SHY ETF — iShares 1-3 Year Treasury Bond ETF

iShares 1-3 Year Treasury Bond ETF (SHY)

SHY is a low-cost ETF that tracks the ICE U.S. Treasury 1-3 Year Bond Index. As of August 19, 2026, its distribution rate is 3.67%, its trailing-12-month yield is 3.63%, its expense ratio is 0.15%. Dividend Vision Distribution Safety Score™ is 74/100 (Generally safe). Fund total return is 59.7% over the past 24.1 years, 1229.5 points behind SPY at 1289.2%.

At the current 3.67% distribution rate, a $10,000 investment would generate approximately $367 per year, or $30.58 per month on an equivalent basis.

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

Data as of August 19, 2026.

Fund total return is 59.7% over the past 24.1 years, 1229.5 points behind SPY at 1289.2%. Its deepest 1-year drawdown was 0.9%.

SHY key facts

Data as of August 19, 2026.

Distribution Safety Score™

74 · Generally safe

Safety-Adjusted Yield

2.72%

Issuer

iShares

Asset type

ETF

Asset class

Fixed Income

Inception date

07/22/2002

Expense ratio

0.15%

Distribution rate

3.67%

Distribution frequency

Monthly

Trailing yield

3.63%

Last close

$82.02

AUM

$25,514,621,434

Market cap

$17,277,716,480

Average volume

2314757.0

Last dividend

$0.2508

Ex-dividend date

08/03/2026

Payment date

08/06/2026

Beta

0.22

P/E ratio

3727.2727

How Dividend Vision calculates yield and returns

Distribution rate (3.67%) 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. 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. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: iShares fund 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 0.9%.

Who may consider SHY — and who may not

SHY 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 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 funds from iShares.