BVDAX vs. SHV
BVDAX (BlackRock 60/40 Target Allocation ETF VI Fund) and SHV (iShares 0-1 Year Treasury Bond ETF) are both funds - BVDAX is a Diversified Portfolio fund managed by BlackRock, while SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index. Over the past 5 years, BVDAX returned 7.23%/yr vs 3.44%/yr for SHV. Their 0.04 correlation means their historical movements had little consistent relationship. BVDAX charges 0.19%/yr vs 0.15%/yr for SHV.
Performance
BVDAX vs. SHV - Performance Comparison
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Returns By Period
In the year-to-date period, BVDAX achieves a 7.35% return, which is significantly higher than SHV's 2.03% return.
BVDAX
- 1D
- 1.47%
- 1M
- -1.10%
- 6M
- 5.50%
- YTD
- 7.35%
- 1Y
- 15.62%
- 3Y*
- 12.85%
- 5Y*
- 7.23%
- 10Y*
- —
- ALL TIME*
- 8.94%
SHV
- 1D
- 0.02%
- 1M
- 0.30%
- 6M
- 1.74%
- YTD
- 2.03%
- 1Y
- 3.77%
- 3Y*
- 4.55%
- 5Y*
- 3.44%
- 10Y*
- 2.28%
- ALL TIME*
- 1.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $329.30M | $278.55M | $282.49M |
BVDAX vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BVDAX BlackRock 60/40 Target Allocation ETF VI Fund | 7.35% | 15.69% | 11.32% | 15.88% | -14.80% | 11.98% | 14.68% | 21.40% | -6.69% | 13.51% |
SHV iShares 0-1 Year Treasury Bond ETF | 2.03% | 4.21% | 5.12% | 5.04% | 0.94% | -0.10% | 0.81% | 2.36% | 1.72% | 0.62% |
Correlation
The correlation between BVDAX and SHV is 0.08, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.08 |
Correlation (3Y) Balances recent behavior with more history. | 0.09 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.04 |
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Return for Risk
BVDAX vs. SHV — Risk / Return Rank
BVDAX
SHV
BVDAX vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock 60/40 Target Allocation ETF VI Fund (BVDAX) and iShares 0-1 Year Treasury Bond ETF (SHV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BVDAX | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.46 | ||
| Sortino ratioReturn per unit of downside risk | -87.11 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 28.22 | -26.94 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 139.15 | -137.03 |
| Martin ratioReturn relative to average drawdown | 8.83 | 1,443.44 | -1,434.61 |
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Drawdowns
BVDAX vs. SHV - Drawdown Comparison
The maximum BVDAX drawdown since its inception was -22.25%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for BVDAX and SHV.
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Drawdown Indicators
| BVDAX | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.25% | -0.45% | -21.80% |
Max Drawdown (1Y)Largest decline over 1 year | -7.03% | -0.03% | -7.00% |
Max Drawdown (3Y)Largest decline over 3 years | -15.93% | -0.03% | -15.90% |
Max Drawdown (5Y)Largest decline over 5 years | -20.57% | -0.38% | -20.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -2.19% | 0.00% | -2.19% |
Average DrawdownAverage peak-to-trough decline | -3.84% | -0.03% | -3.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 0.00% | +1.68% |
Volatility
BVDAX vs. SHV - Volatility Comparison
BlackRock 60/40 Target Allocation ETF VI Fund (BVDAX) has a higher volatility of 2.97% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.07%. This indicates that BVDAX's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BVDAX | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 0.07% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 8.60% | 0.14% | +8.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.01% | 0.20% | +9.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.40% | 0.29% | +12.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.14% | 0.28% | +11.86% |
BVDAX vs. SHV - Expense Ratio Comparison
BVDAX has a 0.19% expense ratio, which is higher than SHV's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BVDAX vs. SHV - Dividend Comparison
BVDAX's dividend yield for the trailing twelve months is around 6.22%, more than SHV's 3.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BVDAX BlackRock 60/40 Target Allocation ETF VI Fund | 6.22% | 6.28% | 8.43% | 2.01% | 2.23% | 9.51% | 1.69% | 2.94% | 2.52% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.74% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
BVDAX and SHV have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BVDAX has higher volatility (2.97%) compared to SHV (0.07%). In terms of maximum drawdown, BVDAX dropped -22.25% vs SHV's -0.45%.
SHV currently has the higher Sharpe Ratio (18.95 vs 1.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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