SHV vs. SOXX
SHV (iShares 0-1 Year Treasury Bond ETF) and SOXX (iShares Semiconductor ETF) are both exchange-traded funds - SHV is a Government Bonds fund tracking the ICE Short US Treasury Securities Index, while SOXX is a Semiconductors fund tracking the NYSE Semiconductor Index. Both are passively managed. Over the past 10 years, SHV returned 2.23%/yr vs 35.79%/yr for SOXX. At a correlation of -0.04, they often move in opposite directions. SHV charges 0.15%/yr vs 0.34%/yr for SOXX.
Performance
SHV vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, SHV achieves a 1.42% return, which is significantly lower than SOXX's 104.57% return. Over the past 10 years, SHV has underperformed SOXX with an annualized return of 2.23%, while SOXX has yielded a comparatively higher 35.79% annualized return.
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%
SOXX
- 1D
- 1.76%
- 1M
- 33.25%
- YTD
- 104.57%
- 6M
- 99.43%
- 1Y
- 190.05%
- 3Y*
- 57.39%
- 5Y*
- 34.50%
- 10Y*
- 35.79%
SHV vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHV iShares 0-1 Year Treasury Bond ETF | 1.42% | 4.21% | 5.12% | 5.04% | 0.94% | -0.10% | 0.81% | 2.36% | 1.72% | 0.67% |
SOXX iShares Semiconductor ETF | 104.57% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 52.72% | 62.42% | -6.49% | 39.79% |
Correlation
The correlation between SHV and SOXX is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2007 | -0.04 |
The correlation between SHV and SOXX shifts across timeframes, from -0.08 (1 year) to 0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SHV vs. SOXX — Risk / Return Rank
SHV
SOXX
SHV vs. SOXX - 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 Semiconductor ETF (SOXX). 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 | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +13.88 | ||
| Sortino ratioReturn per unit of downside risk | +144.19 | ||
| Omega ratioGain probability vs. loss probability | 53.77 | 1.74 | +52.02 |
| Calmar ratioReturn relative to maximum drawdown | 431.38 | 12.13 | +419.25 |
| Martin ratioReturn relative to average drawdown | 2,419.80 | 46.43 | +2,373.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SHV | SOXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 19.49 | 5.61 | +13.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 11.56 | 0.96 | +10.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 8.09 | 1.07 | +7.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.50 | 0.45 | +4.05 |
Drawdowns
SHV vs. SOXX - Drawdown Comparison
The maximum SHV drawdown since its inception was -0.45%, smaller than the maximum SOXX drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for SHV and SOXX.
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Drawdown Indicators
| SHV | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.45% | -70.21% | +69.76% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -15.77% | +15.76% |
Max Drawdown (3Y)Largest decline over 3 years | -0.03% | -41.36% | +41.33% |
Max Drawdown (5Y)Largest decline over 5 years | -0.40% | -45.75% | +45.35% |
Max Drawdown (10Y)Largest decline over 10 years | -0.45% | -45.75% | +45.30% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -19.97% | +19.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 4.11% | -4.11% |
Volatility
SHV vs. SOXX - Volatility Comparison
The current volatility for iShares 0-1 Year Treasury Bond ETF (SHV) is 0.05%, while iShares Semiconductor ETF (SOXX) has a volatility of 14.03%. This indicates that SHV experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHV | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 14.03% | -13.98% |
Volatility (6M)Calculated over the trailing 6-month period | 0.12% | 27.35% | -27.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 34.18% | -33.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.29% | 36.11% | -35.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.28% | 33.43% | -33.15% |
SHV vs. SOXX - Expense Ratio Comparison
SHV has a 0.15% expense ratio, which is lower than SOXX's 0.34% expense ratio.
Dividends
SHV vs. SOXX - Dividend Comparison
SHV's dividend yield for the trailing twelve months is around 3.83%, more than SOXX's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXX iShares Semiconductor ETF | 0.27% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
SHV and SOXX have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (14.03%) compared to SHV (0.05%). In terms of maximum drawdown, SHV dropped -0.45% vs SOXX's -70.21%.
On 10-year performance, SOXX leads with 35.79% vs 2.23% for SHV. On fees, SHV is cheaper at 0.15% per year. On volatility, SHV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SOXX has performed better with a 35.79% return vs 2.23%. 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 0.34% for SOXX.
SHV has the higher dividend yield at 3.83%, compared with 0.27% for SOXX.
SHV is categorized as Government Bonds, while SOXX is Semiconductors. SHV tracks ICE Short US Treasury Securities Index, while SOXX tracks NYSE Semiconductor Index. Their fees differ too: 0.15% for SHV and 0.34% for SOXX.
SHV currently has the higher Sharpe Ratio (19.49 vs 5.61), 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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