Data as of Oct 28, 2026.
IEI vs SHY: Differences, Returns & Fees
On Aug 31, 2026 IEI's duration was 4.3 years and SHY's 1.8; both charge 0.15%.
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Net assets on Oct 27, 2026: $17.0bn for iShares 3-7 Year Treasury Bond ETF and $27.4bn for iShares 1-3 Year Treasury Bond ETF.
Pair scorecard
Both cost 0.15% a year; their one-year returns differ by 2.7 points; SHY is 1.6 times larger.
Points (pts) are percentage points.
| Measure | IEI | SHY |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.1% | +1.6% |
| Benchmark | ||
| What it tracks | ICE U.S. Treasury 3-7 Year Bond Index | ICE U.S. Treasury 1-3 Year Bond Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.15% |
| Net assets, as of Oct 27, 2026 | $17.0bn | $27.4bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Aug 31, 2026. Method
Risk and return
Jan 19, 2007 to Oct 23, 2026 · 1,031 weekly returnsIEI returned more: +71.7% to +44.5%. SHY swung less: 1.4% to 3.8%. SHY fell less at its worst: −5.6% to −14.1%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | IEI | SHY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +71.7% | +44.5% | IEI | Price change plus distributions, reinvested. |
| Annualized | +2.8% | +1.9% | IEI | Total return as a yearly rate. |
| Price return | +14.9% | +1.9% | IEI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 3.8% | 1.4% | SHY | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 2.6% | 0.9% | SHY | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −14.1% | −5.6% | SHY | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.31 | 0.20 | IEI | Return above Treasury bills per unit of volatility. |
| Sortino | 0.45 | 0.30 | IEI | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.20 | 0.34 | SHY | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,031 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, IEI and SHY hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
IEI and SHY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
IEI and SHY are built for the same job. How do they differ in cost, holdings and results?
- What each follows. IEI follows ICE U.S. Treasury 3-7 Year Bond Index and SHY follows ICE U.S. Treasury 1-3 Year Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 IEI returned −1.1% and SHY +1.6% with distributions reinvested, a gap of 2.7 points.
Data as of Oct 28, 2026.
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IEI
IEI tracks an index of 3-7 Year Treasury Bond. Over the year to Oct 28, 2026 it returned −1.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year.
SHY
SHY tracks an index of 1-3 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +1.6% with distributions reinvested, against +1.7% for its benchmark, the ICE U.S. Treasury 1-3 Year Bond Index.
Questions people ask
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, IEI against SHY, data as of Oct 28, 2026. https://etfiq.com/compare/any/iei-vs-shy
ETFIQ. (Oct 28, 2026). IEI against SHY. Retrieved from https://etfiq.com/compare/any/iei-vs-shy
[IEI against SHY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/iei-vs-shy)
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