SHV vs. BIL
Compare and contrast key facts about iShares Short Treasury Bond ETF (SHV) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
SHV and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007. Both SHV and BIL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHV or BIL.
Performance
SHV vs. BIL - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SHV having a 4.57% return and BIL slightly higher at 4.66%. Both investments have delivered pretty close results over the past 10 years, with SHV having a 1.63% annualized return and BIL not far behind at 1.56%.
SHV
4.57%
0.37%
2.59%
5.23%
2.27%
1.63%
BIL
4.66%
0.38%
2.55%
5.26%
2.28%
1.56%
Key characteristics
| SHV | BIL | |
|---|---|---|
| Sharpe Ratio | 19.54 | 20.40 |
| Sortino Ratio | 131.65 | 273.00 |
| Omega Ratio | 52.51 | 158.62 |
| Calmar Ratio | 193.31 | 482.85 |
| Martin Ratio | 1,943.02 | 4,446.75 |
| Ulcer Index | 0.00% | 0.00% |
| Daily Std Dev | 0.27% | 0.26% |
| Max Drawdown | -0.46% | -0.77% |
| Current Drawdown | 0.00% | 0.00% |
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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%.
Correlation
The correlation between SHV and BIL is 0.24, 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.
Risk-Adjusted Performance
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.
Dividends
SHV vs. BIL - Dividend Comparison
SHV's dividend yield for the trailing twelve months is around 5.15%, which matches BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHV iShares Short Treasury Bond ETF | 5.15% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% | 0.00% | 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.
Volatility
SHV vs. BIL - Volatility Comparison
The current volatility for iShares Short Treasury Bond ETF (SHV) is 0.07%, while SPDR Barclays 1-3 Month T-Bill ETF (BIL) has a volatility of 0.08%. This indicates that SHV experiences smaller price fluctuations and is considered to be less risky than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.