iShares 1-3 Year Treasury Bond (SHY): Historical Returns

Data Source: from January 1871 to January 2024 (~153 years)
Consolidated Returns as of 31 January 2024
Live Update: Feb 21 2024
Category: Fixed Income
iShares 1-3 Year Treasury Bond (SHY) ETF
ETF • LIVE PERFORMANCE (USD currency)
0.09%
1 Day
Feb 21 2024
0.51%
Current Month
February 2024

In the last 30 Years, the iShares 1-3 Year Treasury Bond (SHY) ETF obtained a 3.01% compound annual return, with a 1.81% standard deviation.

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The ETF is related to the following investment themes:

  • Asset Class: Bond
  • Region: North America
  • Country: U.S.
  • Bond - Duration: Short Term

The iShares 1-3 Year Treasury Bond (SHY) ETF is part of the following Lazy Portfolios:

Portfolio Name Author SHY Weight Currency
Short Term Treasury 100.00% USD
Robo Advisor 0 Betterment 80.00% USD
Robo Advisor 10 Betterment 61.40% USD
Sheltered Sam 0/100 Bill Bernstein 60.00% USD
Sheltered Sam 10/90 Bill Bernstein 54.00% USD
Sheltered Sam 20/80 Bill Bernstein 48.00% USD
Robo Advisor 20 Betterment 42.80% USD
Sheltered Sam 30/70 Bill Bernstein 42.00% USD
Coward's Portfolio Bill Bernstein 40.00% USD
Big Rocks Portfolio Larry Swedroe 40.00% USD
Sheltered Sam 40/60 Bill Bernstein 36.00% USD
Andrew Tobias Portfolio Andrew Tobias 33.33% USD
Ideal Index Frank Armstrong 30.00% USD
Sheltered Sam 50/50 Bill Bernstein 30.00% USD
No Brainer Portfolio Bill Bernstein 25.00% USD
Paul Boyer Portfolio Paul Boyer 25.00% USD
Sheltered Sam 60/40 Bill Bernstein 24.00% USD
Golden Butterfly Tyler 20.00% USD
Dynamic 40/60 Income 20.00% USD
Dynamic 60/40 Income 20.00% USD
Golden Butterfly with Bitcoin 20.00% USD
Sheltered Sam 70/30 Bill Bernstein 18.00% USD
Ultimate Buy&Hold FundAdvice 12.00% USD
Sheltered Sam 80/20 Bill Bernstein 12.00% USD
Warren Buffett Portfolio Warren Buffett 10.00% USD
In Saecula Saeculorum Fulvio Marchese 10.00% USD
Sheltered Sam 90/10 Bill Bernstein 6.00% USD

Investment Returns as of Jan 31, 2024

The iShares 1-3 Year Treasury Bond (SHY) ETF guaranteed the following returns.

Returns are calculated in USD, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
ISHARES 1-3 YEAR TREASURY BOND (SHY) ETF
Consolidated returns as of 31 January 2024
Live Update: Feb 21 2024
Swipe left to see all data
  Chg (%) Return (%) Return (%) as of Jan 31, 2024
  1 Day Time ET(*) Feb 2024 1M 6M 1Y 5Y 10Y 30Y MAX
(~153Y)
iShares 1-3 Year Treasury Bond (SHY) ETF -0.09 -0.51 0.32 3.17 3.50 1.13 0.91 3.01 4.43
US Inflation Adjusted return 0.01 1.49 0.38 -2.92 -1.83 0.47 2.26
Returns over 1 year are annualized | Available data source: since Jan 1871
(*) Eastern Time (ET - America/New York)
US Inflation is updated to Jan 2024. Current inflation (annualized) is 1Y: 3.11% , 5Y: 4.16% , 10Y: 2.79% , 30Y: 2.53%

In 2023, the iShares 1-3 Year Treasury Bond (SHY) ETF granted a 3.06% dividend yield. If you are interested in getting periodic income, please refer to the iShares 1-3 Year Treasury Bond (SHY) ETF: Dividend Yield page.

Capital Growth as of Jan 31, 2024

An investment of 1$, since February 1994, now would be worth 2.43$, with a total return of 143.48% (3.01% annualized).

The Inflation Adjusted Capital now would be 1.15$, with a net total return of 15.02% (0.47% annualized).
An investment of 1$, since January 1871, now would be worth 759.74$, with a total return of 75873.83% (4.43% annualized).

The Inflation Adjusted Capital now would be 30.61$, with a net total return of 2961.30% (2.26% annualized).

Investment Metrics as of Jan 31, 2024

Metrics of iShares 1-3 Year Treasury Bond (SHY) ETF, updated as of 31 January 2024.

Metrics are calculated based on monthly returns, assuming:
  • no fees or capital gain taxes.
  • the reinvestment of dividends.
  • the actual US Inflation rates.
ISHARES 1-3 YEAR TREASURY BOND (SHY) ETF
Advanced Metrics
Data Source: 1 January 1871 - 31 January 2024 (~153 years)
Swipe left to see all data
Metrics as of Jan 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y 20Y 30Y MAX
(~153Y)
Investment Return (%) 0.32 2.49 3.17 3.50 -0.16 1.13 0.91 1.67 3.01 4.43
Infl. Adjusted Return (%) details 0.01 1.78 1.49 0.38 -5.51 -2.92 -1.83 -0.88 0.47 2.26
US Inflation (%) 0.31 0.70 1.66 3.11 5.66 4.16 2.79 2.57 2.53 2.12
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Deepest Drawdown Depth (%) -0.99 -5.36 -5.36 -5.36 -5.36 -5.36 -8.52
Start to Recovery (# months) details 2 32* 32* 32* 32* 32* 13
Start (yyyy mm) 2023 02 2021 06 2021 06 2021 06 2021 06 2021 06 1971 04
Start to Bottom (# months) 1 17 17 17 17 17 4
Bottom (yyyy mm) 2023 02 2022 10 2022 10 2022 10 2022 10 2022 10 1971 07
Bottom to End (# months) 1 15 15 15 15 15 9
End (yyyy mm) 2023 03 - - - - - 1972 04
Longest Drawdown Depth (%) -0.87
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
-5.36
Start to Recovery (# months) details 6 32*
Start (yyyy mm) 2023 05 2021 06 2021 06 2021 06 2021 06 2021 06 2021 06
Start to Bottom (# months) 2 17 17 17 17 17 17
Bottom (yyyy mm) 2023 06 2022 10 2022 10 2022 10 2022 10 2022 10 2022 10
Bottom to End (# months) 4 15 15 15 15 15 15
End (yyyy mm) 2023 10 - - - - - -
Longest negative period (# months) details 5 36* 47 47 47 47 47
Period Start (yyyy mm) 2023 05 2021 02 2019 09 2019 09 2019 09 2019 09 2019 09
Period End (yyyy mm) 2023 09 2024 01 2023 07 2023 07 2023 07 2023 07 2023 07
Annualized Return (%) -0.57 -0.16 -0.08 -0.08 -0.08 -0.08 -0.08
Drawdowns / Negative periods marked with * are in progress
Deepest Drawdown Depth (%) -1.80 -17.33 -19.32 -19.37 -23.21 -23.21 -45.12
Start to Recovery (# months) details 9 36* 44* 108* 181* 181* 153
Start (yyyy mm) 2023 04 2021 02 2020 06 2015 02 2009 01 2009 01 1915 04
Start to Bottom (# months) 6 32 40 104 177 177 63
Bottom (yyyy mm) 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09 1920 06
Bottom to End (# months) 3 4 4 4 4 4 90
End (yyyy mm) 2023 12 - - - - - 1927 12
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
-42.49
Start to Recovery (# months) details 553
Start (yyyy mm) 2023 04 2021 02 2020 06 2015 02 2009 01 2009 01 1939 06
Start to Bottom (# months) 6 32 40 104 177 177 169
Bottom (yyyy mm) 2023 09 2023 09 2023 09 2023 09 2023 09 2023 09 1953 06
Bottom to End (# months) 3 4 4 4 4 4 384
End (yyyy mm) 2023 12 - - - - - 1985 06
Longest negative period (# months) details 10 36* 60* 120* 240* 306 625
Period Start (yyyy mm) 2023 02 2021 02 2019 02 2014 02 2004 02 1998 04 1933 02
Period End (yyyy mm) 2023 11 2024 01 2024 01 2024 01 2024 01 2023 09 1985 02
Annualized Return (%) -0.60 -5.51 -2.92 -1.83 -0.88 0.00 0.00
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y 20Y 30Y MAX
Standard Deviation (%) 2.44 2.17 1.91 1.48 1.47 1.81 3.46
Sharpe Ratio -0.66 -1.09 -0.34 -0.15 0.24 0.42 0.13
Sortino Ratio -0.95 -1.59 -0.48 -0.22 0.36 0.64 0.19
Ulcer Index 0.42 2.90 2.26 1.62 1.17 1.00 1.20
Ratio: Return / Standard Deviation 1.43 -0.08 0.59 0.62 1.14 1.66 1.28
Ratio: Return / Deepest Drawdown 3.53 -0.03 0.21 0.17 0.31 0.56 0.52
% Positive Months details 66% 44% 55% 56% 64% 69% 70%
Positive Months 8 16 33 68 155 250 1293
Negative Months 4 20 27 52 85 110 544
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Best 10 Years Return (%) - Annualized 0.91 2.50 6.01 11.72
Worst 10 Years Return (%) - Annualized 0.45 0.45 0.45
Best 10 Years Return (%) - Annualized -1.83 0.62 3.49 9.41
Worst 10 Years Return (%) - Annualized -2.08 -2.08 -4.88
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y 20Y 30Y MAX
Over the latest 30Y
Best Rolling Return (%) - Annualized 12.11 8.27 6.92 6.01 4.20 3.01
Worst Rolling Return (%) - Annualized -5.11 -1.26 0.32 0.45 1.55
% Positive Periods 89% 94% 100% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 93.90 29.48 18.94 9.43 4.91 4.25
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - 0.55
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 9.46 5.61 4.50 3.49 1.81 0.47
Worst Rolling Return (%) - Annualized -12.30 -6.64 -3.31 -2.08 -0.99
% Positive Periods 53% 52% 57% 67% 76% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 93.90 29.48 18.94 9.43 4.91 4.25
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - 0.55
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 1871 - Jan 2024)
Best Rolling Return (%) - Annualized 25.82 17.24 15.57 11.72 9.50 8.27
Worst Rolling Return (%) - Annualized -5.42 -1.26 0.32 0.45 1.09 1.88
% Positive Periods 92% 98% 100% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 88.71 26.96 14.58 7.57 3.46 2.34
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Best Rolling Return (%) - Annualized 30.38 17.20 16.30 9.41 8.80 6.81
Worst Rolling Return (%) - Annualized -19.03 -12.29 -11.10 -4.88 -2.61 -1.04
% Positive Periods 62% 69% 71% 74% 82% 87%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 88.71 26.96 14.58 7.57 3.46 2.34
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Terms and Definitions
  • Annualized Portfolio Return: it's the annualized geometric mean return of the portfolio.
  • Deepest/Longest Drawdown: a drawdown refers to the decline in value from a relative peak value to a relative trough. The deepest (or maximum) drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The longest drawdown is the period observed from a peak to the subsequent peak with the greatest duration.
  • Longest negative period: it's the maximum period for which an overall negative return has been observed.
  • Standard Deviation: it's a measure of the dispersion of returns around the mean.
  • Sharpe Ratio: it's a measure of risk-adjusted performance of the portfolio. It's calculated by dividing the excess return of the portfolio over the risk-free rate by the portfolio standard deviation. The risk-free rate here considered is the 1-3 Mth T-Bill return.
  • Sortino Ratio: another measure of risk-adjusted performance of the portfolio. It's a modification of the Sharpe Ratio (same formula but the denominator is the portfolio downside standard deviation).
  • Ulcer Index: it's a measure of downside risk that quantifies the depth and duration of drawdowns in an investment portfolio.
  • Best/Worst 10Y returns: the best and the worst 10-year return over a time frame.
  • Rolling Returns: N-year returns over a time frame, calculated over all the available data source (best, worst, % of positive returns). Each rolling period, longer than the longest negative period, yielded a non-negative minimum return.
  • Safe Withdrawal Rate (SWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, without the portfolio running out of money in any case (money amount withdrawal).
    For instance: Your initial invested capital is 100.000$; withdrawal rate (annualized) is 4%. This means that, in the first month, you will withdraw 100.000 * 4% * 1/12 = 333.33$. The second month, you’ll withdraw 333.33$ plus the inflation monthly rate. You’ll continue adjusting your withdraw monthly for inflation.
  • Perpetual Withdrawal Rate (PWR): it's the percentage of the initial portfolio balance that can be withdrawn at the beginning of each month with inflation adjustment, preserving the original invested capital, adjusted for inflation too.

Correlations as of Jan 31, 2024

Correlation measures to what degree the returns of the two assets move in relation to each other.

Correlation coefficient is a numerical value between -1 and +1. If one variable goes up by a certain amount, the correlation coefficient indicates which way the other variable moves and by how much.
Asset correlations are calculated based on monthly returns.

Monthly correlations of iShares 1-3 Year Treasury Bond (SHY) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

ISHARES 1-3 YEAR TREASURY BOND (SHY) ETF
Monthly correlations as of 31 January 2024
Swipe left to see all data
Correlation vs SHY
Asset Class 1 Year 5 Years 10 Years 30 Years Since
Jan 1992
VTI
US Total Stock Market
0.41
0.14
0.04
-0.13
-0.13
SPY
US Large Cap
0.46
0.15
0.05
-0.11
-0.10
IJR
US Small Cap
0.14
0.00
-0.07
-0.18
-0.17
VNQ
US REITs
0.43
0.16
0.18
-0.02
0.01
QQQ
US Technology
0.44
0.26
0.14
-0.14
-0.14
PFF
Preferred Stocks
0.23
0.21
0.20
0.10
0.11
EFA
EAFE Stocks
0.54
0.23
0.13
-0.13
-0.09
VT
World All Countries
0.48
0.17
0.08
-0.15
-0.12
EEM
Emerging Markets
0.51
0.21
0.16
-0.10
-0.06
VGK
Europe
0.48
0.20
0.12
-0.10
-0.07
VPL
Pacific
0.59
0.26
0.14
-0.11
-0.07
FLLA
Latin America
0.31
-0.10
-0.07
-0.16
-0.16
BND
US Total Bond Market
0.82
0.76
0.77
0.73
0.73
TLT
Long Term Treasuries
0.70
0.70
0.68
0.60
0.59
BIL
US Cash
0.35
0.32
0.29
0.39
0.39
TIP
TIPS
0.86
0.63
0.63
0.62
0.64
LQD
Invest. Grade Bonds
0.77
0.62
0.61
0.51
0.52
HYG
High Yield Bonds
0.71
0.31
0.24
0.03
0.05
CWB
US Convertible Bonds
0.26
0.08
0.04
-0.16
-0.14
BNDX
International Bonds
0.81
0.64
0.62
0.48
0.50
EMB
Emerg. Market Bonds
0.60
0.31
0.32
0.14
0.16
GLD
Gold
0.75
0.39
0.39
0.19
0.17
DBC
Commodities
0.08
-0.29
-0.22
-0.02
-0.01

If you want to learn more about historical correlations, you can find out here how the main asset class are correlated to each other.

Drawdowns

A drawdown refers to the decline in value from a relative peak value to a relative trough. A maximum drawdown is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained.

ISHARES 1-3 YEAR TREASURY BOND (SHY) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1871 - 31 January 2024 (~153 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-5.36% Jun 2021 Oct 2022 17 in progress 15 32 3.07
-2.23% Feb 1994 Apr 1994 3 Jan 1995 9 12 1.33
-1.18% Apr 2008 May 2008 2 Sep 2008 4 6 0.68
-1.11% Feb 1996 Apr 1996 3 Jul 1996 3 6 0.72
-1.09% Nov 2001 Dec 2001 2 Feb 2002 2 4 0.68
-1.09% Apr 2004 Jun 2004 3 Oct 2004 4 7 0.72
-0.90% Sep 2017 Feb 2018 6 Nov 2018 9 15 0.52
-0.88% Feb 1999 Feb 1999 1 Apr 1999 2 3 0.45
-0.84% Dec 2009 Dec 2009 1 Feb 2010 2 3 0.42
-0.82% Mar 2002 Mar 2002 1 Apr 2002 1 2 0.47
-0.67% Jul 2016 Nov 2016 5 Aug 2017 9 14 0.33
-0.66% Nov 2002 Nov 2002 1 Dec 2002 1 2 0.38
-0.64% Nov 2004 Feb 2005 4 May 2005 3 7 0.42
-0.58% Jan 2009 Feb 2009 2 Aug 2009 6 8 0.29
-0.55% Jul 2003 Aug 2003 2 Sep 2003 1 3 0.37
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 187 1.9 Months 51.80%
 
DD = 0% 51.80%
 
0% < DD <= -5% 172 2.1 Months 47.65%
 
DD <= -5% 99.45%
 
-5% < DD <= -10% 2 180.5 Months 0.55%
 
DD <= -10% 100.00%
 
-10% < DD <= -15% 0 - 0.00%
 
DD <= -15% 100.00%
 
-15% < DD <= -20% 0 - 0.00%
 
DD <= -20% 100.00%
 
-20% < DD <= -25% 0 - 0.00%
 
DD <= -25% 100.00%
 
-25% < DD <= -30% 0 - 0.00%
 
DD <= -30% 100.00%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-23.21% Jan 2009 Sep 2023 177 in progress 4 181 9.89
-5.75% Jul 2003 Oct 2005 28 Jan 2008 27 55 3.25
-3.65% Feb 1994 Nov 1994 10 May 1995 6 16 2.37
-3.14% Mar 2008 Jul 2008 5 Oct 2008 3 8 1.94
-2.10% Feb 1996 May 1996 4 Oct 1996 5 9 1.29
-1.55% Feb 1999 Jan 2000 12 Jul 2000 6 18 0.89
-1.31% Nov 2001 Mar 2002 5 May 2002 2 7 0.70
-1.02% Oct 2002 Nov 2002 2 Dec 2002 1 3 0.52
-0.66% Jan 2003 Feb 2003 2 May 2003 3 5 0.44
-0.39% Dec 1996 Mar 1997 4 Apr 1997 1 5 0.23
-0.28% Nov 1998 Nov 1998 1 Jan 1999 2 3 0.17
-0.23% Aug 1997 Aug 1997 1 Sep 1997 1 2 0.14
-0.18% Apr 2001 May 2001 2 Jul 2001 2 4 0.10
-0.07% Feb 1998 Feb 1998 1 Mar 1998 1 2 0.04
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 56 6.4 Months 15.51%
 
DD = 0% 15.51%
 
0% < DD <= -5% 172 2.1 Months 47.65%
 
DD <= -5% 63.16%
 
-5% < DD <= -10% 93 3.9 Months 25.76%
 
DD <= -10% 88.92%
 
-10% < DD <= -15% 16 22.6 Months 4.43%
 
DD <= -15% 93.35%
 
-15% < DD <= -20% 4 90.3 Months 1.11%
 
DD <= -20% 94.46%
 
-20% < DD <= -25% 20 18.1 Months 5.54%
 
DD <= -25% 100.00%
 
-25% < DD <= -30% 0 - 0.00%
 
DD <= -30% 100.00%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-8.52% Apr 1971 Jul 1971 4 Apr 1972 9 13 3.84
-7.53% Jul 1895 Feb 1896 8 Nov 1896 9 17 4.75
-6.84% Mar 1970 May 1970 3 Nov 1970 6 9 3.57
-6.17% Sep 1931 Jan 1932 5 Jul 1932 6 11 2.87
-5.89% Feb 1898 Apr 1898 3 Jul 1898 3 6 3.47
-5.48% Jun 1939 Sep 1939 4 Mar 1941 18 22 2.34
-5.36% Jun 2021 Oct 2022 17 in progress 15 32 3.07
-4.59% Jul 1958 Sep 1958 3 Mar 1960 18 21 2.73
-4.40% Jul 1873 Oct 1873 4 Dec 1873 2 6 2.62
-4.27% Jun 1902 Jul 1902 2 Sep 1902 2 4 2.73
-4.26% Jul 1980 Nov 1980 5 Mar 1981 4 9 2.25
-4.14% Sep 1968 Dec 1968 4 Apr 1969 4 8 2.07
-4.03% Feb 1980 Feb 1980 1 Apr 1980 2 3 2.42
-3.84% Mar 1975 Apr 1975 2 Jun 1975 2 4 2.19
-3.69% Jul 1871 Feb 1872 8 May 1872 3 11 1.95
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 941 2.0 Months 51.20%
 
DD = 0% 51.20%
 
0% < DD <= -5% 881 2.1 Months 47.93%
 
DD <= -5% 99.13%
 
-5% < DD <= -10% 16 114.9 Months 0.87%
 
DD <= -10% 100.00%
 
-10% < DD <= -15% 0 - 0.00%
 
DD <= -15% 100.00%
 
-15% < DD <= -20% 0 - 0.00%
 
DD <= -20% 100.00%
 
-20% < DD <= -25% 0 - 0.00%
 
DD <= -25% 100.00%
 
-25% < DD <= -30% 0 - 0.00%
 
DD <= -30% 100.00%
 
-30% < DD <= -35% 0 - 0.00%
 
DD <= -35% 100.00%
 
-35% < DD <= -40% 0 - 0.00%
 
DD <= -40% 100.00%
 
-40% < DD <= -45% 0 - 0.00%
 
DD <= -45% 100.00%
 
-45% < DD <= -50% 0 - 0.00%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-45.12% Apr 1915 Jun 1920 63 Dec 1927 90 153 21.17
-42.49% Jun 1939 Jun 1953 169 Jun 1985 384 553 27.98
-23.21% Jan 2009 Sep 2023 177 in progress 4 181 9.89
-17.77% Jul 1879 Jan 1880 7 Jul 1883 42 49 9.78
-15.92% Aug 1897 Apr 1900 33 Jul 1904 51 84 9.02
-12.11% Jul 1892 Feb 1893 8 Aug 1893 6 14 6.60
-10.30% Jun 1908 Apr 1910 23 Oct 1910 6 29 5.32
-9.00% Jul 1876 Jan 1877 7 Jun 1877 5 12 4.44
-8.87% Jul 1933 Sep 1937 51 Apr 1939 19 70 4.60
-8.81% Sep 1871 Mar 1872 7 May 1873 14 21 5.22
-7.87% Apr 1895 Oct 1895 7 May 1896 7 14 4.38
-7.49% May 1911 Sep 1912 17 Apr 1914 19 36 4.94
-6.60% Nov 1905 Dec 1906 14 Jan 1908 13 27 4.09
-5.75% Jul 2003 Oct 2005 28 Jan 2008 27 55 3.25
-5.48% Jul 1886 Jan 1887 7 May 1888 16 23 3.00
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Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 302 6.1 Months 16.43%
 
DD = 0% 16.43%
 
0% < DD <= -5% 574 3.2 Months 31.23%
 
DD <= -5% 47.66%
 
-5% < DD <= -10% 257 7.2 Months 13.98%
 
DD <= -10% 61.64%
 
-10% < DD <= -15% 95 19.3 Months 5.17%
 
DD <= -15% 66.81%
 
-15% < DD <= -20% 128 14.4 Months 6.96%
 
DD <= -20% 73.78%
 
-20% < DD <= -25% 130 14.1 Months 7.07%
 
DD <= -25% 80.85%
 
-25% < DD <= -30% 112 16.4 Months 6.09%
 
DD <= -30% 86.94%
 
-30% < DD <= -35% 81 22.7 Months 4.41%
 
DD <= -35% 91.35%
 
-35% < DD <= -40% 118 15.6 Months 6.42%
 
DD <= -40% 97.77%
 
-40% < DD <= -45% 40 46.0 Months 2.18%
 
DD <= -45% 99.95%
 
-45% < DD <= -50% 1 1838.0 Months 0.05%
 
DD <= -50% 100.00%
 
-50% < DD <= -55% 0 - 0.00%
 
DD <= -55% 100.00%
 
-55% < DD <= -60% 0 - 0.00%
 
DD <= -60% 100.00%
 
-60% < DD <= -65% 0 - 0.00%
 
DD <= -65% 100.00%
 
-65% < DD <= -70% 0 - 0.00%
 
DD <= -70% 100.00%
 
-70% < DD <= -100% 0 - 0.00%
 
DD <= -100% 100.00%
 

Rolling Returns

( more details)

A rolling return is a measure of investment performance that calculates the return of an investment over a set period of time, with the starting date rolling forward. This approach can provide a more accurate representation of the investment's historical performance and helps investors to evaluate the investment's consistency over time.

ISHARES 1-3 YEAR TREASURY BOND (SHY) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1871 - 31 January 2024 (~153 years)
Inflation Adjusted:
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -5.11 10/2021
09/2022
0.94$ 0.21 1.00$ 2.32 1.02$ 6.99 1.06$ 12.11 01/1995
12/1995
1.12$ 3.50 10.32%
2Y -2.67 11/2020
10/2022
0.94$ 0.42 1.00$ 2.33 1.04$ 6.54 1.13$ 9.17 10/2000
09/2002
1.19$ 0.47 8.31%
3Y -1.26 07/2020
06/2023
0.96$ 0.50 1.01$ 2.54 1.07$ 6.16 1.19$ 8.27 02/2000
01/2003
1.26$ -0.16 5.54%
5Y 0.32 05/2013
04/2018
1.01$ 0.68 1.03$ 3.18 1.16$ 5.84 1.32$ 6.92 10/1997
09/2002
1.39$ 1.13 0.00%
7Y 0.39 10/2011
09/2018
1.02$ 0.72 1.05$ 3.20 1.24$ 5.59 1.46$ 7.05 11/1994
10/2001
1.61$ 1.07 0.00%
10Y 0.45 11/2012
10/2022
1.04$ 0.99 1.10$ 2.49 1.27$ 4.91 1.61$ 6.01 04/1994
03/2004
1.79$ 0.91 0.00%
15Y 0.87 12/2008
11/2023
1.13$ 1.82 1.31$ 2.61 1.47$ 4.61 1.96$ 5.32 12/1994
11/2009
2.17$ 0.95 0.00%
20Y 1.55 03/2003
02/2023
1.35$ 1.70 1.40$ 2.91 1.77$ 3.80 2.10$ 4.20 06/1994
05/2014
2.27$ 1.67 0.00%
30Y 3.01 02/1994
01/2024
2.43$ 3.01 2.43$ 3.01 2.43$ 3.01 2.43$ 3.01 02/1994
01/2024
2.43$ 3.01 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -12.30 10/2021
09/2022
0.87$ -2.29 0.97$ 0.50 1.00$ 4.91 1.04$ 9.46 11/2000
10/2001
1.09$ 0.38 46.70%
2Y -9.03 11/2020
10/2022
0.82$ -1.80 0.96$ 0.18 1.00$ 3.86 1.07$ 6.98 10/2000
09/2002
1.14$ -4.06 47.18%
3Y -6.64 07/2020
06/2023
0.81$ -1.46 0.95$ 0.40 1.01$ 3.71 1.11$ 5.61 06/2000
05/2003
1.17$ -5.51 48.00%
5Y -3.31 11/2017
10/2022
0.84$ -1.05 0.94$ 0.40 1.01$ 3.30 1.17$ 4.50 10/1997
09/2002
1.24$ -2.92 42.52%
7Y -2.92 03/2016
02/2023
0.81$ -1.05 0.92$ 0.76 1.05$ 3.09 1.23$ 4.45 12/1994
11/2001
1.35$ -2.34 36.82%
10Y -2.08 10/2013
09/2023
0.81$ -0.85 0.91$ 0.40 1.04$ 2.27 1.25$ 3.49 04/1994
03/2004
1.40$ -1.83 32.37%
15Y -1.61 01/2009
12/2023
0.78$ -0.33 0.95$ 0.56 1.08$ 2.12 1.36$ 2.74 12/1994
11/2009
1.50$ -1.57 30.94%
20Y -0.99 07/2003
06/2023
0.82$ -0.77 0.85$ 0.75 1.16$ 1.52 1.35$ 1.81 01/1995
12/2014
1.43$ -0.88 23.14%
30Y 0.47 02/1994
01/2024
1.15$ 0.47 1.15$ 0.47 1.15$ 0.47 1.15$ 0.47 02/1994
01/2024
1.15$ 0.47 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -5.42 08/1895
07/1896
0.94$ 0.72 1.00$ 4.05 1.04$ 8.04 1.08$ 25.82 10/1981
09/1982
1.25$ 3.50 7.39%
2Y -2.67 11/2020
10/2022
0.94$ 1.27 1.02$ 4.12 1.08$ 7.36 1.15$ 19.29 05/1981
04/1983
1.42$ 0.47 2.04%
3Y -1.26 07/2020
06/2023
0.96$ 1.45 1.04$ 4.34 1.13$ 6.86 1.22$ 17.24 03/1980
02/1983
1.61$ -0.16 1.22%
5Y 0.32 05/2013
04/2018
1.01$ 1.53 1.07$ 4.33 1.23$ 6.58 1.37$ 15.57 09/1981
08/1986
2.06$ 1.13 0.00%
7Y 0.39 10/2011
09/2018
1.02$ 1.50 1.10$ 4.36 1.34$ 6.58 1.56$ 13.80 03/1980
02/1987
2.47$ 1.07 0.00%
10Y 0.45 11/2012
10/2022
1.04$ 1.65 1.17$ 4.42 1.54$ 6.44 1.86$ 11.72 03/1980
02/1990
3.02$ 0.91 0.00%
15Y 0.87 12/2008
11/2023
1.13$ 2.11 1.36$ 4.40 1.90$ 6.96 2.74$ 10.33 11/1978
10/1993
4.37$ 0.95 0.00%
20Y 1.09 07/1933
06/1953
1.24$ 2.34 1.58$ 4.30 2.32$ 7.27 4.06$ 9.50 08/1973
07/1993
6.14$ 1.67 0.00%
30Y 1.88 11/1933
10/1963
1.74$ 2.59 2.15$ 4.34 3.57$ 7.46 8.66$ 8.27 08/1973
07/2003
10.84$ 3.01 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
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Rolling
Period
Worst Period
15th Percentile
50th Percentile
85th Percentile
Best Period
Latest Negative
Periods
Ann.
Return
From
To
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
Growth
of 1$
Ann.
Return
From
To
Growth
of 1$
1Y -19.03 07/1919
06/1920
0.80$ -3.90 0.96$ 1.75 1.01$ 9.41 1.09$ 30.38 06/1877
05/1878
1.30$ 0.38 37.35%
2Y -14.68 07/1918
06/1920
0.72$ -2.46 0.95$ 2.03 1.04$ 7.47 1.15$ 22.89 07/1920
06/1922
1.51$ -4.06 33.30%
3Y -12.29 02/1917
01/1920
0.67$ -2.01 0.94$ 2.15 1.06$ 7.45 1.24$ 17.20 08/1873
07/1876
1.60$ -5.51 30.19%
5Y -11.10 07/1915
06/1920
0.55$ -1.28 0.93$ 1.94 1.10$ 7.12 1.41$ 16.30 06/1873
05/1878
2.12$ -2.92 28.68%
7Y -7.07 06/1913
05/1920
0.59$ -1.46 0.90$ 1.90 1.14$ 6.63 1.56$ 14.38 05/1872
04/1879
2.56$ -2.34 25.88%
10Y -4.88 06/1941
05/1951
0.60$ -1.20 0.88$ 1.99 1.21$ 6.33 1.84$ 9.41 04/1871
03/1881
2.45$ -1.83 25.96%
15Y -3.26 07/1938
06/1953
0.60$ -0.50 0.92$ 1.90 1.32$ 5.06 2.09$ 9.32 04/1871
03/1886
3.80$ -1.57 19.84%
20Y -2.61 07/1933
06/1953
0.58$ -0.23 0.95$ 1.91 1.45$ 4.54 2.43$ 8.80 05/1872
04/1892
5.40$ -0.88 17.02%
30Y -1.04 07/1933
06/1963
0.73$ 0.28 1.08$ 1.92 1.77$ 3.49 2.79$ 6.81 04/1871
03/1901
7.21$ 0.47 12.52%
Annualized rolling and percentiles/median returns over full calendar month periods

If you need a deeper detail about rolling returns, please refer to the iShares 1-3 Year Treasury Bond (SHY) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in iShares 1-3 Year Treasury Bond (SHY) ETF?

Both the Average Return and the Gain Frequency (Win %) are useful to get an idea of what happened in the past.
For further information about the seasonality, check the Asset Class Seasonality page.
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.20
80%
-0.10
40%
0.41
60%
0.05
80%
0.18
60%
-0.16
40%
0.18
80%
0.07
40%
-0.30
0%
0.03
40%
0.33
60%
0.24
80%
Best 0.8
2023
0.9
2020
1.6
2023
0.3
2020
0.7
2019
0.5
2019
0.4
2022
0.8
2019
0.0
2020
0.3
2023
1.1
2023
1.1
2023
Worst -0.7
2022
-1.0
2023
-1.4
2022
-0.5
2022
-0.4
2023
-0.6
2022
-0.1
2019
-0.8
2022
-1.2
2022
-0.3
2021
-0.1
2021
-0.2
2021
Monthly Seasonality over the period Feb 1871 - Jan 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.24
80%
-0.07
50%
0.27
70%
0.04
80%
0.15
70%
-0.03
50%
0.10
60%
0.08
50%
-0.15
20%
0.03
40%
0.12
50%
0.16
60%
Best 0.8
2023
0.9
2020
1.6
2023
0.3
2020
0.7
2019
0.6
2016
0.4
2022
0.8
2019
0.3
2015
0.3
2023
1.1
2023
1.1
2023
Worst -0.7
2022
-1.0
2023
-1.4
2022
-0.5
2022
-0.4
2023
-0.6
2022
-0.1
2014
-0.8
2022
-1.2
2022
-0.3
2021
-0.5
2016
-0.3
2014
Monthly Seasonality over the period Feb 1871 - Jan 2024
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Monthly Average Return (%) and Gain Frequency
Return (%) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Average
Gain Frequency
0.28
71%
0.42
72%
0.44
77%
0.32
72%
0.39
71%
0.39
72%
0.12
62%
0.23
66%
0.38
66%
0.45
72%
0.52
69%
0.45
72%
Best 5.6
1968
6.6
1970
4.9
1971
7.9
1980
3.7
1980
2.2
1970
3.8
1982
4.6
1971
4.0
1902
5.3
1969
6.8
1970
5.5
1873
Worst -3.0
1896
-4.0
1980
-3.0
1898
-5.1
1970
-2.0
1971
-2.3
1902
-3.6
1875
-2.2
1958
-4.2
1939
-4.3
1895
-1.7
1933
-2.6
1969
Monthly Seasonality over the period Feb 1871 - Jan 2024

Monthly Returns

This section provides a visual/tabular representation of the performance variability in the iShares 1-3 Year Treasury Bond (SHY) ETF over time. It illustrates the distribution of monthly returns, showcasing the range and frequency of positive and negative returns.

ISHARES 1-3 YEAR TREASURY BOND (SHY) ETF
Monthly Returns Distribution
Data Source: 1 February 1994 - 31 January 2024 (30 Years)
Data Source: 1 January 1871 - 31 January 2024 (~153 years)
250 Positive Months (69%) - 110 Negative Months (31%)
1293 Positive Months (70%) - 544 Negative Months (30%)
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(Scroll down to see all data)
Investment Returns, up to December 2002, have been derived using the historical series of equivalent ETFs / Assets.
You can find additional information on extended Data Sources here.

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