iShares Short Treasury Bond (SHV): Historical Returns

Data Source: from January 2008 to January 2024 (~16 years)
Consolidated Returns as of 31 January 2024
Category: Fixed Income
iShares Short Treasury Bond (SHV) ETF
ETF • LIVE PERFORMANCE (USD currency)
0.40%
January 2024

In the last 10 Years, the iShares Short Treasury Bond (SHV) ETF obtained a 1.18% compound annual return, with a 0.50% 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: Ultra Short-Term

Investment Returns as of Jan 31, 2024

The iShares Short Treasury Bond (SHV) 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 SHORT TREASURY BOND (SHV) ETF
Consolidated returns as of 31 January 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 MAX
(~16Y)
iShares Short Treasury Bond (SHV) ETF n.a. n.a. 0.40 2.74 4.77 1.76 1.18 0.93
US Inflation Adjusted return 0.09 1.06 1.61 -2.31 -1.56 -1.43
Returns over 1 year are annualized | Available data source: since Jan 2008
(*) 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%

In 2023, the iShares Short Treasury Bond (SHV) ETF granted a 4.84% dividend yield. If you are interested in getting periodic income, please refer to the iShares Short Treasury Bond (SHV) ETF: Dividend Yield page.

Capital Growth as of Jan 31, 2024

An investment of 1$, since February 2014, now would be worth 1.12$, with a total return of 12.47% (1.18% annualized).

The Inflation Adjusted Capital now would be 0.85$, with a net total return of -14.55% (-1.56% annualized).
An investment of 1$, since January 2008, now would be worth 1.16$, with a total return of 16.09% (0.93% annualized).

The Inflation Adjusted Capital now would be 0.79$, with a net total return of -20.73% (-1.43% annualized).

Investment Metrics as of Jan 31, 2024

Metrics of iShares Short Treasury Bond (SHV) 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 SHORT TREASURY BOND (SHV) ETF
Advanced Metrics
Data Source: 1 January 2008 - 31 January 2024 (~16 years)
Swipe left to see all data
Metrics as of Jan 31, 2024
1M 3M 6M 1Y 3Y 5Y 10Y MAX
(~16Y)
Investment Return (%) 0.40 1.39 2.74 4.77 1.96 1.76 1.18 0.93
Infl. Adjusted Return (%) details 0.09 0.69 1.06 1.61 -3.50 -2.31 -1.56 -1.43
US Inflation (%) 0.31 0.70 1.66 3.11 5.66 4.16 2.79 2.40
Returns / Inflation rates over 1 year are annualized.
DRAWDOWN
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y MAX
Deepest Drawdown Depth (%) -0.05 -0.28 -0.30 -0.30 -0.30
Start to Recovery (# months) details 2 20 30 30 30
Start (yyyy mm) 2023 02 2021 03 2020 05 2020 05 2020 05
Start to Bottom (# months) 1 16 26 26 26
Bottom (yyyy mm) 2023 02 2022 06 2022 06 2022 06 2022 06
Bottom to End (# months) 1 4 4 4 4
End (yyyy mm) 2023 03 2022 10 2022 10 2022 10 2022 10
Longest Drawdown Depth (%)
same as
deepest

same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details
Start (yyyy mm) 2023 02 2021 03 2020 05 2020 05 2020 05
Start to Bottom (# months) 1 16 26 26 26
Bottom (yyyy mm) 2023 02 2022 06 2022 06 2022 06 2022 06
Bottom to End (# months) 1 4 4 4 4
End (yyyy mm) 2023 03 2022 10 2022 10 2022 10 2022 10
Longest negative period (# months) details 1 20 30 30 30
Period Start (yyyy mm) 2023 02 2021 02 2020 04 2020 04 2020 04
Period End (yyyy mm) 2023 02 2022 09 2022 09 2022 09 2022 09
Annualized Return (%) -0.54 -0.02 -0.01 -0.01 -0.01
Deepest Drawdown Depth (%) -0.43 -11.95 -14.18 -16.47 -24.48
Start to Recovery (# months) details 2 36* 44* 108* 181*
Start (yyyy mm) 2023 02 2021 02 2020 06 2015 02 2009 01
Start to Bottom (# months) 1 25 33 97 170
Bottom (yyyy mm) 2023 02 2023 02 2023 02 2023 02 2023 02
Bottom to End (# months) 1 11 11 11 11
End (yyyy mm) 2023 03 - - - -
Longest Drawdown Depth (%) -0.03
same as
deepest

same as
deepest

same as
deepest

same as
deepest
Start to Recovery (# months) details 3
Start (yyyy mm) 2023 08 2021 02 2020 06 2015 02 2009 01
Start to Bottom (# months) 1 25 33 97 170
Bottom (yyyy mm) 2023 08 2023 02 2023 02 2023 02 2023 02
Bottom to End (# months) 2 11 11 11 11
End (yyyy mm) 2023 10 - - - -
Longest negative period (# months) details 3 36* 60* 120* 193*
Period Start (yyyy mm) 2023 02 2021 02 2019 02 2014 02 2008 01
Period End (yyyy mm) 2023 04 2024 01 2024 01 2024 01 2024 01
Annualized Return (%) -0.46 -3.50 -2.31 -1.56 -1.43
Drawdowns / Negative periods marked with * are in progress
RISK INDICATORS
1Y 3Y 5Y 10Y MAX
Standard Deviation (%) 0.51 0.72 0.62 0.50 0.47
Sharpe Ratio -0.65 -0.34 -0.03 0.10 -6.54
Sortino Ratio -0.73 -0.54 -0.04 0.18 -13.56
Ulcer Index 0.01 0.11 0.09 0.06 0.05
Ratio: Return / Standard Deviation 9.43 2.71 2.83 2.38 1.99
Ratio: Return / Deepest Drawdown 105.04 6.94 5.92 3.98 3.14
% Positive Months details 91% 69% 73% 76% 70%
Positive Months 11 25 44 92 137
Negative Months 1 11 16 28 56
LONG TERM RETURNS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y MAX
Best 10 Years Return (%) - Annualized 1.18 1.18
Worst 10 Years Return (%) - Annualized 0.31
Best 10 Years Return (%) - Annualized -1.56 -1.02
Worst 10 Years Return (%) - Annualized -1.97
ROLLING PERIODS
Inflation Adjusted:
Inflation Adjusted:
1Y 3Y 5Y 10Y MAX
Over the latest 10Y
Best Rolling Return (%) - Annualized 4.77 1.96 1.76 1.18
Worst Rolling Return (%) - Annualized -0.26 0.16 0.61
% Positive Periods 84% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 95.71 30.50 18.85 9.39
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 1.99 0.21 -0.35 -1.56
Worst Rolling Return (%) - Annualized -8.48 -4.84 -2.75
% Positive Periods 28% 3% 0% 0%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 95.71 30.50 18.85 9.39
PWR - Perpetual Withdrawal Rate (%) - 100% Success - Annualized - - - -
WR calculated based on initial capital | Monthly withdrawals adjusted for inflation | Credits: BestRetirementPortfolio.com
Over all the available data source (Jan 2008 - Jan 2024)
Best Rolling Return (%) - Annualized 4.77 1.96 1.76 1.18
Worst Rolling Return (%) - Annualized -0.26 0.00 0.02 0.31
% Positive Periods 87% 100% 100% 100%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 95.71 30.50 18.85 9.15
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 3.16 0.21 -0.35 -1.02
Worst Rolling Return (%) - Annualized -8.48 -4.84 -2.75 -1.97
% Positive Periods 23% 1% 0% 0%
SWR - Safe Withdrawal Rate (%) - 100% Success - Annualized 95.71 30.50 18.85 9.15
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 Short Treasury Bond (SHV) ETF vs the main Asset Classes, over different timeframes. Columns are sortable (click on table header to sort).

ISHARES SHORT TREASURY BOND (SHV) ETF
Monthly correlations as of 31 January 2024
Swipe left to see all data
Correlation vs SHV
Asset Class 1 Year 5 Years 10 Years Since
Jan 2008
VTI
US Total Stock Market
0.44
-0.01
0.00
-0.09
SPY
US Large Cap
0.47
0.01
0.01
-0.08
IJR
US Small Cap
0.21
-0.12
-0.10
-0.14
VNQ
US REITs
0.45
-0.03
-0.01
-0.07
QQQ
US Technology
0.34
0.09
0.07
-0.05
PFF
Preferred Stocks
0.30
0.01
0.00
-0.09
EFA
EAFE Stocks
0.43
0.06
0.06
-0.04
VT
World All Countries
0.46
0.01
0.02
-0.08
EEM
Emerging Markets
0.54
0.05
0.05
-0.07
VGK
Europe
0.31
0.03
0.04
-0.05
VPL
Pacific
0.57
0.10
0.06
-0.03
FLLA
Latin America
0.45
-0.05
0.02
-0.07
BND
US Total Bond Market
0.59
0.33
0.28
0.22
TLT
Long Term Treasuries
0.46
0.30
0.22
0.21
BIL
US Cash
0.72
0.91
0.91
0.84
TIP
TIPS
0.51
0.14
0.15
0.04
LQD
Invest. Grade Bonds
0.59
0.25
0.22
0.10
HYG
High Yield Bonds
0.65
0.10
0.10
-0.06
CWB
US Convertible Bonds
0.31
-0.06
-0.03
-0.14
BNDX
International Bonds
0.57
0.29
0.21
0.03
EMB
Emerg. Market Bonds
0.54
0.13
0.10
0.04
GLD
Gold
0.55
0.21
0.22
0.12
DBC
Commodities
0.29
-0.31
-0.10
-0.14

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 SHORT TREASURY BOND (SHV) ETF
Drawdown periods
Drawdown periods - Inflation Adjusted
Data Source: 1 February 2014 - 31 January 2024 (10 Years)
Data Source: 1 January 2008 - 31 January 2024 (~16 years)
Inflation Adjusted:
Swipe left to see all data
Drawdown period
Recovery period
Total
Drawdown Start Bottom #Months End #Months #Months Ulcer Index
-0.30% May 2020 Jun 2022 26 Oct 2022 4 30 0.12
-0.07% Nov 2016 Nov 2016 1 Dec 2016 1 2 0.04
-0.05% Oct 2015 Dec 2015 3 Jan 2016 1 4 0.03
-0.05% Feb 2023 Feb 2023 1 Mar 2023 1 2 0.03
-0.02% Jul 2015 Jul 2015 1 Sep 2015 2 3 0.01
-0.02% Jul 2014 Sep 2014 3 Oct 2014 1 4 0.01
-0.02% Nov 2014 Dec 2014 2 Feb 2015 2 4 0.01
-0.01% Mar 2015 Mar 2015 1 Jun 2015 3 4 0.00
-0.01% May 2016 May 2016 1 Jun 2016 1 2 0.00
-0.00% Apr 2017 Apr 2017 1 May 2017 1 2 0.00
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 74 1.6 Months 61.16%
 
DD = 0% 61.16%
 
0% < DD <= -5% 47 2.6 Months 38.84%
 
DD <= -5% 100.00%
 
-5% < DD <= -10% 0 - 0.00%
 
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
-16.47% Feb 2015 Feb 2023 97 in progress 11 108 8.35
-0.91% Feb 2014 Sep 2014 8 Jan 2015 4 12 0.63
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 2 60.5 Months 1.65%
 
DD = 0% 1.65%
 
0% < DD <= -5% 82 1.5 Months 67.77%
 
DD <= -5% 69.42%
 
-5% < DD <= -10% 10 12.1 Months 8.26%
 
DD <= -10% 77.69%
 
-10% < DD <= -15% 9 13.4 Months 7.44%
 
DD <= -15% 85.12%
 
-15% < DD <= -20% 18 6.7 Months 14.88%
 
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
-0.30% May 2020 Jun 2022 26 Oct 2022 4 30 0.12
-0.12% Jan 2009 Feb 2009 2 Apr 2009 2 4 0.06
-0.07% Nov 2016 Nov 2016 1 Dec 2016 1 2 0.04
-0.06% Jul 2011 Jul 2011 1 Dec 2012 17 18 0.02
-0.05% Oct 2015 Dec 2015 3 Jan 2016 1 4 0.03
-0.05% May 2009 May 2009 1 Jun 2009 1 2 0.03
-0.05% Feb 2023 Feb 2023 1 Mar 2023 1 2 0.03
-0.03% Jan 2013 Feb 2013 2 Sep 2013 7 9 0.02
-0.02% Jul 2010 Jul 2010 1 Aug 2010 1 2 0.01
-0.02% Jul 2015 Jul 2015 1 Sep 2015 2 3 0.01
-0.02% Jan 2011 Jan 2011 1 Mar 2011 2 3 0.01
-0.02% Jul 2014 Sep 2014 3 Oct 2014 1 4 0.01
-0.02% Oct 2013 Oct 2013 1 Feb 2014 4 5 0.01
-0.02% Nov 2014 Dec 2014 2 Feb 2015 2 4 0.01
-0.02% Mar 2010 Apr 2010 2 Jun 2010 2 4 0.01
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 102 1.9 Months 52.58%
 
DD = 0% 52.58%
 
0% < DD <= -5% 92 2.1 Months 47.42%
 
DD <= -5% 100.00%
 
-5% < DD <= -10% 0 - 0.00%
 
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
-24.48% Jan 2009 Feb 2023 170 in progress 11 181 13.27
-2.12% Feb 2008 Jul 2008 6 Nov 2008 4 10 1.14
Swipe left to see all data
Drawdown (DD)
Occurrencies (EOM)
Drawdown (DD)
Range #Num Every (Avg) Frequency Cumulative Frequency
All Time High (DD=0%) 4 48.5 Months 2.06%
 
DD = 0% 2.06%
 
0% < DD <= -5% 36 5.4 Months 18.56%
 
DD <= -5% 20.62%
 
-5% < DD <= -10% 37 5.2 Months 19.07%
 
DD <= -10% 39.69%
 
-10% < DD <= -15% 82 2.4 Months 42.27%
 
DD <= -15% 81.96%
 
-15% < DD <= -20% 10 19.4 Months 5.15%
 
DD <= -20% 87.11%
 
-20% < DD <= -25% 25 7.8 Months 12.89%
 
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%
 

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 SHORT TREASURY BOND (SHV) ETF
Annualized Rolling Returns
Annualized Rolling Returns - Inflation Adjusted
Data Source: 1 February 2014 - 31 January 2024 (10 Years)
Data Source: 1 January 2008 - 31 January 2024 (~16 years)
Inflation Adjusted:
Swipe left to see all data
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 -0.26 05/2021
04/2022
0.99$ -0.02 0.99$ 0.54 1.00$ 2.35 1.02$ 4.77 02/2023
01/2024
1.04$ 4.77 15.60%
2Y -0.14 07/2020
06/2022
0.99$ 0.14 1.00$ 0.75 1.01$ 1.93 1.03$ 3.04 02/2022
01/2024
1.06$ 3.04 7.22%
3Y 0.16 02/2014
01/2017
1.00$ 0.38 1.01$ 0.99 1.03$ 1.63 1.04$ 1.96 02/2021
01/2024
1.05$ 1.96 0.00%
5Y 0.61 02/2014
01/2019
1.03$ 0.93 1.04$ 1.13 1.05$ 1.28 1.06$ 1.76 02/2019
01/2024
1.09$ 1.76 0.00%
7Y 0.80 07/2015
06/2022
1.05$ 0.82 1.05$ 0.85 1.06$ 1.26 1.09$ 1.62 02/2017
01/2024
1.11$ 1.62 0.00%
10Y 1.18 02/2014
01/2024
1.12$ 1.18 1.12$ 1.18 1.12$ 1.18 1.12$ 1.18 02/2014
01/2024
1.12$ 1.18 0.00%
Annualized rolling and percentiles/median returns over full calendar month periods
Swipe left to see all data
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 -8.48 07/2021
06/2022
0.91$ -5.13 0.94$ -0.99 0.99$ 0.40 1.00$ 1.99 05/2019
04/2020
1.01$ 1.61 71.56%
2Y -6.80 07/2020
06/2022
0.86$ -4.85 0.90$ -1.35 0.97$ -0.23 0.99$ 1.14 06/2018
05/2020
1.02$ -1.60 88.66%
3Y -4.84 05/2020
04/2023
0.86$ -4.20 0.87$ -1.14 0.96$ -0.42 0.98$ 0.21 05/2017
04/2020
1.00$ -3.50 96.47%
5Y -2.75 07/2017
06/2022
0.86$ -2.55 0.87$ -1.37 0.93$ -0.63 0.96$ -0.35 06/2015
05/2020
0.98$ -2.31 100.00%
7Y -2.40 03/2016
02/2023
0.84$ -2.30 0.84$ -2.00 0.86$ -1.09 0.92$ -0.72 02/2014
01/2021
0.95$ -1.80 100.00%
10Y -1.56 02/2014
01/2024
0.85$ -1.56 0.85$ -1.56 0.85$ -1.56 0.85$ -1.56 02/2014
01/2024
0.85$ -1.56 100.00%
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 -0.26 05/2021
04/2022
0.99$ 0.00 1.00$ 0.17 1.00$ 2.00 1.01$ 4.77 02/2023
01/2024
1.04$ 4.77 12.64%
2Y -0.14 07/2020
06/2022
0.99$ 0.02 1.00$ 0.23 1.00$ 1.59 1.03$ 3.04 02/2022
01/2024
1.06$ 3.04 5.29%
3Y 0.00 01/2013
12/2015
1.00$ 0.04 1.00$ 0.40 1.01$ 1.43 1.04$ 1.96 02/2021
01/2024
1.05$ 1.96 0.00%
5Y 0.02 01/2011
12/2015
1.00$ 0.05 1.00$ 0.45 1.02$ 1.18 1.06$ 1.76 02/2019
01/2024
1.09$ 1.76 0.00%
7Y 0.06 01/2009
12/2015
1.00$ 0.10 1.00$ 0.59 1.04$ 0.85 1.06$ 1.62 02/2017
01/2024
1.11$ 1.62 0.00%
10Y 0.31 12/2008
11/2018
1.03$ 0.35 1.03$ 0.59 1.06$ 0.71 1.07$ 1.18 02/2014
01/2024
1.12$ 1.18 0.00%
15Y 0.62 03/2008
02/2023
1.09$ 0.64 1.09$ 0.69 1.10$ 0.76 1.11$ 0.82 02/2009
01/2024
1.12$ 0.82 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 -8.48 07/2021
06/2022
0.91$ -3.32 0.96$ -1.37 0.98$ 0.40 1.00$ 3.16 08/2008
07/2009
1.03$ 1.61 76.92%
2Y -6.80 07/2020
06/2022
0.86$ -2.75 0.94$ -1.47 0.97$ -0.13 0.99$ 1.14 06/2018
05/2020
1.02$ -1.60 89.41%
3Y -4.84 05/2020
04/2023
0.86$ -2.99 0.91$ -1.23 0.96$ -0.65 0.98$ 0.21 05/2017
04/2020
1.00$ -3.50 98.10%
5Y -2.75 07/2017
06/2022
0.86$ -2.30 0.89$ -1.23 0.93$ -0.81 0.96$ -0.35 06/2015
05/2020
0.98$ -2.31 100.00%
7Y -2.40 03/2016
02/2023
0.84$ -2.08 0.86$ -1.45 0.90$ -0.83 0.94$ -0.56 06/2013
05/2020
0.96$ -1.80 100.00%
10Y -1.97 07/2012
06/2022
0.81$ -1.85 0.82$ -1.29 0.87$ -1.11 0.89$ -1.02 06/2010
05/2020
0.90$ -1.56 100.00%
15Y -1.73 01/2009
12/2023
0.76$ -1.70 0.77$ -1.66 0.77$ -1.52 0.79$ -1.49 08/2008
07/2023
0.79$ -1.70 100.00%
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 Short Treasury Bond (SHV) ETF: Rolling Returns page.

Seasonality

In which months is it better to invest in iShares Short Treasury Bond (SHV) 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
0.16
60%
0.06
50%
0.22
60%
0.10
75%
0.12
75%
0.13
60%
0.13
100%
0.16
60%
0.11
75%
0.17
80%
0.17
60%
0.22
100%
Best 0.4
2024
0.2
2020
0.5
2023
0.3
2023
0.3
2023
0.5
2023
0.4
2023
0.5
2023
0.4
2023
0.4
2023
0.5
2023
0.5
2023
Worst -0.1
2022
0.0
2023
0.0
2022
0.0
2022
0.0
2020
-0.1
2022
0.0
2020
0.0
2021
0.0
2020
0.0
2021
0.0
2021
0.0
2020
Monthly Seasonality over the period Feb 2008 - 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
0.13
80%
0.04
78%
0.13
70%
0.06
75%
0.08
71%
0.10
78%
0.08
75%
0.11
78%
0.08
78%
0.11
80%
0.10
50%
0.14
80%
Best 0.4
2024
0.2
2020
0.5
2023
0.3
2023
0.3
2023
0.5
2023
0.4
2023
0.5
2023
0.4
2023
0.4
2023
0.5
2023
0.5
2023
Worst -0.1
2022
0.0
2023
0.0
2022
0.0
2022
0.0
2020
-0.1
2022
0.0
2015
0.0
2021
0.0
2014
0.0
2015
-0.1
2016
0.0
2015
Monthly Seasonality over the period Feb 2008 - 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
0.11
59%
0.03
67%
0.11
69%
0.05
77%
0.05
62%
0.08
73%
0.06
62%
0.08
86%
0.07
73%
0.08
63%
0.09
53%
0.10
81%
Best 0.7
2008
0.2
2020
0.5
2023
0.3
2023
0.3
2023
0.5
2023
0.4
2023
0.5
2023
0.4
2023
0.4
2023
0.5
2023
0.5
2023
Worst -0.1
2022
-0.1
2009
0.0
2022
0.0
2022
0.0
2009
-0.1
2022
-0.1
2011
0.0
2021
0.0
2014
0.0
2015
-0.1
2016
0.0
2015
Monthly Seasonality over the period Feb 2008 - Jan 2024

Monthly Returns

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

ISHARES SHORT TREASURY BOND (SHV) ETF
Monthly Returns Distribution
Data Source: 1 February 2014 - 31 January 2024 (10 Years)
Data Source: 1 January 2008 - 31 January 2024 (~16 years)
92 Positive Months (77%) - 28 Negative Months (23%)
137 Positive Months (71%) - 56 Negative Months (29%)
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