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UTWOvsGOVTETF Comparison

ETF 1

UTWO

F/m US Treasury 2 Year Note ETF

This fund is part of

US Government Bonds

+0.07%

Full UTWO fund page

VS

ETF 2

GOVT

iShares U.S. Treasury Bond ETF

This fund is part of

US Government Bonds

+0.07%

Full GOVT fund page

F/m US Treasury 2 Year Note ETF (UTWO) and iShares U.S. Treasury Bond ETF (GOVT) belong to the same industry segment: US Government Bonds. In contrast, GOVT's top sector exposures are Sovereign and Non-Corporate. UTWO is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.05% for GOVT. UTWO is up 0.74% year-to-date (YTD) with +$131M in YTD flows. GOVT performs worse with -1.41% YTD performance, and +$10.59B in YTD flows. Run a side-by-side ETF comparison of UTWO and GOVT 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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UTWO vs GOVT performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	UTWO GOVT	+0.46%+0.16%	+0.09%-1.39%	+0.74%-1.41%	+1.31%-1.80%	+12.03%+11.75%	n/a-3.89%
Flows	UTWO GOVT	+$29M+$926M	+$37M-$389M	+$131M+$10.59B	+$140M+$14.11B	+$206M+$19.43B	-+$31.18B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	UTWO GOVT	+1.38%+3.83%	+1.31%+3.56%	+1.63%+4.67%	n/a+5.68%
Max drawdown	UTWO GOVT	-0.96%-2.85%	-0.96%-4.44%	-1.06%-4.87%	n/a-16.15%
Max drawdown duration	UTWO GOVT	52d52d	52d229d	128d318d	n/a1776d

Trading data

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	UTWO	GOVT
Last sale 10/16/2026 at 1:30 PM	$47.59	$22.08
Previous close 10/15/2026	$47.53	$22.05
Consolidated volume 10/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 2026

1-year trailing difference

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	UTWO	GOVT
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/16/2026 at 1:30 PM

Live

Closed

	UTWO	GOVT
Last price	$47.59	$22.08
1D performance	+0.12%	+0.14%
AuM	$515.52 M	$42.35 B
E/R	0.15%	0.05%

Characteristics

	UTWO	GOVT
Management strategy	Passive	Passive
Provider	F/m Investments	iShares
Benchmark	Bloomberg US Treasury Bellwether 2Y Index	ICE US Treasury Core Bond Index
N° of holdings	-	218
Asset class	-	Bonds
Trailing 12m distribution yield	Join	Join
Inception date	August 9, 2022	February 14, 2012
ESG	No	No

More UTWO data on Trackinsight

More GOVT data on Trackinsight

Exposure

Countries

UTWO

Data will be available soon

GOVT

USA

99.58%

Other

0.42%

Sectors

UTWO

Data will be available soon

GOVT

Sovereign

98.85%

Other

1.15%

Diversification

UTWO

Data will be available soon

GOVT

Total weight of top 15 holdings out of 15

26.71%

Top 15 holdings

Data as of January 1, 1970

UTWO

Data will be available soon

GOVT

USA, Notes 1.375% 15nov2031, USD (F-2031)

5.28%

USA, Notes 2.625% 15feb2029, USD (B-2029)

2.96%

USA, Notes 3.125% 15nov2028, USD (F-2028)

2.10%

USA, Notes 2.75% 15feb2028, USD (B-2028)

1.93%

USA, Notes 2.875% 15may2028, USD (C-2028)

1.63%

USA, Bonds 2.5% 15may2046, USD

1.51%

USA, Bonds 2.75% 15nov2042, USD

1.49%

USA, Bonds 6.125% 15nov2027, USD

1.40%

USA, Bonds 3.75% 15nov2043, USD

1.39%

USA, Notes 2.25% 15nov2027, USD (F-2027)

1.37%

USA, Bonds 1.875% 15feb2051, USD

1.34%

USA, Notes 4% 31may2028, USD (BC-2028)

1.21%

USA, Notes 2.375% 15may2029, USD (C-2029)

1.08%

USA, Notes 4% 31may2030, USD (Z-2030)

1.02%

USA, Notes 3.875% 31mar2028, USD (AZ-2028)

0.99%

Frequently asked questions about UTWO and GOVT

UTWOvsGOVTETF Comparison

F/m US Treasury 2 Year Note ETF

iShares U.S. Treasury Bond ETF

UTWO vs GOVT performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the UTWO and GOVT ETFs performed in 2026?

As of October 16, 2026, UTWO is up 0.74% year-to-date (YTD), while GOVT has lost -1.41%. That puts UTWO better performer ahead so far this year.

Which ETF is attracting more investor money: UTWO or GOVT?

Year-to-date, the UTWO ETF saw +$131M in flows, compared to +$10.59B for GOVT.

Which ETF is more volatile: UTWO or GOVT?

Over the past year, UTWO had a volatility of 1.31%, while GOVT experienced 3.56%.

Which ETF is bigger: UTWO or GOVT?

As of October 16, 2026, UTWO holds $515.52 M in assets under management (AUM), while GOVT manages $42.35 B.

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