SGOV — iShares 0-3 Month Treasury Bond ETF

SGOV Price Performance — Growth of $10,000

Value of a $10,000 investment in SGOV over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

SGOV Drawdown

The "underwater" chart: SGOV's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The iShares 0-3 Month Treasury Bond ETF (SGOV) is a government bond ETF, issued by iShares. It holds a position at #258 among 458 tracked ETFs, indicating a modest ranking. The ETFValuer grade of C (score 58.7/100) suggests room for improvement. With an expense ratio of 0.09%, it is cost-effective, and a dividend yield of 3.79% provides a steady income stream. Despite its price of $100.63 and an AUM of $99.9B, the fund's ranking and grade suggest that it may not be the most popular choice among investors, possibly due to its modest performance and cost-effectiveness.

The iShares 0-3 Month Treasury Bond ETF (SGOV) has shown a consistent performance pattern over various time horizons. Over the past year, the fund has delivered a return of 3.85%, which is relatively stable. However, over the past three years, the return has significantly increased to 14.38%, indicating a strong long-term performance. The returns have been positive across all time frames, with the most notable growth in the 3-month and 6-month periods. This suggests a steady upward trend, with a notable acceleration in the longer-term returns.

The iShares 0-3 Month Treasury Bond ETF (SGOV) is labeled as having very low volatility, which implies that it is less susceptible to market fluctuations. The absence of a beta value suggests that the fund's performance is closely tied to the benchmark, likely the 0-3 month Treasury rate. The Sharpe ratio of -6.29 is quite low, indicating that the fund's returns have not been sufficient to compensate for the risk taken. The max drawdown of -0.01% is extremely low, suggesting that the fund has not experienced significant losses during any period. Overall, these figures imply that the fund is suitable for investors seeking a low-risk, stable investment with minimal exposure to market volatility.

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

SGOV Top Holdings

Holdings as of 2026-05-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 72.4% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how SGOV's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With SGOV

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with SGOV's top 10 — JPST overlaps most, holding 1 of the same companies as SGOV's top 10 (72.4% of SGOV's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.69% (as of 2026-08-20) — 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): 16.01 (as of 2026-08-20) — 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 2026-07-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

See it in a portfolio

SGOV isn't one of the twelve funds in the portfolio game, but BIL — Cash — sits in the same category and is. It is an equivalent, not a substitute: different holdings, different fee, different returns.

Free, no sign-up, virtual money only.

SGOV Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 20.5M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $99.9B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: SGOV is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

SGOV Performance History

How SGOV Compares to Other US Bonds - Government ETFs