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Data as of Oct 28, 2026.

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HYG vs SHV: Differences, Returns & Fees

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On Aug 31, 2026 HYG's duration was 2.9 years and SHV's 0.3; SHV charges 0.15% to HYG's 0.49%.

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Net assets on Oct 27, 2026: $17.5bn for iShares iBoxx $ High Yield Corporate Bond ETF and $21.7bn for iShares 0-1 Year Treasury Bond ETF.

HYG on its own →SHV on its own →
At a glance
+1.3%
HYG total return, 1 year
+3.6%
SHV total return, 1 year
0.49%
HYG expense ratio
0.15%
SHV expense ratio

Pair scorecard

SHV costs 0.34 points a year less; their one-year returns differ by 2.3 points; SHV is 1.2 times larger.

HYG vs SHV: Differences, Returns & Fees
MeasureHYGSHV
Return
Total return, 1 year+1.3%+3.6%
Benchmark
What it tracksMarkit iBoxx USD Liquid High Yield IndexICE Short US Treasury Securities Index
Cost and size
Expense ratio0.49%0.15%
Net assets, as of Oct 27, 2026$17.5bn$21.7bn
Holdings
Holdings in common0%

Holdings in common uses holdings dated Aug 31, 2026. Method

What they share

0%

By the books each fund has filed, HYG and SHV hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first HYG SHV
Only in one fund ↓
Only in HYG
1261229 BC Ltd, due Apr 15, 2032 0.50%
Meridian Arc Holdco LLC, due Apr 30, 2031 0.45%
EchoStar Corp, due Nov 30, 2029 0.43%
PR RNO Property Owner 1 LLC, due May 1, 2031 0.34%
Quikrete Holdings Inc, due Mar 1, 2032 0.32%
Cloud Software Group LLC, due Mar 31, 2029 0.32%
Cloud Software Group LLC, due Sep 30, 2029 0.32%
Galaxy Helios Data Centers II LLC, due Aug 1, 2031 0.30%
Only in SHV
U.S. Treasury Bills, due Jan 14, 2027 4.95%
U.S. Treasury Bills, due Oct 29, 2026 4.53%
U.S. Treasury Bills, due Oct 13, 2026 3.86%
U.S. Treasury Bills, due Dec 15, 2026 3.60%
U.S. Treasury Bills, due Oct 27, 2026 3.56%
U.S. Treasury Bills, due Dec 22, 2026 3.55%
U.S. Treasury Bills, due Oct 1, 2026 3.37%
U.S. Treasury Bills, due Nov 12, 2026 3.33%
Check overlap with more funds →

Side by side

HYG iShares iBoxx $ High Yield Corporate Bond ETF SHV iShares 0-1 Year Treasury Bond ETF
Where it sits Bond ETF Bond ETF
Issuer iShares iShares
What it is Tracks an index of US high yield bonds Tracks an index of 0-1 Year Treasury Bond
Total return, 1 year +1.3% +3.6%
Its benchmark over the same days −1.2% (IUSB) not measured
Gap to its benchmark +2.5 pts vs IUSB not measured
Expense ratio 0.49% 0.15%
Holdings 1332 66
Net assets, as of Oct 27, 2026 $17.5bn $21.7bn

HYG and SHV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

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About each fund
HYG

HYG tracks an index of US high yield bonds. Over the year to Oct 28, 2026 it returned +1.3% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.49% a year.

SHV

SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 28, 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, HYG or SHV?
In the year to Oct 28, 2026, with distributions reinvested, HYG returned +1.3% and SHV +3.6%.
Which is cheaper, HYG or SHV?
SHV is cheaper, by 0.34 percentage points a year. That is about $34 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
HYG vs VBILHYG vs VUSBHYG vs SGOVHYG vs PULSSHV vs USHYJNK vs SHVSHV vs VTIPSHV vs SHY
Where to next
HYG on its own →SHV on its own →Hold both: look the portfolio through →Rankings →HYG dividend history →HYG holdings →SHV dividend history →SHV holdings →Standards and sources →
Sources and dates
HYG and SHV filings on SEC EDGAR ↗
HYG and SHV prospectus with the expense ratio (SEC) ↗
iShares page for HYG ↗
iShares page for SHV ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, HYG against SHV, data as of Oct 28, 2026. https://etfiq.com/compare/any/hyg-vs-shv

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.