ETF Versus

SHV vs SHY

iShares 0–1 Year Treasury Bond ETF vs iShares 1-3 Year Treasury Bond ETF

Last updated: 2026-04-02

SHV

iShares 0–1 Year Treasury Bond ETF (SHV) is an exchange-traded fund 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 3.99%. Launched in 2007, the fund has a 19-year track record.

AUM: $20.9B ER: 0.15% Yield: 3.99% Since: Jan 5, 2007
SHY iShares

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.

AUM: $24.6B ER: 0.15% Yield: 3.76% Since: Jul 22, 2002

Quick Verdict

Both funds have delivered similar 1-year returns (-0.0% vs -0.2%), tracking closely.

Key Metrics

Metric SHV SHY
Expense Ratio 0.15% 0.15%
Dividend Yield 4.0% 3.8%
Fund Family N/A iShares
Category US Short-Term Treasury US Short-Term Treasury

Performance Chart

Indexed to 100 at start (5-year comparison)

90 93 96 99 102 105 2021-04 2022-06 2023-09 2024-12 2026-04
SHV -0.4%
SHY -4.5%

Performance Comparison

Period SHV SHY Difference
1 Month -0.02% -0.59% +0.57%
3 Months -0.08% -0.65% +0.57%
6 Months -0.11% -0.57% +0.46%
YTD -0.08% -0.65% +0.57%
1 Year -0.02% -0.19% +0.17%
3 Years -0.02% +0.29% -0.31%
5 Years -0.39% -4.51% +4.12%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period SHV Fees SHY Fees You Save
$10.000 10 years $298 $298 $0
$10.000 20 years $1.278 $1.278 $0
$10.000 30 years $4.109 $4.109 $0
$50.000 10 years $1.490 $1.490 $0
$50.000 30 years $20.547 $20.547 $0
$100.000 30 years $41.094 $41.094 $0

Risk Metrics

Based on 5 years of daily returns

Metric SHV SHY
Annualized Volatility 1.1% 2.1%
Max Drawdown -0.7% -6.7%
Sharpe Ratio -4.26 -2.55

Dividend Comparison

Metric SHV SHY
Annual Dividend (per share) $4.39 $3.10
Dividend Yield 3.99% 3.76%
Distribution Frequency Monthly Monthly

Which One Should You Choose?

Either works if...

you just need broad us short-term treasury exposure. Both are solid options — pick whichever your brokerage offers commission-free.

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