SHY — iShares 1-3 Year Treasury Bond ETF

Overview

The iShares 1-3 Year Treasury Bond ETF (SHY) operates within the US Bonds - Government category, where ETFValuer tracks a total of six funds. Issued by iShares, this fund manages $25.4 billion in assets and trades at a price of $81.84. It holds an overall rank of #105 out of 120 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 53.2 out of 100. The fund charges an expense ratio of 0.15% while offering a dividend yield of 0.38%. The substantial asset under management figure suggests significant investor adoption despite the fund's mid-tier ranking and moderate grade relative to the broader market.

Over the last day, the fund declined by 0.02%, followed by a 0.04% drop over the past week. A shift to positive returns occurred over the one-month period with a gain of 0.27%, though the three-month return returned to negative territory at -0.02%. The six-month return improved to +0.18%, and year-to-date performance stands at +0.22%. Longer-term results show a 1-year return of +2.69% and a 3-year return of +12.10%. This pattern indicates a divergence where short-term fluctuations have been mixed, while the multi-year horizon reflects a more consistent upward trajectory.

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 shifts. Despite this low volatility, the fund recorded a Sharpe ratio of -1.62, suggesting that the risk-adjusted returns have been negative over the measured period. The maximum drawdown was limited to -0.97%, which aligns with the fund's classification as a low-volatility instrument. This combination of a very low beta and minimal drawdown implies the fund experiences small price swings in both up and down markets. However, the negative Sharpe ratio indicates that the returns generated have not adequately compensated for the risks taken, even if those risks are inherently small.

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

SHY 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.

SHY Performance History

How SHY Compares to Other US Bonds - Government ETFs