SHV ETF — iShares Short Treasury Bond ETF

iShares Short Treasury Bond ETF (SHV)

Updated October 16, 2026.

SHV is a low-cost ETF that tracks the ICE Short U.S. Treasury Securities Index. its distribution rate is 3.25%, its trailing-12-month yield is 3.63%, its expense ratio is 0.15%. Dividend Vision Distribution Safety Score™ is 62/100 (Generally safe). Total return is 37.2% over the past 19.8 years, 632.4 points behind SPY at 669.6%.

iShares Short Treasury Bond ETF is a fund that tracks an index of U.S. Treasury bonds with remaining maturities between one and twelve months, offering ultra-safe, ultra-liquid short-term Treasury exposure. The fund has a modest current distribution rate paid monthly and carries an expense ratio of 0.15%. It appeals to conservative income investors and those seeking stable, low-risk exposure to short-term government debt.

SHV performance versus SPY

Price and return data through 2026-10-16.

Total return is 37.2% over the past 19.8 years, 632.4 points behind SPY at 669.6%. Over the past year its total return — price change plus distributions reinvested — is 3.6%.

SHV key facts

Distribution Safety Score™

62 · Generally safe

Safety-Adjusted Yield

2.02%

Issuer

iShares

Asset type

ETF

Asset class

Fixed Income

Inception date

01/05/2007

Expense ratio

0.15%

Distribution rate

3.25%

Distribution frequency

Monthly

Trailing yield

3.63%

Last close

$110.25 (stale; as of 2026-10-16)

AUM

$23,551,993,371

Average volume

3062200.0

Dividend

$0.299

Ex-dividend date

10/01/2026

Payment date

10/06/2026

Beta

0.01

How Dividend Vision calculates yield and returns

Distribution rate (3.25%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (3.63%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares or company page; Index: ICE Short U.S. Treasury Securities Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SHV risks and drawbacks

SHV's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window.

Who may consider SHV — and who may not

SHV may suit someone looking for low-cost broad dividend exposure, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on SHV

• SHV dividend calendar
• SHV dividend history
• All tickers starting with S

Tagged: Money Market, Treasury, T bills.

Compare SHV

SHV vs similar funds:

• SHV vs SGOV

Frequently asked questions

More securities from iShares.