SHV vs VNLA: Differences, Returns & Fees
SHV's duration was 0.3 years on May 31, 2026 and VNLA's 0.8 on Jul 31, 2026; SHV charges 0.15% to VNLA's 0.23%. Net assets: $23.5bn on Oct 20, 2026 for iShares 0-1 Year Treasury Bond ETF, and $3.3bn on Jul 31, 2026 for Janus Henderson Short Duration Income ETF.
SHV costs 0.08 points a year less; both returned +3.6% over a year; SHV is 6.2 times larger.
| SHV | VNLA | |
|---|---|---|
| Expense ratio | 0.15% | 0.23% |
| Net assets, as of Jul 31, 2026 | $20.7bn | $3.3bn |
| Total return, 1 year | +3.6% | +3.6% |
| What it tracks | ICE Short US Treasury Securities Index | No index, actively managed |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
SHV and VNLA 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 VNLA follows No index, actively managed.
- Number of holdings. SHV holds 67 positions and VNLA holds 336.
- Size. SHV has $20.7bn in net assets and VNLA $3.3bn (net assets, as of Jul 31, 2026); SHV is 6.3 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.
Take this comparison to a client
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.
On the same fields
SHV and VNLA 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 VNLA
VNLA is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.23% a year.
Questions people ask
- Which returned more over the last year, SHV or VNLA?
- In the year to Oct 20, 2026, with distributions reinvested, SHV returned +3.6% and VNLA +3.6%.
- Which is cheaper, SHV or VNLA?
- SHV is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
Cite this pageCitation, APA and Markdown
ETFIQ, SHV against VNLA, data as of Oct 20, 2026. https://etfiq.com/compare/any/shv-vs-vnla
ETFIQ. (Oct 20, 2026). SHV against VNLA. Retrieved from https://etfiq.com/compare/any/shv-vs-vnla
[SHV against VNLA (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/shv-vs-vnla)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.