UTWOvsSHYETF Comparison
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F/m US Treasury 2 Year Note ETF (UTWO) and iShares 1-3 Year Treasury Bond ETF (SHY) belong to the same industry segment: US Government Bonds. In contrast, SHY's top sector exposures are Sovereign and Non-Corporate. Both UTWO and SHY have the same Total Expense Ratio (TER) of 0.15%. UTWO is up 0.64% year-to-date (YTD) with +$131M in YTD flows. SHY performs better with 0.79% YTD performance, and +$3.99B in YTD flows. Run a side-by-side ETF comparison of UTWO and SHY 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 SHY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/20/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UTWO SHY | +0.33%+0.31% | +0.05%+0.09% | +0.64%+0.79% | +1.25%+1.40% | +11.78%+12.46% | n/a+9.67% |
| Flows | UTWO SHY | +$23M+$1.06B | +$37M+$1.94B | +$131M+$3.99B | +$137M+$3.41B | +$206M+$381M | -+$8.19B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UTWO SHY | +1.38%+1.32% | +1.31%+1.25% | +1.62%+1.54% | n/a+1.95% |
| Max drawdown | UTWO SHY | -0.96%-0.92% | -0.96%-0.92% | -1.06%-0.97% | n/a-5.41% |
| Max drawdown duration | UTWO SHY | 56d56d | 56d56d | 128d122d | n/a814d |
Trading data
UTWO | SHY | |
Last sale 10/21/2026 at 1:30 PM | $47.53 | $81.29 |
| Previous close 10/20/2026 | $47.55 | $81.30 |
| Consolidated volume 10/20/2026 | ||
| 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 | SHY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/21/2026 at 1:30 PM
Live
Closed
UTWO | SHY | |
|---|---|---|
| Last price | $47.53 | $81.29 |
| 1D performance | -0.04% | -0.01% |
| AuM | $515.01 M | $27.14 B |
| E/R | 0.15% | 0.15% |
Characteristics
UTWO | SHY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | F/m Investments | iShares |
| Benchmark | Bloomberg US Treasury Bellwether 2Y Index | ICE US Treasury 1-3 Year Bond Index |
| N° of holdings | - | 90 |
| Asset class | - | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 9, 2022 | July 22, 2002 |
| ESG | No | No |
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Exposure
Countries
UTWO
Data will be available soon
SHY
USA
97.89%
Other
2.11%
Sectors
UTWO
Data will be available soon
SHY
Sovereign
97.71%
Other
2.29%
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Diversification
UTWO
Data will be available soon
SHY
Total weight of top 15 holdings out of 15
22.74%
Top 15 holdings
Data as of January 1, 1970
UTWO
Data will be available soon
SHY
USA, Notes 1.25% 30apr2028, USD (K-2028)
1.98%
USA, Notes 3.625% 31aug2029, USD (AC-2029)
1.82%
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.72%
USA, Notes 1.25% 30jun2028, USD (M-2028)
1.61%
USA, Notes 4.625% 30apr2029, USD (Y-2029)
1.54%
USA, Notes 4.5% 31may2029, USD (Z-2029)
1.50%
USA, Notes 4.25% 30jun2029, USD (AA-2029)
1.48%
USA, Notes 3.375% 15sep2027, USD (AS-2027)
1.41%
USA, Notes 3.875% 15oct2027, USD (AT-2027)
1.41%
USA, Notes 4.25% 15feb2028, USD (AK-2028)
1.40%
USA, Notes 1.25% 30sep2028, USD (Q-2028)
1.39%
USA, Notes 4.125% 31mar2029, USD (W-2029)
1.38%
USA, Notes 3.625% 15aug2028, USD (AR-2028)
1.37%
USA, Notes 4.125% 15nov2027, USD (AU-2027)
1.37%
USA, Notes 2.875% 15may2028, USD (C-2028)
1.36%
Frequently asked questions about UTWO and SHY
How have the UTWO and SHY ETFs performed in 2026?
As of October 20, 2026, UTWO is up 0.64% year-to-date (YTD), while SHY has returned 0.79%. That puts SHY better performer ahead so far this year.
Which ETF is attracting more investor money: UTWO or SHY?
Year-to-date, the UTWO ETF saw +$131M in flows, compared to +$3.99B for SHY.
Which ETF is more volatile: UTWO or SHY?
Over the past year, UTWO had a volatility of 1.31%, while SHY experienced 1.25%.
Which ETF is bigger: UTWO or SHY?
As of October 20, 2026, UTWO holds $515.01 M in assets under management (AUM), while SHY manages $27.14 B.
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Latest news about UTWO & SHY
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July 13, 2022
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