FTSM vs SHV: Differences, Returns & Fees
FTSM's duration was 0.7 years on Jul 31, 2026 and SHV's 0.3 on May 31, 2026; SHV charges 0.15% to FTSM's 0.29%. Net assets on Oct 20, 2026: $6.7bn for First Trust Enhanced Short Maturity ETF and $23.5bn for iShares 0-1 Year Treasury Bond ETF.
SHV costs 0.14 points a year less; their one-year returns differ by 0.2 points; SHV is 3.5 times larger.
| FTSM | SHV | |
|---|---|---|
| Expense ratio | 0.29% | 0.15% |
| Net assets | $6.7bn | $23.5bn |
| Total return, 1 year | +3.4% | +3.6% |
| What it tracks | No index, actively managed | ICE Short US Treasury Securities Index |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
FTSM and SHV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. FTSM follows No index, actively managed and SHV follows ICE Short US Treasury Securities Index.
- Number of holdings. FTSM holds 740 positions and SHV holds 67.
- Cost. FTSM charges 0.29% of assets a year and SHV 0.15%, a gap of 0.14 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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On the same fields
FTSM and SHV on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About FTSM
FTSM is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.4% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.29% a year.
About SHV
SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.15% a year.
Questions people ask
- Which returned more over the last year, FTSM or SHV?
- In the year to Oct 20, 2026, with distributions reinvested, FTSM returned +3.4% and SHV +3.6%.
- Which is cheaper, FTSM or SHV?
- SHV is cheaper, by 0.14 percentage points a year. That is about $14 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, FTSM against SHV, data as of Oct 20, 2026. https://etfiq.com/compare/any/ftsm-vs-shv
ETFIQ. (Oct 20, 2026). FTSM against SHV. Retrieved from https://etfiq.com/compare/any/ftsm-vs-shv
[FTSM against SHV (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/ftsm-vs-shv)
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