MLDR vs. SHV
MLDR (Global X Intermediate-Term Treasury Ladder ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both Government Bonds funds. Over the past year, MLDR returned 2.21% vs 3.83% for SHV. At a 0.21 correlation, their price movements are largely independent. MLDR charges 0.12%/yr vs 0.15%/yr for SHV.
Performance
MLDR vs. SHV - Performance Comparison
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Returns By Period
In the year-to-date period, MLDR achieves a -0.27% return, which is significantly lower than SHV's 1.67% return.
MLDR
- 1D
- -0.37%
- 1M
- 0.19%
- YTD
- -0.27%
- 6M
- -0.47%
- 1Y
- 2.21%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHV
- 1D
- 0.01%
- 1M
- 0.27%
- YTD
- 1.67%
- 6M
- 1.70%
- 1Y
- 3.83%
- 3Y*
- 4.59%
- 5Y*
- 3.37%
- 10Y*
- 2.24%
MLDR vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MLDR Global X Intermediate-Term Treasury Ladder ETF | -0.27% | 7.20% | -3.31% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.67% | 4.21% | 1.47% |
Correlation
The correlation between MLDR and SHV is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024 | 0.21 |
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Return for Risk
MLDR vs. SHV — Risk / Return Rank
MLDR
SHV
MLDR vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Intermediate-Term Treasury Ladder ETF (MLDR) 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.
| MLDR | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.00 | ||
| Sortino ratioReturn per unit of downside risk | -97.11 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 35.59 | -34.48 |
| Calmar ratioReturn relative to maximum drawdown | 0.68 | 141.48 | -140.80 |
| Martin ratioReturn relative to average drawdown | 1.84 | 1,585.43 | -1,583.60 |
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Drawdowns
MLDR vs. SHV - Drawdown Comparison
The maximum MLDR drawdown since its inception was -4.55%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for MLDR and SHV.
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Drawdown Indicators
| MLDR | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.55% | -0.45% | -4.10% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -0.03% | -3.23% |
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 | -1.92% | 0.00% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -1.41% | -0.03% | -1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 0.00% | +1.22% |
Volatility
MLDR vs. SHV - Volatility Comparison
Global X Intermediate-Term Treasury Ladder ETF (MLDR) has a higher volatility of 1.28% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.07%. This indicates that MLDR'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
| MLDR | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.07% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 0.13% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 0.21% | +3.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.18% | 0.29% | +3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.18% | 0.28% | +3.90% |
MLDR vs. SHV - Expense Ratio Comparison
MLDR has a 0.12% 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
MLDR vs. SHV - Dividend Comparison
MLDR's dividend yield for the trailing twelve months is around 3.76%, less than SHV's 3.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MLDR Global X Intermediate-Term Treasury Ladder ETF | 3.76% | 3.57% | 1.11% | 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 | 3.82% | 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
MLDR and SHV have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLDR has higher volatility (1.28%) compared to SHV (0.07%). In terms of maximum drawdown, MLDR dropped -4.55% vs SHV's -0.45%.
On 1-year performance, SHV leads with 3.83% vs 2.21% for MLDR. On fees, MLDR is cheaper at 0.12% per year. On volatility, SHV has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SHV has performed better with a 3.83% return vs 2.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MLDR is cheaper with a 0.12% expense ratio, compared with 0.15% for SHV.
SHV has the higher dividend yield at 3.82%, compared with 3.76% for MLDR.
They also come from different issuers: Global X and iShares. Their fees differ too: 0.12% for MLDR and 0.15% for SHV.
SHV currently has the higher Sharpe Ratio (18.60 vs 0.60), 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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