SHV — iShares 0–1 Year Treasury Bond ETF

Overview

The iShares 0–1 Year Treasury Bond ETF, trading under the ticker SHV, operates within the Ultra-Short / Cash category managed by iShares. This fund holds a substantial asset base of $20.9 billion and trades at a price of $110.12. It currently carries an overall rank of #98 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 53.9/100. Investors can access the fund with an expense ratio of 0.15% while receiving a dividend yield of 3.82%. The combination of a high asset under management figure and a mid-tier grade suggests significant investor adoption despite the moderate performance rating. Within its specific category, the fund is one of four ETFs tracked by ETFValuer.

Short-term returns show a gradual upward trajectory, starting with a 1-day gain of +0.02% and expanding to +0.08% over one week. This momentum accelerates over the first quarter with a 1-month return of +0.29% and a 3-month return of +0.57%. The trend continues to strengthen over the half-year period, reaching +1.41% for the 6-month horizon and +1.43% year-to-date. Annual performance reflects this accumulation with a 1-year return of +3.53%. Over a longer three-year horizon, the fund has generated a cumulative return of +13.98%. The data indicates a consistent positive return pattern across all measured timeframes from one day to three years.

The fund is characterized by a volatility label of Very Low and an exceptionally low beta of 0.01, indicating minimal sensitivity to broader market movements. Despite the low volatility, the Sharpe ratio stands at -3.95, suggesting that the risk-adjusted returns have been negative relative to the risk-free rate over the measured period. The maximum drawdown recorded is -0.29%, which aligns with the fund's classification as an ultra-short duration instrument. This combination of a near-zero beta and a very small maximum drawdown implies the fund experiences negligible price swings during market fluctuations. However, the negative Sharpe ratio indicates that the income generated has not sufficiently compensated for the risk taken, even if that risk is minimal. The profile suggests a vehicle designed for capital preservation rather than aggressive growth or high risk-adjusted efficiency.

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

SHV Top Holdings

Holdings as of 2025-05-31 per the fund's most recent SEC N-PORT-P filing.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — 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): 16.13 (as of 2026-07-07) — 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 Performance History

How SHV Compares to Other Ultra-Short / Cash ETFs