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 fund issued by iShares with $112 billion in assets under management. It holds an ETFValuer grade of C, ranking 1 of 22 within the US Bonds - Government category and 219 of 458 across all tracked ETFs. The fund’s expense ratio of 0.09% exceeds the category median of 0.07%, while its dividend yield of 3.65% trails the median of 3.95%. Top holdings comprise 72.4% of assets, with the largest position being United States of America at 10.1%.

Price action sits at 43.5% of its 52-week range, reflecting a record that spans 3.0 years. Short-term returns show acceleration, with the 1-month gain of 0.29% expanding to a 3-month return of 0.90% and a 6-month return of 1.83%. This momentum continues into the 1-year horizon, where SGOV delivered a 3.77% return compared to the category median of -1.65%. The 3-year return stands at 14.10%, and the fund’s grade has remained unchanged at C over the last 35 tracked days.

The fund exhibits Very Low volatility at 0.18% annualized and a maximum drawdown of just -0.01%. Beta is not reported, but the Sharpe ratio of -7.01 suggests a risk-adjusted return profile that does not compensate for the low yield environment. Liquidity is robust, with an average daily volume of 20,814,919 shares supporting the fund's large asset base. These metrics indicate a stable price history with minimal downside fluctuation.

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: 5.27% (as of 2026-10-06) — 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): 15.01 (as of 2026-10-06) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

SGOV Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 20.8M/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $112B 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