iShares 0-1 Year Treasury Bond ETF (SHV)

How has SHV done since 2007?#

From January 2007 to October 2026, SHV returned about 1.6% a year. The S&P 500 returned about 10.9% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $13,716 at the end, with every dividend reinvested.

SHV returns by month and year#

SHV rose in 166 of its 238 months (70%). Its best month was January 2008, at 0.7%. Its worst was January 2022, at −0.1%.

How risky is SHV compared with the S&P 500?#

Measured from October 2021 to October 2026, on the days both traded.

• Beta 0.00. When the S&P 500 moved 1% in a day, SHV tended to move about 0.00%.
• Correlation 0.06. SHV moved mostly on its own, apart from the S&P 500.
• Up and down months. In months the S&P 500 rose, SHV rose 9% as much on average. In months it fell, SHV rose on average.

Is SHV above its 200-day average?#

SHV closed 1.4% above its 200-day average on October 16, 2026. A rule that holds SHV only above that average would hold it today.

What was SHV’s worst drop?#

A drawdown is how far a fund falls from its last high point. SHV’s worst fall was −0.4%, from April 7, 2020 to June 14, 2022. It got back to that high on October 7, 2022. On October 16, 2026 it closed at a new high.

What does SHV hold?#

This fund holds US government bonds that will be paid back in one year or less. Because the bonds are paid back so soon, the fund’s price usually changes very little from day to day. It pays out interest income each month.

It tracks the ICE Short US Treasury Securities Index. It had 19 holdings as of October 15, 2026, according to iShares (BlackRock).

What is the SHV expense ratio?#

SHV charges 0.15% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.15% fee comes to about $15 a year. Of the 162 ETFs on Tactfolio, 42% charge more.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

Which Tactfolio strategies hold SHV?#

2 classic strategies hold SHV at least some of the time. Each is a set of written rules you can open, test and copy.

• Mama Bear Portfolio (Muscular Portfolios), by Brian Livingston, 2018
• Harry Browne’s Permanent Portfolio, by Harry Browne, 1999

How does SHV compare with similar ETFs?#

Funds that can stand in for SHV:

• SGOV: iShares 0-3 Month Treasury Bond ETF, 0.09% a year
• BIL: State Street SPDR Bloomberg 1-3 Month T-Bill ETF, 0.1353% a year
• TFLO: iShares Treasury Floating Rate Bond ETF, 0.15% a year
• USFR: WisdomTree Floating Rate Treasury Fund, 0.15% a year

See all 6 SHV alternatives, compared on the same dates as SHV.

Test SHV in your own rules#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add SHV, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for SHV and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.

Fund facts come from iShares (BlackRock). We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.