ETF Evaluator:
Voya Ultra Short Income ETF (VUSI)
Follow This ETF
(as of Aug 20)
Best Performing in Ultrashort Bond Over the Last Year
| 6.2% | iShares Interest Rate Hdg L/T Corp BdETF (IGBH) |
| 5.8% | Simplify Treasury Option Income ETF (BUCK) |
| 5.7% | iShares Interest Rate Hedged Corp Bd ETF (LQDH) |
| 5.3% | iShares Interest Rt Hdg U.S. Aggt Bd ETF (AGRH) |
| 5.3% | NEOS Enhanced Inc 1-3 Month T-Bill ETF (CSHI) |
Risk
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Risk
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ETF Details
Voya Ultra Short Income ETF Overview
Voya Ultra Short Income ETF (VUSI) is an actively managed Taxable Bond Ultrashort Bond exchange-traded fund (ETF). Voya launched the ETF in 2025.
The investment seeks a high levels of current income consistent with preservation of capital.
The fund is an actively-managed exchange-traded fund (“ETF”) that seeks a high levels of current income consistent with preservation of capital. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a diversified portfolio of income producing bonds and/or derivative instruments having economic characteristics similar to income producing bonds.
About Voya Ultra Short Income ETF (VUSI)
There are 4 members of the management team with an average tenure of 0.70 years: Sean Banai (2025), Anuranjan Sharma (2025), Raj Jadav, CFA (2025) and Vinay Viralam (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Voya Ultra Short Income ETF has 351 securities in its portfolio. The top 10 holdings constitute 24.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Voya Ultra Short Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. Voya Ultra Short Income ETF has 11.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.9% (84.6% domestic bond, 11.3% foreign bond and 0.0% convertible bond). Voya Ultra Short Income ETF has 4.1% of the portfolio in cash.
Assets Under Management
The fund has $135 million in total assets, which is below the $5 billion average for the Ultrashort Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
VUSI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Voya Ultra Short Income ETF expense ratio is below average compared to funds in the Ultrashort Bond category. Voya Ultra Short Income ETF has an expense ratio of 0.25%, which is 13% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Voya Ultra Short Income ETF has a portfolio turnover rate of 117%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Ultrashort Bond category.
Recently, in the month of July 2026, Voya Ultra Short Income ETF returned 0.4%, which earned it a grade of A, as the Ultrashort Bond category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Voya Ultra Short Income ETF has a trailing yield of 0.00%, which is below the 4.07% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Voya Ultra Short Income ETF Grades
Year to date, the ETF has returned 2.2%, 0.1 percentage points better than the category, which translates into a grade of B.
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VUSI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VUSI Return (NAV) | 0.4% | 1.0% | na | na | na | na |
| VUSI Return (Price) | 0.1% | 0.9% | na | na | na | na |
| NAV +/- Price Return | 0.200% | 0.026% | na | na | na | na |
| Ultrashort Bond Avg | 0.3% | 0.9% | 4.2% | 5.2% | 3.9% | 3.0% |
| VUSI Grade (NAV) | A | B | na | na | na | na |
| +/- Category (NAV) | 0.0% | 0.0% | na | na | na | na |
| VUSI Tax-Cost Ratio | na | na | na | na | na | na |
VUSI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VUSI Return (NAV) | 2.2% | na | na | na | na | na | na | na | na | na | na |
| VUSI Return (Price) | 2.1% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.036% | na | na | na | na | na | na | na | na | na | na |
| Ultrashort Bond Avg | 2.2% | 4.8% | 5.8% | 6.1% | 0.4% | 0.3% | 1.4% | 3.6% | 1.4% | 2.3% | 1.9% |
| VUSI Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.1% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 135 Mil |
| Share Class Assets: | $ 135 Mil |
| Turnover: | 117.0% |
| Expense Ratio: | 0.25% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 0.7 years | |||
| Average Tenure: 0.7 years | |||
| Managers (Year): Banai Sean (2025), Sharma Anuranjan (2025), Jadav, CFA Raj (2025), Viralam Vinay (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 351 |
| % in Top 10 Holdings: | 24.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 11.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 84.6% |
| Foreign Bond: | 11.3% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Voya |
| Phone Number: | 800-334-3444 |
| Website: | |
| Inception Date: | November 18, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.25% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.22% |
