IJH vs. SHV
IJH (iShares Core S&P Mid-Cap ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both exchange-traded funds - IJH is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Index, while SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index. Both are passively managed. Over the past 10 years, IJH returned 11.45%/yr vs 2.23%/yr for SHV. At a correlation of -0.06, they often move in opposite directions. IJH charges 0.05%/yr vs 0.15%/yr for SHV.
Performance
IJH vs. SHV - Performance Comparison
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Returns By Period
In the year-to-date period, IJH achieves a 14.66% return, which is significantly higher than SHV's 1.51% return. Over the past 10 years, IJH has outperformed SHV with an annualized return of 11.45%, while SHV has yielded a comparatively lower 2.23% annualized return.
IJH
- 1D
- 2.51%
- 1M
- 2.96%
- YTD
- 14.66%
- 6M
- 11.74%
- 1Y
- 25.20%
- 3Y*
- 15.52%
- 5Y*
- 8.10%
- 10Y*
- 11.45%
SHV
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.51%
- 6M
- 1.73%
- 1Y
- 3.89%
- 3Y*
- 4.63%
- 5Y*
- 3.34%
- 10Y*
- 2.23%
IJH vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IJH iShares Core S&P Mid-Cap ETF | 14.66% | 7.42% | 13.92% | 16.40% | -13.11% | 24.72% | 13.60% | 26.10% | -11.19% | 16.26% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.51% | 4.21% | 5.12% | 5.04% | 0.94% | -0.10% | 0.81% | 2.36% | 1.72% | 0.67% |
Correlation
The correlation between IJH and SHV is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2007 | -0.06 |
The correlation between IJH and SHV shifts across timeframes, from -0.06 (all time) to 0.06 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IJH vs. SHV — Risk / Return Rank
IJH
SHV
IJH vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Mid-Cap ETF (IJH) 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.
| IJH | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.88 | ||
| Sortino ratioReturn per unit of downside risk | -146.86 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 53.64 | -52.36 |
| Calmar ratioReturn relative to maximum drawdown | 2.87 | 430.34 | -427.47 |
| Martin ratioReturn relative to average drawdown | 10.47 | 2,413.95 | -2,403.48 |
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Drawdowns
IJH vs. SHV - Drawdown Comparison
The maximum IJH drawdown since its inception was -55.07%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for IJH and SHV.
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Drawdown Indicators
| IJH | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.07% | -0.45% | -54.62% |
Max Drawdown (1Y)Largest decline over 1 year | -8.83% | -0.01% | -8.82% |
Max Drawdown (3Y)Largest decline over 3 years | -24.10% | -0.03% | -24.07% |
Max Drawdown (5Y)Largest decline over 5 years | -24.10% | -0.39% | -23.71% |
Max Drawdown (10Y)Largest decline over 10 years | -42.18% | -0.45% | -41.73% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -0.03% | -7.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.41% | 0.00% | +2.41% |
Volatility
IJH vs. SHV - Volatility Comparison
iShares Core S&P Mid-Cap ETF (IJH) has a higher volatility of 5.07% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.04%. This indicates that IJH'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
| IJH | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.07% | 0.04% | +5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 0.12% | +11.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 0.20% | +15.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.80% | 0.29% | +19.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.20% | 0.28% | +20.92% |
IJH vs. SHV - Expense Ratio Comparison
IJH has a 0.05% 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
IJH vs. SHV - Dividend Comparison
IJH's dividend yield for the trailing twelve months is around 1.18%, less than SHV's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJH iShares Core S&P Mid-Cap ETF | 1.18% | 1.36% | 1.33% | 1.46% | 1.68% | 1.18% | 1.28% | 1.63% | 1.72% | 1.19% | 1.60% | 1.56% |
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
IJH and SHV have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IJH has higher volatility (5.07%) compared to SHV (0.04%). In terms of maximum drawdown, IJH dropped -55.07% vs SHV's -0.45%.
On 10-year performance, IJH leads with 11.45% vs 2.23% for SHV. On fees, IJH is cheaper at 0.05% per year. On volatility, SHV has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IJH has performed better with a 11.45% return vs 2.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IJH is cheaper with a 0.05% expense ratio, compared with 0.15% for SHV.
SHV has the higher dividend yield at 3.83%, compared with 1.18% for IJH.
IJH is categorized as Mid Cap Blend Equities, while SHV is Government Bonds. IJH tracks S&P MidCap 400 Index, while SHV tracks ICE Short US Treasury Securities Index. Their fees differ too: 0.05% for IJH and 0.15% for SHV.
SHV currently has the higher Sharpe Ratio (19.48 vs 1.59), 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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