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

In the year to Oct 28, 2026, with distributions reinvested, SHV returned +3.6% and VLUE +54.7%.

Which is cheaper, SHV or VLUE?

Neither: SHV and VLUE both charge 0.15% a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

SHV vs VLUE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SHV returned +3.6% to VLUE's +54.7%; 0% of their weight is in the same names.

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Net assets: $21.7bn on Oct 27, 2026 for iShares 0-1 Year Treasury Bond ETF, and $9.4bn on Oct 28, 2026 for iShares MSCI USA Value Factor ETF.

SHV on its own →VLUE on its own →

At a glance

+3.6%

SHV total return, 1 year

+54.7%

VLUE total return, 1 year

0.15%

SHV expense ratio

0.15%

VLUE expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 51.1 points; SHV is 2.3 times larger.

Points (pts) are percentage points.

SHV vs VLUE: Differences, Returns & Fees
Measure	SHV	VLUE
Return
Measure	SHV	VLUE
Total return, 1 year	+3.6%	+54.7%
Benchmark
Measure	SHV	VLUE
What it tracks	ICE Short US Treasury Securities Index	MSCI USA Enhanced Value Index
Cost and size
Measure	SHV	VLUE
Expense ratio	0.15%	0.15%
Net assets, as of Oct 27, 2026	$21.7bn	$9.3bn
Holdings
Measure	SHV	VLUE
Holdings in common	0%
In the S&P 500, by weight		97%
Top ten holdings, share of the fund		42.8%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Apr 26, 2013 to Oct 23, 2026 · 704 weekly returns

SHV VLUE

Return

Total return edge VLUE +26.6% +429.0%

Annualized edge VLUE +1.8% +13.1%

Price return edge VLUE +0.1% +280.4%

Risk

Volatility edge SHV 0.3% 18.3%

Max drawdown edge SHV −0.4% −37.5%

Risk-adjusted

Sharpe edge VLUE −0.46 0.66

Sortino edge VLUE −0.69 0.95

Calmar edge SHV 4.55 0.35

Reading

VLUE returned more: +429.0% to +26.6%. SHV swung less: 0.3% to 18.3%. SHV fell less at its worst: −0.4% to −37.5%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: SHV vs VLUE: Differences, Returns & Fees
Measure	SHV	VLUE	Edge	How it is measured
Return
Total return	+26.6%	+429.0%	VLUE	Price change plus distributions, reinvested.
Annualized	+1.8%	+13.1%	VLUE	Total return as a yearly rate.
Price return	+0.1%	+280.4%	VLUE	Price change alone, distributions left out.
Risk
Volatility	0.3%	18.3%	SHV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.2%	12.7%	SHV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−0.4%	−37.5%	SHV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.46	0.66	VLUE	Return above Treasury bills per unit of volatility.
Sortino	−0.69	0.95	VLUE	Return above Treasury bills per unit of downside deviation.
Calmar	4.55	0.35	SHV	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 704 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, SHV and VLUE hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first SHV VLUE

Only in one fund ↓

Only in SHV

TREASURY BILL 4.98%

TREASURY BILL 4.17%

TREASURY BILL 3.90%

TREASURY BILL 3.72%

TREASURY BILL 3.58%

TREASURY BILL 3.48%

TREASURY BILL 3.35%

TREASURY BILL 3.31%

Only in VLUE

MICRON TECHNOLOGY 20.94%

CISCO SYSTEMS INC 4.37%

GENERAL MOTORS 3.54%

VERIZON COMMUNICATIONS INC 2.72%

AT&T 2.24%

HEWLETT PACKARD ENTERPRISE 1.95%

PFIZER 1.86%

BANK OF AMERICA 1.77%

Check overlap with more funds →

Side by side

SHV iShares 0-1 Year Treasury Bond ETF VLUE iShares MSCI USA Value Factor ETF

Where it sits Bond ETF Stock ETF

Issuer iShares iShares

What it is Tracks an index of 0-1 Year Treasury Bond Tracks the MSCI USA Value Factor

Total return, 1 year +3.6% +54.7%

Its benchmark over the same days not measured +13.6% (MLRG)

Gap to its benchmark not measured +41.1 pts vs MLRG

Expense ratio 0.15% 0.15%

Holdings 66 148

Net assets, SHV as of Oct 27, 2026 and VLUE as of Oct 28, 2026 $21.7bn $9.4bn

SHV and VLUE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-B788992659

SHV and VLUE do different jobs. What does each one do in a portfolio?

What each follows. SHV follows ICE Short US Treasury Securities Index and VLUE follows MSCI USA Enhanced Value Index.
Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
One-year total return. Over 1 year to Oct 28, 2026 SHV returned +3.6% and VLUE +54.7% with distributions reinvested, a gap of 51.1 points.

Data as of Oct 28, 2026.

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About each fund

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.

VLUE

VLUE tracks the MSCI USA Value Factor. Over the year to Oct 28, 2026 it returned +54.7% with distributions reinvested, against +13.6% for its benchmark, the MSCI USA Index. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 148 positions, with the top ten at 42.8%.

Questions people ask

Which returned more over the last year, SHV or VLUE?: In the year to Oct 28, 2026, with distributions reinvested, SHV returned +3.6% and VLUE +54.7%.
Which is cheaper, SHV or VLUE?: Neither: SHV and VLUE both charge 0.15% a year. Fees come from each fund's prospectus.

Other comparisons

SHV vs SPYD HDV vs SHV AVLV vs SHV SHV vs SPHD VBIL vs VLUE VLUE vs VUSB BIL vs VLUE PULS vs VLUE

Where to next

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

Sources and dates

SHV and VLUE filings on SEC EDGAR ↗

SHV prospectus with the expense ratio (SEC) ↗

iShares page for SHV ↗

VLUE prospectus with the expense ratio (SEC) ↗

iShares page for VLUE ↗

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 VLUE, data as of Oct 28, 2026. https://etfiq.com/compare/any/shv-vs-vlue

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