iShares 1-3 Year Treasury Bond ETF
$81.13−0.19 (−0.24%)
- Expense ratio
- 0.15%
- Fund size
- $26.3B
- 1Y return
- +1.7%
- Yield · Last 12 months
- 3.64%
- Holdings
- 91
- Volume · 30D
- 3.7M sh
- NAV per share
- $81.27
- 52W range
The ETF.net SHY Grade
Score 67 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 43Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 48Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 84Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 58Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 88Category rank
Our read on SHY
BThe incumbent slice of the short Treasury curve: about 90 U.S. government notes maturing in one to three years, running since 2002, heavily traded, paying monthly. The established name in its aisle, priced like it.
The fund seeks to track an index of U.S. Treasury bonds with remaining maturities of one to three years, providing targeted exposure to short-term government debt.
Why people hold it
- Pure mandate: the ICE U.S. Treasury 1-3 Year Bond Index, nothing else. Tracking has been about as tight as index funds get, and the credit behind the bonds is the U.S. government's.ishares.com
- Big and busy: a multi-billion-dollar fund that trades actively, so moving in and out of a cash-like sleeve rarely costs much in spread.
- One-to-three-year maturities mean smaller price moves when rates shift than long bonds see, and cash lands monthly rather than quarterly.
- Live since 2002 under iShares, through several full rate cycles, doing the same simple job the whole way.
Worth knowing
- Fees are the trade-off: 0.15% here versus 0.03% at VGSH, SCHO and SPTS. BBSB tracks the identical index for 0.04%.
- Treasuries only, short end only. No corporate credit, no long-duration kicker. The plain end of the bond market, by design.
- Short bonds are not a savings account. Prices still dip when short-term rates rise, and the monthly payout floats with them.
SHY Holdings
- Bonds
- 91
- 17%
- TREASURY NOTE 3.88% 03/31/2028
Geography
- United States100.00%
SHY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
SHY$10,166
Returns run to the Sep 22, 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 | SHY |
|---|---|
| Year to date | +0.5% |
| 1 month | −0.5% |
| 3 months | +0.2% |
| 1 year | +1.7% |
| 3 years | +4.0% |
| 5 years | +1.8% |
| 10 years | +1.6% |
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 | SHY |
|---|---|---|
| 2026 YTD | +0.5% | |
| 2025 | +5.0% | |
| 2024 | +3.9% | |
| 2023 | +4.2% | |
| 2022 | −3.9% | |
| 2021 | −0.7% | |
| 2020 | +3.0% |
SHY in the news
SHY Dividends
- 3.64%
- $2.96
- $0.24 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.24 |
| Aug 3, 2026 | Aug 6, 2026 | $0.25 |
| Jul 1, 2026 | Jul 7, 2026 | $0.24 |
| Jun 1, 2026 | Jun 4, 2026 | $0.24 |
| May 1, 2026 | May 6, 2026 | $0.24 |
| Apr 1, 2026 | Apr 7, 2026 | $0.25 |
| Mar 2, 2026 | Mar 5, 2026 | $0.22 |
| Feb 2, 2026 | Feb 5, 2026 | $0.25 |
| Dec 19, 2025 | Dec 24, 2025 | $0.25 |
| Dec 1, 2025 | Dec 4, 2025 | $0.25 |
| Nov 3, 2025 | Nov 6, 2025 | $0.26 |
| Oct 1, 2025 | Oct 6, 2025 | $0.26 |
SHY Risk
- 1.5%
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.
- −0.35
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.
- −5.6%
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.
- 0.22
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SHY Cost
0.15%
SHY0.15%
- The middle half of Treasuries (1-3 Year) funds
- Median 0.15%
7 of the 15 Treasuries (1-3 Year) funds charge less.