Which returned more over the last year, SHY or USMV?

In the year to Oct 28, 2026, with distributions reinvested, SHY returned +1.6% and USMV +10.8%.

Which is cheaper, SHY or USMV?

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

Data as of Oct 28, 2026.

Across categories

SHY vs USMV: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SHY returned +1.6% to USMV's +10.8%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $27.4bn for iShares 1-3 Year Treasury Bond ETF and $24.1bn for iShares MSCI USA Min Vol Factor ETF.

SHY on its own →USMV on its own →

At a glance

+1.6%

SHY total return, 1 year

+10.8%

USMV total return, 1 year

0.15%

SHY expense ratio

0.15%

USMV expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 9.2 points; SHY is 1.1 times larger.

Points (pts) are percentage points.

SHY vs USMV: Differences, Returns & Fees
Measure	SHY	USMV
Return
Measure	SHY	USMV
Total return, 1 year	+1.6%	+10.8%
Benchmark
Measure	SHY	USMV
What it tracks	ICE U.S. Treasury 1-3 Year Bond Index	MSCI USA Minimum Volatility (USD) Index
Cost and size
Measure	SHY	USMV
Expense ratio	0.15%	0.15%
Net assets, as of Oct 27, 2026	$27.4bn	$24.1bn
Holdings
Measure	SHY	USMV
Holdings in common	0%
In the S&P 500, by weight		93%
Top ten holdings, share of the fund		14.8%

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

What they share

By the books each fund has filed, SHY and USMV 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 SHY USMV

Only in one fund ↓

Only in SHY

TREASURY NOTE 2.11%

TREASURY NOTE 1.99%

TREASURY NOTE 1.83%

TREASURY NOTE 1.73%

TREASURY NOTE 1.62%

TREASURY NOTE 1.54%

TREASURY NOTE 1.51%

TREASURY NOTE 1.49%

Only in USMV

MICROSOFT 1.61%

EXXONMOBIL HOLDINGS CORP 1.54%

BERKSHIRE HATHAWAY INC CLASS B 1.50%

CHUBB 1.50%

MOTOROLA SOLUTIONS INC 1.48%

AMPHENOL CORP CLASS A 1.47%

NVIDIA 1.47%

JOHNSON & JOHNSON 1.44%

Check overlap with more funds →

Side by side

SHY iShares 1-3 Year Treasury Bond ETF USMV iShares MSCI USA Min Vol Factor ETF

Where it sits Bond ETF Stock ETF

Issuer iShares iShares

What it is Tracks an index of 1-3 Year Treasury Bond Tracks the MSCI USA Min Vol Factor

Total return, 1 year +1.6% +10.8%

Its benchmark over the same days +1.7% (BBSB) not measured

Gap to its benchmark −0.1 pts vs BBSB not measured

Expense ratio 0.15% 0.15%

Holdings 90 176

Net assets, as of Oct 27, 2026 $27.4bn $24.1bn

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

Alert

About each fund

SHY

SHY tracks an index of 1-3 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +1.6% with distributions reinvested, against +1.7% for its benchmark, the ICE U.S. Treasury 1-3 Year Bond Index. The prospectus expense ratio is 0.15% a year.

USMV

USMV tracks the MSCI USA Min Vol Factor. Over the year to Oct 28, 2026 it returned +10.8% with distributions reinvested. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 176 positions, with the top ten at 14.8%.

Questions people ask

Which returned more over the last year, SHY or USMV?: In the year to Oct 28, 2026, with distributions reinvested, SHY returned +1.6% and USMV +10.8%.
Which is cheaper, SHY or USMV?: Neither: SHY and USMV both charge 0.15% a year. Fees come from each fund's prospectus.

Other comparisons

CGGR vs SHY SHY vs SPMO DFUS vs SHY SHY vs SPHQ USMV vs VGSH IEI vs USMV BNDX vs USMV AGG vs USMV

Where to next

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

Sources and dates

SHY and USMV filings on SEC EDGAR ↗

SHY prospectus with the expense ratio (SEC) ↗

iShares page for SHY ↗

USMV prospectus with the expense ratio (SEC) ↗

iShares page for USMV ↗

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.

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ETFIQ, SHY against USMV, data as of Oct 28, 2026. https://etfiq.com/compare/any/shy-vs-usmv

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