SHV vs SPY
Comparison between iShares 0-1 Year Treasury Bond ETF (SHV, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed SHV, delivering a return of +13.3% compared to +3.3%
SHV vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SHV
$21B
Winner
SPY
$652B
Expense Ratio
SHV
0.15%
Winner
SPY
0.09%
Max Drawdown
Winner
SHV
1.20%
SPY
56.47%
Sharpe Ratio
SHV
1.43
Winner
SPY
2.07
5Y Beta
Winner
SHV
-0.00
SPY
1.00
P/E Ratio
SHV
N/A
SPY
28.24
Forward P/E
SHV
N/A
SPY
21.85
5Y Dividends CAGR
Winner
SHV
65.56%
SPY
5.43%
5Y EPS CAGR
SHV
N/A
SPY
25.79%
Debt to Equity
SHV
N/A
SPY
22.35%
P/S Ratio
SHV
N/A
SPY
3.55
P/B Ratio
SHV
N/A
SPY
5.29
SHV vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
SHV
+0.32%
Winner
SPY
+9.11%
3M
SHV
+0.85%
Winner
SPY
+6.59%
6M
SHV
+1.79%
Winner
SPY
+10.56%
1Y
SHV
+3.97%
Winner
SPY
+32.04%
5Y(CAGR)
SHV
+3.27%
Winner
SPY
+13.35%
10Y(CAGR)
SHV
+2.20%
Winner
SPY
+15.49%
Max(CAGR)
SHV
+1.57%
Winner
SPY
+8.50%
SHV vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SHV | SPY |
|---|---|---|
| 2026 | +1.19% | +8.27% |
| 2025 | +4.19% | +18.00% |
| 2024 | +5.13% | +25.59% |
| 2023 | +5.02% | +26.72% |
| 2022 | +0.95% | -18.64% |
| 2021 | -0.09% | +30.52% |
| 2020 | +0.79% | +17.28% |
| 2019 | +2.35% | +31.09% |
| 2018 | +1.73% | -5.24% |
| 2017 | +0.64% | +20.78% |
| 2016 | +0.41% | +13.59% |
| 2015 | +0.02% | +1.31% |
| 2014 | +0.02% | +14.56% |
| 2013 | +0.01% | +29.00% |
| 2012 | +0.05% | +14.17% |
| 2011 | +0.07% | +0.85% |
| 2010 | +0.12% | +13.14% |
| 2009 | +0.32% | +22.67% |
| 2008 | +2.73% | -36.25% |
| 2007 | +4.99% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
SHV vs SPY Drawdown Comparison
The maximum drawdown for SHV was -0.45%, occurring on Jun 14, 2022. Recovery took 631 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
| Rank | SHV | SPY |
|---|---|---|
| #1 | -0.45% Apr 7, 2020 - Oct 7, 2022 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -0.36% Oct 10, 2008 - Oct 15, 2008 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -0.29% Oct 15, 2008 - Nov 6, 2008 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -0.25% Sep 17, 2008 - Oct 2, 2008 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -0.23% Dec 29, 2008 - Apr 15, 2009 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -0.19% Aug 22, 2007 - Sep 5, 2007 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -0.17% Mar 20, 2008 - May 1, 2008 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -0.14% Oct 2, 2008 - Oct 10, 2008 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -0.13% Jun 1, 2009 - Jul 8, 2009 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -0.12% Oct 2, 2015 - Jan 19, 2016 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -0.11% Feb 24, 2017 - Apr 13, 2017 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -0.10% Apr 29, 2009 - May 28, 2009 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -0.09% Dec 12, 2008 - Dec 29, 2008 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -0.08% Dec 11, 2007 - Dec 19, 2007 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -0.08% Nov 4, 2016 - Dec 19, 2016 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between SHV and SPY is 0.95 which considered as a very strong positive correlation - the stocks move almost identically together.
0.95
-101
Dividend Comparison (1999 - 2026)
SHV vs SPY dividend yield comparison.
| Year | SHV | SPY |
|---|---|---|
| 2026 | 1.18% | 0.24% |
| 2025 | 4.09% | 1.07% |
| 2024 | 5.02% | 1.21% |
| 2023 | 4.73% | 1.40% |
| 2022 | 1.39% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.74% | 1.52% |
| 2019 | 2.19% | 1.75% |
| 2018 | 1.66% | 2.04% |
| 2017 | 0.72% | 1.80% |
| 2016 | 0.34% | 2.03% |
| 2015 | 0.03% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.01% | 2.18% |
| 2011 | 0.07% | 2.05% |
| 2010 | 0.08% | 1.80% |
| 2009 | 0.34% | 1.95% |
| 2008 | 2.08% | 3.02% |
| 2007 | 4.04% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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