iShares 1-3 Year Treasury Bond ETF (SHY) Performance
SHY total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +1.1% since Dec 31, 2025
- 1 year
- +1.7% total return
- 5 years
- +1.9% a year
- 10 years
- +1.7% a year
- Since first price
- +2.0% a year since 2002
SHY trailing returns vs AGG, TLT, SPY
| Period | SHY total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.8% | +0.5% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.6% | −0.3% | −0.4% | −1.0% | +3.2% |
| 6 months | +0.6% | −1.2% | −1.5% | −3.8% | +7.8% |
| YTD | +1.1% | −1.6% | −1.0% | −3.4% | +12.3% |
| 1 year | +1.7% | −1.9% | −1.1% | −6.9% | +14.4% |
| 3 years | +12.7%+4.1%/yr | +0.6% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +10.1%+1.9%/yr | −5.0% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +18.2%+1.7%/yr | −4.0% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +21.5%+1.3%/yr | −3.5% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| 20 years | +46.0%+1.9%/yr | +1.8% | +79.6%+3.0%/yr | +75.9%+2.9%/yr | +696.9%+10.9%/yr |
| Since inceptionJul 26, 2002 | +60.1%+2.0%/yr | +0.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: SHY vs AGG
From Sep 26, 2003: SHY grew to $15,472, AGG to $19,588.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
SHY returns by calendar year
21 of 23 full years positive. Best 2007 (+7.4%), worst 2022 (−3.9%). 2026 is year to date.
SHY annual returns table
| Year | SHY | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +1.1% | −0.9% | −1.0% | −3.4% | +12.3% |
| 2025 | +5.0% | −0.7% | +7.2% | +4.3% | +17.7% |
| 2024 | +3.9% | −1.0% | +1.3% | −8.1% | +24.9% |
| 2023 | +4.2% | −1.6% | +5.7% | +2.8% | +26.2% |
| 2022 | −3.9% | −4.9% | −13.0% | −31.2% | −18.2% |
| 2021 | −0.7% | −0.9% | −1.8% | −4.6% | +28.7% |
| 2020 | +3.0% | −0.6% | +7.5% | +18.2% | +18.3% |
| 2019 | +3.4% | −0.7% | +8.5% | +14.1% | +31.2% |
| 2018 | +1.5% | −0.4% | +0.1% | −1.6% | −4.6% |
| 2017 | +0.3% | −0.7% | +3.6% | +9.2% | +21.7% |
| 2016 | +0.8% | −1.0% | +2.4% | +1.2% | +12.0% |
| 2015 | +0.4% | −0.7% | +0.5% | −1.8% | +1.2% |
| 2014 | +0.4% | −0.6% | +6.0% | +27.3% | +13.5% |
| 2013 | +0.2% | −0.4% | −2.0% | −13.4% | +32.3% |
| 2012 | +0.3% | −0.4% | +3.8% | +2.6% | +16.0% |
| 2011 | +1.4% | −0.5% | +7.7% | +34.0% | +1.9% |
| 2010 | +2.3% | −0.7% | +6.4% | +9.0% | +15.1% |
| 2009 | +0.4% | −1.1% | +3.0% | −21.8% | +26.4% |
| 2008 | +6.6% | −2.2% | +7.9% | +33.9% | −36.8% |
| 2007 | +7.4% | −0.7% | +6.6% | +10.3% | +5.1% |
| 2006 | +3.9% | −0.4% | +3.9% | +0.7% | +15.8% |
| 2005 | +1.5% | −0.7% | +2.3% | +8.6% | +4.8% |
| 2004 | +0.7% | −1.9% | +3.8% | +8.7% | +10.7% |
| 2003 | +2.2% | −1.0% | — | +1.6% | +28.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
SHY largest drawdowns
Now 0.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 3, 2021 | −5.7% | Oct 20, 2022 | Jun 4, 2024 | 1.2 years | 2.8 years |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
SHY risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2002 |
|---|---|---|---|---|
| Annualized return | +3.9% | +1.7% | +1.6% | +1.9% |
| Volatility (annualized) | 1.6% | 2.1% | 1.6% | 1.5% |
| Sharpe ratio | -0.32 | -0.98 | -0.43 | — |
| Sortino ratio | -0.41 | -1.10 | -0.53 | — |
| Best month | +1.2% | +1.6% | +1.6% | +1.8% |
| Worst month | −0.6% | −1.4% | −1.4% | −1.4% |
| Best 12 months | +6.6% | +6.6% | +6.6% | +9.3% |
| Worst 12 months | +1.5% | −5.1% | −5.1% | −5.1% |
| Positive months | 81% | 63% | 62% | 66% |
| Beta vs S&P 500 | 0.03 | 0.05 | 0.01 | — |
| Correlation with S&P 500 | 0.24 | 0.38 | 0.10 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
SHY rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 280 | −5.1% | +1.5% | +9.3% | 88% |
| 3-year (a year) | 256 | −1.2% | +1.5% | +5.9% | 91% |
| 5-year (a year) | 232 | +0.3% | +1.3% | +4.3% | 100% |
| 10-year (a year) | 172 | +0.5% | +1.3% | +2.8% | 100% |
Every holding period starting at a month-end since 2002. Returns for 3 years and longer are annualized.
SHY performance overview
iShares 1-3 Year Treasury Bond ETF (SHY) returned +1.7% over the past year and +1.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2002 it has returned +2.0% a year, turning $10,000 into about $16,013. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −5.7%, from Aug 3, 2021 to Oct 20, 2022, and it took 1.6 years to get back to the old high. SHY finished 21 of its 23 full calendar years with a gain; the best year was 2007 (+7.4%) and the worst 2022 (−3.9%). Volatility has been 1.5% a year.
Related: SHY chart, SHY dividends, SHY bond profile. See the SHY overview for the latest quote and fund facts.
SHY performance FAQ
What is the SHY return over the past year?
SHY returned +1.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 1.9%.
What is the average annual return of SHY?
SHY has returned +1.9% a year over 5 years, +1.7% a year over 10 years, +2.0% a year since July 26, 2002 (total return, distributions reinvested).
How much would $10,000 invested in SHY be worth?
$10,000 invested in SHY at its first recorded close on July 26, 2002 would be worth about $16,013 on October 23, 2026 with distributions reinvested.
What was the worst year for SHY?
The worst calendar year was 2022, with a total return of −3.9%. The best was 2007 at +7.4%.
What is the biggest drawdown of SHY?
The largest peak-to-trough decline was −5.7% between August 3, 2021 and October 20, 2022. It recovered to the old high on June 4, 2024, 1.6 years after the bottom.
How volatile is SHY?
Over the past 3 years SHY had an annualized volatility of 1.6% and a Sharpe ratio of -0.32 (excess return over 1–3 month T-bills per unit of risk).