Best Treasury ETFs (2026)
Which US Treasury fund to hold, and at what duration — 22 funds ranked on cost, yield, return, risk and ETFValuer's overall grade.
Every figure on this page is recalculated from market data each day, so the ranking reflects current conditions rather than whenever this page was written. Educational content — not financial advice.
Top Picks Right Now
- largest and most liquid at $95.9B
- lowest volatility at 0.2%
- cheapest in the group at 0.03%
- scores 57.0 on the overall model (grade C)
Ranked by ETFValuer's overall score. Recalculated every day from live market data — these positions change as the underlying numbers move.
At a Glance
Each superlative is measured within this group of 22 funds, not across the whole market.
All 22 Funds Ranked
| Fund | Category | Cost | Yield | 1Y | 3Y | Volatility | Max DD | Sharpe | AUM | Score | Grade |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 SGOViShares 0-3 Month Treasury Bond ETF | US Bonds - Government | 0.09% | 3.85% | +3.9% | +14.5% | 0.2% | -0.0% | -6.00 | $95.9B | 58.9 | C |
| 2 VGITVanguard Intermediate-Term Treasury Index Fund ETF Shares | US Bonds - Government | 0.03% | 3.85% | +2.5% | +12.0% | 3.4% | -4.3% | -0.75 | $50.4B | 57.1 | C |
| 3 BILState Street SPDR Bloomberg 1-3 Month T-Bill ETF | US Bonds - Government | 0.14% | 3.85% | +3.8% | +14.2% | 0.2% | -0.0% | -6.06 | $47.1B | 57.0 | C |
| 4 GOVTiShares U.S. Treasury Bond ETF | US Bonds - Government | 0.05% | 3.57% | +2.6% | +10.3% | 3.6% | -4.9% | -0.65 | $43.7B | 56.6 | C |
| 5 VGSHVanguard Short-Term Treasury Index Fund ETF Shares | US Bonds - Government | 0.03% | 3.87% | +3.0% | +13.3% | 1.3% | -1.0% | -1.48 | $33.8B | 56.6 | C |
| 6 USFRWisdomTree Floating Rate Treasury Fund | US Bonds - Government | 0.15% | 3.84% | +4.0% | +14.2% | 0.3% | -0.4% | -3.64 | $17.8B | 55.3 | C |
| 7 IEFiShares 7-10 Year Treasury Bond ETF | US Bonds - Government | 0.15% | 1.00% | +2.6% | +9.8% | 4.7% | -6.9% | -0.51 | $47.1B | 55.1 | C |
| 8 SCHOSchwab Short-Term U.S. Treasury ETF | US Bonds - Government | 0.03% | 3.90% | +3.0% | +13.3% | 1.4% | -1.0% | -1.38 | $13.0B | 55.1 | C |
| 9 SCHRSchwab Intermediate-Term U.S. Treasury ETF | US Bonds - Government | 0.03% | 3.90% | +2.5% | +12.0% | 3.4% | -4.3% | -0.73 | $13.4B | 55.0 | C |
| 10 SHYiShares 1-3 Year Treasury Bond ETF | US Bonds - Government | 0.15% | 0.38% | +2.9% | +13.0% | 1.4% | -1.0% | -1.50 | $25.4B | 54.7 | C |
| 11 SPTIState Street SPDR Portfolio Intermediate Term Treasury ETF | US Bonds - Government | 0.03% | 3.85% | +2.5% | +12.1% | 3.4% | -4.3% | -0.73 | $10.2B | 54.7 | C |
| 12 GBILGoldman Sachs Access Treasury 0-1 Year ETF | US Bonds - Government | 0.12% | 3.73% | +3.8% | +14.2% | 0.2% | -0.8% | -5.37 | $7.7B | 54.0 | C |
| 13 TFLOiShares Treasury Floating Rate Bond ETF | US Bonds - Government | 0.15% | 3.89% | +3.9% | +14.6% | 0.3% | -0.0% | -3.69 | $6.6B | 54.0 | C |
| 14 SPTSState Street SPDR Portfolio Short Term Treasury ETF | US Bonds - Government | 0.03% | 3.90% | +3.1% | +13.5% | 1.4% | -1.0% | -1.43 | $5.9B | 54.0 | C |
| 15 IEIiShares 3-7 Year Treasury Bond ETF | US Bonds - Government | 0.15% | 3.63% | +2.3% | +12.1% | 3.0% | -3.7% | -0.90 | $18.3B | 53.8 | C |
| 16 TLHiShares 10-20 Year Treasury Bond ETF | US Bonds - Government | 0.15% | 4.44% | +2.7% | +4.9% | 7.7% | -13.2% | -0.30 | $11.3B | 52.3 | C |
| 17 VGLTVanguard Long-Term Treasury Index Fund ETF Shares | US Bonds - Government | 0.03% | 4.56% | +2.4% | +1.2% | 8.5% | -15.2% | -0.31 | $15.2B | 51.7 | C |
| 18 SPTLState Street SPDR Portfolio Long Term Treasury ETF | US Bonds - Government | 0.03% | 4.17% | +2.4% | +1.2% | 8.5% | -15.1% | -0.31 | $10.5B | 51.1 | C |
| 19 TLTiShares 20+ Year Treasury Bond ETF | US Bonds - Government | 0.15% | 2.57% | +1.9% | -2.0% | 9.3% | -16.5% | -0.33 | $41.1B | 50.5 | C |
| 20 SCHQSchwab Long-Term U.S. Treasury ETF | US Bonds - Government | 0.03% | 4.73% | +2.4% | +1.3% | 8.5% | -15.2% | -0.31 | $759M | 46.8 | D |
| 21 EDVVanguard Extended Duration Treasury Index Fund ETF Shares | US Bonds - Government | 0.05% | 4.91% | +0.6% | -11.1% | 14.1% | -23.4% | -0.31 | $4.2B | 42.2 | D |
| 22 ZROZPIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund | US Bonds - Government | 0.15% | 5.03% | -0.2% | -16.9% | 15.4% | -26.1% | -0.34 | $1.4B | 37.6 | D |
Max DD is the deepest peak-to-trough fall over the measurement window. Sharpe ratio measures return per unit of volatility — higher is better. Every figure is recalculated daily.
What Makes a Good Fund Here
Treasury funds carry effectively no credit risk — the difference between them is almost entirely duration. Short-duration funds behave like cash; long-duration funds can move as violently as equities when rates shift.
The ETFValuer score blends trailing return, risk-adjusted return, expense ratio, maximum drawdown, fund size and volatility, each percentile-ranked against the full tracked universe, into a single 0-100 figure graded A+ to F. It is a systematic summary of past data, not a forecast — read it alongside the individual columns rather than instead of them.
Head-to-Head Comparisons
Full metric-by-metric breakdowns for the closest calls in this group.
Frequently Asked Questions
What is the best Treasury ETF?
SGOV scores highest of the 22 Treasury funds tracked (58.9, C), but the right choice depends far more on the duration you want than on the ranking.
Are Treasury ETFs risk-free?
They carry no meaningful default risk, but they do carry interest-rate risk. A long-duration Treasury fund can lose 20% or more when rates rise sharply, as 2022 demonstrated.
Compare any of these funds directly
Side-by-side metrics, holdings overlap and return correlation for any pair.