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UTWO:NASDAQUS Treasury 2 Year Note ETF Analysis

Data as of 2026-08-31 - not real-time

$47.77

Latest Price

2/10Risk

Risk Level: Low

Executive Summary

F/m US Treasury 2 Year Note ETF trades at $47.77, with its short-term moving averages sitting below the longer-term ones — a bearish trend structure. Relative strength is 33.2 — approaching oversold — and the MACD signal is bearish. The recent range runs from support at $47.76 up to resistance at $48.06.
The 0.15% expense ratio is competitive for its category, and the fund manages $482.4M in assets.
Risk scores 2 out of 10, which is low for this asset class. With 30-day volatility of 1.7% and a beta of 0.02, the drawdown profile is forgiving relative to most of the market. The wider market backdrop reads extreme greed at 95 on the fear-greed composite.
The horizons diverge: sell near-term but hold on a long view, at 2/10 conviction over the longer horizon.

Market Outlook

Short Term

< 1 year
Cautious
Model confidence: 6/10

Key Factors

  • Short-term moving averages stacked below long-term ones
  • Trading below the 200-day average of 48.30
  • MACD momentum is negative

Medium Term

1–3 years
Cautious
Model confidence: 4/10

Key Factors

  • Short-term moving averages stacked below long-term ones
  • Trading below the 200-day average of 48.30
  • MACD momentum is negative

Long Term

> 3 years
Neutral
Model confidence: 2/10

Key Factors

  • Low expense ratio of 0.15%
  • Short-term moving averages stacked below long-term ones
  • 30-day volatility of 1.7%

Key Metrics & Analysis

Fund Metrics

Expense Ratio0.15%
AUM$482.4M
Inception Date2022-08-08
Avg Daily Volume77,870
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield3.84%

Technical Analysis

TrendBearish
RSI33.2
Support$47.76
Resistance$48.06
MA 20$47.96
MA 50$47.96
MA 200$48.30
MACDBearish
VolumeIncreasing
Fear & Greed Index94.79

Risk Assessment

Beta0.02
Volatility1.65%
Sector RiskMedium
Currency RiskLow
Liquidity RiskMedium

This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.