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

Correlation

The correlation between SHV and LQD is 0.11, 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.


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Performance

SHV vs. LQD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Short Treasury Bond ETF (SHV) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%4.00%5.00%6.00%AugustSeptemberOctoberNovemberDecember2025
2.52%
0.11%
SHV
LQD

Key characteristics

Sharpe Ratio

SHV:

19.88

LQD:

0.16

Sortino Ratio

SHV:

131.97

LQD:

0.27

Omega Ratio

SHV:

56.23

LQD:

1.03

Calmar Ratio

SHV:

188.40

LQD:

0.07

Martin Ratio

SHV:

1,937.98

LQD:

0.47

Ulcer Index

SHV:

0.00%

LQD:

2.43%

Daily Std Dev

SHV:

0.26%

LQD:

6.99%

Max Drawdown

SHV:

-0.46%

LQD:

-24.95%

Current Drawdown

SHV:

0.00%

LQD:

-11.86%

Returns By Period

In the year-to-date period, SHV achieves a 0.08% return, which is significantly higher than LQD's -0.78% return. Over the past 10 years, SHV has underperformed LQD with an annualized return of 1.69%, while LQD has yielded a comparatively higher 2.06% annualized return.


SHV

YTD

0.08%

1M

0.35%

6M

2.52%

1Y

5.13%

5Y*

2.36%

10Y*

1.69%

LQD

YTD

-0.78%

1M

-3.65%

6M

0.11%

1Y

0.97%

5Y*

-0.54%

10Y*

2.06%

*Annualized

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SHV vs. LQD - Expense Ratio Comparison

Both SHV and LQD have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Expense ratio chart for SHV: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%
Expense ratio chart for LQD: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%

Risk-Adjusted Performance

SHV vs. LQD — 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

LQD
The Risk-Adjusted Performance Rank of LQD is 1313
Overall Rank
The Sharpe Ratio Rank of LQD is 1414
Sharpe Ratio Rank
The Sortino Ratio Rank of LQD is 1313
Sortino Ratio Rank
The Omega Ratio Rank of LQD is 1313
Omega Ratio Rank
The Calmar Ratio Rank of LQD is 1313
Calmar Ratio Rank
The Martin Ratio Rank of LQD is 1414
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. LQD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Short Treasury Bond ETF (SHV) and iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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 19.88, compared to the broader market0.002.004.0019.880.16
The chart of Sortino ratio for SHV, currently valued at 131.97, compared to the broader market-2.000.002.004.006.008.0010.0012.00131.970.27
The chart of Omega ratio for SHV, currently valued at 56.23, compared to the broader market0.501.001.502.002.503.0056.231.03
The chart of Calmar ratio for SHV, currently valued at 188.40, compared to the broader market0.005.0010.0015.00188.400.07
The chart of Martin ratio for SHV, currently valued at 1937.98, compared to the broader market0.0020.0040.0060.0080.00100.001,937.980.47
SHV
LQD

The current SHV Sharpe Ratio is 19.88, which is higher than the LQD Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of SHV and LQD, 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 Ratio0.005.0010.0015.0020.00AugustSeptemberOctoberNovemberDecember2025
19.88
0.16
SHV
LQD

Dividends

SHV vs. LQD - Dividend Comparison

SHV's dividend yield for the trailing twelve months is around 5.02%, more than LQD's 4.48% yield.


TTM20242023202220212020201920182017201620152014
SHV
iShares Short Treasury Bond ETF
5.02%5.02%4.73%1.39%0.00%0.74%2.19%1.66%0.72%0.34%0.03%0.00%
LQD
iShares iBoxx $ Investment Grade Corporate Bond ETF
4.48%4.45%3.99%3.30%2.30%2.66%3.29%3.67%3.10%3.34%3.47%3.39%

Drawdowns

SHV vs. LQD - Drawdown Comparison

The maximum SHV drawdown since its inception was -0.46%, smaller than the maximum LQD drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for SHV and LQD. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%AugustSeptemberOctoberNovemberDecember20250
-11.86%
SHV
LQD

Volatility

SHV vs. LQD - Volatility Comparison

The current volatility for iShares Short Treasury Bond ETF (SHV) is 0.04%, while iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) has a volatility of 1.79%. This indicates that SHV experiences smaller price fluctuations and is considered to be less risky than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.50%1.00%1.50%2.00%2.50%AugustSeptemberOctoberNovemberDecember2025
0.04%
1.79%
SHV
LQD