DVY vs SHY
iShares Select Dividend ETF vs iShares 1-3 Year Treasury Bond ETF
Last updated: 2026-04-02
iShares Select Dividend ETF (DVY) is an exchange-traded fund issued by iShares that provides exposure to U.S. dividend-paying stocks selected for yield or dividend growth. It charges an above-average expense ratio of 0.38%. The fund offers an attractive dividend yield of 3.47%. Launched in 2003, the fund has a 23-year track record.
iShares 1-3 Year Treasury Bond ETF (SHY) is an exchange-traded fund issued by iShares that provides exposure to short-duration U.S. Treasury bonds with low interest rate risk. It charges a low expense ratio of 0.15%. The fund offers an attractive dividend yield of 3.76%. Launched in 2002, the fund has a 24-year track record.
Quick Verdict
SHY is significantly cheaper at 0.15% vs 0.38% expense ratio, saving you approximately $450 per $10,000 invested over 10 years. Over the past year, DVY has significantly outperformed with a 12.6% return vs -0.2%.
Key Metrics
Performance Chart
Indexed to 100 at start (5-year comparison)
Performance Comparison
Fee Impact Over Time
Estimated fee cost difference assuming 8% annual returns
Risk Metrics
Based on 5 years of daily returns
Dividend Comparison
Top Holdings
DVY Top Holdings
| Name | Weight |
|---|---|
| Pfizer Inc.PFE | 2.33% |
| Altria Group, Inc.MO | 2.17% |
| Verizon Communications Inc.VZ | 2.01% |
| ONEOK, Inc.OKE | 1.93% |
| Prudential Financial, Inc.PRU | 1.81% |
| T. Rowe Price Group, Inc.TROW | 1.75% |
| LyondellBasell Industries N.V.LYB | 1.70% |
| General Mills, Inc.GIS | 1.62% |
| Edison InternationalEIX | 1.60% |
| Kimberly-Clark CorporationKMB | 1.57% |
Which One Should You Choose?
Choose SHY if...
you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.
Choose DVY if...
recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.