Home / Fixed Income: U.S. - Government, Treasury Investment Grade Ultra-Short Term

Fixed Income: U.S. - Government, Treasury Investment Grade Ultra-Short Term

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IBTE Top Performer Intra-day
Price $24.01
Today’s Change 0.04%
4:00pm 03/31/2023
OBIL Bottom Performer Intra-day
Price $50.32
Today’s Change -0.04%
4:00pm 03/31/2023

ETF.com Insight

With 14 ETFs and over $78.47B 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 NEOS Enhanced Income Cash Alternative ETF (CSHI), with a total return of 1.70%. Meanwhile, the most popular ETF is the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) with $30.13BB in assets under management.

Investors should take a look at the iShares 0-3 Month Treasury Bond ETF (SGOV). This fund has been chosen as an Analyst Pick by FactSet, thus is the best ETF for the average investor. SGOV tracks a market-value weighted index of US Treasurys maturing in less than or equal to three months. SGOV has an expense ratio of 0.05% and tracks the ICE 0-3 Month US Treasury Securities Index.

Performance Dispersion

ETF.com Efficiency Insight

The average efficiency score in the Fixed Income: U.S. - Government, Treasury Investment Grade Ultra-Short Term segment is 90 out of 100, with the SPDR Bloomberg 1-3 Month T-Bill ETF(BIL) obtaining the highest rating of 94 out of 100.

Costs dominate the discussion around efficiency. ETFs in the segment have an average expense ratio of 0.12% per year, with the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) having the lowest expense ratio, charging investors 0.03% yearly.

Investors should look for funds with tight tracking, such as the iShares Short Treasury Bond ETF (SHV), with a 12-month median tracking difference of -0.16%.

Tracking Difference (12 Month)

ETF.com Tradability Insight

The average tradability score in the Fixed Income: U.S. - Government, Treasury Investment Grade Ultra-Short Term segment is 98 out of 100, with the Goldman Sachs Access Treasury 0-1 Year ETF(GBIL) obtaining the highest rating of 100 out of 100.

The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is the undisputed segment leader when it comes to liquidity. The fund trades 723.30M in daily average volume. Investors should also find ample liquidity in the iShares Short Treasury Bond ETF (SHV), with $411.29M in daily dollar volume.

Use limit orders to trade funds such as the NEOS Enhanced Income Cash Alternative ETF(CSHI), due to their double-digit market spreads.

ETF.com/ Block Liquidity

This measurement shows how easy it is to trade 25,000 shares of each ETF.

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.

Index Methodology