PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
SHY vs. ISHG
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SHY vs. ISHG

Last updated Apr 1, 2026

Compare and contrast key facts about iShares 1-3 Year Treasury Bond ETF (SHY) and iShares 1-3 Year International Treasury Bond ETF (ISHG).

SHY and ISHG 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. ISHG is a passively managed fund by iShares that tracks the performance of the S&P/Citigroup International Treasury Bond Index Ex-US 1-3 Year. It was launched on Jan 21, 2009. Both SHY and ISHG 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. ISHG - Performance Comparison

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

Loading graphics...

SHY vs. ISHG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SHY
iShares 1-3 Year Treasury Bond ETF		0.27%4.95%3.92%4.16%-3.88%-0.71%3.03%3.38%1.46%0.26%
ISHG
iShares 1-3 Year International Treasury Bond ETF		-1.40%13.31%-4.16%3.76%-10.95%-7.05%7.47%-0.64%-3.54%10.91%

Returns By Period

In the year-to-date period, SHY achieves a 0.27% return, which is significantly higher than ISHG's -1.40% return. Over the past 10 years, SHY has outperformed ISHG with an annualized return of 1.65%, while ISHG has yielded a comparatively lower -0.25% annualized return.

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%

ISHG

1D
0.84%
1M
-3.05%
YTD
-1.40%
6M
-1.20%
1Y
6.94%
3Y*
3.26%
5Y*
-0.90%
10Y*
-0.25%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares 1-3 Year Treasury Bond ETF

iShares 1-3 Year International Treasury Bond ETF

Often compared with SHY:
SHY vs. SGOVSHY vs. VGSHSHY vs. SHVSHY vs. IEFSHY vs. TLTSHY vs. BILSHY vs. BSV
Often compared with ISHG:
ISHG vs. BWZISHG vs. FLIAISHG vs. GRNBISHG vs. AGGISHG vs. BNDXISHG vs. VOOISHG vs. VETY.L

SHY vs. ISHG - Expense Ratio Comparison

SHY has a 0.15% expense ratio, which is lower than ISHG's 0.35% expense ratio.

ISHG
iShares 1-3 Year International Treasury Bond ETF
SHY
iShares 1-3 Year Treasury Bond ETF

Return for Risk

SHY vs. ISHG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SHY
SHY Risk / Return Rank: 9696
Overall Rank
SHY Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
SHY Sortino Ratio Rank: 9898
Sortino Ratio Rank
SHY Omega Ratio Rank: 9797
Omega Ratio Rank
SHY Calmar Ratio Rank: 9696
Calmar Ratio Rank
SHY Martin Ratio Rank: 9696
Martin Ratio Rank
ISHG
ISHG Risk / Return Rank: 5050
Overall Rank
ISHG Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
ISHG Sortino Ratio Rank: 5757
Sortino Ratio Rank
ISHG Omega Ratio Rank: 4545
Omega Ratio Rank
ISHG Calmar Ratio Rank: 5555
Calmar Ratio Rank
ISHG Martin Ratio Rank: 4242
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHY vs. ISHG - 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 1-3 Year International Treasury Bond ETF (ISHG). 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.

SHYISHGDifference

Sharpe ratio

Return per unit of total volatility

2.50

0.90

+1.60

Sortino ratio

Return per unit of downside risk

4.12

1.44

+2.68

Omega ratio

Gain probability vs. loss probability

1.52

1.17

+0.35

Calmar ratio

Return relative to maximum drawdown

4.15

1.33

+2.82

Martin ratio

Return relative to average drawdown

16.03

3.77

+12.26

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SHY vs. ISHG - Sharpe Ratio Comparison

The current SHY Sharpe Ratio is 2.50, which is higher than the ISHG Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of SHY and ISHG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

SHYISHGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.50

0.90

+1.60

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.87

-0.12

+0.99

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

1.06

-0.04

+1.09

Sharpe Ratio (All Time)

Calculated using the full available price history

1.29

-0.09

+1.38

Correlation

The correlation between SHY and ISHG is 0.26, 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.

Dividends

SHY vs. ISHG - Dividend Comparison

SHY's dividend yield for the trailing twelve months is around 3.75%, more than ISHG's 1.47% yield.

TTM20252024202320222021202020192018201720162015
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%
ISHG
iShares 1-3 Year International Treasury Bond ETF		1.47%1.45%2.56%0.18%0.00%1.29%0.00%0.00%1.80%0.46%0.00%0.09%

Drawdowns

SHY vs. ISHG - Drawdown Comparison

The maximum SHY drawdown since its inception was -5.71%, smaller than the maximum ISHG drawdown of -37.24%. Use the drawdown chart below to compare losses from any high point for SHY and ISHG.

Loading graphics...

Drawdown Indicators

SHYISHGDifference

Max Drawdown

Largest peak-to-trough decline

-5.71%

-37.24%

+31.53%

Max Drawdown (1Y)

Largest decline over 1 year

-0.89%

-5.02%

+4.13%

Max Drawdown (5Y)

Largest decline over 5 years

-5.71%

-24.15%

+18.44%

Max Drawdown (10Y)

Largest decline over 10 years

-5.71%

-25.56%

+19.85%

Current Drawdown

Current decline from peak

-0.47%

-23.32%

+22.85%

Average Drawdown

Average peak-to-trough decline

-0.52%

-18.40%

+17.88%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.23%

1.77%

-1.54%

Volatility

SHY vs. ISHG - Volatility Comparison

The current volatility for iShares 1-3 Year Treasury Bond ETF (SHY) is 0.58%, while iShares 1-3 Year International Treasury Bond ETF (ISHG) has a volatility of 2.62%. This indicates that SHY experiences smaller price fluctuations and is considered to be less risky than ISHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

SHYISHGDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.58%

2.62%

-2.04%

Volatility (6M)

Calculated over the trailing 6-month period

0.89%

4.30%

-3.41%

Volatility (1Y)

Calculated over the trailing 1-year period

1.45%

7.73%

-6.28%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

1.97%

7.56%

-5.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

1.56%

6.95%

-5.39%