M-$7M | +$75M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ULST TUA | +0.42%+7.09% | +0.49%+6.69% | +0.63%+8.73% | +0.59%n/a |
| Max drawdown | ULST TUA | -0.10%-5.62% | -0.24%-11.13% | -0.26%-11.13% | -1.12%n/a |
| Max drawdown duration | ULST TUA | 10d36d | 31d201d | 10d201d | 410dn/a |
Trading data
ULST | TUA | |
Last sale 9/21/2026 at 1:30 PM | $40.29 | $19.33 |
| Previous close 09/18/2026 | $40.27 | $19.28 |
| Consolidated volume 09/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/21/2026 at 1:30 PM
Live
Closed
ULST | TUA | |
|---|---|---|
| Last price | $40.29 | $19.33 |
| 1D performance | +0.05% | +0.26% |
| AuM | $514.32 M | $524.35 M |
| E/R | 0.2% | 0.25% |
Characteristics
ULST | TUA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | State Street Investment Management | Simplify |
| Benchmark | - | - |
| N° of holdings | 298 | 127 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 10, 2013 | November 14, 2022 |
| ESG | No | No |
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Exposure
Countries
ULST
USA
75.07%
Other
24.93%
TUA
USA
73.79%
Other
26.21%
Sectors
ULST
Sovereign
33.27%
Finance
30.68%
Other
36.05%
TUA
Government Agenci.
40.04%
Sovereign
33.75%
Other
26.21%
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Diversification
ULST
Total weight of top 15 holdings out of 15
47.77%
TUA
Total weight of top 15 holdings out of 15
31.37%
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%
TUA
USA, Bills 0% 3dec2026, USD (182D)
5.30%
USA, Bills 0% 31dec2026, USD (182D)
4.34%
Freddie Mac, FRN 22sep2027, USD
2.53%
USA, Notes FRN 31jul2026, USD (BF-2026)
2.20%
USA, Bills 0% 20oct2026, USD (119D)
2.02%
USA, Bills 0% 15oct2026, USD (182D)
1.78%
USA, Notes FRN 31jul2027, USD (BF-2027)
1.76%
FHLB, 0% 7aug2026, USD (365D)
1.76%
FHLB, 0% 21aug2026, USD (365D)
1.75%
FHLB, 0% 27aug2026, USD (365D)
1.75%
FHLB, 0% 3sep2026, USD (365D)
1.40%
USA, Notes FRN 31oct2027, USD (BK-2027)
1.23%
FHLB, 0% 28aug2026, USD (365D)
1.23%
USA, Bills 0% 8oct2026, USD (182D)
1.22%
USA, Notes FRN 30apr2027, USD (BB-2027)
1.11%
Frequently asked questions about ULST and TUA
How have the ULST and TUA ETFs performed in 2026?
As of September 18, 2026, ULST is up 2.06% year-to-date (YTD), while TUA has lost -10.27%. That puts ULST better performer ahead so far this year.
Which ETF is attracting more investor money: ULST or TUA?
Year-to-date, the ULST ETF saw -$105M in flows, compared to -$50M for TUA.
Which ETF is more volatile: ULST or TUA?
Over the past year, ULST had a volatility of 0.49%, while TUA experienced 6.69%.
Which ETF is bigger: ULST or TUA?
As of September 18, 2026, ULST holds $514.32 M in assets under management (AUM), while TUA manages $524.35 M.
What sectors do the ULST and TUA ETFs invest in?
ULST leans toward sectors like Sovereign and Finance. Meanwhile, TUA focuses on Government Agencies and Sovereign.
What are the top holdings of the ULST ETF and TUA 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). TUA holds in its top three: USA, Bills 0% 3dec2026, USD (182D), USA, Bills 0% 31dec2026, USD (182D) and Freddie Mac, FRN 22sep2027, USD.
Which ETF is more diversified: ULST or TUA?
ULST holds 303 securities with 47.77% of its assets in the top 15. TUA has 169 securities and a top 15 weight of 31.37%.
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