- ISIN
- US4642886794
- CUSIP
- 464288679
- Issuer
- iShares
- Inception Date
- Jan 11, 2007
- Region
- North America (U.S.)
- Category
- Government Bonds, Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE Short US Treasury Securities Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $21B
Share Price Chart
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Performance
SHV Performance Chart
iShares 0-1 Year Treasury Bond ETF (SHV) is up 1.6% since the beginning of the year. SHV is currently trading at $110 per share. Investors who bought $1,000 worth of SHV shares 5 years ago would now be looking at an investment worth $1,179.
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Returns By Period
iShares 0-1 Year Treasury Bond ETF (SHV) has returned 1.56% so far this year and 3.89% over the past 12 months. Over the last ten years, SHV has returned 2.23% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
iShares 0-1 Year Treasury Bond ETF
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.56%
- 6M
- 1.73%
- 1Y
- 3.89%
- 3Y*
- 4.61%
- 5Y*
- 3.35%
- 10Y*
- 2.23%
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
SHV Monthly Returns History
Based on dividend-adjusted daily data since Jan 11, 2007, SHV's average daily return is +0.01%, while the average monthly return is +0.13%. At this rate, an investment would double in approximately 44.5 years.
Historically, 71% of months were positive and 29% were negative. The best month was Jan 2008 with a return of +0.7%, while the worst month was Jan 2022 at -0.1%. The longest winning streak lasted 48 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SHV closed higher 51% of trading days. The best single day was Oct 14, 2008 with a return of +0.3%, while the worst single day was Oct 13, 2008 at -0.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.26% | 0.27% | 0.28% | 0.29% | 0.29% | 0.16% | 1.56% | ||||||
| 2025 | 0.36% | 0.32% | 0.33% | 0.35% | 0.32% | 0.34% | 0.33% | 0.42% | 0.35% | 0.33% | 0.30% | 0.37% | 4.21% |
| 2024 | 0.40% | 0.39% | 0.42% | 0.37% | 0.46% | 0.42% | 0.46% | 0.50% | 0.46% | 0.35% | 0.37% | 0.40% | 5.12% |
| 2023 | 0.33% | 0.29% | 0.51% | 0.31% | 0.32% | 0.47% | 0.38% | 0.48% | 0.39% | 0.45% | 0.51% | 0.48% | 5.04% |
| 2022 | -0.08% | -0.04% | -0.04% | -0.03% | 0.07% | -0.08% | 0.09% | 0.13% | 0.03% | 0.16% | 0.34% | 0.39% | 0.94% |
| 2021 | -0.01% | 0.00% | -0.01% | 0.00% | 0.00% | -0.02% | -0.00% | -0.02% | 0.00% | -0.03% | -0.05% | 0.03% | -0.10% |
Benchmark Metrics
iShares 0-1 Year Treasury Bond ETF has an annualized alpha of 1.61%, beta of -0.00, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since January 11, 2007.
- This ETF captured 3.10% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -4.46%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.61%
- Beta
- -0.00
- R²
- 0.03
- Upside Capture
- 3.10%
- Downside Capture
- -4.46%
Expense Ratio
SHV has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
SHV ranks 100 for risk / return — in the top 100% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares 0-1 Year Treasury Bond ETF (SHV) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SHV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +17.61 | ||
| Sortino ratioReturn per unit of downside risk | +146.49 | ||
| Omega ratioGain probability vs. loss probability | 53.64 | 1.36 | +52.28 |
| Calmar ratioReturn relative to maximum drawdown | 430.34 | 2.71 | +427.63 |
| Martin ratioReturn relative to average drawdown | 2,413.95 | 12.15 | +2,401.80 |
Dividends
Dividend History
iShares 0-1 Year Treasury Bond ETF provided a 3.83% dividend yield over the last twelve months, with an annual payout of $4.22 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.22 | $4.50 | $5.53 | $5.21 | $1.52 | $0.00 | $0.82 | $2.42 | $1.83 | $0.80 | $0.37 | $0.03 |
Dividend yield | 3.83% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares 0-1 Year Treasury Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.34 | $0.30 | $0.32 | $0.33 | $0.33 | $1.63 | ||||||
| 2025 | $0.00 | $0.40 | $0.36 | $0.38 | $0.37 | $0.40 | $0.37 | $0.38 | $0.39 | $0.37 | $0.37 | $0.71 | $4.50 |
| 2024 | $0.00 | $0.47 | $0.45 | $0.48 | $0.46 | $0.47 | $0.47 | $0.49 | $0.48 | $0.45 | $0.47 | $0.84 | $5.53 |
| 2023 | $0.00 | $0.37 | $0.29 | $0.39 | $0.40 | $0.48 | $0.43 | $0.47 | $0.46 | $0.46 | $0.47 | $0.99 | $5.21 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.02 | $0.03 | $0.06 | $0.08 | $0.13 | $0.16 | $0.20 | $0.24 | $0.60 | $1.52 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares 0-1 Year Treasury Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares 0-1 Year Treasury Bond ETF was 0.45%, occurring on Jun 14, 2022. Recovery took 80 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -0.45%Jun 2022 | 2y 2mo | 3mo 25d | 2y 6moApr 2020 - Oct 2022 |
Financial crisis2007–2009 | -0.36%Oct 2008 | 0s | 2d | 2dOct 2008 - Oct 2008 |
Financial crisis2007–2009 | -0.29%Oct 2008 | 5d | 16d | 21dOct 2008 - Nov 2008 |
Financial crisis2007–2009 | -0.25%Sep 2008 | 1d | 13d | 14dSep 2008 - Oct 2008 |
Financial crisis2007–2009 | -0.23%Feb 2009 | 1mo 21d | 1mo 25d | 3mo 16dDec 2008 - Apr 2009 |
Drawdown Indicators
| SHV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.45% | -56.78% | +56.33% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -9.10% | +9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -0.03% | -18.90% | +18.87% |
Max Drawdown (5Y)Largest decline over 5 years | -0.39% | -25.43% | +25.04% |
Max Drawdown (10Y)Largest decline over 10 years | -0.45% | -33.92% | +33.47% |
Current DrawdownCurrent decline from peak | 0.00% | -1.29% | +1.29% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -10.72% | +10.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 2.02% | -2.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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