Data as of Oct 28, 2026.
SHV vs VBIL: Differences, Returns & Fees
SHV's duration was 0.3 years on Aug 31, 2026 and VBIL's 0.1 on Jun 30, 2026; VBIL charges 0.06% to SHV's 0.15%.
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Net assets: $21.7bn on Oct 27, 2026 for iShares 0-1 Year Treasury Bond ETF, and $12.8bn on Sep 30, 2026 for Vanguard 0-3 Month Treasury Bill ETF.
Pair scorecard
VBIL costs 0.09 points a year less; their one-year returns differ by 0.1 points; SHV is 1.8 times larger.
| Measure | SHV | VBIL |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.6% | +3.7% |
| Benchmark | ||
| What it tracks | ICE Short US Treasury Securities Index | Bloomberg U.S. Treasury Bills 0-3 Months Index |
| Cost and size | ||
| Expense ratio | 0.15% | 0.06% |
| Net assets, as of Sep 30, 2026 | $22.8bn | $12.8bn |
| Holdings | ||
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method
Risk and return
Feb 21, 2025 to Oct 23, 2026 · 87 weekly returnsVBIL returned slightly more: +6.7% to +6.6%. SHV swung less: 0.1% to 0.1%. SHV fell less at its worst: 0.0% to 0.0%.
Full scorecard
8 measures, with how each is measured Open ↓
| Measure | SHV | VBIL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +6.6% | +6.7% | VBIL (slight) | Price change plus distributions, reinvested. |
| Annualized | +3.9% | +3.9% | VBIL (slight) | Total return as a yearly rate. |
| Price return | 0.0% | +0.8% | VBIL | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.1% | 0.1% | SHV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.1% | 0.1% | SHV (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | 0.0% | 0.0% | SHV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −1.50 | −0.64 | VBIL | Return above Treasury bills per unit of volatility. |
| Sortino | −1.82 | −0.90 | VBIL | Return above Treasury bills per unit of downside deviation. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 87 weekly returns. Cash rate: the 13-week Treasury bill.
Side by side
SHV and VBIL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SHV and VBIL 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 VBIL follows Bloomberg U.S. Treasury Bills 0-3 Months Index.
- One-year total return (similar). Over 1 year to Oct 28, 2026 SHV returned +3.6% and VBIL +3.7% with distributions reinvested, a gap of 0.1 points.
- Number of holdings (similar). SHV holds 66 positions and VBIL holds 28.
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.
VBIL
VBIL tracks an index of 0-3 Month Treasury Bill. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.06% a year.
Questions people ask
- Which returned more over the last year, SHV or VBIL?
- In the year to Oct 28, 2026, with distributions reinvested, SHV returned +3.6% and VBIL +3.7%.
- Which is cheaper, SHV or VBIL?
- VBIL is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, SHV against VBIL, data as of Oct 28, 2026. https://etfiq.com/compare/any/shv-vs-vbil
ETFIQ. (Oct 28, 2026). SHV against VBIL. Retrieved from https://etfiq.com/compare/any/shv-vs-vbil
[SHV against VBIL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/shv-vs-vbil)
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