IBTE vs. SHY

Last updated Jun 5, 2026

IBTE (iShares iBonds Dec 2024 Term Treasury ETF) and SHY (iShares 1-3 Year Treasury Bond ETF) are both Government Bonds funds from iShares - IBTE tracks the ICE 2024 Maturity US Treasury Index while SHY tracks the ICE US Treasury 1-3 Year Index. Both are passively managed. IBTE charges 0.07%/yr vs 0.15%/yr for SHY.

Performance

IBTE vs. SHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2024 Term Treasury ETF (IBTE) and iShares 1-3 Year Treasury Bond ETF (SHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBTE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHY

• 1D: 0.07%
• 1M: 0.10%
• YTD: 0.50%
• 6M: 0.84%
• 1Y: 3.20%
• 3Y*: 4.04%
• 5Y*: 1.73%
• 10Y*: 1.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBTE vs. SHY - Yearly Performance Comparison

	2026 (YTD)
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%
SHY iShares 1-3 Year Treasury Bond ETF	0.15%

Return for Risk

IBTE vs. SHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHY

SHY Risk / Return Rank: 79
SHY Sharpe Ratio Rank: 76
SHY Sortino Ratio Rank: 88
SHY Omega Ratio Rank: 83
SHY Calmar Ratio Rank: 74
SHY Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBTE vs. SHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Treasury ETF (IBTE) and iShares 1-3 Year Treasury Bond ETF (SHY). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IBTE	SHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.42	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.29	—

Drawdowns

IBTE vs. SHY - Drawdown Comparison

The maximum IBTE drawdown since its inception was 0.00%, smaller than the maximum SHY drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for IBTE and SHY.

Drawdown Indicators

	IBTE	SHY	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-5.71%	+5.71%
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 Drawdown Current decline from peak	0.00%	-0.23%	+0.23%
Average Drawdown Average peak-to-trough decline	0.00%	-0.52%	+0.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.22%	—

Volatility

Volatility by Period

	IBTE	SHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.93%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	1.34%	-1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	1.98%	-1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	1.57%	-1.57%

IBTE vs. SHY - Expense Ratio Comparison

IBTE has a 0.07% expense ratio, which is lower than SHY's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IBTE vs. SHY - Dividend Comparison

IBTE has not paid dividends to shareholders, while SHY's dividend yield for the trailing twelve months is around 3.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SHY iShares 1-3 Year Treasury Bond ETF	3.68%	3.81%	3.92%	2.99%	1.30%	0.26%	0.94%	2.12%	1.72%	0.98%	0.71%	0.54%

Frequently Asked Questions

Which ETF is better, IBTE or SHY?

On fees, IBTE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBTE or SHY?

IBTE is cheaper with a 0.07% expense ratio, compared with 0.15% for SHY.

Which ETF pays a higher dividend yield, IBTE or SHY?

SHY has the higher dividend yield at 3.68%, compared with 0.00% for IBTE.

What is the main difference between IBTE and SHY?

IBTE tracks ICE 2024 Maturity US Treasury Index, while SHY tracks ICE US Treasury 1-3 Year Index. Their fees differ too: 0.07% for IBTE and 0.15% for SHY.