Data as of Oct 28, 2026.
SHV vs SPSB: Differences, Returns & Fees
SHV's duration was 0.3 years on Aug 31, 2026 and SPSB's 1.8 on Jun 30, 2026; SPSB charges 0.04% to SHV's 0.15%.
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Net assets on Oct 27, 2026: $21.7bn for iShares 0-1 Year Treasury Bond ETF and $11.3bn for State Street SPDR Portfolio Short Term Corporate Bond ETF.
Pair scorecard
SPSB costs 0.11 points a year less; their one-year returns differ by 1.4 points; SHV is 1.9 times larger.
| Measure | SHV | SPSB |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.6% | +2.2% |
| Benchmark | ||
| What it tracks | ICE Short US Treasury Securities Index | Bloomberg U.S. 1-3 Year Corporate Bond Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.04% |
| Net assets, as of Oct 27, 2026 | $21.7bn | $11.3bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method
Risk and return
Dec 24, 2009 to Oct 23, 2026 · 878 weekly returnsSPSB returned more: +47.3% to +26.9%. SHV swung less: 0.3% to 3.0%. SHV fell less at its worst: −0.4% to −9.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SHV | SPSB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +26.9% | +47.3% | SPSB | Price change plus distributions, reinvested. |
| Annualized | +1.4% | +2.3% | SPSB | Total return as a yearly rate. |
| Price return | +0.1% | −1.4% | SHV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.3% | 3.0% | SHV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.2% | 2.1% | SHV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −0.4% | −9.9% | SHV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.40 | 0.27 | SPSB | Return above Treasury bills per unit of volatility. |
| Sortino | −0.63 | 0.39 | SPSB | Return above Treasury bills per unit of downside deviation. |
| Calmar | 3.67 | 0.23 | SHV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 878 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, SHV and SPSB hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
SHV and SPSB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SHV and SPSB do different jobs. What does each one do in a portfolio?
- What each follows. SHV follows ICE Short US Treasury Securities Index and SPSB follows Bloomberg U.S. 1-3 Year Corporate Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026 and Jun 30, 2026).
- Number of holdings. SHV holds 66 positions and SPSB holds 1684.
Data as of Oct 28, 2026.
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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.
SPSB
SPSB tracks an index of Short Term Corporate Bond. Over the year to Oct 28, 2026 it returned +2.2% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.04% a year.
Questions people ask
- Which returned more over the last year, SHV or SPSB?
- In the year to Oct 28, 2026, with distributions reinvested, SHV returned +3.6% and SPSB +2.2%.
- Which is cheaper, SHV or SPSB?
- SPSB 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.
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.
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ETFIQ, SHV against SPSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/shv-vs-spsb
ETFIQ. (Oct 28, 2026). SHV against SPSB. Retrieved from https://etfiq.com/compare/any/shv-vs-spsb
[SHV against SPSB (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/shv-vs-spsb)
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