Data as of Oct 28, 2026.
SHV vs TIP: Differences, Returns & Fees
SHV's duration was 0.3 years on Aug 31, 2026 and TIP's 6.3 on Jul 31, 2026; SHV charges 0.15% to TIP's 0.18%.
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Net assets on Oct 27, 2026: $21.7bn for iShares 0-1 Year Treasury Bond ETF and $14.6bn for iShares TIPS Bond ETF.
Pair scorecard
SHV costs 0.03 points a year less; their one-year returns differ by 4.6 points; SHV is 1.5 times larger.
| Measure | SHV | TIP |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.6% | −1.0% |
| Benchmark | ||
| What it tracks | ICE Short US Treasury Securities Index | ICE U.S. Treasury Inflation Linked Bond Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.18% |
| Net assets, as of Oct 27, 2026 | $21.7bn | $14.6bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jul 31, 2026 and Aug 31, 2026. Method
Risk and return
Jan 19, 2007 to Oct 23, 2026 · 1,031 weekly returnsTIP returned more: +93.1% to +37.2%. SHV swung less: 0.3% to 6.1%. SHV fell less at its worst: −0.4% to −14.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SHV | TIP | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +37.2% | +93.1% | TIP | Price change plus distributions, reinvested. |
| Annualized | +1.6% | +3.4% | TIP | Total return as a yearly rate. |
| Price return | +1.4% | +7.9% | TIP | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.3% | 6.1% | SHV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.2% | 4.4% | SHV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −0.4% | −14.2% | SHV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.01 | 0.31 | TIP | Return above Treasury bills per unit of volatility. |
| Sortino | −0.01 | 0.43 | TIP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 4.15 | 0.24 | SHV | 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, SHV and TIP hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
SHV and TIP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SHV and TIP do different jobs. What does each one do in a portfolio?
- What each follows. SHV follows ICE Short US Treasury Securities Index and TIP follows ICE U.S. Treasury Inflation Linked Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026 and Jul 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SHV returned +3.6% and TIP −1.0% with distributions reinvested, a gap of 4.6 points.
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.
TIP
TIP tracks an index of TIPS Bond. Over the year to Oct 28, 2026 it returned −1.0% with distributions reinvested, against −0.8% for its benchmark, the ICE U.S. Treasury Inflation Linked Bond Index. The prospectus expense ratio is 0.18% a year.
Questions people ask
- Which returned more over the last year, SHV or TIP?
- In the year to Oct 28, 2026, with distributions reinvested, SHV returned +3.6% and TIP −1.0%.
- Which is cheaper, SHV or TIP?
- SHV is cheaper, by 0.03 percentage points a year. That is about $3 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.
Cite this pageCitation, APA and Markdown
ETFIQ, SHV against TIP, data as of Oct 28, 2026. https://etfiq.com/compare/any/shv-vs-tip
ETFIQ. (Oct 28, 2026). SHV against TIP. Retrieved from https://etfiq.com/compare/any/shv-vs-tip
[SHV against TIP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/shv-vs-tip)
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