SHV: iShares 0-1 Year Treasury Bond ETF

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.

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

How has SHV done since 2007?#

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

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

SHV returns by year#

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.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

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. 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.

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.