IBTR vs. SHV
IBTR (iShares iBonds Dec 2036 Term Treasury ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both Government Bonds funds from iShares - IBTR tracks the ICE 2036 Maturity US Treasury Index while SHV tracks the ICE Short US Treasury Securities Index. Both are passively managed. Their 0.34 correlation means their historical movements had little consistent relationship. IBTR charges 0.07%/yr vs 0.15%/yr for SHV.
Performance
IBTR vs. SHV - Performance Comparison
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Returns By Period
IBTR
- 1D
- -0.38%
- 1M
- -1.56%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SHV
- 1D
- 0.03%
- 1M
- 0.28%
- 6M
- 1.75%
- YTD
- 2.01%
- 1Y
- 3.75%
- 3Y*
- 4.57%
- 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) |
|---|---|---|---|
| $481.12K | $362.65K | $277.01K | |
| $305.51M | $271.51M | $279.65M |
IBTR vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IBTR iShares iBonds Dec 2036 Term Treasury ETF | -1.13% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.26% |
Correlation
The correlation between IBTR and SHV is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | 0.34 |
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Return for Risk
IBTR vs. SHV — Risk / Return Rank
IBTR
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SHV
IBTR vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2036 Term Treasury ETF (IBTR) 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.
| IBTR | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 28.72 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 141.77 | — |
| Martin ratioReturn relative to average drawdown | — | 1,470.54 | — |
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Drawdowns
IBTR vs. SHV - Drawdown Comparison
The maximum IBTR drawdown since its inception was -2.88%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for IBTR and SHV.
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Drawdown Indicators
| IBTR | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.88% | -0.45% | -2.43% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.03% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | -2.36% | 0.00% | -2.36% |
Average DrawdownAverage peak-to-trough decline | -1.07% | -0.03% | -1.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
IBTR vs. SHV - Volatility Comparison
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Volatility by Period
| IBTR | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.28% | 0.21% | +5.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.28% | 0.29% | +4.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.28% | 0.28% | +5.00% |
IBTR vs. SHV - Expense Ratio Comparison
IBTR 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%.
Dividends
IBTR vs. SHV - Dividend Comparison
IBTR's dividend yield for the trailing twelve months is around 1.01%, less than SHV's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTR iShares iBonds Dec 2036 Term Treasury ETF | 1.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.43% | 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
IBTR and SHV have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTR is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTR is cheaper with a 0.07% expense ratio, compared with 0.15% for SHV.
SHV has the higher dividend yield at 3.43%, compared with 1.01% for IBTR.
IBTR tracks ICE 2036 Maturity US Treasury Index, while SHV tracks ICE Short US Treasury Securities Index. Their fees differ too: 0.07% for IBTR and 0.15% for SHV.
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