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TBLL vs. SHV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


Performance

TBLL vs. SHV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Short Term Treasury ETF (TBLL) and iShares Short Treasury Bond ETF (SHV). The values are adjusted to include any dividend payments, if applicable.

16.50%17.00%17.50%18.00%18.50%19.00%19.50%20.00%December2025FebruaryMarchAprilMay
19.86%
19.29%
TBLL
SHV

Key characteristics

Sharpe Ratio

TBLL:

14.27

SHV:

20.91

Sortino Ratio

TBLL:

41.98

SHV:

280.58

Omega Ratio

TBLL:

15.00

SHV:

132.04

Calmar Ratio

TBLL:

64.47

SHV:

536.52

Martin Ratio

TBLL:

637.97

SHV:

4,560.80

Ulcer Index

TBLL:

0.01%

SHV:

0.00%

Daily Std Dev

TBLL:

0.34%

SHV:

0.23%

Max Drawdown

TBLL:

-0.61%

SHV:

-0.46%

Current Drawdown

TBLL:

0.00%

SHV:

0.00%

Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with TBLL at 1.44% and SHV at 1.44%.


TBLL

YTD

1.44%

1M

0.30%

6M

2.16%

1Y

4.84%

5Y*

2.53%

10Y*

N/A

SHV

YTD

1.44%

1M

0.31%

6M

2.14%

1Y

4.83%

5Y*

2.47%

10Y*

1.83%

*Annualized

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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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TBLL
The Risk-Adjusted Performance Rank of TBLL is 100100
Overall Rank
The Sharpe Ratio Rank of TBLL is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of TBLL is 100100
Sortino Ratio Rank
The Omega Ratio Rank of TBLL is 100100
Omega Ratio Rank
The Calmar Ratio Rank of TBLL is 100100
Calmar Ratio Rank
The Martin Ratio Rank of TBLL is 100100
Martin Ratio Rank

SHV
The Risk-Adjusted Performance Rank of SHV is 100100
Overall Rank
The Sharpe Ratio Rank of SHV is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of SHV is 100100
Sortino Ratio Rank
The Omega Ratio Rank of SHV is 100100
Omega Ratio Rank
The Calmar Ratio Rank of SHV is 100100
Calmar Ratio Rank
The Martin Ratio Rank of SHV is 100100
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current TBLL Sharpe Ratio is 14.27, which is lower than the SHV Sharpe Ratio of 20.91. The chart below compares the historical Sharpe Ratios of TBLL and SHV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio10.0012.0014.0016.0018.0020.0022.00December2025FebruaryMarchAprilMay
14.27
20.91
TBLL
SHV

Dividends

TBLL vs. SHV - Dividend Comparison

TBLL's dividend yield for the trailing twelve months is around 4.70%, which matches SHV's 4.70% yield.


TTM20242023202220212020201920182017201620152014
TBLL
Invesco Short Term Treasury ETF
4.70%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
4.70%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. For additional features, visit the drawdowns tool.


-0.04%-0.03%-0.02%-0.01%0.00%December2025FebruaryMarchAprilMay00
TBLL
SHV

Volatility

TBLL vs. SHV - Volatility Comparison

Invesco Short Term Treasury ETF (TBLL) and iShares Short Treasury Bond ETF (SHV) have volatilities of 0.06% and 0.06%, 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.


0.04%0.05%0.06%0.07%0.08%0.09%0.10%December2025FebruaryMarchAprilMay
0.06%
0.06%
TBLL
SHV