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, trading under the ticker SGOV, operates within the US Bonds - Government category managed by issuer iShares. This fund holds a significant position with assets under management totaling $95.9 billion and a share price of $100.66. It currently carries an overall rank of #270 out of 458 tracked ETFs across all categories, receiving an ETFValuer grade of C with a score of 58.9/100. The fund charges an expense ratio of 0.09% while offering a dividend yield of 3.85%. Its substantial asset base and high yield suggest significant investor adoption relative to the 22 other ETFs tracked in its specific category. The combination of low costs and high income potential positions the fund as a notable option within the government bond sector.

Short-term returns for the fund show a gradual upward trajectory, starting with a 1-day gain of +0.01% and expanding to +0.06% over one week. This momentum accelerates over the first quarter with a 1-month return of +0.30% and a 3-month return of +0.91%. The trend continues to strengthen over the half-year period, delivering a 6-month return of +1.81% and a year-to-date gain of +2.03%. Over the longer term, the fund has generated a 1-year return of +3.87% and a 3-year return of +14.49%. The data indicates a consistent pattern of positive performance across all measured horizons from one day to three years. This steady accumulation of returns reflects the fund's exposure to short-term treasury instruments over the specified periods.

The fund is characterized by a Very Low volatility label, which aligns with its minimal maximum drawdown of -0.01%. Despite the low drawdown, the Sharpe ratio is recorded at -6.00, indicating a specific risk-adjusted return profile relative to the risk-free rate. Beta data is not available for this fund, leaving the volatility label and drawdown as the primary indicators of price stability. The combination of a negligible maximum drawdown and very low volatility suggests the fund experiences minimal price fluctuations during market movements. However, the negative Sharpe ratio implies that the returns generated have not sufficiently compensated for the risk taken over the measured period. These metrics collectively describe a fund with extreme price stability but a specific historical risk-adjusted performance outcome.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is — and average daily volume is 20.3M/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 $95.9B 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