GBIL vs SHV: Yield, Cost and Returns Compared
As of Nov 5, 2026, SHV yields more: 3.63% (current yield) against 3.59% for GBIL. GBIL is cheaper to own at 0.12% a year vs 0.15%. Over the same 10 years (Sep 2016 to Oct 2026), GBIL returned 2.4% a year with distributions reinvested, and SHV 2.3%.
SHViShares 0–1 Year Treasury Bond ETF3.63%current yield| Compared | GBIL | SHV |
|---|---|---|
| YieldCurrent yield | 3.59% | 3.63% |
| Expense ratio | 0.12% | 0.15% |
| Total return, 1 yr | +3.6% | +3.6% |
| Total return, 3 yr (a year) | +4.4% | +4.4% |
| Total return, 5 yr (a year) | +3.6% | +3.6% |
| Total return, 10 yr (a year) | +2.4% | +2.4% |
| Worst drop since Sep 2016 | -0.4% | -0.3% |
| Share price since Sep 2016 | +0% | +0% |
| Pays | Monthly | Monthly |
| Issuer | Goldman Sachs | iShares |
| Assets | $7.9B | $21.4B |
| Started | 2016 | 2007 |
| Type | Treasury ETF | Treasury ETF |
Higher yield
SHV
3.63%
Lower cost
GBIL
0.12%
Better total return
GBIL
2.4%/yr
Smaller worst drop
SHV
-0.3%
Key facts: GBIL vs SHV
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, GBIL yields 3.59% (current yield) and SHV yields 3.63% (current yield).
- GBIL's expense ratio is 0.12% and SHV's is 0.15%: $12 vs $15 a year on $10,000.
- From Sep 2016 to Oct 2026, $10,000 in GBIL grew to $12,640 (2.4% a year) and $10,000 in SHV to $12,631 (2.3% a year), distributions reinvested.
- Their worst month-end drops over that time: -0.4% for GBIL and -0.3% for SHV.
Cite this page
SmarterDividends, "GBIL vs SHV: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/gbil-vs-shv
$10,000 in each, Sep 2016 to Oct 2026
Distributions reinvested, month-end values.
GBIL became
$12,640
2.4% a year
SHV became
$12,631
2.3% a year
Year by year
| Year | GBIL | SHV |
|---|---|---|
| 2025 | +4.1% | +4.2% |
| 2024 | +5.2% | +5.1% |
| 2023 | +4.9% | +5.0% |
| 2022 | +1.1% | +0.9% |
| 2021 | −0.1% | −0.1% |
| 2020 | +0.8% | +0.8% |
| 2019 | +2.3% | +2.4% |
| 2018 | +1.8% | +1.7% |
| 2017 | +0.7% | +0.7% |
Total return each calendar year, distributions reinvested.
What each holds and how it's taxed
- GBIL · Treasury ETF
- Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies).
- SHV · Treasury ETF
- Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies).
General information, not tax advice. Every cash fund by yield →
GBIL vs SHV: questions
Is GBIL or SHV better?
It depends on the job. SHV pays more today (3.63% vs 3.59%), GBIL costs less, and GBIL has the better total return over Sep 2016 to Oct 2026, with SHV holding up better in its worst stretch. For cash you may need soon, yield after tax and how easily you can get the money out matter more than past returns.
Which pays a higher dividend, GBIL or SHV?
SHV, at 3.63% against 3.59% for GBIL as of Nov 5, 2026. On $10,000 that's about $363 vs $359 a year at today's rates.
Which has the better total return?
GBIL. From Sep 2016 to Oct 2026, it returned 2.4% a year with distributions reinvested, against 2.3% for SHV. $10,000 became $12,640 vs $12,631.
Which is cheaper, GBIL or SHV?
GBIL, with a 0.12% expense ratio against 0.15%.
How are GBIL and SHV taxed?
GBIL: Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies). SHV: Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies). General information, not tax advice.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. SHV leads on 4 of 7 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.