SHV ETF — iShares Short Treasury Bond ETF

iShares Short Treasury Bond ETF (SHV)

SHV is a low-cost ETF that tracks the ICE Short U.S. Treasury Securities Index. As of September 3, 2026, its distribution rate is 3.68%, its trailing-12-month yield is 3.70%, its expense ratio is 0.15%. Dividend Vision Distribution Safety Score™ is 63/100 (Generally safe). Total return is 36.2% over the past 19.6 years, 641.5 points behind SPY at 677.7%.

At the current 3.68% distribution rate, a $10,000 investment would generate approximately $368 per year, or $30.67 per month on an equivalent basis.

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

Data as of September 3, 2026.

Total return is 36.2% over the past 19.6 years, 641.5 points behind SPY at 677.7%. Its deepest 1-year drawdown was 0.3%.

SHV key facts

Data as of September 3, 2026.

Distribution Safety Score™

63 · Generally safe

Safety-Adjusted Yield

2.32%

Issuer

iShares

Asset type

ETF

Asset class

Fixed Income

Inception date

01/05/2007

Expense ratio

0.15%

Distribution rate

3.68%

Distribution frequency

Monthly

Trailing yield

3.70%

Last close

$110.08

NAV

$110.06

Premium / discount

0.02% premium

AUM

$20,769,557,151

Average volume

4701048.0

Next dividend

$0.338

Last ex-dividend date

09/01/2026

Next payment date

09/04/2026

Beta

0.01

How Dividend Vision calculates yield and returns

Distribution rate (3.68%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.70%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. 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. Figures below use Dividend Vision data as of September 3, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 3, 2026.

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. The deepest 1-year drawdown on record here is 0.3%.

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.

Compare SHV

SHV vs similar funds:

• SHV vs SGOV

Frequently asked questions

More securities from iShares.