UTWO Performance — US Treasury 2 Year Note ETF
Data updated: 2026-07-28
UTWO returned +0.47% year to date and +3.15% over one year to May 2026. The annualised 3-year return is +3.76%. The fund trailed its Short-Term Government Bond category average: $100 invested three years ago grew to $112, against $115 for the category, and to $103 over one year, against $104. Volatility over the past three years was 1.63% a year. In the 12 months to May 2026 the fund took in a net $60.2M, and assets reached $438.51M.
UTWO Growth of $100
What $100 invested in US Treasury 2 Year Note ETF grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Government Bond category average over the same months.
| Period | UTWO | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $103 | $104 |
| 3 years (Jun 2023 – May 2026) | $112 | $115 |
| Since data start (Aug 2022 – May 2026) | $112 | $114 |
UTWO Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +0.47% |
| 1 year | +3.15% |
| 3 years (annualised) | +3.76% |
UTWO Annual Returns
Calendar-year total returns of US Treasury 2 Year Note ETF, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +0.47% |
| 2025 | +4.82% |
| 2024 | +3.69% |
| 2023 | +3.47% |
| 2022 (Aug–Dec) | −0.93% |
UTWO Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.2% | +0.5% | −0.5% | +0.1% | +0.1% | — | — | — | — | — | — | — |
| 2025 | +0.4% | +0.7% | +0.4% | +0.8% | −0.3% | +0.6% | −0.1% | +0.9% | +0.3% | +0.3% | +0.4% | +0.3% |
| 2024 | +0.4% | −0.4% | +0.3% | −0.4% | +0.7% | +0.6% | +1.1% | +0.9% | +0.8% | −0.7% | +0.3% | +0.2% |
| 2023 | +0.7% | −0.9% | +1.7% | +0.2% | −0.5% | −0.6% | +0.3% | +0.4% | −0.1% | +0.3% | +1.0% | +1.1% |
| 2022 | — | — | — | — | — | — | — | −0.2% | −1.1% | −0.2% | +0.5% | +0.1% |
UTWO Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 1.63%
- 3-year Sharpe ratio: -0.45 (vs 4.5% risk-free rate)
- Best month: +1.15% (Jul 2024)
- Worst month: −0.66% (Oct 2024)
UTWO Fund Flows
Monthly money in and out of US Treasury 2 Year Note ETF, from SEC Form N-PORT.
- 12-month net flow: $60.2M
- 12-month gross sales (incl. reinvestments): $93.6M
- Sales ÷ redemptions: 2.80×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $0 | $3.4M | −$3.4M |
| Apr 2026 | $9.2M | $0 | $9.2M |
| Mar 2026 | $25.6M | $0 | $25.6M |
| Feb 2026 | $7.8M | $0 | $7.8M |
| Jan 2026 | $13.1M | $2.9M | $10.2M |
| Dec 2025 | $12.2M | $9.2M | $2.9M |
| Nov 2025 | $2.4M | $486K | $1.9M |
| Oct 2025 | $5.4M | $3.4M | $2.0M |
| Sep 2025 | $10.2M | $0 | $10.2M |
| Aug 2025 | $968K | $0 | $968K |
| Jul 2025 | $1.9M | $6.3M | −$4.3M |
| Jun 2025 | $4.8M | $7.7M | −$2.9M |
UTWO Assets Under Management
Net assets of US Treasury 2 Year Note ETF by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $438.51M |
| 2026-02-28 | $411.85M |
| 2025-11-30 | $391.30M |
| 2025-08-31 | $376.57M |
| 2025-05-31 | $381.39M |
| 2025-02-28 | $379.97M |
| 2024-11-30 | $444.10M |
| 2024-08-31 | $452.47M |
| 2024-05-31 | $365.62M |
| 2024-02-29 | $357.87M |
| 2023-11-30 | $365.03M |
| 2023-08-31 | $305.34M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.