SHVvsTBLLETF Comparison
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iShares 0–1 Year Treasury Bond ETF (SHV) and Invesco Treasury Collateral ETF (TBLL) belong to the same industry segment: Money Market Bonds. SHV's top 2 sector exposures are Sovereign and Non-Corporate. In contrast, TBLL's top sector exposures are Sovereign. SHV is more expensive with a Total Expense Ratio (TER) of 0.15%, versus 0.08% for TBLL. SHV is up 2.4% year-to-date (YTD) with +$1.16B in YTD flows. TBLL performs worse with 2.39% YTD performance, and +$339M in YTD flows. Run a side-by-side ETF comparison of SHV and TBLL below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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SHV vs TBLL performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SHV TBLL | +0.28%+0.28% | +0.89%+0.89% | +2.40%+2.39% | +3.64%+3.64% | +14.11%+14.13% | +18.88%+19.05% |
| Flows | SHV TBLL | +$422M-$247M | +$396M+$22M | +$1.16B+$339M | +$344M+$397M | +$719M+$1.18B | +$6.81B+$1.91B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SHV TBLL | +0.17%+0.16% | +0.14%+0.13% | +0.19%+0.18% | +0.24%+0.24% |
| Max drawdown | SHV TBLL | n/an/a | n/an/a | n/an/a | -0.39%-0.24% |
| Max drawdown duration | SHV TBLL | n/an/a | n/an/a | n/an/a | 373d303d |
Trading data
SHV | TBLL | |
Last sale 9/11/2026 at 1:30 PM | $105.72 | |
| Previous close 09/10/2026 | $105.71 | |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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SHV | TBLL | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
SHV | TBLL | |
|---|---|---|
| Last price | – | $105.72 |
| 1D performance | – | +0.01% |
| AuM | $21.11 B | $2.59 B |
| E/R | 0.15% | 0.08% |
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Exposure
Countries
SHV
USA
102.95%
Other
-2.95%
TBLL
USA
100%
Other
0%
Sectors
SHV
Sovereign
102.46%
Other
-2.46%
TBLL
Sovereign
100%
Other
0%
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Diversification
SHV
Total weight of top 15 holdings out of 15
53.37%
TBLL
Total weight of top 15 holdings out of 15
31.21%
Top 15 holdings
Data as of July 31, 2026
SHV
USA, Bills 0% 25aug2026, USD (119D)
4.98%
USA, Bills 0% 14jan2027, USD (182D)
4.94%
USA, Bills 0% 29oct2026, USD (364D)
4.52%
USA, Bills 0% 13oct2026, USD (119D)
3.85%
USA, Bills 0% 18aug2026, USD (119D)
3.56%
USA, Bills 0% 27oct2026, USD (119D)
3.55%
USA, Bills 0% 1oct2026, USD (364D)
3.36%
USA, Bills 0% 12nov2026, USD (182D)
3.32%
USA, Bills 0% 7jan2027, USD (182D)
3.28%
USA, Bills 0% 31dec2026, USD (182D)
3.21%
USA, Bills 0% 8sep2026, USD (119D)
3.13%
USA, Bills 0% 24sep2026, USD (182D)
3.03%
USA, Bills 0% 24dec2026, USD (363D)
2.96%
USA, Bills 0% 15sep2026, USD (119D)
2.90%
USA, Bills 0% 11aug2026, USD (119D)
2.79%
TBLL
USA, Bills 0% 20aug2026, USD (182D)
4.10%
USA, Bills 0% 27aug2026, USD (182D)
2.61%
USA, Bills 0% 3sep2026, USD (364D)
2.38%
USA, Bills 0% 29oct2026, USD (364D)
2.29%
USA, Bills 0% 17sep2026, USD (182D)
1.97%
USA, Notes 1.5% 15aug2026, USD (E-2026)
1.90%
USA, Bills 0% 10sep2026, USD (182D)
1.81%
USA, Notes 0.75% 31aug2026, USD (AC-2026)
1.78%
USA, Bills 0% 11aug2026, USD (119D)
1.78%
USA, Bills 0% 18aug2026, USD (119D)
1.78%
USA, Bills 0% 27nov2026, USD (364D)
1.77%
USA, Bills 0% 8oct2026, USD (182D)
1.77%
USA, Bills 0% 15oct2026, USD (182D)
1.77%
USA, Bills 0% 22oct2026, USD (182D)
1.77%
USA, Bills 0% 15sep2026, USD (119D)
1.74%
Frequently asked questions about SHV and TBLL
How have the SHV and TBLL ETFs performed in 2026?
As of September 10, 2026, SHV is up 2.4% year-to-date (YTD), while TBLL has returned 2.39%. That puts SHV better performer ahead so far this year.
Which ETF is attracting more investor money: SHV or TBLL?
Year-to-date, the SHV ETF saw +$1.16B in flows, compared to +$339M for TBLL.
Which ETF is more volatile: SHV or TBLL?
Over the past year, SHV had a volatility of 0.14%, while TBLL experienced 0.13%.
Which ETF is bigger: SHV or TBLL?
As of September 10, 2026, SHV holds $21.11 B in assets under management (AUM), while TBLL manages $2.59 B.
What sectors do the SHV and TBLL ETFs invest in?
SHV leans toward sectors like Sovereign. Meanwhile, TBLL focuses on Sovereign.
What are the top holdings of the SHV ETF and TBLL ETF?
SHV top holdings include USA, Bills 0% 25aug2026, USD (119D), USA, Bills 0% 14jan2027, USD (182D) and USA, Bills 0% 29oct2026, USD (364D). TBLL holds in its top three: USA, Bills 0% 20aug2026, USD (182D), USA, Bills 0% 27aug2026, USD (182D) and USA, Bills 0% 3sep2026, USD (364D).
Which ETF is more diversified: SHV or TBLL?
SHV holds 66 securities with 53.37% of its assets in the top 15. TBLL has 87 securities and a top 15 weight of 31.21%.
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