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 is an ultra-short cash instrument issued by iShares, managing $22.8 billion in assets. It holds a C grade with a score of 57.6 out of 100, ranking third among nine peers in its category and 262nd of 458 tracked ETFs overall. The fund’s 0.15% expense ratio matches the category median, while its 3.64% dividend yield trails the peer average of 4.14%. Concentration is notable, with the top ten holdings representing 40.0% of assets and the largest position being United States of America at 4.9%.

Price action shows the fund trading at $110.12, which sits at 40.6% of its 52-week range between $109.86 and $110.50. Short-term momentum is evident, with one-month returns of 0.26% accelerating into a 3M gain of 0.87% and a 1Y return of 3.63%. This one-year performance slightly exceeds the category median of 3.55%, while the three-year total return stands at 13.85%. The rating has remained unchanged at grade C over the last 35 tracked days, and price history is available for 3.0 years.

Risk metrics indicate minimal market sensitivity, with a beta of 0.01 and annualized volatility of 0.19% classified as Very Low. The maximum drawdown has been negligible at -0.03%, reflecting the stability of the ultra-short duration strategy. However, the Sharpe ratio of -7.09 suggests that risk-adjusted returns have been unfavorable relative to the risk-free rate during the measurement period. Liquidity is robust, supported by an average daily volume of 3,120,460 shares.

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: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SHV Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 3.1M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $22.8B 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