ULST vs EWN

Comparison between STATE STREET(R) ULTRA SHORT TERM BOND ETF (ULST, ETF) and ISHARES MSCI NETHERLANDS ETF (EWN, ETF).

5-Year PerformanceEWN has outperformed ULST, delivering a return of +9.4% compared to +3.5%

ULST vs EWN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ULST(ETF)	EWN(ETF)
Net Assets	$553M	$550M
Expense Ratio	0.20%	0.50%
Max Drawdown	6.34%	68.15%
Sharpe Ratio	0.24	1.37
5Y Beta	-0.01	0.96
5Y Dividends CAGR	37.68%	48.01%

Net Assets

Winner

ULST

$553M

EWN

$550M

Expense Ratio

Winner

ULST

0.20%

EWN

0.50%

Max Drawdown

Winner

ULST

6.34%

EWN

68.15%

Sharpe Ratio

ULST

0.24

Winner

EWN

1.37

5Y Beta

Winner

ULST

-0.01

EWN

0.96

5Y Dividends CAGR

ULST

37.68%

Winner

EWN

48.01%

ULST vs EWN - Historical Returns

Returns include dividend reinvestment.

Period	ULST	EWN
1 month	+0.32%	+8.90%
3 months	+0.86%	+18.27%
6 months	+1.55%	+23.55%
1 year	+3.90%	+34.05%
5 years(CAGR)	+3.53%	+9.42%
10 years(CAGR)	+2.66%	+13.91%
Max(CAGR)	+2.20%	+6.62%

ULST

+0.32%

Winner

EWN

+8.90%

ULST

+0.86%

Winner

EWN

+18.27%

ULST

+1.55%

Winner

EWN

+23.55%

ULST

+3.90%

Winner

EWN

+34.05%

5Y(CAGR)

ULST

+3.53%

Winner

EWN

+9.42%

10Y(CAGR)

ULST

+2.66%

Winner

EWN

+13.91%

Max(CAGR)

ULST

+2.20%

Winner

EWN

+6.62%

ULST vs EWN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	ULST	EWN
2026	+1.30%	+18.91%
2025	+4.81%	+35.18%
2024	+5.25%	+4.28%
2023	+5.59%	+19.75%
2022	+0.87%	-24.87%
2021	+0.21%	+20.87%
2020	+1.45%	+21.97%
2019	+3.25%	+32.66%
2018	+1.94%	-15.78%
2017	+1.29%	+33.69%
2016	+1.54%	+5.82%
2015	+0.14%	+1.97%
2014	+0.29%	-4.28%
2013	+0.22%	+27.65%
2012	N/A	+19.42%
2011	N/A	-15.62%
2010	N/A	+1.48%
2009	N/A	+36.66%
2008	N/A	-47.13%
2007	N/A	+17.47%
2006	N/A	+27.59%
2005	N/A	+12.80%
2004	N/A	+13.58%
2003	N/A	+21.39%
2002	N/A	-20.42%
2001	N/A	-23.72%
2000	N/A	-11.50%
1999	N/A	+11.25%

ULST vs EWN Drawdown Comparison

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

The maximum drawdown for EWN was -65.25%, occurring on Mar 9, 2009. Recovery took 1894 trading sessions.

Rank	ULST	EWN
#1	-6.20% Mar 5, 2020 - Jun 30, 2020	-65.25% Oct 12, 2007 - Apr 23, 2015
#2	-1.22% Oct 5, 2021 - Nov 23, 2022	-60.19% Jan 3, 2000 - Apr 24, 2006
#3	-0.54% Aug 5, 2024 - Aug 13, 2024	-43.54% Sep 7, 2021 - May 15, 2024
#4	-0.54% May 2, 2014 - Jul 22, 2014	-35.29% Feb 12, 2020 - Jul 20, 2020
#5	-0.51% Jan 31, 2025 - Feb 11, 2025	-23.95% Jan 26, 2018 - Nov 5, 2019
#6	-0.50% Feb 8, 2016 - Apr 7, 2016	-19.77% Jul 12, 2024 - May 14, 2025
#7	-0.49% Nov 12, 2014 - Jun 1, 2015	-19.59% May 15, 2015 - Mar 9, 2017
#8	-0.44% Jun 1, 2015 - Feb 8, 2016	-15.37% May 10, 2006 - Aug 29, 2006
#9	-0.39% Jul 22, 2014 - Nov 3, 2014	-13.24% Feb 25, 2026 - Apr 14, 2026
#10	-0.39% Sep 18, 2020 - Nov 25, 2020	-13.23% Jul 19, 2007 - Oct 1, 2007
#11	-0.37% Apr 3, 2025 - Apr 16, 2025	-8.39% Oct 12, 2020 - Nov 6, 2020
#12	-0.34% May 31, 2016 - Jun 8, 2016	-8.13% Feb 23, 2007 - Mar 20, 2007
#13	-0.32% Jun 10, 2016 - Jul 18, 2016	-7.63% Feb 16, 2021 - Apr 1, 2021
#14	-0.27% May 19, 2016 - May 31, 2016	-6.97% Oct 6, 2025 - Jan 2, 2026
#15	-0.27% Jan 13, 2014 - Feb 25, 2014	-6.92% Jul 10, 2025 - Sep 12, 2025

Correlation

Correlation between ULST and EWN is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2000 - 2026)

ULST vs EWN dividend yield comparison.

Year	ULST	EWN
2026	1.66%	0.00%
2025	4.46%	5.03%
2024	5.03%	2.18%
2023	4.45%	1.79%
2022	1.70%	1.98%
2021	0.54%	1.01%
2020	1.34%	0.78%
2019	2.56%	2.57%
2018	2.13%	2.40%
2017	1.21%	1.68%
2016	0.93%	2.71%
2015	0.37%	1.92%
2014	0.34%	2.30%
2013	0.07%	1.50%
2012	0.00%	2.09%
2011	0.00%	3.19%
2010	0.00%	1.53%
2009	0.00%	2.07%
2008	0.00%	7.41%
2007	0.00%	3.44%
2006	0.00%	1.73%
2005	0.00%	2.38%
2004	0.00%	1.42%
2003	0.00%	2.26%
2002	0.00%	1.87%
2001	0.00%	1.91%
2000	0.00%	0.99%