US Treasury 7 Year Note ETF (USVN) Performance
USVN total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −2.1% since Dec 31, 2025
- 1 year
- −2.2% total return
- 3 years
- +4.0% a year
- Since first price
- +1.7% a year since 2023
USVN trailing returns vs SPY, QQQ, AGG
| Period | USVN total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.3% | +1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.7% | −1.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −2.3% | −4.2% | +7.8% | +8.4% | −1.5% |
| YTD | −2.1% | −5.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −2.2% | −5.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +12.5%+4.0%/yr | −0.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMar 28, 2023 | +6.1%+1.7%/yr | −7.5% | — | — | — |
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: USVN vs SPY
From Mar 28, 2023: USVN grew to $10,611, SPY to $20,064.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
USVN returns by calendar year
2 of 2 full years positive. Best 2025 (+7.7%), worst 2024 (+0.0%). 2026 is year to date.
USVN annual returns table
| Year | USVN | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −2.1% | −6.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.7% | −2.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +0.0% | −5.1% | +24.9% | +25.6% | +1.3% |
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.
USVN risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +2.9% | +1.0% |
| Volatility (annualized) | 5.7% | 5.6% |
| Sharpe ratio | -0.24 | -0.59 |
| Sortino ratio | -0.31 | -0.73 |
| Best month | +3.6% | +3.6% |
| Worst month | −3.1% | −3.1% |
| Best 12 months | +9.9% | +9.9% |
| Worst 12 months | −3.1% | −4.0% |
| Positive months | 58% | 52% |
| Beta vs S&P 500 | 0.17 | — |
| Correlation with S&P 500 | 0.37 | — |
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.
USVN rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 32 | −4.0% | +3.7% | +9.9% | 84% |
| 3-year (a year) | 8 | +2.3% | +2.9% | +4.1% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
USVN performance overview
US Treasury 7 Year Note ETF (USVN) returned −2.2% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +1.7% a year, turning $10,000 into about $10,611. Over the same year S&P 500 (SPY) returned +14.4%.
Related: USVN chart, USVN dividends. See the USVN overview for the latest quote and fund facts.
USVN performance FAQ
What is the USVN return over the past year?
USVN returned −2.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 5.9%.
How much would $10,000 invested in USVN be worth?
$10,000 invested in USVN at its first recorded close on March 28, 2023 would be worth about $10,611 on October 23, 2026 with distributions reinvested.
What was the worst year for USVN?
The worst calendar year was 2024, with a total return of +0.0%. The best was 2025 at +7.7%.
How volatile is USVN?
Over the past 3 years USVN had an annualized volatility of 5.7% and a Sharpe ratio of -0.24 (excess return over 1–3 month T-bills per unit of risk).