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

In the year to Oct 28, 2026, with distributions reinvested, SHY returned +1.6% and VLUE +54.7%.

Which is cheaper, SHY or VLUE?

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

Data as of Oct 28, 2026.

Across categories

SHY vs VLUE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, SHY returned +1.6% to VLUE's +54.7%; 0% of their weight is in the same names.

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Net assets: $27.4bn on Oct 27, 2026 for iShares 1-3 Year Treasury Bond ETF, and $9.4bn on Oct 28, 2026 for iShares MSCI USA Value Factor ETF.

SHY on its own →VLUE on its own →

At a glance

+1.6%

SHY total return, 1 year

+54.7%

VLUE total return, 1 year

0.15%

SHY expense ratio

0.15%

VLUE expense ratio

Pair scorecard

Both cost 0.15% a year; their one-year returns differ by 53.1 points; SHY is 2.9 times larger.

Points (pts) are percentage points.

SHY vs VLUE: Differences, Returns & Fees
Measure	SHY	VLUE
Return
Measure	SHY	VLUE
Total return, 1 year	+1.6%	+54.7%
Benchmark
Measure	SHY	VLUE
What it tracks	ICE U.S. Treasury 1-3 Year Bond Index	MSCI USA Enhanced Value Index
Cost and size
Measure	SHY	VLUE
Expense ratio	0.15%	0.15%
Net assets, as of Oct 27, 2026	$27.4bn	$9.3bn
Holdings
Measure	SHY	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

SHY VLUE

Return

Total return edge VLUE +20.8% +429.0%

Annualized edge VLUE +1.4% +13.1%

Price return edge VLUE −3.6% +280.4%

Risk

Volatility edge SHY 1.3% 18.3%

Max drawdown edge SHY −5.6% −37.5%

Downside capture 99.8% 98.4%

Beta 0.98 1.00

Risk-adjusted

Sharpe edge VLUE −0.36 0.66

Sortino edge VLUE −0.52 0.95

Treynor −0.012 0.121

Calmar edge VLUE 0.25 0.35

Against the benchmark

Alpha −0.1% a year −0.2% a year

Alpha t-stat −0.96 −0.07

Information ratio −0.43 −0.01

Tracking error 0.2% 8.4%

Each against its own benchmark: SHY against BBSB, Apr 28, 2023 to Oct 23, 2026; VLUE against MLRG, Apr 26, 2013 to Oct 23, 2026.

Reading

VLUE returned more: +429.0% to +20.8%. SHY swung less: 1.3% to 18.3%. SHY fell less at its worst: −5.6% to −37.5%.

Full scorecard

19 measures, with how each is measured Open ↓

Risk and return: SHY vs VLUE: Differences, Returns & Fees
Measure	SHY	VLUE	Edge	How it is measured
Return
Total return	+20.8%	+429.0%	VLUE	Price change plus distributions, reinvested.
Annualized	+1.4%	+13.1%	VLUE	Total return as a yearly rate.
Price return	−3.6%	+280.4%	VLUE	Price change alone, distributions left out.
Risk
Volatility	1.3%	18.3%	SHY	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.9%	12.7%	SHY	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−5.6%	−37.5%	SHY	Deepest fall from a high to the low after it.
Upside capture	97.9%	96.2%		Share of its benchmark's rise caught in the weeks it rose.
Downside capture	99.8%	98.4%		Share of its benchmark's fall taken in the weeks it fell. Lower is better.
Beta	0.98	1.00	Not an edge	How far it moves for each 1% its benchmark moves.
R squared	0.98	0.79	Not an edge	Share of its weekly moves its benchmark explains.
Risk-adjusted
Sharpe	−0.36	0.66	VLUE	Return above Treasury bills per unit of volatility.
Sortino	−0.52	0.95	VLUE	Return above Treasury bills per unit of downside deviation.
Treynor	−0.012	0.121		Return above Treasury bills per unit of beta.
Calmar	0.25	0.35	VLUE	Annualized return divided by the max drawdown.
Against the benchmark
Benchmark	BBSB	MLRG		The ETF each fund is measured against.
Alpha	−0.1% a year	−0.2% a year	Not significant	Yearly return beyond what its beta to the benchmark predicts.
Alpha t-stat	−0.96	−0.07	Not an edge	How sure the alpha is. Below 2, it could be chance.
Alpha range	−0.4% to +0.1%	−4.7% to +4.4%	Includes zero	The 95% range for the yearly alpha.
Information ratio	−0.43	−0.01		Return against its benchmark per unit of tracking error.
Tracking error	0.2%	8.4%	Not an edge	How far weekly returns stray from the benchmark, annualized.

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, SHY 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 SHY VLUE

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 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

SHY iShares 1-3 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 1-3 Year Treasury Bond Tracks the MSCI USA Value Factor

Total return, 1 year +1.6% +54.7%

Its benchmark over the same days +1.7% (BBSB) +13.6% (MLRG)

Gap to its benchmark −0.1 pts vs BBSB +41.1 pts vs MLRG

Expense ratio 0.15% 0.15%

Holdings 90 148

Net assets, SHY as of Oct 27, 2026 and VLUE as of Oct 28, 2026 $27.4bn $9.4bn

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

Client brief · page 1 of 2 Report BR-002D2B5D53

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

What each follows. SHY follows ICE U.S. Treasury 1-3 Year Bond 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 SHY returned +1.6% and VLUE +54.7% with distributions reinvested, a gap of 53.1 points.

Data as of Oct 28, 2026.

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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.

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, SHY or VLUE?: In the year to Oct 28, 2026, with distributions reinvested, SHY returned +1.6% and VLUE +54.7%.
Which is cheaper, SHY or VLUE?: Neither: SHY and VLUE both charge 0.15% a year. Fees come from each fund's prospectus.

Other comparisons

SHY vs SPYD HDV vs SHY AVLV vs SHY SHY vs SPHD VGSH vs VLUE IEI vs VLUE BNDX vs VLUE AGG vs VLUE

Where to next

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

Sources and dates

SHY and VLUE filings on SEC EDGAR ↗

SHY prospectus with the expense ratio (SEC) ↗

iShares page for SHY ↗

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

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