GSY vs SHV: Differences, Returns & Fees
GSY's duration was 0.8 years on Jul 31, 2026 and SHV's 0.3 on May 31, 2026; SHV charges 0.15% to GSY's 0.22%. Net assets on Oct 20, 2026: $4.0bn for Invesco Ultra Short Duration ETF and $23.5bn for iShares 0-1 Year Treasury Bond ETF.
SHV costs 0.07 points a year less; their one-year returns differ by 0.1 points; SHV is 5.9 times larger.
| GSY | SHV | |
|---|---|---|
| Expense ratio | 0.22% | 0.15% |
| Net assets | $4.0bn | $23.5bn |
| Total return, 1 year | +3.7% | +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.
GSY and SHV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. GSY follows No index, actively managed and SHV follows ICE Short US Treasury Securities Index.
- Number of holdings. GSY holds 414 positions and SHV holds 67.
- Size. GSY has $4.0bn in net assets and SHV $23.5bn (Net assets); SHV is 5.9 times larger.
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
GSY and SHV on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About GSY
GSY is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested, against +3.7% for its benchmark, the ICE BofA US Treasury Bill Index. The prospectus expense ratio is 0.22% 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, GSY or SHV?
- In the year to Oct 20, 2026, with distributions reinvested, GSY returned +3.7% and SHV +3.6%.
- Which is cheaper, GSY or SHV?
- SHV is cheaper, by 0.07 percentage points a year. That is about $7 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, GSY against SHV, data as of Oct 20, 2026. https://etfiq.com/compare/any/gsy-vs-shv
ETFIQ. (Oct 20, 2026). GSY against SHV. Retrieved from https://etfiq.com/compare/any/gsy-vs-shv
[GSY against SHV (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/gsy-vs-shv)
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