SGOV — iShares 0-3 Month Treasury Bond ETF

Overview

The iShares 0-3 Month Treasury Bond ETF, trading under the ticker SGOV, operates within the US Bonds - Government category managed by issuer iShares. This fund holds a position as the seventh largest asset in its specific category of six tracked ETFs, with total assets under management reaching $95.9 billion. Despite its substantial size, the fund carries an overall rank of #78 out of 120 tracked ETFs across all categories, resulting in an ETFValuer grade of C with a score of 57.8 out of 100. Investors can access the fund at a price of $100.47 while paying an expense ratio of 0.09%. The fund currently offers a dividend yield of 3.85%, providing income relative to its cost structure. The combination of high assets under management and a mid-tier overall rank suggests significant investor adoption despite the moderate performance grading.

Short-term returns for SGOV show a gradual upward trajectory, starting with a 1-day gain of +0.01% and expanding to a 1-week return of +0.10%. This momentum continues into the monthly horizon with a 1-month return of +0.31%, followed by a 3-month return of +0.61%. The trend accelerates further over the half-year period, delivering a 6-month return of +1.52% and a year-to-date return of +1.53%. Over the longer term, the fund has generated a 1-year return of +3.60% and a 3-year return of +14.24%. The data indicates a consistent pattern of positive returns across all measured timeframes, with the annualized growth over three years significantly outpacing the shorter-term gains.

The fund is classified with a Very Low volatility label, which aligns with its minimal price fluctuation history. A maximum drawdown of -0.27% indicates that the fund has experienced very limited downside erosion during market stress periods. However, the Sharpe ratio of -4.12 suggests that the risk-adjusted returns have been negative relative to the risk-free rate over the measured period. Beta data is not available for this fund, leaving the correlation to broader market movements undefined in this report. The combination of extremely low drawdown and volatility with a negative Sharpe ratio implies a strategy that prioritizes capital preservation and stability over generating excess risk-adjusted returns.

AI-generated summary based on the data on this page.

SGOV Top Holdings

Holdings as of 2025-08-31 per the fund's most recent SEC N-PORT-P filing.

Market Backdrop

10-Year Treasury Yield: 4.55% (as of 2026-07-07) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 16.13 (as of 2026-07-07) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SGOV Performance History

How SGOV Compares to Other US Bonds - Government ETFs