SHV vs. IBIT
SHV (iShares 0-1 Year Treasury Bond ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, SHV returned 3.77% vs -43.69% for IBIT. Their 0.04 correlation means their historical movements had little consistent relationship. SHV charges 0.15%/yr vs 0.25%/yr for IBIT.
Performance
SHV vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, SHV achieves a 2.03% return, which is significantly higher than IBIT's -27.17% return.
SHV
- 1D
- 0.02%
- 1M
- 0.30%
- 6M
- 1.74%
- YTD
- 2.03%
- 1Y
- 3.77%
- 3Y*
- 4.55%
- 5Y*
- 3.44%
- 10Y*
- 2.28%
- ALL TIME*
- 1.59%
IBIT
- 1D
- 1.46%
- 1M
- 3.70%
- 6M
- -18.23%
- YTD
- -27.17%
- 1Y
- -43.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.33B | $1.34B | $1.65B | |
| $329.30M | $278.55M | $282.49M |
SHV vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SHV iShares 0-1 Year Treasury Bond ETF | 2.03% | 4.21% | 5.02% |
IBIT iShares Bitcoin Trust ETF | -27.17% | -6.41% | 89.87% |
Correlation
The correlation between SHV and IBIT is 0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.04 |
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Return for Risk
SHV vs. IBIT — Risk / Return Rank
SHV
IBIT
SHV vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-1 Year Treasury Bond ETF (SHV) and iShares Bitcoin Trust ETF (IBIT). 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.
| SHV | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +19.93 | ||
| Sortino ratioReturn per unit of downside risk | +90.70 | ||
| Omega ratioGain probability vs. loss probability | 28.22 | 0.84 | +27.38 |
| Calmar ratioReturn relative to maximum drawdown | 139.15 | -0.82 | +139.98 |
| Martin ratioReturn relative to average drawdown | 1,443.44 | -1.26 | +1,444.70 |
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Drawdowns
SHV vs. IBIT - Drawdown Comparison
The maximum SHV drawdown since its inception was -0.45%, smaller than the maximum IBIT drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for SHV and IBIT.
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Drawdown Indicators
| SHV | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.45% | -53.30% | +52.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.03% | -53.30% | +53.27% |
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 | 0.00% | -49.28% | +49.28% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -18.29% | +18.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 34.80% | -34.80% |
Volatility
SHV vs. IBIT - Volatility Comparison
The current volatility for iShares 0-1 Year Treasury Bond ETF (SHV) is 0.07%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 8.98%. This indicates that SHV experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHV | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.07% | 8.98% | -8.91% |
Volatility (6M)Calculated over the trailing 6-month period | 0.14% | 33.79% | -33.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 44.48% | -44.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.29% | 49.57% | -49.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.28% | 49.57% | -49.29% |
SHV vs. IBIT - Expense Ratio Comparison
SHV has a 0.15% expense ratio, which is lower than IBIT's 0.25% 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
SHV vs. IBIT - Dividend Comparison
SHV's dividend yield for the trailing twelve months is around 3.74%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 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 | 3.74% | 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
SHV and IBIT 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.
IBIT has higher volatility (8.98%) compared to SHV (0.07%). In terms of maximum drawdown, SHV dropped -0.45% vs IBIT's -53.30%.
On 1-year performance, SHV leads with 3.77% vs -43.69% for IBIT. On fees, SHV is cheaper at 0.15% 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 3.77% return vs -43.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SHV is cheaper with a 0.15% expense ratio, compared with 0.25% for IBIT.
SHV has the higher dividend yield at 3.74%, compared with 0.00% for IBIT.
SHV is categorized as Government Bonds, while IBIT is Cryptocurrency. SHV tracks ICE Short US Treasury Securities Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.15% for SHV and 0.25% for IBIT.
SHV currently has the higher Sharpe Ratio (18.95 vs -0.99), 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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