iShares Trust iShares 0-1 Year Treasury Bond ETF
$110.18+0.01 (+0.01%)
- 0.15%
- $23.6B
- +3.6%
- 3.63%
- 3M sh
- $110.16
- low $109.86high $110.50
The ETF.net SHV Grade
A
Score 75 out of 100
- 14 of 78
Score 75 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B68 out of 100Rank 21 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C40 out of 100Rank 63 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A90 out of 100Rank 4 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B56 out of 100Rank 40 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A96 out of 100Rank 1 of 78
Our read on SHV
AiShares' T-bill parking spot since 2007: nothing but US Treasuries maturing inside a year, rolled continuously, with income paid monthly. No corporate credit, no duration bets, 0.15% a year.
The fund seeks to track an index composed of U.S. Treasury bonds with remaining maturities of one year or less.
Why people hold it
- Treasuries only, by mandate. The index it tracks holds US government debt maturing in a year or less, so no corporate credit enters the portfolio.ishares.com
- 0.15% a year, below the typical ultra-short bond fund, from a multi-billion-dollar fund that has been running since 2007.
- One of the more heavily traded names in the ultra-short space, and it has hugged its benchmark closely, which matters when the whole return is T-bill yield.
- Income arrives monthly rather than quarterly.
Worth knowing
- Payouts float with T-bill rates. Holdings mature and reroll within a year, so income resets quickly in both directions.
- Cheaper exists: Vanguard's VUSB charges 0.10% among the top-ranked ultra-short peers.
- This is the quiet corner of the bond market. By design there is no credit spread pickup and almost no interest-rate exposure to work with.
SHV Holdings
- Bonds
- 66
- 37%
- Treasury Bill 01/14/2027
Sectors
- U.S. Treasury Debt99.2%
- Investment Company0.9%
Geography
- United States100.00%
SHV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SHV$10,360
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SHV |
|---|---|
| Year to date | +2.7% |
| 1 month | +0.3% |
| 3 months | +0.9% |
| 1 year | +3.6% |
| 3 years | +4.4% |
| 5 years | +3.6% |
| 10 years | +2.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SHV |
|---|---|---|
| 2026 YTD | +2.7% | |
| 2025 | +4.2% | |
| 2024 | +5.1% | |
| 2023 | +5.0% | |
| 2022 | +0.9% | |
| 2021 | −0.1% | |
| 2020 | +0.8% |
SHV in the news
SHV Dividends
- 3.63%
- $4.00
- $0.30 per share
- Monthly
Distribution history
SHV Risk
- 0.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −1.06
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SHV Cost
0.15%
SHV0.15%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
20 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- AXONEBondBloxx Bloomberg One Year Target Duration US Treasury ETFExpense ratio 0.03%1 year return +3.0%
- ABILSState Street SPDR Bloomberg 3-12 Month T-Bill ETFExpense ratio 0.14%1 year return +3.6%
- ABKUIBNY Mellon Ultra Short Income ETFExpense ratio 0.13%1 year return +3.5%
- ADUSBDimensional Ultrashort Fixed Income ETFExpense ratio 0.15%1 year return +3.6%
- ABILZPIMCO Ultra Short Government Active Exchange-Traded FundExpense ratio 0.14%1 year return +3.7%