SHY vs. SHV
Compare and contrast key facts about iShares 1-3 Year Treasury Bond ETF (SHY) and iShares Short Treasury Bond ETF (SHV).
SHY and SHV 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. SHV is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Short Treasury Bond Index. It was launched on Jan 11, 2007. Both SHY and SHV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SHY or SHV.
Performance
SHY vs. SHV - Performance Comparison
Returns By Period
In the year-to-date period, SHY achieves a 3.28% return, which is significantly lower than SHV's 4.52% return. Over the past 10 years, SHY has underperformed SHV with an annualized return of 1.18%, while SHV has yielded a comparatively higher 1.62% annualized return.
SHY
3.28%
-0.35%
2.78%
4.82%
1.18%
1.18%
SHV
4.52%
0.37%
2.58%
5.23%
2.26%
1.62%
Key characteristics
| SHY | SHV | |
|---|---|---|
| Sharpe Ratio | 2.66 | 19.43 |
| Sortino Ratio | 4.24 | 132.12 |
| Omega Ratio | 1.55 | 52.69 |
| Calmar Ratio | 2.29 | 194.01 |
| Martin Ratio | 13.56 | 1,950.07 |
| Ulcer Index | 0.37% | 0.00% |
| Daily Std Dev | 1.88% | 0.27% |
| Max Drawdown | -5.71% | -0.46% |
| Current Drawdown | -0.86% | 0.00% |
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SHY vs. SHV - Expense Ratio Comparison
Both SHY and SHV 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%.
Correlation
The correlation between SHY and SHV is 0.27, 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.
Risk-Adjusted Performance
SHY vs. SHV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 1-3 Year Treasury Bond ETF (SHY) and iShares Short Treasury Bond ETF (SHV). 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.
Dividends
SHY vs. SHV - Dividend Comparison
SHY's dividend yield for the trailing twelve months is around 3.86%, less than SHV's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHY iShares 1-3 Year Treasury Bond ETF | 3.86% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.72% | 0.54% | 0.36% | 0.26% |
SHV iShares Short Treasury Bond ETF | 5.15% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% | 0.00% | 0.00% |
Drawdowns
SHY vs. SHV - Drawdown Comparison
The maximum SHY drawdown since its inception was -5.71%, which is greater than SHV's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for SHY and SHV. For additional features, visit the drawdowns tool.
Volatility
SHY vs. SHV - Volatility Comparison
iShares 1-3 Year Treasury Bond ETF (SHY) has a higher volatility of 0.42% compared to iShares Short Treasury Bond ETF (SHV) at 0.08%. This indicates that SHY's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.