Correlation
The correlation between TBLL and SHV is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
TBLL vs. SHV
Compare and contrast key facts about Invesco Short Term Treasury ETF (TBLL) and iShares Short Treasury Bond ETF (SHV).
TBLL and SHV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TBLL is a passively managed fund by Invesco that tracks the performance of the ICE U.S. Treasury Short Bond Index. It was launched on Jan 10, 2017. 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 TBLL 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: TBLL or SHV.
Performance
TBLL vs. SHV - Performance Comparison
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Key characteristics
TBLL:
14.02
SHV:
20.70
TBLL:
41.17
SHV:
277.10
TBLL:
14.41
SHV:
130.41
TBLL:
63.41
SHV:
529.69
TBLL:
625.92
SHV:
4,675.52
TBLL:
0.01%
SHV:
0.00%
TBLL:
0.34%
SHV:
0.23%
TBLL:
-0.61%
SHV:
-0.46%
TBLL:
0.00%
SHV:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with TBLL having a 1.65% return and SHV slightly higher at 1.67%.
TBLL
1.65%
0.29%
2.13%
4.76%
4.29%
2.55%
N/A
SHV
1.67%
0.33%
2.13%
4.79%
4.29%
2.52%
1.85%
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TBLL vs. SHV - Expense Ratio Comparison
TBLL has a 0.08% expense ratio, which is lower than SHV's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
TBLL vs. SHV — Risk-Adjusted Performance Rank
TBLL
SHV
TBLL vs. SHV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Short Term Treasury ETF (TBLL) 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.
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Dividends
TBLL vs. SHV - Dividend Comparison
TBLL's dividend yield for the trailing twelve months is around 4.60%, less than SHV's 4.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TBLL Invesco Short Term Treasury ETF | 4.60% | 4.99% | 4.63% | 1.37% | 0.05% | 0.80% | 2.24% | 1.69% | 0.71% | 0.00% | 0.00% | 0.00% |
SHV iShares Short Treasury Bond ETF | 4.69% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% | 0.00% |
Drawdowns
TBLL vs. SHV - Drawdown Comparison
The maximum TBLL drawdown since its inception was -0.61%, which is greater than SHV's maximum drawdown of -0.46%. Use the drawdown chart below to compare losses from any high point for TBLL and SHV.
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Volatility
TBLL vs. SHV - Volatility Comparison
Invesco Short Term Treasury ETF (TBLL) and iShares Short Treasury Bond ETF (SHV) have volatilities of 0.05% and 0.05%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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