US Treasury 3 Year Note ETF (UTRE) Performance
UTRE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −0.1% since Dec 31, 2025
- 1 year
- +0.4% total return
- 3 years
- +3.9% a year
- Since first price
- +3.0% a year since 2023
UTRE trailing returns vs SPY, QQQ, AGG
| Period | UTRE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.0% | +0.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.1% | −0.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.4% | −2.3% | +7.8% | +8.4% | −1.5% |
| YTD | −0.1% | −2.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +0.4% | −3.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +12.1%+3.9%/yr | −0.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMar 28, 2023 | +11.1%+3.0%/yr | −3.0% | — | — | — |
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: UTRE vs SPY
From Mar 28, 2023: UTRE grew to $11,107, SPY to $20,064.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UTRE returns by calendar year
2 of 2 full years positive. Best 2025 (+5.7%), worst 2024 (+3.0%). 2026 is year to date.
UTRE annual returns table
| Year | UTRE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −0.1% | −2.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.7% | −1.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.0% | −1.9% | +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.
UTRE risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +3.6% | +2.8% |
| Volatility (annualized) | 2.5% | 2.5% |
| Sharpe ratio | -0.33 | -0.66 |
| Sortino ratio | -0.42 | -0.79 |
| Best month | +1.5% | +1.5% |
| Worst month | −1.2% | −1.2% |
| Best 12 months | +7.6% | +7.6% |
| Worst 12 months | +0.0% | +0.0% |
| Positive months | 69% | 67% |
| Beta vs S&P 500 | 0.05 | — |
| Correlation with S&P 500 | 0.24 | — |
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.
UTRE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 32 | +0.0% | +4.3% | +7.6% | 100% |
| 3-year (a year) | 8 | +3.4% | +3.7% | +4.0% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
UTRE performance overview
US Treasury 3 Year Note ETF (UTRE) returned +0.4% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +3.0% a year, turning $10,000 into about $11,107. Over the same year S&P 500 (SPY) returned +14.4%.
Related: UTRE chart, UTRE dividends. See the UTRE overview for the latest quote and fund facts.
UTRE performance FAQ
What is the UTRE return over the past year?
UTRE returned +0.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.1%.
How much would $10,000 invested in UTRE be worth?
$10,000 invested in UTRE at its first recorded close on March 28, 2023 would be worth about $11,107 on October 23, 2026 with distributions reinvested.
What was the worst year for UTRE?
The worst calendar year was 2024, with a total return of +3.0%. The best was 2025 at +5.7%.
How volatile is UTRE?
Over the past 3 years UTRE had an annualized volatility of 2.5% and a Sharpe ratio of -0.33 (excess return over 1–3 month T-bills per unit of risk).