SHV vs. IBTE

Last updated Jun 4, 2026

SHV (iShares 0-1 Year Treasury Bond ETF) and IBTE (iShares iBonds Dec 2024 Term Treasury ETF) are both Government Bonds funds from iShares - SHV tracks the ICE Short US Treasury Securities Index while IBTE tracks the ICE 2024 Maturity US Treasury Index. Both are passively managed. SHV charges 0.15%/yr vs 0.07%/yr for IBTE.

Performance

SHV vs. IBTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 0-1 Year Treasury Bond ETF (SHV) and iShares iBonds Dec 2024 Term Treasury ETF (IBTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SHV

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.42%
• 6M: 1.75%
• 1Y: 3.90%
• 3Y*: 4.64%
• 5Y*: 3.31%
• 10Y*: 2.23%

IBTE

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SHV vs. IBTE - Yearly Performance Comparison

	2026 (YTD)
SHV iShares 0-1 Year Treasury Bond ETF	1.08%
IBTE iShares iBonds Dec 2024 Term Treasury ETF	0.00%

Return for Risk

SHV vs. IBTE — Risk / Return Rank

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

SHV

SHV Risk / Return Rank: 100
SHV Sharpe Ratio Rank: 100
SHV Sortino Ratio Rank: 100
SHV Omega Ratio Rank: 100
SHV Calmar Ratio Rank: 100
SHV Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHV vs. IBTE - 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 iBonds Dec 2024 Term Treasury ETF (IBTE). 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.

	SHV	IBTE	Difference
Sharpe ratio: Return per unit of total volatility	19.49	—	—
Sortino ratio: Return per unit of downside risk	149.54	—	—
Omega ratio: Gain probability vs. loss probability	53.77	—	—
Calmar ratio: Return relative to maximum drawdown	431.38	—	—
Martin ratio: Return relative to average drawdown	2,419.80	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SHV	IBTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	19.49	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	11.56	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	8.09	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.50	—	—

Drawdowns

SHV vs. IBTE - Drawdown Comparison

The maximum SHV drawdown since its inception was -0.45%, which is greater than IBTE's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SHV and IBTE.

Drawdown Indicators

	SHV	IBTE	Difference
Max Drawdown Largest peak-to-trough decline	-0.45%	0.00%	-0.45%
Max Drawdown (1Y) Largest decline over 1 year	-0.01%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-0.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-0.45%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.03%	0.00%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	—	—

Volatility

Volatility by Period

	SHV	IBTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.12%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	0.20%	0.00%	+0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.29%	0.00%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.28%	0.00%	+0.28%

SHV vs. IBTE - Expense Ratio Comparison

SHV has a 0.15% expense ratio, which is higher than IBTE's 0.07% 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%.

Dividends

SHV vs. IBTE - Dividend Comparison

SHV's dividend yield for the trailing twelve months is around 3.83%, while IBTE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IBTE iShares iBonds Dec 2024 Term Treasury 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	3.83%	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

Which ETF is better, SHV or IBTE?

On fees, IBTE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SHV or IBTE?

IBTE is cheaper with a 0.07% expense ratio, compared with 0.15% for SHV.

Which ETF pays a higher dividend yield, SHV or IBTE?

SHV has the higher dividend yield at 3.83%, compared with 0.00% for IBTE.

What is the main difference between SHV and IBTE?

SHV tracks ICE Short US Treasury Securities Index, while IBTE tracks ICE 2024 Maturity US Treasury Index. Their fees differ too: 0.15% for SHV and 0.07% for IBTE.