IBTI vs. SHV
Compare and contrast key facts about iShares iBonds Dec 2028 Term Treasury ETF (IBTI) and iShares Short Treasury Bond ETF (SHV).
IBTI and SHV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBTI is a passively managed fund by iShares that tracks the performance of the ICE 2028 Maturity US Treasury Index. It was launched on Feb 25, 2020. SHV is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Short Treasury Bond Index. It was launched on Jan 11, 2007. Both IBTI and SHV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
IBTI vs. SHV - Performance Comparison
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IBTI vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 0.23% | 6.15% | 2.52% | 4.65% | -11.32% | -3.50% | 3.65% |
SHV iShares Short Treasury Bond ETF | 0.81% | 4.21% | 5.12% | 5.04% | 0.94% | -0.10% | 0.43% |
Returns By Period
In the year-to-date period, IBTI achieves a 0.23% return, which is significantly lower than SHV's 0.81% return.
IBTI
- 1D
- 0.08%
- 1M
- -0.62%
- YTD
- 0.23%
- 6M
- 1.40%
- 1Y
- 4.07%
- 3Y*
- 3.49%
- 5Y*
- 0.41%
- 10Y*
- —
SHV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 0.81%
- 6M
- 1.82%
- 1Y
- 3.99%
- 3Y*
- 4.68%
- 5Y*
- 3.19%
- 10Y*
- 2.17%
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IBTI vs. SHV - Expense Ratio Comparison
IBTI has a 0.07% expense ratio, which is lower than SHV'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%.
Return for Risk
IBTI vs. SHV — Risk / Return Rank
IBTI
SHV
IBTI vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2028 Term Treasury ETF (IBTI) and iShares Short 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.
| IBTI | SHV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | 19.56 | -17.68 |
Sortino ratioReturn per unit of downside risk | 2.94 | 153.08 | -150.14 |
Omega ratioGain probability vs. loss probability | 1.38 | 55.01 | -53.63 |
Calmar ratioReturn relative to maximum drawdown | 3.32 | 441.03 | -437.71 |
Martin ratioReturn relative to average drawdown | 11.06 | 2,478.85 | -2,467.79 |
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
| IBTI | SHV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 19.56 | -17.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 11.07 | -10.99 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 7.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 4.43 | -4.40 |
Correlation
The correlation between IBTI and SHV is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
IBTI vs. SHV - Dividend Comparison
IBTI's dividend yield for the trailing twelve months is around 3.85%, less than SHV's 3.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTI iShares iBonds Dec 2028 Term Treasury ETF | 3.85% | 3.87% | 3.92% | 3.27% | 1.70% | 0.90% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares Short Treasury Bond ETF | 3.98% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Drawdowns
IBTI vs. SHV - Drawdown Comparison
The maximum IBTI drawdown since its inception was -18.45%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for IBTI and SHV.
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Drawdown Indicators
| IBTI | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.45% | -0.45% | -18.00% |
Max Drawdown (1Y)Largest decline over 1 year | -1.24% | -0.01% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -16.18% | -0.42% | -15.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -3.99% | 0.00% | -3.99% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -0.03% | -8.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.37% | 0.00% | +0.37% |
Volatility
IBTI vs. SHV - Volatility Comparison
iShares iBonds Dec 2028 Term Treasury ETF (IBTI) has a higher volatility of 0.65% compared to iShares Short Treasury Bond ETF (SHV) at 0.05%. This indicates that IBTI'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
| IBTI | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 0.05% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 1.11% | 0.13% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.18% | 0.21% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.04% | 0.29% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 0.28% | +4.96% |