TRSY vs. SHV
TRSY (Xtrackers US 0-1 Year Treasury ETF) and SHV (iShares 0-1 Year Treasury Bond ETF) are both Government Bonds funds - TRSY tracks the ICE U.S. Treasury Short Bond Index while SHV tracks the ICE Short US Treasury Securities Index. Both are passively managed. Over the past year, TRSY returned 4.00% vs 3.90% for SHV. At a 0.34 correlation, their price movements are largely independent. TRSY charges 0.06%/yr vs 0.15%/yr for SHV.
Performance
TRSY vs. SHV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRSY achieves a 1.50% return, which is significantly higher than SHV's 1.42% return.
TRSY
- 1D
- 0.07%
- 1M
- 0.32%
- YTD
- 1.50%
- 6M
- 1.80%
- 1Y
- 4.00%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHV
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.42%
- 6M
- 1.75%
- 1Y
- 3.90%
- 3Y*
- 4.64%
- 5Y*
- 3.31%
- 10Y*
- 2.23%
TRSY vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TRSY Xtrackers US 0-1 Year Treasury ETF | 1.50% | 4.22% | 1.07% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.42% | 4.21% | 1.05% |
Correlation
The correlation between TRSY and SHV is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 2024 | 0.34 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRSY vs. SHV — Risk / Return Rank
TRSY
SHV
TRSY vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers US 0-1 Year Treasury ETF (TRSY) and iShares 0-1 Year 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.
| TRSY | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -8.93 | ||
| Sortino ratioReturn per unit of downside risk | -120.89 | ||
| Omega ratioGain probability vs. loss probability | 6.84 | 53.77 | -46.92 |
| Calmar ratioReturn relative to maximum drawdown | 60.65 | 431.38 | -370.73 |
| Martin ratioReturn relative to average drawdown | 385.94 | 2,419.80 | -2,033.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TRSY | SHV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 10.56 | 19.49 | -8.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 11.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 8.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.91 | 4.50 | -0.59 |
Drawdowns
TRSY vs. SHV - Drawdown Comparison
The maximum TRSY drawdown since its inception was -0.82%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for TRSY and SHV.
Loading charts...
Drawdown Indicators
| TRSY | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.82% | -0.45% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -0.07% | -0.01% | -0.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.03% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.45% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -0.03% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.00% | +0.01% |
Volatility
TRSY vs. SHV - Volatility Comparison
Xtrackers US 0-1 Year Treasury ETF (TRSY) has a higher volatility of 0.11% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.05%. This indicates that TRSY'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.
Loading charts...
Volatility by Period
| TRSY | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 0.05% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.24% | 0.12% | +0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.38% | 0.20% | +0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.07% | 0.29% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.07% | 0.28% | +0.79% |
TRSY vs. SHV - Expense Ratio Comparison
TRSY has a 0.06% 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%.
Dividends
TRSY vs. SHV - Dividend Comparison
TRSY's dividend yield for the trailing twelve months is around 3.72%, less than SHV's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHV iShares 0-1 Year Treasury Bond ETF | 3.83% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
TRSY Xtrackers US 0-1 Year Treasury ETF | 3.72% | 4.00% | 0.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TRSY and SHV have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRSY has higher volatility (0.11%) compared to SHV (0.05%). In terms of maximum drawdown, TRSY dropped -0.82% vs SHV's -0.45%.
On 1-year performance, TRSY leads with 4.00% vs 3.90% for SHV. On fees, TRSY is cheaper at 0.06% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TRSY has performed better with a 4.00% return vs 3.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TRSY is cheaper with a 0.06% expense ratio, compared with 0.15% for SHV.
SHV has the higher dividend yield at 3.83%, compared with 3.72% for TRSY.
TRSY tracks ICE U.S. Treasury Short Bond Index, while SHV tracks ICE Short US Treasury Securities Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.06% for TRSY and 0.15% for SHV.
SHV currently has the higher Sharpe Ratio (19.49 vs 10.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for TRSY and SHV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer