US Treasury 20 Year Bond ETF (UTWY) Performance
UTWY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −3.3% since Dec 31, 2025
- 1 year
- −5.5% total return
- 3 years
- +3.2% a year
- Since first price
- −1.5% a year since 2023
UTWY trailing returns vs SPY, QQQ, AGG
| Period | UTWY total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.5% | +1.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.8% | −2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.4% | −5.7% | +7.8% | +8.4% | −1.5% |
| YTD | −3.3% | −6.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −5.5% | −9.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +10.1%+3.2%/yr | −3.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionMar 28, 2023 | −5.4%−1.5%/yr | −18.9% | — | — | — |
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: UTWY vs SPY
From Mar 28, 2023: UTWY grew to $9,460, SPY to $20,064.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
UTWY returns by calendar year
1 of 2 full years positive. Best 2025 (+4.8%), worst 2024 (−4.9%). 2026 is year to date.
UTWY annual returns table
| Year | UTWY | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −3.3% | −10.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +4.8% | −7.5% | +17.7% | +20.8% | +7.2% |
| 2024 | −4.9% | −10.3% | +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.
UTWY largest drawdowns
Now 8.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 6, 2023 | −18.2% | Oct 19, 2023 | Sep 16, 2024 | 6 months | 1.4 years |
| Sep 16, 2024 | −12.5% | Oct 5, 2026 | not yet | 2.1 years | 2.1 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
UTWY risk statistics
| Statistic | 3 years | Since 2023 |
|---|---|---|
| Annualized return | +0.7% | −3.1% |
| Volatility (annualized) | 10.9% | 10.8% |
| Sharpe ratio | -0.29 | -0.65 |
| Sortino ratio | -0.39 | -0.81 |
| Best month | +7.5% | +7.5% |
| Worst month | −5.3% | −6.1% |
| Best 12 months | +13.9% | +13.9% |
| Worst 12 months | −7.3% | −10.7% |
| Positive months | 58% | 52% |
| Beta vs S&P 500 | 0.41 | — |
| Correlation with S&P 500 | 0.47 | — |
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.
UTWY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 32 | −10.7% | +0.7% | +13.9% | 59% |
| 3-year (a year) | 8 | −1.6% | −0.4% | +3.4% | 38% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
UTWY performance overview
US Treasury 20 Year Bond ETF (UTWY) returned −5.5% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned −1.5% a year, turning $10,000 into about $9,460. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −18.2%, from Apr 6, 2023 to Oct 19, 2023, and it took 11 months to get back to the old high. Volatility has been 10.8% a year.
Related: UTWY chart, UTWY dividends. See the UTWY overview for the latest quote and fund facts.
UTWY performance FAQ
What is the UTWY return over the past year?
UTWY returned −5.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 9.8%.
How much would $10,000 invested in UTWY be worth?
$10,000 invested in UTWY at its first recorded close on March 28, 2023 would be worth about $9,460 on October 23, 2026 with distributions reinvested.
What was the worst year for UTWY?
The worst calendar year was 2024, with a total return of −4.9%. The best was 2025 at +4.8%.
What is the biggest drawdown of UTWY?
The largest peak-to-trough decline was −18.2% between April 6, 2023 and October 19, 2023. It recovered to the old high on September 16, 2024, 11 months after the bottom.
How volatile is UTWY?
Over the past 3 years UTWY had an annualized volatility of 10.9% and a Sharpe ratio of -0.29 (excess return over 1–3 month T-bills per unit of risk).