Vanguard Ultra-Short Treasury ETF

Vanguard Ultra-Short Treasury ETF

About

Vanguard Ultra-Short Treasury ETF (US9220408523) is a US-listed bond ETF tracking the Bloomberg Short Treasury Index. With a expense ratio of 0.07%, it ranks among the lowest-cost options in its category, paying distributions. The fund holds 90 positions across 1 region with 991M in assets, with heavy concentration — 100% in United States, 64% in cash & equivalents.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database.
Component Score Details
Overall 6.7 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 9.2 Tracking Difference: 9.1 · TD Consistency: — · Expense Ratio: 9.4
Diversification (45%) 4.2 Holding Count: 3.4 · Country Concentration: 4.8 · Sector Concentration: 3.8
Liquidity (25%) 8.1 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker VGUS
ISIN
Fund Size $991.3M
Issuer Vanguard
Distribution Pays Distributions
Replication Physical
Inception Feb 2025
Base Currency USD
Index Bloomberg Short Treasury Index
Asset Class Bonds
Category Us Bond

Costs

9.2
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%
 
Metric Value
Expense Ratio 0.07%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month +0.00%
3 Months +0.00%
6 Months +0.00%
1 Year +0.00%
3 Years —
5 Years —
10 Years —
YTD +0.00%
Since Inception +0.01%

Holdings

3.4
With only 90 individual holdings, this fund is relatively concentrated compared to other ETFs.
#1
United States Treasury Bill
3.82%
#2
United States Treasury Bill
3.31%
#3
United States Treasury Bill
3.24%
#4
United States Treasury Bill
2.61%
#5
United States Treasury Bill
2.61%
#6
United States Treasury Bill
2.58%
#7
United States Treasury Bill
2.56%
#8
United States Treasury Bill
2.53%
#9
United States Treasury Bill
2.50%
#10
United States Treasury Bill
2.50%
View all holdings (50)
# Holding Ticker Weight
1 United States Treasury Bill 382.00%
2 United States Treasury Bill 331.00%
3 United States Treasury Bill 324.00%
4 United States Treasury Bill 261.00%
5 United States Treasury Bill 261.00%
6 United States Treasury Bill 258.00%
7 United States Treasury Bill 256.00%
8 United States Treasury Bill 253.00%
9 United States Treasury Bill 250.00%
10 United States Treasury Bill 250.00%
11 United States Treasury Bill 227.00%
12 United States Treasury Bill 222.00%
13 United States Treasury Bill 197.00%
14 United States Treasury Bill 196.00%
15 United States Treasury Bill 195.00%
16 United States Treasury Note/Bond TNOTE 120.00%
17 United States Treasury Bill 120.00%
18 United States Treasury Bill 118.00%
19 United States Treasury Bill 118.00%
20 United States Treasury Bill 118.00%
21 United States Treasury Bill 118.00%
22 United States Treasury Bill 118.00%
23 United States Treasury Bill 118.00%
24 United States Treasury Note/Bond 115.00%
25 United States Treasury Bill 115.00%
26 United States Treasury Note/Bond 111.00%
27 United States Treasury Note/Bond 109.00%
28 United States Treasury Note/Bond 109.00%
29 United States Treasury Bill 108.00%
30 United States Treasury Bill 107.00%
31 United States Treasury Note/Bond 107.00%
32 United States Treasury Note/Bond 107.00%
33 United States Treasury Bill 106.00%
34 United States Treasury Bill 106.00%
35 United States Treasury Bill 106.00%
36 United States Treasury Note/Bond 106.00%
37 United States Treasury Bill 105.00%
38 United States Treasury Bill 105.00%
39 United States Treasury Note/Bond 104.00%
40 United States Treasury Note/Bond 100.00%
41 United States Treasury Bill 100.00%
42 United States Treasury Note/Bond 99.00%
43 United States Treasury Note/Bond 96.00%
44 United States Treasury Bill 94.00%
45 United States Treasury Bill 91.00%
46 United States Treasury Note/Bond TNOTE 90.00%
47 United States Treasury Bill 90.00%
48 United States Treasury Note/Bond TNOTE 88.00%
49 United States Treasury Note/Bond TNOTE 88.00%
50 United States Treasury Note/Bond TNOTE 88.00%

Sectors

3.8
This fund is concentrated in just a few of its 3 sectors, reducing diversification.
 
Sector Weight
Cash & Equivalents 6440.00%
Government Bonds 3548.00%
Unknown 12.00%

Regions

4.8
This fund is concentrated in just 2 countries, with significant geographic concentration.
 
Country Weight
United States 9988.00%
UNKNOWN 12.00%

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