Vanguard Ultra-Short Bond ETF

Vanguard Ultra-Short Bond ETF

About

Vanguard Ultra-Short Bond ETF (US92203C3034) is a US-listed bond ETF tracking the Bloomberg US Treas Bellwether:1Yr. With a expense ratio of 0.1%, it ranks among the lowest-cost options in its category, paying distributions. The fund holds 506 positions across 20 regions with 8.8B in assets, with heavy concentration — 38% in corporate bonds.

ISIN
Fund Size $8.8B
Issuer Vanguard
Distribution Pays Distributions
Replication —
Inception Apr 2021
Base Currency USD
Index Bloomberg US Treas Bellwether:1Yr
Asset Class Bonds
Category Us Bond

Costs

8.9
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
Expense Ratio0.00%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%

Holdings

This fund invests into 506 individual investments.
#1
TREASURY BILL
5.21%
#2
United States Treasury Note/Bond
0.72%
#3
PNC FINANCIAL SERVICES (FXD-FRN)
0.63%
#4
US Bancorp
0.54%
#5
Truist Bank
0.48%
#6
US96043GAG64
0.47%
#7
Tyson Foods Inc
0.46%
#8
UBS GROUP AG 144A
0.44%
#9
BANK OF MONTR FRN Sep28
0.43%
#10
US74990LAA89
0.43%

Sectors

Allocation by industry sector.

Regions

Geographic allocation by country of risk.

Nerd Stuff

Advanced risk and return metrics (2023-06-30 — 2026-06-18).
3.4%
Volatility
-0.8%
Max Drawdown
1.17
Sharpe Ratio
1.81
Sortino Ratio
5.06
Calmar Ratio
0.14
Beta
-5.95%
Alpha (Jensen's)
0.081
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

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