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UTWOvsVGSHETF Comparison

ETF 1

UTWO

F/m US Treasury 2 Year Note ETF

This fund is part of

US Government Bonds

-0.27%

Full UTWO fund page

VS

ETF 2

VGSH

Vanguard Short-Term Treasury ETF

This fund is part of

US Government Bonds

-0.27%

Full VGSH fund page

F/m US Treasury 2 Year Note ETF (UTWO) and Vanguard Short-Term Treasury ETF (VGSH) belong to the same industry segment: US Government Bonds. In contrast, VGSH's top sector exposures are Sovereign. UTWO is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.03% for VGSH. UTWO is up 0.67% year-to-date (YTD) with +$131M in YTD flows. VGSH performs better with 0.9% YTD performance, and +$10.73B in YTD flows. Run a side-by-side ETF comparison of UTWO and VGSH 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 VGSH 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 10/19/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	UTWO VGSH	+0.36%+0.33%	+0.07%+0.14%	+0.67%+0.90%	+1.27%+1.53%	+12.03%+13.07%	n/a+10.13%
Flows	UTWO VGSH	+$23M+$1.08B	+$37M+$6.28B	+$131M+$10.73B	+$137M+$13.04B	+$206M+$13.72B	-+$23.26B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	UTWO VGSH	+1.39%+1.34%	+1.31%+1.28%	+1.63%+1.55%	n/a+1.96%
Max drawdown	UTWO VGSH	-0.96%-0.92%	-0.96%-0.92%	-1.06%-0.96%	n/a-5.46%
Max drawdown duration	UTWO VGSH	55d55d	55d55d	128d122d	n/a795d

Trading data

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	UTWO	VGSH
Last sale 10/20/2026 at 1:30 PM	$47.55	$57.64
Previous close 10/19/2026	$47.55	$57.64
Consolidated volume 10/19/2026
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	VGSH
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/20/2026 at 1:30 PM

Live

Closed

	UTWO	VGSH
Last price	$47.55	$57.64
1D performance	+0.00%	+0.00%
AuM	$515.13 M	$35.94 B
E/R	0.15%	0.03%

Characteristics

	UTWO	VGSH
Management strategy	Passive	Passive
Provider	F/m Investments	Vanguard
Benchmark	Bloomberg US Treasury Bellwether 2Y Index	Bloomberg US Treasury 1-3 Year Index
N° of holdings	-	91
Asset class	-	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	August 9, 2022	November 19, 2009
ESG	No	No

More UTWO data on Trackinsight

More VGSH data on Trackinsight

Exposure

Countries

UTWO

Data will be available soon

VGSH

USA

97.29%

Other

2.71%

Sectors

UTWO

Data will be available soon

VGSH

Sovereign

97.29%

Other

2.71%

Diversification

UTWO

Data will be available soon

VGSH

Total weight of top 15 holdings out of 15

20.56%

Top 15 holdings

Data as of January 1, 1970

UTWO

Data will be available soon

VGSH

USA, Notes 3.5% 31jan2028, USD (U-2028)

2.05%

USA, Notes 4.625% 30apr2029, USD (Y-2029)

1.43%

USA, Notes 4% 31jul2029, USD (AB-2029)

1.39%

USA, Notes 3.875% 15jul2028, USD (AQ-2028)

1.36%

USA, Notes 4.25% 30jun2029, USD (AA-2029)

1.35%

USA, Notes 4.5% 31may2029, USD (Z-2029)

1.34%

USA, Notes 3.625% 31aug2029, USD (AC-2029)

1.33%

USA, Notes 1.125% 29feb2028, USD (H-2028)

1.32%

USA, Notes 4.25% 28feb2029, USD (V-2029)

1.31%

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

1.31%

USA, Notes 4.25% 15jan2028, USD (AJ-2028)

1.29%

USA, Notes 3.5% 31oct2027, USD (BJ-2027)

1.28%

USA, Notes 3.375% 29feb2028, USD (AY-2028)

1.28%

USA, Notes 2.875% 15aug2028, USD (E-2028)

1.27%

USA, Notes 1.25% 30apr2028, USD (K-2028)

1.26%

Frequently asked questions about UTWO and VGSH

UTWOvsVGSHETF Comparison

F/m US Treasury 2 Year Note ETF

Vanguard Short-Term Treasury ETF

UTWO vs VGSH performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the UTWO and VGSH ETFs performed in 2026?

As of October 19, 2026, UTWO is up 0.67% year-to-date (YTD), while VGSH has returned 0.9%. That puts VGSH better performer ahead so far this year.

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

Year-to-date, the UTWO ETF saw +$131M in flows, compared to +$10.73B for VGSH.

Which ETF is more volatile: UTWO or VGSH?

Over the past year, UTWO had a volatility of 1.31%, while VGSH experienced 1.28%.

Which ETF is bigger: UTWO or VGSH?

As of October 19, 2026, UTWO holds $515.13 M in assets under management (AUM), while VGSH manages $35.94 B.

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