BELT vs UTRE

Comparison between BlackRock Long-Term U.S. Equity ETF (BELT, ETF) and F/M US TREASURY 3 YEAR NOTE ETF (UTRE, ETF).

BELT vs UTRE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BELT(ETF)	UTRE(ETF)
Net Assets	$9.70M	$9.80M
Expense Ratio	0.75%	0.15%
Max Drawdown	23.05%	4.36%
Sharpe Ratio	1.05	-0.39
5Y Beta	1.18	-0.02
P/E Ratio	38.31	N/A
Forward P/E	30.80	N/A
PEG Ratio	0.66	N/A
5Y EPS CAGR	27.71%	N/A
Debt to Equity	53.72%	N/A
P/S Ratio	7.38	N/A
P/B Ratio	9.68	N/A

Net Assets

BELT

$9.70M

Winner

UTRE

$9.80M

Expense Ratio

BELT

0.75%

Winner

UTRE

0.15%

Max Drawdown

BELT

23.05%

Winner

UTRE

4.36%

Sharpe Ratio

Winner

BELT

1.05

UTRE

-0.39

5Y Beta

BELT

1.18

Winner

UTRE

-0.02

P/E Ratio

BELT

38.31

UTRE

N/A

Forward P/E

BELT

30.80

UTRE

N/A

PEG Ratio

BELT

0.66

UTRE

N/A

5Y EPS CAGR

BELT

27.71%

UTRE

N/A

Debt to Equity

BELT

53.72%

UTRE

N/A

P/S Ratio

BELT

7.38

UTRE

N/A

P/B Ratio

BELT

9.68

UTRE

N/A

BELT vs UTRE - Historical Returns

Returns include dividend reinvestment.

Period	BELT	UTRE
1 month	-2.38%	+0.05%
3 months	+15.25%	-0.05%
6 months	+15.60%	+0.33%
1 year	+22.96%	+2.80%
Max(CAGR)	+12.86%	+3.36%

BELT

-2.38%

Winner

UTRE

+0.05%

Winner

BELT

+15.25%

UTRE

-0.05%

Winner

BELT

+15.60%

UTRE

+0.33%

Winner

BELT

+22.96%

UTRE

+2.80%

Max(CAGR)

Winner

BELT

+12.86%

UTRE

+3.36%

BELT vs UTRE - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	BELT	UTRE
2026	+14.21%	+0.04%
2025	+12.19%	+5.76%
2024	-1.97%	+3.19%
2023	N/A	+2.16%

BELT vs UTRE Drawdown Comparison

The maximum drawdown for BELT was -23.05%, occurring on Apr 8, 2025. Recovery took 133 trading sessions.

The maximum drawdown for UTRE was -2.80%, occurring on Jul 6, 2023. Recovery took 154 trading sessions.

The current BELT drawdown is -3.56%. The current UTRE drawdown is -0.95%.

Rank	BELT	UTRE
#1	-23.05% Dec 11, 2024 - Jun 26, 2025	-2.80% May 4, 2023 - Dec 13, 2023
#2	-11.47% Oct 29, 2025 - Apr 10, 2026	-1.86% Sep 16, 2024 - Feb 26, 2025
#3	-10.87% Jul 5, 2024 - Oct 14, 2024	-1.63% Feb 1, 2024 - Jun 13, 2024
#4	-6.60% May 11, 2026 - Jun 10, 2026	-1.44% Feb 27, 2026 - Mar 26, 2026
#5	-3.84% Oct 14, 2024 - Nov 7, 2024	-1.21% Apr 30, 2025 - Jun 25, 2025
#6	-3.42% Jul 28, 2025 - Sep 15, 2025	-0.97% Apr 5, 2023 - Apr 25, 2023
#7	-2.92% Nov 11, 2024 - Dec 2, 2024	-0.89% Apr 4, 2025 - Apr 28, 2025
#8	-2.90% Oct 8, 2025 - Oct 22, 2025	-0.62% Apr 25, 2023 - May 3, 2023
#9	-2.41% Sep 22, 2025 - Oct 6, 2025	-0.58% Jan 12, 2024 - Feb 1, 2024
#10	-2.19% Jun 18, 2024 - Jul 5, 2024	-0.49% Jun 30, 2025 - Aug 1, 2025
#11	-1.36% Apr 27, 2026 - Apr 30, 2026	-0.46% Aug 2, 2024 - Aug 21, 2024
#12	-1.22% Jul 9, 2025 - Jul 23, 2025	-0.45% Sep 8, 2025 - Oct 10, 2025
#13	-1.06% Jun 30, 2025 - Jul 3, 2025	-0.45% Oct 16, 2025 - Nov 21, 2025
#14	-0.97% Apr 17, 2026 - Apr 24, 2026	-0.41% Dec 27, 2023 - Jan 11, 2024
#15	-0.94% Jul 3, 2025 - Jul 9, 2025	-0.40% Nov 25, 2025 - Dec 16, 2025