SHY ETF — iShares 1-3 Year Treasury Bond ETF

iShares 1-3 Year Treasury Bond ETF (SHY)

Updated October 2, 2026.

SHY is a low-cost ETF that tracks the ICE U.S. Treasury 1-3 Year Bond Index. its distribution rate is 3.57%, its trailing-12-month yield is 3.63%, its expense ratio is 0.15%. Dividend Vision Distribution Safety Score™ is 92/100 (Safe). Total return is 58.8% over the past 24.2 years, 1237.8 points behind SPY at 1296.6%.

At the current 3.57% distribution rate, a $10,000 investment would generate approximately $357 per year, or $29.75 per month.

iShares 1-3 Year Treasury Bond ETF is an ETF that tracks the ICE U.S. Treasury 1-3 Year Bond Index, holding U.S. Treasury securities with remaining maturities between one and three years. The fund offers a modest current distribution rate paid monthly and carries an expense ratio of 0.15%. It appeals to income investors seeking stable returns from short-duration U.S. government debt with minimal fees.

SHY performance versus SPY

Price and return data through 2026-10-02.

Total return is 58.8% over the past 24.2 years, 1237.8 points behind SPY at 1296.6%. Over the past year its total return — price change plus distributions reinvested — is 1.1%. Its deepest 1-year drawdown was 1.0%.

SHY key facts

Distribution Safety Score™

92 · Safe

Safety-Adjusted Yield

3.28%

Issuer

iShares

Asset type

ETF

Asset class

Fixed Income

Inception date

07/22/2002

Expense ratio

0.15%

Distribution rate

3.57%

Distribution frequency

Monthly

Trailing yield

3.63%

Last close

$81.05 (as of 2026-10-02)

AUM

$26,175,053,504

Market cap

$17,277,716,480

Average volume

3365900.0

Next dividend

$0.241

Last ex-dividend date

10/01/2026

Next payment date

10/06/2026 (as of 2026-10-06)

Beta

0.22

P/E ratio

3686.3635

How Dividend Vision calculates yield and returns

Distribution rate (3.57%) 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 (3.63%) 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. 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 U.S. Treasury 1-3 Year Bond 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.

SHY risks and drawbacks

SHY'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 1.0%.

Who may consider SHY — and who may not

SHY may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, 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 SHY

SHY vs similar funds:

• SHY vs BND
• SHY vs SGOV
• SHY vs BIL
• SHY vs USFR
• SHY vs BIL vs SGOV vs USFR

Frequently asked questions

More securities from iShares.