SHY — iShares 1-3 Year Treasury Bond ETF

SHY Price Performance — Growth of $10,000

Value of a $10,000 investment in SHY 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.

SHY Drawdown

The "underwater" chart: SHY'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 1-3 Year Treasury Bond ETF, issued by iShares, is a $26.3 billion fund tracking the US Bonds - Government category. It holds an ETFValuer grade of C with a score of 56.7 out of 100, ranking 7th among 22 peers and 277th across all tracked ETFs. The fund’s expense ratio of 0.15% exceeds the category median of 0.07%, while its dividend yield of 3.63% trails the median of 3.95%. Top holdings comprise 16.2% of assets, with the largest single position being United States of America at 2.0%.

Price action sits at 9.3% of its 52-week range, reflecting a recent 1D gain of +0.04% and a 1W increase of +0.25%. Short-term momentum shows a 1M decline of -0.32% and a 3M drop of -0.02%, contrasting with a 6M rise of +0.24% and a year-to-date gain of +0.58%. Over the longer term, the 1Y return of +1.63% outperforms the category median of -1.65%, while the 3Y return stands at +12.33%. The ETFValuer grade has remained unchanged at C for the last 35 tracked days, and price history is available for 3.0 years.

The fund exhibits a beta of 0.24, indicating it moves 24% as much as the market, alongside a very low annualized volatility of 1.37%. A Sharpe ratio of -2.46 suggests poor risk-adjusted returns relative to the risk-free rate, accompanied by a maximum drawdown of -0.97%. Liquidity is supported by an average daily volume of 4,048,992 shares. These metrics collectively describe a low-volatility profile with negative risk-adjusted performance over the measured period.

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

SHY Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 16.2% 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 SHY's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SHY

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SHY's top 10 — SHV overlaps most, holding 2 of the same companies as SHY's top 10 (16.2% of SHY'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.

SHY Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 4.0M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $26.3B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SHY 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.

SHY Performance History

How SHY Compares to Other US Bonds - Government ETFs