Fixed Income: U.S. - Government, Treasury Investment Grade Ultra-Short Term
With 5 ETFs and over $43.29B in combined AUM, the Fixed Income: U.S. - Government, Treasury Investment Grade Ultra-Short Term segment provides exposure to the U.S. space with a focus on Investment Grade securities.
Year-to-date, the best-performing ETF in the segment is the Invesco Treasury Collateral ETF (CLTL), with a total return of 0.90%. Meanwhile, the most popular ETF is the iShares Short Treasury Bond ETF (SHV) with $22.65BB in assets under management.
Investors should take a look at the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. BIL tracks a market-weighted index of all publicly issued zero-coupon US Treasury bills with a maturity of at least 1 month, but less than 3 months. BIL has an expense ratio of 0.14% and tracks the Bloomberg Barclays 1-3 Month U.S. Treasury Bill Index.
ETF.com Efficiency Insight
The average efficiency score in the Fixed Income: U.S. - Government, Treasury Investment Grade Ultra-Short Term segment is 95 out of 100, with the Invesco Treasury Collateral ETF(CLTL) obtaining the highest rating of 97 out of 100.
Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.11% per year, with the iShares 0-3 Month Treasury Bond ETF (SGOV) having the lowest expense ratio, charging investors 0.07% yearly.
Investors should look for funds with tight tracking, such as the Invesco Treasury Collateral ETF (CLTL), with a 12-month median tracking difference of -0.09%.
ETF.com Tradability Insight
The average tradability score in the Fixed Income: U.S. - Government, Treasury Investment Grade Ultra-Short Term segment is 100 out of 100, with the Goldman Sachs Access Treasury 0-1 Year ETF(GBIL) obtaining the highest rating of 100 out of 100.
The iShares Short Treasury Bond ETF (SHV) is the undisputed segment leader when it comes to liquidity. The fund trades 359.86M in daily average volume. Investors should also find ample liquidity in the SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL), with $322.59M in daily dollar volume.
Use limit orders to trade funds such as the Invesco Treasury Collateral ETF(CLTL), due to their double-digit market spreads.
ETF.com Fit Insight
The Barclays U.S. Short Treasury Index has been selected as the index that most accurately represents the market in question. The benchmark has been selected by the ETF Analytics team at FactSet, according to a series of guidelines to ensure this index accurately captures its market.
Investors trying to match a broad market exposure should pay attention to . This fund obtains a high Fit score and investors should capture market-like returns.
Other funds diverge from the market, by nature of their investment mandates; for example, follows a strategy and obtains a low Fit score compared with our neutral benchmark.