- ISIN
- US4642874576
- CUSIP
- 464287457
- Issuer
- iShares
- Inception Date
- Jul 22, 2002
- Region
- North America (U.S.)
- Category
- Government Bonds, Short-Term Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE US Treasury 1-3 Year Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $25B
Share Price Chart
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Performance
SHY Performance Chart
iShares 1-3 Year Treasury Bond ETF (SHY) is up 0.3% since the beginning of the year. SHY is currently trading at $82 per share. Investors who bought $1,000 worth of SHY shares 5 years ago would now be looking at an investment worth $1,087.
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Returns By Period
iShares 1-3 Year Treasury Bond ETF (SHY) has returned 0.29% so far this year and 3.10% over the past 12 months.
iShares 1-3 Year Treasury Bond ETF
- 1D
- -0.21%
- 1M
- -0.24%
- YTD
- 0.29%
- 6M
- 0.66%
- 1Y
- 3.10%
- 3Y*
- 3.99%
- 5Y*
- 1.69%
- 10Y*
- 1.64%
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHY Monthly Returns History
Based on dividend-adjusted daily data since Jul 26, 2002, SHY's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, an investment would double in approximately 36.1 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2007 with a return of +1.8%, while the worst month was Mar 2022 at -1.4%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 9 months.
On a daily basis, SHY closed higher 50% of trading days. The best single day was Mar 13, 2023 with a return of +1.0%, while the worst single day was Jun 5, 2009 at -0.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.21% | 0.53% | -0.47% | 0.19% | 0.08% | -0.24% | 0.29% | ||||||
| 2025 | 0.38% | 0.74% | 0.44% | 0.81% | -0.25% | 0.58% | -0.09% | 0.89% | 0.29% | 0.33% | 0.44% | 0.29% | 4.95% |
| 2024 | 0.32% | -0.39% | 0.34% | -0.44% | 0.72% | 0.54% | 1.18% | 0.89% | 0.77% | -0.62% | 0.30% | 0.25% | 3.92% |
| 2023 | 0.78% | -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% |
| 2021 | 0.02% | -0.06% | -0.06% | 0.06% | 0.06% | -0.17% | 0.16% | -0.03% | -0.10% | -0.34% | -0.06% | -0.21% | -0.71% |
Benchmark Metrics
iShares 1-3 Year Treasury Bond ETF has an annualized alpha of 2.85%, beta of 0.02, and R2 of 0.04 versus S&P 500 Index. Calculated based on daily prices since July 29, 2002.
- This ETF captured 8.78% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -1.51%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.02 may look defensive, but with R2 of 0.04 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 0.04 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
- 2.85%
- Beta
- 0.02
- R²
- 0.04
- Upside Capture
- 8.78%
- Downside Capture
- -1.51%
Expense Ratio
SHY has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
SHY ranks 80 for risk / return — in the top 80% 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 1-3 Year Treasury Bond ETF (SHY) and compare them to S&P 500 Index.
| SHY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.47 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | — | — |
| Martin ratioReturn relative to average drawdown | 14.19 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
iShares 1-3 Year Treasury Bond ETF provided a 3.69% dividend yield over the last twelve months, with an annual payout of $3.02 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.02 | $3.15 | $3.21 | $2.45 | $1.06 | $0.22 | $0.81 | $1.79 | $1.44 | $0.82 | $0.60 | $0.45 |
Dividend yield | 3.69% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.25 | $0.22 | $0.25 | $0.24 | $0.24 | $1.21 | ||||||
| 2025 | $0.00 | $0.27 | $0.25 | $0.28 | $0.26 | $0.27 | $0.26 | $0.27 | $0.26 | $0.26 | $0.26 | $0.50 | $3.15 |
| 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 | $0.07 | $0.22 |
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 5.71%, occurring on Oct 20, 2022. Recovery took 405 trading sessions.
The current iShares 1-3 Year Treasury Bond ETF drawdown is 0.44%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -5.71%Oct 2022 | 1y 2mo | 1y 7mo | 2y 10moAug 2021 - Jun 2024 |
Financial crisis2007–2009 | -2.23%Jun 2008 | 2mo 26d | 3mo 5d | 6mo 1dMar 2008 - Sep 2008 |
2004 pullback2004 | -1.90%Jun 2004 | 2mo 21d | 4mo 8d | 6mo 29dMar 2004 - Oct 2004 |
Financial crisis2007–2009 | -1.19%Jun 2009 | 5mo 9d | 1mo | 6mo 9dDec 2008 - Jul 2009 |
2018 pullback2018 | -1.07%May 2018 | 8mo 9d | 6mo 17d | 1y 2moSep 2017 - Nov 2018 |
Drawdown Indicators
| SHY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.71% | -9.10% | +3.39% |
Max Drawdown (1Y)Largest decline over 1 year | -0.89% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -5.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.71% | — | — |
Current DrawdownCurrent decline from peak | -0.44% | -2.97% | +2.53% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -1.13% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.22% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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