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iShares 1-3 Year Treasury Bond ETF (SHY)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

iShares 1-3 Year Treasury Bond ETF (SHY)

ETF · Currency in USD · Last updated May 29, 2025

SHY, the iShares 1-3 Year Treasury Bond ETF, is a passive fund managed by iShares that tracks the Barclays Capital U.S. 1-3 Year Treasury Bond Index. Launched on July 22, 2002, with a 0.15% expense ratio, SHY provides investors exposure to short-term U.S. government bonds, offering a low-risk, income-generating investment option.

ETF Info

ISIN

US4642874576

CUSIP

464287457

Issuer

iShares

Inception Date

Jul 22, 2002

Region

North America (U.S.)

Category

Government Bonds

Leveraged

1x

Index Tracked

Barclays Capital U.S. 1-3 Year Treasury Bond Index

Home Page

www.ishares.com

Asset Class

Bond

Expense Ratio

SHY has an expense ratio of 0.15%, which is considered low.

Share Price Chart

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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares 1-3 Year Treasury Bond ETF

Popular comparisons:
SHY vs. SGOV SHY vs. SHV SHY vs. VGSH SHY vs. BIL SHY vs. IEF SHY vs. TLT SHY vs. BSV SHY vs. SPY SHY vs. GOVT SHY vs. VV
Popular comparisons:
SHY vs. SGOV SHY vs. SHV SHY vs. VGSH SHY vs. BIL SHY vs. IEF SHY vs. TLT SHY vs. BSV SHY vs. SPY SHY vs. GOVT SHY vs. VV

Performance

Performance Chart

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S&P 500

Returns By Period

iShares 1-3 Year Treasury Bond ETF (SHY) returned 1.89% year-to-date (YTD) and 5.53% over the past 12 months. Over the past 10 years, SHY returned 1.38% annually, underperforming the S&P 500 benchmark at 10.82%.

SHY

YTD

1.89%

1M

-0.29%

6M

2.27%

1Y

5.53%

3Y*

2.75%

5Y*

1.05%

10Y*

1.38%

^GSPC (Benchmark)

YTD

0.12%

1M

6.51%

6M

-1.84%

1Y

10.98%

3Y*

12.30%

5Y*

14.10%

10Y*

10.82%

*Annualized

Monthly Returns

The table below presents the monthly returns of SHY, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.38%0.74%0.44%0.81%-0.48%1.89%
20240.32%-0.39%0.34%-0.44%0.72%0.54%1.18%0.89%0.77%-0.62%0.30%0.25%3.92%
20230.78%-0.81%1.65%0.24%-0.38%-0.49%0.30%0.41%-0.08%0.33%1.05%1.10%4.16%
2022-0.69%-0.43%-1.40%-0.50%0.60%-0.59%0.41%-0.81%-1.19%-0.13%0.69%0.12%-3.88%
20210.02%-0.06%-0.06%0.06%0.06%-0.17%0.16%-0.03%-0.10%-0.34%-0.06%-0.23%-0.74%
20200.58%0.88%1.24%0.27%-0.08%0.02%0.09%-0.02%0.00%-0.05%0.02%0.04%3.03%
20190.25%0.09%0.63%0.18%0.72%0.46%-0.06%0.78%-0.13%0.31%-0.05%0.15%3.38%
2018-0.29%-0.10%0.25%-0.23%0.35%0.04%-0.06%0.35%-0.14%0.15%0.38%0.76%1.46%
20170.11%0.04%0.06%0.19%0.07%-0.08%0.19%0.20%-0.19%-0.09%-0.22%-0.02%0.26%
20160.65%0.11%0.14%0.04%-0.12%0.60%-0.05%-0.23%0.13%-0.05%-0.47%0.07%0.82%
20150.63%-0.29%0.25%0.03%0.04%0.03%0.04%-0.05%0.29%-0.14%-0.26%-0.15%0.43%
20140.20%0.04%-0.11%0.11%0.18%-0.08%-0.08%0.19%-0.07%0.26%0.10%-0.29%0.45%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 98, SHY is among the top 2% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of SHY is 9898
Overall Rank
The Sharpe Ratio Rank of SHY is 9898
Sharpe Ratio Rank
The Sortino Ratio Rank of SHY is 9898
Sortino Ratio Rank
The Omega Ratio Rank of SHY is 9898
Omega Ratio Rank
The Calmar Ratio Rank of SHY is 9898
Calmar Ratio Rank
The Martin Ratio Rank of SHY is 9696
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for iShares 1-3 Year Treasury Bond ETF (SHY) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

iShares 1-3 Year Treasury Bond ETF Sharpe ratios as of May 29, 2025 (values are recalculated daily):

  • 1-Year: 3.35
  • 5-Year: 0.56
  • 10-Year: 0.90
  • All Time: 1.25

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of iShares 1-3 Year Treasury Bond ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

iShares 1-3 Year Treasury Bond ETF provided a 3.95% dividend yield over the last twelve months, with an annual payout of $3.26 per share. The fund has been increasing its distributions for 3 consecutive years.

0.00%1.00%2.00%3.00%4.00%$0.00$0.50$1.00$1.50$2.00$2.50$3.00$3.5020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$3.26$3.21$2.45$1.06$0.21$0.81$1.79$1.44$0.82$0.60$0.45$0.31

Dividend yield

3.95%3.92%2.99%1.30%0.24%0.94%2.12%1.72%0.98%0.71%0.54%0.36%

Monthly Dividends

The table displays the monthly dividend distributions for iShares 1-3 Year Treasury Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.27$0.25$0.28$0.26$1.07
2024$0.00$0.24$0.24$0.27$0.26$0.26$0.27$0.27$0.29$0.27$0.28$0.55$3.21
2023$0.00$0.15$0.16$0.18$0.19$0.20$0.21$0.21$0.21$0.21$0.23$0.51$2.45
2022$0.00$0.02$0.03$0.04$0.04$0.06$0.08$0.09$0.10$0.11$0.14$0.35$1.06
2021$0.00$0.03$0.02$0.02$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.05$0.21
2020$0.00$0.13$0.13$0.11$0.07$0.07$0.06$0.05$0.05$0.04$0.04$0.06$0.81
2019$0.00$0.15$0.15$0.16$0.16$0.17$0.16$0.15$0.15$0.14$0.14$0.27$1.79
2018$0.00$0.09$0.09$0.09$0.10$0.13$0.13$0.14$0.13$0.14$0.15$0.26$1.44
2017$0.00$0.05$0.05$0.06$0.06$0.06$0.07$0.07$0.07$0.07$0.08$0.17$0.82
2016$0.00$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.11$0.60
2015$0.00$0.03$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.08$0.45
2014$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.03$0.03$0.03$0.06$0.31

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 1-3 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 1-3 Year Treasury Bond ETF was 5.73%, occurring on Oct 20, 2022. Recovery took 406 trading sessions.

The current iShares 1-3 Year Treasury Bond ETF drawdown is 0.48%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-5.73%Aug 4, 2021307Oct 20, 2022406Jun 4, 2024713
-2.23%Mar 18, 200861Jun 12, 200865Sep 15, 2008126
-1.89%Mar 25, 200455Jun 14, 200490Oct 20, 2004145
-1.19%Dec 31, 2008109Jun 8, 200921Jul 8, 2009130
-1.07%Sep 8, 2017172May 15, 2018137Nov 28, 2018309
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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