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

Correlation

The correlation between SHV and SHY is -0.07. 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. SHY - Performance Comparison

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

26.00%28.00%30.00%32.00%34.00%36.00%38.00%NovemberDecember2025FebruaryMarchApril
29.72%
38.97%
SHV
SHY

Key characteristics

Sharpe Ratio

SHV:

21.17

SHY:

3.72

Sortino Ratio

SHV:

282.37

SHY:

6.55

Omega Ratio

SHV:

133.02

SHY:

1.84

Calmar Ratio

SHV:

538.11

SHY:

6.25

Martin Ratio

SHV:

4,591.19

SHY:

17.97

Ulcer Index

SHV:

0.00%

SHY:

0.34%

Daily Std Dev

SHV:

0.23%

SHY:

1.63%

Max Drawdown

SHV:

-0.46%

SHY:

-5.73%

Current Drawdown

SHV:

0.00%

SHY:

0.00%

Returns By Period

In the year-to-date period, SHV achieves a 1.29% return, which is significantly lower than SHY's 1.96% return. Over the past 10 years, SHV has outperformed SHY with an annualized return of 1.81%, while SHY has yielded a comparatively lower 1.39% annualized return.


SHV

YTD

1.29%

1M

0.34%

6M

2.19%

1Y

4.88%

5Y*

2.44%

10Y*

1.81%

SHY

YTD

1.96%

1M

0.67%

6M

2.40%

1Y

6.00%

5Y*

1.09%

10Y*

1.39%

*Annualized

Compare stocks, funds, or ETFs

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SHV vs. SHY - Expense Ratio Comparison

Both SHV and SHY 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 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 SHY: 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%
SHY: 0.15%

Risk-Adjusted Performance

SHV vs. SHY — 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

SHY
The Risk-Adjusted Performance Rank of SHY is 9898
Overall Rank
The Sharpe Ratio Rank of SHY is 9999
Sharpe Ratio Rank
The Sortino Ratio Rank of SHY is 9999
Sortino Ratio Rank
The Omega Ratio Rank of SHY is 9898
Omega Ratio Rank
The Calmar Ratio Rank of SHY is 9898
Calmar Ratio Rank
The Martin Ratio Rank of SHY is 9797
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. SHY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Short Treasury Bond ETF (SHV) and iShares 1-3 Year Treasury Bond ETF (SHY). 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 21.17, compared to the broader market-1.000.001.002.003.004.00
SHV: 21.17
SHY: 3.72
The chart of Sortino ratio for SHV, currently valued at 282.37, compared to the broader market-2.000.002.004.006.008.00
SHV: 282.37
SHY: 6.55
The chart of Omega ratio for SHV, currently valued at 133.02, compared to the broader market0.501.001.502.00
SHV: 133.02
SHY: 1.84
The chart of Calmar ratio for SHV, currently valued at 538.11, compared to the broader market0.002.004.006.008.0010.0012.00
SHV: 538.11
SHY: 6.25
The chart of Martin ratio for SHV, currently valued at 4591.19, compared to the broader market0.0020.0040.0060.00
SHV: 4,591.19
SHY: 17.97

The current SHV Sharpe Ratio is 21.17, which is higher than the SHY Sharpe Ratio of 3.72. The chart below compares the historical Sharpe Ratios of SHV and SHY, 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 Ratio5.0010.0015.0020.00NovemberDecember2025FebruaryMarchApril
21.17
3.72
SHV
SHY

Dividends

SHV vs. SHY - Dividend Comparison

SHV's dividend yield for the trailing twelve months is around 4.78%, more than SHY's 3.94% 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%
SHY
iShares 1-3 Year Treasury Bond ETF
3.94%3.92%2.99%1.30%0.24%0.94%2.12%1.72%0.98%0.71%0.54%0.36%

Drawdowns

SHV vs. SHY - Drawdown Comparison

The maximum SHV drawdown since its inception was -0.46%, smaller than the maximum SHY drawdown of -5.73%. Use the drawdown chart below to compare losses from any high point for SHV and SHY. For additional features, visit the drawdowns tool.


-1.00%-0.80%-0.60%-0.40%-0.20%0.00%NovemberDecember2025FebruaryMarchApril00
SHV
SHY

Volatility

SHV vs. SHY - Volatility Comparison

The current volatility for iShares Short Treasury Bond ETF (SHV) is 0.06%, while iShares 1-3 Year Treasury Bond ETF (SHY) has a volatility of 0.56%. This indicates that SHV experiences smaller price fluctuations and is considered to be less risky than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.10%0.20%0.30%0.40%0.50%0.60%NovemberDecember2025FebruaryMarchApril
0.06%
0.56%
SHV
SHY