SHV — iShares 0–1 Year Treasury Bond ETF

SHV Price Performance — Growth of $10,000

Value of a $10,000 investment in SHV over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SHV Drawdown

The "underwater" chart: SHV's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares 0–1 Year Treasury Bond ETF (SHV) operates within the Ultra-Short / Cash category, which ETFValuer currently tracks with a total of 9 funds. Issued by iShares, this fund manages $20.9 billion in assets and trades at a price of $110.33. It holds an overall rank of #317 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 55.6 out of 100. The fund charges an expense ratio of 0.15% while offering a dividend yield of 3.82%. The substantial asset under management relative to the small category size suggests significant investor adoption for this specific vehicle. These metrics collectively define the fund's position as a widely held, cost-effective option within its ultra-short duration niche.

Over the most recent trading day, the fund posted a return of +0.03%, which expanded to +0.07% over one week. Monthly performance accelerated to +0.29%, followed by a three-month return of +0.86% and a six-month gain of +1.74%. Year-to-date returns stand at +1.93%, while the one-year return reached +3.81%. The longer-term trajectory shows continued growth with a three-year return of +14.25%. This pattern indicates a consistent upward trend across all measured horizons without any periods of negative returns in the provided data set.

SHV carries a volatility label of Very Low and a beta of 0.01, indicating minimal sensitivity to broader market movements. Despite the low volatility, the fund reports a Sharpe ratio of -5.52, which reflects the relationship between its returns and the risk-free rate over the measured period. The maximum drawdown recorded is -0.03%, demonstrating extreme capital preservation during market downturns. This combination of a near-zero beta and negligible drawdown suggests the fund behaves as a stable store of value rather than a growth engine. The negative Sharpe ratio implies that the risk-adjusted return profile is currently unattractive relative to the benchmark used for that calculation.

AI-generated summary based on the data on this page.

SHV Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 40.0% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SHV's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SHV

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SHV's top 10 — SHY overlaps most, holding 2 of the same companies as SHV's top 10 (40.0% of SHV's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.65% (as of 2026-07-27) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.67 (as of 2026-07-27) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SHV Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 2.5M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $20.9B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SHV is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SHV Performance History

How SHV Compares to Other Ultra-Short / Cash ETFs