SHV vs. USD=X
SHV (iShares 0-1 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE Short US Treasury Securities Index, while USD=X (USD Cash) is a currency. Over the past 10 years, SHV returned 2.23%/yr vs 0.00%/yr for USD=X.
Performance
SHV vs. USD=X - Performance Comparison
Loading charts...
Returns By Period
SHV
- 1D
- 0.01%
- 1M
- 0.26%
- YTD
- 1.47%
- 6M
- 1.74%
- 1Y
- 3.90%
- 3Y*
- 4.63%
- 5Y*
- 3.33%
- 10Y*
- 2.23%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
SHV vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHV iShares 0-1 Year Treasury Bond ETF | 1.47% | 4.21% | 5.12% | 5.04% | 0.94% | -0.10% | 0.81% | 2.36% | 1.72% | 0.67% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SHV vs. USD=X — Risk / Return Rank
SHV
USD=X
SHV vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-1 Year Treasury Bond ETF (SHV) and USD Cash (USD=X). 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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 53.77 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 431.38 | — | — |
| Martin ratioReturn 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. | |||
Loading charts...
Sharpe Ratios by Period
| SHV | USD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 19.49 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 11.62 | — | — |
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. USD=X - Drawdown Comparison
The maximum SHV drawdown since its inception was -0.45%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SHV and USD=X.
Loading charts...
Drawdown Indicators
| SHV | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.45% | 0.00% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | 0.00% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.03% | 0.00% | -0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -0.39% | 0.00% | -0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -0.45% | 0.00% | -0.45% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.03% | 0.00% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.00% | 0.00% |
Volatility
SHV vs. USD=X - Volatility Comparison
iShares 0-1 Year Treasury Bond ETF (SHV) has a higher volatility of 0.05% compared to USD Cash (USD=X) at 0.00%. This indicates that SHV's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SHV | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 0.00% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.12% | 0.00% | +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% |
Frequently Asked Questions
SHV has higher volatility (0.05%) compared to USD=X (0.00%). In terms of maximum drawdown, SHV dropped -0.45% vs USD=X's 0.00%.
Find the right allocation for SHV and USD=X
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer