ULST vs AGZ

Comparison between STATE STREET(R) ULTRA SHORT TERM BOND ETF (ULST, ETF) and ISHARES AGENCY BOND ETF (AGZ, ETF).

5-Year PerformanceULST has outperformed AGZ, delivering a return of +3.5% compared to +1.2%

ULST vs AGZ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ULST(ETF)	AGZ(ETF)
Net Assets	$553M	$551M
Expense Ratio	0.20%	0.20%
Max Drawdown	6.34%	13.98%
Sharpe Ratio	0.24	0.09
5Y Beta	-0.01	-0.01
5Y Dividends CAGR	37.68%	13.53%

Net Assets

Winner

ULST

$553M

AGZ

$551M

Expense Ratio

ULST

0.20%

AGZ

0.20%

Max Drawdown

Winner

ULST

6.34%

AGZ

13.98%

Sharpe Ratio

Winner

ULST

0.24

AGZ

0.09

5Y Beta

Winner

ULST

-0.01

AGZ

-0.01

5Y Dividends CAGR

Winner

ULST

37.68%

AGZ

13.53%

ULST vs AGZ - Historical Returns

Returns include dividend reinvestment.

Period	ULST	AGZ
1 month	+0.32%	+0.31%
3 months	+0.86%	+0.32%
6 months	+1.55%	+0.79%
1 year	+3.90%	+3.75%
5 years(CAGR)	+3.53%	+1.15%
10 years(CAGR)	+2.66%	+1.82%
Max(CAGR)	+2.20%	+2.39%

Winner

ULST

+0.32%

AGZ

+0.31%

Winner

ULST

+0.86%

AGZ

+0.32%

Winner

ULST

+1.55%

AGZ

+0.79%

Winner

ULST

+3.90%

AGZ

+3.75%

5Y(CAGR)

Winner

ULST

+3.53%

AGZ

+1.15%

10Y(CAGR)

Winner

ULST

+2.66%

AGZ

+1.82%

Max(CAGR)

ULST

+2.20%

Winner

AGZ

+2.39%

ULST vs AGZ - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	ULST	AGZ
2026	+1.30%	+0.39%
2025	+4.81%	+6.06%
2024	+5.25%	+3.32%
2023	+5.59%	+4.99%
2022	+0.87%	-7.53%
2021	+0.21%	-1.08%
2020	+1.45%	+5.59%
2019	+3.25%	+5.34%
2018	+1.94%	+1.51%
2017	+1.29%	+2.14%
2016	+1.54%	+1.02%
2015	+0.14%	+1.06%
2014	+0.29%	+3.44%
2013	+0.22%	-1.22%
2012	N/A	+1.65%
2011	N/A	+4.87%
2010	N/A	+3.70%
2009	N/A	+2.08%
2008	N/A	+6.01%

ULST vs AGZ Drawdown Comparison

The maximum drawdown for ULST was -6.20%, occurring on Mar 25, 2020. Recovery took 81 trading sessions.

The maximum drawdown for AGZ was -11.01%, occurring on Oct 20, 2022. Recovery took 1126 trading sessions.

The current AGZ drawdown is -0.54%.

Rank	ULST	AGZ
#1	-6.20% Mar 5, 2020 - Jun 30, 2020	-11.01% Sep 3, 2020 - Feb 28, 2025
#2	-1.22% Oct 5, 2021 - Nov 23, 2022	-4.98% Nov 13, 2008 - Dec 11, 2008
#3	-0.54% Aug 5, 2024 - Aug 13, 2024	-3.28% May 1, 2013 - May 15, 2014
#4	-0.54% May 2, 2014 - Jul 22, 2014	-2.88% Jul 6, 2016 - Aug 18, 2017
#5	-0.51% Jan 31, 2025 - Feb 11, 2025	-2.52% Nov 4, 2010 - Jun 1, 2011
#6	-0.50% Feb 8, 2016 - Apr 7, 2016	-2.34% Sep 7, 2017 - Dec 18, 2018
#7	-0.49% Nov 12, 2014 - Jun 1, 2015	-2.24% Apr 14, 2009 - Jul 8, 2009
#8	-0.44% Jun 1, 2015 - Feb 8, 2016	-2.24% Mar 9, 2020 - Jul 20, 2020
#9	-0.39% Jul 22, 2014 - Nov 3, 2014	-1.84% Jan 23, 2015 - Oct 14, 2015
#10	-0.39% Sep 18, 2020 - Nov 25, 2020	-1.80% Jan 14, 2009 - Mar 18, 2009
#11	-0.37% Apr 3, 2025 - Apr 16, 2025	-1.58% Jul 8, 2009 - Sep 1, 2009
#12	-0.34% May 31, 2016 - Jun 8, 2016	-1.53% Sep 4, 2019 - Jan 23, 2020
#13	-0.32% Jun 10, 2016 - Jul 18, 2016	-1.53% Nov 30, 2009 - May 4, 2010
#14	-0.27% May 19, 2016 - May 31, 2016	-1.35% Feb 27, 2026 - May 19, 2026
#15	-0.27% Jan 13, 2014 - Feb 25, 2014	-1.30% Apr 4, 2025 - Apr 28, 2025

Correlation

Correlation between ULST and AGZ is 0.87 which considered as a strong positive correlation - the stocks tend to move together.

0.87

-101

Dividend Comparison (2008 - 2026)

ULST vs AGZ dividend yield comparison.

Year	ULST	AGZ
2026	1.66%	1.52%
2025	4.46%	3.75%
2024	5.03%	3.48%
2023	4.45%	3.14%
2022	1.70%	1.56%
2021	0.54%	0.96%
2020	1.34%	2.25%
2019	2.56%	2.32%
2018	2.13%	2.15%
2017	1.21%	1.58%
2016	0.93%	1.52%
2015	0.37%	1.30%
2014	0.34%	1.33%
2013	0.07%	1.19%
2012	0.00%	1.22%
2011	0.00%	1.66%
2010	0.00%	1.88%
2009	0.00%	2.00%
2008	0.00%	0.38%