Which returned more over the last year, MBB or SHV?

In the year to Oct 28, 2026, with distributions reinvested, MBB returned −0.8% and SHV +3.6%.

Which is cheaper, MBB or SHV?

MBB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

MBB vs SHV: Differences, Returns & Fees

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On Aug 31, 2026 MBB's duration was 5.7 years and SHV's 0.3; MBB charges 0.04% to SHV's 0.15%.

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Net assets: $35.5bn on Oct 28, 2026 for iShares MBS ETF, and $21.7bn on Oct 27, 2026 for iShares 0-1 Year Treasury Bond ETF.

MBB on its own →SHV on its own →

At a glance

−0.8%

MBB total return, 1 year

+3.6%

SHV total return, 1 year

0.04%

MBB expense ratio

0.15%

SHV expense ratio

Pair scorecard

MBB costs 0.11 points a year less; their one-year returns differ by 4.4 points; MBB is 1.6 times larger.

MBB vs SHV: Differences, Returns & Fees
Measure	MBB	SHV
Return
Measure	MBB	SHV
Total return, 1 year	−0.8%	+3.6%
Benchmark
Measure	MBB	SHV
What it tracks	Bloomberg U.S. MBS Index	ICE Short US Treasury Securities Index
Cost and size
Measure	MBB	SHV
Expense ratio	0.04%	0.15%
Net assets, as of Oct 26, 2026	$35.6bn	$22.2bn
Holdings
Measure	MBB	SHV
Holdings in common	0%

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

What they share

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

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first MBB SHV

Only in one fund ↓

Only in MBB

Ginnie Mae, due Sep 1, 2056 1.05%

Freddie Mac Pool, due May 1, 2051 0.98%

Uniform Mortgage-Backed Security, TBA, due Sep 1, 2056 0.85%

Uniform Mortgage-Backed Security, TBA, due Sep 1, 2056 0.70%

Ginnie Mae, due Sep 1, 2056 0.53%

Ginnie Mae II Pool, due Nov 20, 2054 0.51%

Ginnie Mae II Pool, due Oct 20, 2051 0.51%

Ginnie Mae II Pool, due Dec 20, 2051 0.50%

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

MBB iShares MBS 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 mortgage-backed securities Tracks an index of 0-1 Year Treasury Bond

Total return, 1 year −0.8% +3.6%

Its benchmark over the same days −1.1% (SPMB) not measured

Gap to its benchmark +0.3 pts vs SPMB not measured

Expense ratio 0.04% 0.15%

Holdings 10813 66

Net assets, MBB as of Oct 28, 2026 and SHV as of Oct 27, 2026 $35.5bn $21.7bn

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

Alert

About each fund

MBB

MBB tracks an index of mortgage-backed securities. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.1% for its benchmark, the Bloomberg U.S. MBS Index. The prospectus expense ratio is 0.04% 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, MBB or SHV?: In the year to Oct 28, 2026, with distributions reinvested, MBB returned −0.8% and SHV +3.6%.
Which is cheaper, MBB or SHV?: MBB is cheaper, by 0.11 percentage points a year. That is about $11 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

MBB vs SGOV MBB vs PULS MBB vs USFR MBB vs MINT SHV vs TIP PFF vs SHV SHV vs VGSH SHV vs VGIT

Where to next

MBB on its own →SHV on its own →Hold both: look the portfolio through →Rankings →MBB dividend history →MBB holdings →SHV dividend history →SHV holdings →Standards and sources →

Sources and dates

MBB and SHV filings on SEC EDGAR ↗

MBB and SHV prospectus with the expense ratio (SEC) ↗

iShares page for MBB ↗

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

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