SHY — iShares 1-3 Year Treasury Bond ETF

SHY Price Performance — Growth of $10,000

Value of a $10,000 investment in SHY 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.

SHY Drawdown

The "underwater" chart: SHY'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 1-3 Year Treasury Bond ETF (SHY) operates within the US Bonds - Government category, where ETFValuer tracks a total of 22 funds. Issued by iShares, this fund has accumulated assets under management of $25.4 billion and trades at a price of $81.99. It holds an overall rank of #331 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 54.7 out of 100. The fund carries an expense ratio of 0.15% and offers a dividend yield of 0.38%. The substantial asset size and specific price point suggest significant investor adoption relative to the broader universe of 458 tracked funds. Despite its high ranking position in the overall market, the fund's metrics reflect a moderate standing within its specific government bond category.

Over the past day, the fund posted a return of +0.06%, which extended to a weekly gain of +0.20% and a monthly increase of +0.07%. The three-month return accelerated to +0.26%, followed by a six-month return of +0.66% and a year-to-date gain of +0.70%. Annual performance showed a more pronounced rise with a one-year return of +3.00%, while the three-year horizon recorded a cumulative return of +13.00%. This progression indicates a pattern where returns have generally expanded as the time horizon lengthens from daily to multi-year periods. The data shows a consistent upward trajectory in performance metrics from the short-term daily figures through the longer three-year timeframe.

SHY carries a volatility label of Very Low and a beta of 0.22, indicating that the fund's price movements are significantly less sensitive to broader market fluctuations. Despite this low volatility, the fund has a Sharpe ratio of -1.45, suggesting that the risk-adjusted returns have been negative relative to the risk taken. The maximum drawdown recorded for the fund is -0.97%, which aligns with the low volatility profile by showing limited downside severity during market stress. The combination of a very low beta and minimal drawdown points to a defensive behavior in down markets, yet the negative Sharpe ratio implies that the returns generated have not adequately compensated for the time or risk involved. This profile characterizes a fund that avoids large swings but has struggled to generate positive risk-adjusted performance over the measured periods.

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

SHY Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 16.2% 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 SHY's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SHY

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SHY's top 10 — SHV overlaps most, holding 2 of the same companies as SHY's top 10 (16.2% of SHY'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: 4.61% (as of 2026-07-28) — 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): 18.21 (as of 2026-07-28) — 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.

SHY Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.02% and average daily volume is 3.3M/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 $25.4B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SHY 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.

SHY Performance History

How SHY Compares to Other US Bonds - Government ETFs