SHV’s worst drop since 2007 was 0%
iShares Short Treasury Bond ETF (SHV) fell 0% from Mar 2020 to Jun 2022. It took 2.5 years from that peak to close at a new high, in Oct 2022. Over the same years the S&P 500 fell as much as 55%.
That drop is milder than most. It ranks 201st of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2007 to now
How SHV held up in each crash
| Crash | Years | SHV | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | −0.4% | −55.2% |
| COVID crash | 2020 | −0.1% | −33.7% |
| 2022 rate shock | 2022 | −0.3% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how SHV behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
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What was SHV’s maximum drawdown?
SHV’s deepest fall since 2007 was 0.5%, from its high on March 25, 2020 to its low on June 14, 2022. The figure uses daily prices with dividends reinvested.
How long did SHV take to recover?
2.5 years. SHV first closed above its Mar 2020 high again on October 4, 2022.
Was SHV riskier than the S&P 500?
Over the same years, SHV’s worst drop was 0.5% against 55.2% for the S&P 500 (SPY), and its worst 12 months were −0.4% against −47.4%.
Compare with
Daily adjusted closes from Yahoo Finance, January 12, 2007 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.