VictoryShares USAA Core Short-Term Bond ETF (USTB) Performance
USTB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.9% since Dec 31, 2025
- 1 year
- +2.7% total return
- 5 years
- +3.6% a year
- Since first price
- +3.4% a year since 2017
USTB trailing returns vs AGG, TLT, SPY
| Period | USTB total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.6% | +0.1% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.5% | −0.7% | −0.4% | −1.0% | +3.2% |
| 6 months | +1.1% | −1.1% | −1.5% | −3.8% | +7.8% |
| YTD | +1.9% | −1.6% | −1.0% | −3.4% | +12.3% |
| 1 year | +2.7% | −1.8% | −1.1% | −6.9% | +14.4% |
| 3 years | +18.9%+6.0%/yr | +3.1% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +19.5%+3.6%/yr | −3.0% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionOct 26, 2017 | +34.5%+3.4%/yr | −0.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: USTB vs AGG
From Oct 26, 2017: USTB grew to $13,449, AGG to $11,414.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
USTB returns by calendar year
7 of 8 full years positive. Best 2023 (+6.7%), worst 2022 (−2.8%). 2026 is year to date.
USTB annual returns table
| Year | USTB | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.9% | −0.9% | −1.0% | −3.4% | +12.3% |
| 2025 | +6.1% | −0.7% | +7.2% | +4.3% | +17.7% |
| 2024 | +6.5% | −0.7% | +1.3% | −8.1% | +24.9% |
| 2023 | +6.7% | −1.0% | +5.7% | +2.8% | +26.2% |
| 2022 | −2.8% | −4.7% | −13.0% | −31.2% | −18.2% |
| 2021 | +0.9% | −0.5% | −1.8% | −4.6% | +28.7% |
| 2020 | +4.9% | −5.3% | +7.5% | +18.2% | +18.3% |
| 2019 | +5.1% | −0.6% | +8.5% | +14.1% | +31.2% |
| 2018 | +1.1% | −0.8% | +0.1% | −1.6% | −4.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
USTB largest drawdowns
Now 0.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Mar 4, 2020 | −5.3% | Mar 24, 2020 | Jun 5, 2020 | 20 days | 3 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
USTB risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +5.6% | +3.4% | +3.3% |
| Volatility (annualized) | 1.9% | 2.2% | 2.4% |
| Sharpe ratio | 0.61 | -0.10 | 0.33 |
| Sortino ratio | 0.96 | -0.13 | 0.45 |
| Best month | +1.7% | +1.7% | +2.4% |
| Worst month | −0.8% | −1.2% | −3.7% |
| Best 12 months | +9.4% | +9.4% | +9.4% |
| Worst 12 months | +2.3% | −4.4% | −4.4% |
| Positive months | 83% | 68% | 75% |
| Beta vs S&P 500 | 0.08 | 0.08 | — |
| Correlation with S&P 500 | 0.51 | 0.57 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
USTB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 97 | −4.4% | +4.5% | +9.4% | 87% |
| 3-year (a year) | 73 | +0.5% | +3.5% | +6.7% | 100% |
| 5-year (a year) | 49 | +1.5% | +3.1% | +4.0% | 100% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
USTB performance overview
VictoryShares USAA Core Short-Term Bond ETF (USTB) returned +2.7% over the past year and +3.6% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned +3.4% a year, turning $10,000 into about $13,449. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −5.3%, from Mar 4, 2020 to Mar 24, 2020, and it took 2 months to get back to the old high. USTB finished 7 of its 8 full calendar years with a gain; the best year was 2023 (+6.7%) and the worst 2022 (−2.8%). Volatility has been 2.4% a year.
Related: USTB chart, USTB dividends, USTB bond profile. See the USTB overview for the latest quote and fund facts.
USTB performance FAQ
What is the USTB return over the past year?
USTB returned +2.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.8%.
What is the average annual return of USTB?
USTB has returned +3.6% a year over 5 years, +3.4% a year since October 26, 2017 (total return, distributions reinvested).
How much would $10,000 invested in USTB be worth?
$10,000 invested in USTB at its first recorded close on October 26, 2017 would be worth about $13,449 on October 23, 2026 with distributions reinvested.
What was the worst year for USTB?
The worst calendar year was 2022, with a total return of −2.8%. The best was 2023 at +6.7%.
What is the biggest drawdown of USTB?
The largest peak-to-trough decline was −5.3% between March 4, 2020 and March 24, 2020. It recovered to the old high on June 5, 2020, 2 months after the bottom.
How volatile is USTB?
Over the past 3 years USTB had an annualized volatility of 1.9% and a Sharpe ratio of 0.61 (excess return over 1–3 month T-bills per unit of risk).