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SHV vs. BIL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SHV and BIL is -0.08. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -0.1

Performance

SHV vs. BIL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Short Treasury Bond ETF (SHV) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). The values are adjusted to include any dividend payments, if applicable.

22.00%23.00%24.00%25.00%26.00%27.00%NovemberDecember2025FebruaryMarchApril
27.35%
24.21%
SHV
BIL

Key characteristics

Sharpe Ratio

SHV:

21.19

BIL:

20.50

Sortino Ratio

SHV:

283.43

BIL:

251.65

Omega Ratio

SHV:

133.51

BIL:

146.29

Calmar Ratio

SHV:

540.19

BIL:

445.64

Martin Ratio

SHV:

4,608.89

BIL:

4,090.73

Ulcer Index

SHV:

0.00%

BIL:

0.00%

Daily Std Dev

SHV:

0.23%

BIL:

0.24%

Max Drawdown

SHV:

-0.46%

BIL:

-0.77%

Current Drawdown

SHV:

0.00%

BIL:

0.00%

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with SHV at 1.33% and BIL at 1.33%. Both investments have delivered pretty close results over the past 10 years, with SHV having a 1.82% annualized return and BIL not far behind at 1.76%.


SHV

YTD

1.33%

1M

0.32%

6M

2.19%

1Y

4.87%

5Y*

2.45%

10Y*

1.82%

BIL

YTD

1.33%

1M

0.32%

6M

2.17%

1Y

4.82%

5Y*

2.54%

10Y*

1.76%

*Annualized

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SHV vs. BIL - Expense Ratio Comparison

SHV has a 0.15% expense ratio, which is higher than BIL's 0.14% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


Expense ratio chart for SHV: current value is 0.15%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SHV: 0.15%
Expense ratio chart for BIL: current value is 0.14%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BIL: 0.14%

Risk-Adjusted Performance

SHV vs. BIL — Risk-Adjusted Performance Rank

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

SHV
The Risk-Adjusted Performance Rank of SHV is 100100
Overall Rank
The Sharpe Ratio Rank of SHV is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of SHV is 100100
Sortino Ratio Rank
The Omega Ratio Rank of SHV is 100100
Omega Ratio Rank
The Calmar Ratio Rank of SHV is 100100
Calmar Ratio Rank
The Martin Ratio Rank of SHV is 100100
Martin Ratio Rank

BIL
The Risk-Adjusted Performance Rank of BIL is 100100
Overall Rank
The Sharpe Ratio Rank of BIL is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of BIL is 100100
Sortino Ratio Rank
The Omega Ratio Rank of BIL is 100100
Omega Ratio Rank
The Calmar Ratio Rank of BIL is 100100
Calmar Ratio Rank
The Martin Ratio Rank of BIL is 100100
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SHV vs. BIL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Short Treasury Bond ETF (SHV) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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.


The chart of Sharpe ratio for SHV, currently valued at 21.19, compared to the broader market-1.000.001.002.003.004.00
SHV: 21.19
BIL: 20.50
The chart of Sortino ratio for SHV, currently valued at 283.43, compared to the broader market-2.000.002.004.006.008.00
SHV: 283.43
BIL: 251.65
The chart of Omega ratio for SHV, currently valued at 133.51, compared to the broader market0.501.001.502.002.50
SHV: 133.51
BIL: 146.29
The chart of Calmar ratio for SHV, currently valued at 540.19, compared to the broader market0.002.004.006.008.0010.0012.00
SHV: 540.19
BIL: 445.64
The chart of Martin ratio for SHV, currently valued at 4608.89, compared to the broader market0.0020.0040.0060.00
SHV: 4,608.89
BIL: 4,090.73

The current SHV Sharpe Ratio is 21.19, which is comparable to the BIL Sharpe Ratio of 20.50. The chart below compares the historical Sharpe Ratios of SHV and BIL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio19.5020.0020.5021.00NovemberDecember2025FebruaryMarchApril
21.19
20.50
SHV
BIL

Dividends

SHV vs. BIL - Dividend Comparison

SHV's dividend yield for the trailing twelve months is around 4.78%, which matches BIL's 4.76% yield.


TTM20242023202220212020201920182017201620152014
SHV
iShares Short Treasury Bond ETF
4.78%5.02%4.73%1.39%0.00%0.74%2.19%1.66%0.72%0.34%0.03%0.00%
BIL
SPDR Barclays 1-3 Month T-Bill ETF
4.76%5.03%4.92%1.35%0.00%0.30%2.05%1.66%0.68%0.07%0.00%0.00%

Drawdowns

SHV vs. BIL - Drawdown Comparison

The maximum SHV drawdown since its inception was -0.46%, smaller than the maximum BIL drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for SHV and BIL. For additional features, visit the drawdowns tool.


-0.01%-0.01%-0.01%-0.00%-0.00%0.00%NovemberDecember2025FebruaryMarchApril00
SHV
BIL

Volatility

SHV vs. BIL - Volatility Comparison

iShares Short Treasury Bond ETF (SHV) and SPDR Barclays 1-3 Month T-Bill ETF (BIL) have volatilities of 0.07% and 0.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


0.04%0.05%0.06%0.07%0.08%NovemberDecember2025FebruaryMarchApril
0.07%
0.07%
SHV
BIL