ETF Versus

SHV vs SHY

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

Last updated: 2026-04-10

SHV iShares

iShares 0–1 Year Treasury Bond ETF (SHV) 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 3.93%. Launched in 2007, the fund has a 19-year track record.

AUM: $21.2B ER: 0.15% Yield: 3.93% 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 3.72%. Launched in 2002, the fund has a 24-year track record.

AUM: $25.3B ER: 0.15% Yield: 3.72% 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 3.9% 3.7%
Fund Family iShares 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 2022-07 2023-10 2025-01 2026-04
SHV -0.3%
SHY -4.4%

Performance Comparison

Period SHV SHY Difference
1 Month +0.01% -0.26% +0.27%
3 Months -0.05% -0.49% +0.44%
6 Months -0.06% -0.80% +0.74%
YTD +0.03% -0.52% +0.55%
1 Year +0.00% -0.19% +0.19%
3 Years +0.00% +0.46% -0.46%
5 Years -0.29% -4.40% +4.11%

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 -4.24 -2.53

Dividend Comparison

Metric SHV SHY
Annual Dividend (per share) $4.33 $3.07
Dividend Yield 3.93% 3.72%
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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