Data as of Oct 28, 2026.
SHV vs USFR: Differences, Returns & Fees
SHV's duration was 0.3 years on Aug 31, 2026 and USFR's 0.0 on May 31, 2026; both charge 0.15%.
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Net assets: $21.7bn on Oct 27, 2026 for iShares 0-1 Year Treasury Bond ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.
Pair scorecard
Both cost 0.15% a year; their one-year returns differ by 0.5 points.
Points (pts) are percentage points.
| Measure | SHV | USFR |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.6% | +4.1% |
| Benchmark | ||
| What it tracks | ICE Short US Treasury Securities Index | Bloomberg U.S. Treasury Floating Rate Bond Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.15% |
| Net assets, SHV as of Oct 27, 2026 and USFR as of May 31, 2026 | $21.7bn | $17.0bn |
| Holdings | ||
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Aug 31, 2026. Method
Risk and return
Feb 14, 2014 to Oct 23, 2026 · 662 weekly returnsUSFR returned slightly more: +29.1% to +26.6%. SHV swung less: 0.3% to 0.9%. SHV fell less at its worst: −0.4% to −1.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SHV | USFR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +26.6% | +29.1% | USFR (slight) | Price change plus distributions, reinvested. |
| Annualized | +1.9% | +2.0% | USFR (slight) | Total return as a yearly rate. |
| Price return | +0.1% | +1.1% | USFR | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.3% | 0.9% | SHV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.2% | 0.6% | SHV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −0.4% | −1.4% | SHV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.48 | 0.01 | USFR | Return above Treasury bills per unit of volatility. |
| Sortino | −0.70 | 0.01 | USFR | Return above Treasury bills per unit of downside deviation. |
| Calmar | 4.84 | 1.49 | SHV | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 662 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
SHV and USFR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SHV and USFR 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 USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index.
- Number of holdings. SHV holds 66 positions and USFR holds 4.
- One-year total return (similar). Over 1 year to Oct 28, 2026 SHV returned +3.6% and USFR +4.1% with distributions reinvested, a gap of 0.5 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.
USFR
USFR tracks an index of Floating Rate Treasury. Over the year to Oct 28, 2026 it returned +4.1% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index.
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ETFIQ, SHV against USFR, data as of Oct 28, 2026. https://etfiq.com/compare/any/shv-vs-usfr
ETFIQ. (Oct 28, 2026). SHV against USFR. Retrieved from https://etfiq.com/compare/any/shv-vs-usfr
[SHV against USFR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/shv-vs-usfr)
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