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

In the year to Oct 28, 2026, with distributions reinvested, SHV returned +3.6% and VUSB +3.5%.

Which is cheaper, SHV or VUSB?

VUSB is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Across categories

SHV vs VUSB: Differences, Returns & Fees

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SHV's duration was 0.3 years on Aug 31, 2026 and VUSB's 1.0 on Jun 30, 2026; VUSB charges 0.10% 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 $9.9bn on Sep 30, 2026 for Vanguard Ultra-Short Bond ETF.

SHV on its own →VUSB on its own →

At a glance

+3.6%

SHV total return, 1 year

+3.5%

VUSB total return, 1 year

0.15%

SHV expense ratio

0.10%

VUSB expense ratio

Pair scorecard

VUSB costs 0.05 points a year less; their one-year returns differ by 0.1 points; SHV is 2.3 times larger.

SHV vs VUSB: Differences, Returns & Fees
Measure	SHV	VUSB
Return
Measure	SHV	VUSB
Total return, 1 year	+3.6%	+3.5%
Benchmark
Measure	SHV	VUSB
What it tracks	ICE Short US Treasury Securities Index	No index, actively managed
Cost and size
Measure	SHV	VUSB
Expense ratio	0.15%	0.10%
Net assets, as of Sep 30, 2026	$22.8bn	$9.9bn
Holdings
Measure	SHV	VUSB
Holdings in common	report dates differ

Holdings in common uses holdings dated Jun 30, 2026 and Aug 31, 2026. Method

Risk and return

Apr 16, 2021 to Oct 23, 2026 · 288 weekly returns

SHV VUSB

Return

Total return edge VUSB (slight) +19.4% +20.0%

Annualized edge VUSB (slight) +3.2% +3.3%

Price return edge SHV −0.2% −1.0%

Risk

Volatility edge SHV 0.3% 0.8%

Max drawdown edge SHV −0.4% −1.7%

Risk-adjusted

Sharpe edge VUSB −1.13 −0.33

Sortino edge VUSB −1.31 −0.45

Calmar edge SHV 8.92 1.96

Reading

VUSB returned slightly more: +20.0% to +19.4%. SHV swung less: 0.3% to 0.8%. SHV fell less at its worst: −0.4% to −1.7%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: SHV vs VUSB: Differences, Returns & Fees
Measure	SHV	VUSB	Edge	How it is measured
Return
Total return	+19.4%	+20.0%	VUSB (slight)	Price change plus distributions, reinvested.
Annualized	+3.2%	+3.3%	VUSB (slight)	Total return as a yearly rate.
Price return	−0.2%	−1.0%	SHV	Price change alone, distributions left out.
Risk
Volatility	0.3%	0.8%	SHV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.3%	0.6%	SHV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−0.4%	−1.7%	SHV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−1.13	−0.33	VUSB	Return above Treasury bills per unit of volatility.
Sortino	−1.31	−0.45	VUSB	Return above Treasury bills per unit of downside deviation.
Calmar	8.92	1.96	SHV	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 288 weekly returns. Cash rate: the 13-week Treasury bill.

Side by side

SHV iShares 0-1 Year Treasury Bond ETF VUSB Vanguard Ultra-Short Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares Vanguard

What it is Tracks an index of 0-1 Year Treasury Bond Actively managed

Total return, 1 year +3.6% +3.5%

Its benchmark over the same days not measured −1.4% (AGG)

Gap to its benchmark not measured +4.9 pts vs AGG

Expense ratio 0.15% 0.10%

Holdings 66 1344

Net assets, SHV as of Oct 27, 2026 and VUSB as of Sep 30, 2026 $21.7bn $9.9bn

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

Client brief · page 1 of 2 Report BR-3D5742B442

SHV and VUSB 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 VUSB follows No index, actively managed.
Number of holdings. SHV holds 66 positions and VUSB holds 1344.
One-year total return (similar). Over 1 year to Oct 28, 2026 SHV returned +3.6% and VUSB +3.5% with distributions reinvested, a gap of 0.1 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.

VUSB

VUSB is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +3.5% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Bond Index. The prospectus expense ratio is 0.10% a year.

Questions people ask

Which returned more over the last year, SHV or VUSB?: In the year to Oct 28, 2026, with distributions reinvested, SHV returned +3.6% and VUSB +3.5%.
Which is cheaper, SHV or VUSB?: VUSB is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

ICSH vs SHV FLOT vs SHV GBIL vs SHV SHV vs VBIL CLIP vs VUSB FLDR vs VUSB DUSB vs VUSB USFR vs VUSB

Where to next

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

Sources and dates

SHV filings on SEC EDGAR ↗

SHV prospectus with the expense ratio (SEC) ↗

iShares page for SHV ↗

VUSB filings on SEC EDGAR ↗

VUSB prospectus with the expense ratio (SEC) ↗

Vanguard page for VUSB ↗

Links are sources, not endorsements. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, SHV against VUSB, data as of Oct 28, 2026. https://etfiq.com/compare/any/shv-vs-vusb

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