USTB vs ULTB - Compare ETFs side by side

At a glance

Comparing USTB and ULTB. USTB has the lower management fee at 0.19% a year, USTB has the higher 1 year return at -3% a year, and USTB offers the higher at 6.35%.

Lower fee

USTB 0.19% p.a.

Higher 1 year return

USTB -3% p.a.

Higher yield

USTB 6.35%

Larger fund

USTB $449m

Side-by-side comparison

Metric	USTB Global X US Treasury Bond ETF (Currency Hedged)	ULTB iShares 20+ Year U.S. Treasury Bond (AUD Hedged) ETF
Snapshot
Provider	Global X	iShares
Tracks index	—	—
Categories	Bonds, Intl	Bonds, Intl
Listed since	—	—
Fund size (AUM)	$449m	$2m
Cost & income
Management fee	0.19%	0.22%
Dividend yield	6.35%	5.06%
Franking	0%	0%
Turnover	—	—
Tax drag	2.03%	1.62%
Returns	Tax bracket - adjusts tax drag & net returns
1-year return	-3% net	-8.8% net
3-year return	2.1% net	—
5-year return	—	—
10-year return	—	—
Risk
Volatility (3y)	5.8%	—
Volatility (5y)	—	—
Volatility (10y)	—	—
Sharpe ratio (3y)	—	—
Sharpe ratio (5y)	—	—
Sharpe ratio (10y)	—	—
Bid/ask spread	—	—

marks the strongest fund in each row. “net” shows the after-tax return at your selected bracket. “—” means we don’t have that data point yet.

Each fund at a glance

USTB Global X US Treasury Bond ETF (Currency Hedged)

Low-cost: a 0.19% management fee keeps more of the return in your pocket.
High 6.35% income yield — good for investors who want regular cash flow.

Has lagged most peers over 3 years (225th of 236).

Full USTB analysis →

ULTB iShares 20+ Year U.S. Treasury Bond (AUD Hedged) ETF

Low-cost: a 0.22% management fee keeps more of the return in your pocket.
Pays a useful 5.06% income yield.

Cheaper alternatives exist: IUSG and USTB.

Full ULTB analysis →

Frequently Asked Questions

What's the difference between USTB vs ULTB?

USTB and ULTB are 2 Australian-listed ETFs we compare side by side. USTB carries the lower management fee (0.19%). Over 1 year, USTB has delivered the higher total return (-3% a year). The table above breaks down fees, returns, income and risk for each.

Which has the lower fees - USTB vs ULTB?

USTB has the lower management fee at 0.19% a year, versus ULTB 0.22%.

Which has performed higher - USTB vs ULTB?

Over the past 1 year, USTB has delivered the higher total return at -3% a year. Past performance is not a reliable indicator of future returns.

Which pays the higher dividend yield?

USTB pays the higher at 6.35%. Remember distributions are taxed each year at your marginal rate.

Which is the larger and most liquid?

USTB is the larger fund by assets ($449m). Larger funds are typically more liquid and trade on tighter spreads.

Related comparisons

USTB vs GGOV USTB vs US10 USTB vs IUSG USTB vs BBFD USTB vs GGFD USTB vs TBIL ULTB vs GGOV ULTB vs US10

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General information only, generated from each fund's published data — not personal financial advice. Past performance is not a reliable indicator of future returns. Consider your own circumstances or seek licensed advice before investing.