DUSB vs. SHV
DUSB (Dimensional Ultrashort Fixed Income ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both exchange-traded funds - DUSB is a Ultrashort Bond fund actively managed by Dimensional, while SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index. DUSB is actively managed, while SHV is passively managed. Over the past year, DUSB returned 4.31% vs 3.90% for SHV. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.15% expense ratio.
Performance
DUSB vs. SHV - Performance Comparison
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Returns By Period
In the year-to-date period, DUSB achieves a 1.68% return, which is significantly higher than SHV's 1.42% return.
DUSB
- 1D
- 0.02%
- 1M
- 0.34%
- YTD
- 1.68%
- 6M
- 1.97%
- 1Y
- 4.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHV
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.42%
- 6M
- 1.75%
- 1Y
- 3.90%
- 3Y*
- 4.64%
- 5Y*
- 3.31%
- 10Y*
- 2.23%
DUSB vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DUSB Dimensional Ultrashort Fixed Income ETF | 1.68% | 4.53% | 5.60% | 1.79% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.42% | 4.21% | 5.12% | 1.49% |
Correlation
The correlation between DUSB and SHV is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023 | 0.08 |
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Return for Risk
DUSB vs. SHV — Risk / Return Rank
DUSB
SHV
DUSB vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Ultrashort Fixed Income ETF (DUSB) 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.
| DUSB | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -9.39 | ||
| Sortino ratioReturn per unit of downside risk | -125.44 | ||
| Omega ratioGain probability vs. loss probability | 4.87 | 53.77 | -48.90 |
| Calmar ratioReturn relative to maximum drawdown | 55.00 | 431.38 | -376.39 |
| Martin ratioReturn relative to average drawdown | 332.80 | 2,419.80 | -2,087.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DUSB | SHV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.10 | 19.49 | -9.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 11.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 8.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 9.88 | 4.50 | +5.38 |
Drawdowns
DUSB vs. SHV - Drawdown Comparison
The maximum DUSB drawdown since its inception was -0.29%, smaller than the maximum SHV drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for DUSB and SHV.
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Drawdown Indicators
| DUSB | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.29% | -0.45% | +0.16% |
Max Drawdown (1Y)Largest decline over 1 year | -0.08% | -0.01% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -0.02% | 0.00% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -0.01% | -0.03% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.00% | +0.01% |
Volatility
DUSB vs. SHV - Volatility Comparison
Dimensional Ultrashort Fixed Income ETF (DUSB) has a higher volatility of 0.13% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.05%. This indicates that DUSB'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
| DUSB | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.13% | 0.05% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.30% | 0.12% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.43% | 0.20% | +0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.52% | 0.29% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.52% | 0.28% | +0.24% |
DUSB vs. SHV - Expense Ratio Comparison
Both DUSB and SHV have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
DUSB vs. SHV - Dividend Comparison
DUSB's dividend yield for the trailing twelve months is around 4.06%, more than SHV's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DUSB Dimensional Ultrashort Fixed Income ETF | 4.06% | 4.32% | 4.92% | 1.23% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.83% | 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
DUSB and SHV have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DUSB has higher volatility (0.13%) compared to SHV (0.05%). In terms of maximum drawdown, DUSB dropped -0.29% vs SHV's -0.45%.
On 1-year performance, DUSB leads with 4.31% vs 3.90% for SHV. Both ETFs have the same 0.15% expense ratio. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DUSB has performed better with a 4.31% return vs 3.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DUSB and SHV have the same expense ratio: 0.15% per year.
DUSB has the higher dividend yield at 4.06%, compared with 3.83% for SHV.
DUSB is categorized as Ultrashort Bond, while SHV is Government Bonds. They also come from different issuers: Dimensional and iShares.
SHV currently has the higher Sharpe Ratio (19.49 vs 10.10), 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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