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

In the year to Oct 20, 2026, with distributions reinvested, SHV returned +3.6% and TBLL +3.6%.

Which is cheaper, SHV or TBLL?

TBLL 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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SHV vs TBLL: Differences, Returns & Fees

On May 31, 2026 SHV's duration was 0.3 years and TBLL's 0.3; TBLL charges 0.08% to SHV's 0.15%. Net assets on Oct 20, 2026: $23.5bn for iShares 0-1 Year Treasury Bond ETF and $2.6bn for Invesco Short Term Treasury ETF.

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Answers cite the figures on this page.

TBLL costs 0.07 points a year less; both returned +3.6% over a year; SHV is 8.9 times larger.

SHV vs TBLL: Differences, Returns & Fees
	SHV	TBLL
Expense ratio	0.15%	0.08%
Net assets	$23.5bn	$2.6bn
Total return, 1 year	+3.6%	+3.6%
What it tracks	ICE Short US Treasury Securities Index	ICE U.S. Treasury Short Bond Index
Holdings in common	49%

Holdings in common uses holdings dated May 31, 2026.

+3.6%

SHV total return, 1 year

+3.6%

TBLL total return, 1 year

0.15%

SHV expense ratio

0.08%

TBLL expense ratio

Client brief · page 1 of 2Report BR-4DD062F098

SHV and TBLL are built for the same job. How do they differ in cost, holdings and results?

What each follows. SHV follows ICE Short US Treasury Securities Index and TBLL follows ICE U.S. Treasury Short Bond Index.
Holdings in common. 49% of the weight is in the same securities (holdings dated May 31, 2026).
Size. SHV has $23.5bn in net assets and TBLL $2.6bn (Net assets); SHV is 9.0 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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What they hold in common

By the books each fund has filed, SHV and TBLL hold 49% of their money in the same securities at the same weight. Holdings dated May 31, 2026.

50%

half

49% in common

Positions both hold, largest shared weight first

Holding SHV TBLL

U.S. Treasury Bills, due Jul 9, 2026 3.23% 2.57%

U.S. Treasury Bills, due Jul 16, 2026 3.16% 2.30%

U.S. Treasury Bills, due Oct 29, 2026 4.49% 2.15%

U.S. Treasury Bills, due Sep 3, 2026 1.90% 2.23%

U.S. Treasury Bills, due Jul 21, 2026 2.14% 1.67%

U.S. Treasury Bills, due Jul 28, 2026 4.42% 1.67%

U.S. Treasury Bills, due Aug 11, 2026 2.77% 1.67%

U.S. Treasury Bills, due Aug 18, 2026 3.54% 1.67%

U.S. Treasury Bills, due Aug 25, 2026 4.95% 1.67%

U.S. Treasury Bills, due Aug 6, 2026 1.64% 2.13%

U.S. Treasury Bills, due Jun 30, 2026 1.87% 1.47%

U.S. Treasury Bills, due Oct 1, 2026 2.64% 1.44%

Only in SHV

U.S. Treasury Bills, due Sep 29, 2026 3.34%

U.S. Treasury Bills, due Nov 12, 2026 3.30%

U.S. Treasury Bills, due Sep 8, 2026 3.12%

U.S. Treasury Bills, due Sep 1, 2026 2.27%

U.S. Treasury Bills, due Nov 19, 2026 2.13%

U.S. Treasury Notes, due May 15, 2027 0.97%

U.S. Treasury Notes, due May 15, 2027 0.95%

U.S. Treasury Bills, due Sep 15, 2026 0.74%

Only in TBLL

U.S. Treasury Notes/Bonds, due Sep 30, 2026 1.87%

U.S. Treasury Notes, due Aug 15, 2026 1.77%

U.S. Treasury Notes/Bonds, due Oct 15, 2026 1.59%

U.S. Treasury Notes, due Jun 15, 2026 1.26%

U.S. Treasury Notes/Bonds, due Aug 31, 2026 1.16%

U.S. Treasury Notes/Bonds, due Dec 31, 2026 1.14%

U.S. Treasury Notes/Bonds, due Feb 15, 2027 1.14%

U.S. Treasury Notes/Bonds, due Oct 31, 2026 1.04%

Check overlap with more funds →

On the same fields

SHV

iShares 0-1 Year Treasury Bond ETF

TBLL

Invesco Short Term Treasury ETF

Where it sits Bond ETF Bond ETF

Issuer iShares Invesco

What it is Tracks an index of 0-1 Year Treasury Bond Tracks an index

Total return, 1 year +3.6% +3.6%

Its benchmark over the same days not measured +3.6% (TRSY)

Gap to its benchmark not measured 0.0 pts vs TRSY

Expense ratio 0.15% 0.08%

Holdings 67 93

Net assets $23.5bn $2.6bn

SHV and TBLL on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

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.

About TBLL

TBLL tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against +3.6% for its benchmark, the ICE U.S. Treasury Short Bond Index. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, SHV or TBLL?: In the year to Oct 20, 2026, with distributions reinvested, SHV returned +3.6% and TBLL +3.6%.
Which is cheaper, SHV or TBLL?: TBLL 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.

Other comparisons

IBDR vs SHV IBTH vs SHV CLIP vs SHV FLDR vs SHV FLTR vs TBLL TBLL vs VNLA FLRN vs TBLL BSCQ vs TBLL

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

Where these figures came from

SHV filings on SEC EDGAR ↗SHV prospectus with the expense ratio (SEC) ↗iShares page for SHV ↗TBLL filings on SEC EDGAR ↗TBLL prospectus with the expense ratio (SEC) ↗Invesco page for TBLL ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. 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, SHV against TBLL, data as of Oct 20, 2026. https://etfiq.com/compare/any/shv-vs-tbll

Open data

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