SHY vs. IBTF
Compare and contrast key facts about iShares 1-3 Year Treasury Bond ETF (SHY) and iShares iBonds Dec 2025 Term Treasury ETF (IBTF).
SHY and IBTF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHY is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 1-3 Year Treasury Bond Index. It was launched on Jul 22, 2002. IBTF is a passively managed fund by iShares that tracks the performance of the ICE 2025 Maturity US Treasury Index. It was launched on Feb 25, 2020. Both SHY and IBTF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SHY vs. IBTF - Performance Comparison
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SHY vs. IBTF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SHY iShares 1-3 Year Treasury Bond ETF | 0.27% | 4.95% | 3.92% | 4.16% | -3.88% | -0.71% | 1.55% |
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 0.00% | 3.81% | 4.60% | 4.12% | -6.39% | -2.31% | 3.60% |
Returns By Period
SHY
- 1D
- 0.08%
- 1M
- -0.47%
- YTD
- 0.27%
- 6M
- 1.34%
- 1Y
- 3.61%
- 3Y*
- 3.88%
- 5Y*
- 1.70%
- 10Y*
- 1.65%
IBTF
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.73%
- 1Y
- 2.88%
- 3Y*
- 3.59%
- 5Y*
- 1.00%
- 10Y*
- —
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SHY vs. IBTF - Expense Ratio Comparison
SHY has a 0.15% expense ratio, which is higher than IBTF'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%.
Return for Risk
SHY vs. IBTF — Risk / Return Rank
SHY
IBTF
SHY vs. IBTF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year Treasury Bond ETF (SHY) and iShares iBonds Dec 2025 Term Treasury ETF (IBTF). 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.
| SHY | IBTF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.50 | 7.41 | -4.91 |
Sortino ratioReturn per unit of downside risk | 4.12 | 17.29 | -13.17 |
Omega ratioGain probability vs. loss probability | 1.52 | 4.32 | -2.80 |
Calmar ratioReturn relative to maximum drawdown | 4.15 | 82.67 | -78.52 |
Martin ratioReturn relative to average drawdown | 16.03 | 244.42 | -228.39 |
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
| SHY | IBTF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 7.41 | -4.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.43 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 0.45 | +0.84 |
Correlation
The correlation between SHY and IBTF is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SHY vs. IBTF - Dividend Comparison
SHY's dividend yield for the trailing twelve months is around 3.75%, more than IBTF's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHY iShares 1-3 Year Treasury Bond ETF | 3.75% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
IBTF iShares iBonds Dec 2025 Term Treasury ETF | 3.14% | 3.83% | 4.32% | 4.03% | 1.93% | 0.57% | 0.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SHY vs. IBTF - Drawdown Comparison
The maximum SHY drawdown since its inception was -5.71%, smaller than the maximum IBTF drawdown of -10.45%. Use the drawdown chart below to compare losses from any high point for SHY and IBTF.
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Drawdown Indicators
| SHY | IBTF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.71% | -10.45% | +4.74% |
Max Drawdown (1Y)Largest decline over 1 year | -0.89% | -0.04% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -5.71% | -9.53% | +3.82% |
Max Drawdown (10Y)Largest decline over 10 years | -5.71% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | 0.00% | -0.47% |
Average DrawdownAverage peak-to-trough decline | -0.52% | -3.42% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.23% | 0.01% | +0.22% |
Volatility
SHY vs. IBTF - Volatility Comparison
iShares 1-3 Year Treasury Bond ETF (SHY) has a higher volatility of 0.58% compared to iShares iBonds Dec 2025 Term Treasury ETF (IBTF) at 0.00%. This indicates that SHY's price experiences larger fluctuations and is considered to be riskier than IBTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHY | IBTF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.58% | 0.00% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 0.89% | 0.25% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.45% | 0.46% | +0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.97% | 2.39% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.56% | 2.60% | -1.04% |