iShares 0-3 Month Treasury Bond ETF (SGOV)

How has SGOV done since 2020?#

From June 2020 to October 2026, SGOV returned about 3.0% a year. The S&P 500 returned about 17.1% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $12,072 at the end, with every dividend reinvested.

SGOV returns by month and year#

SGOV rose in 65 of its 77 months (84%). Its best month was August 2023, at 0.5%. Its worst was October 2020, at 0.0%.

How risky is SGOV compared with the S&P 500?#

Measured from October 2021 to October 2026, on the days both traded.

• Beta 0.00. When the S&P 500 moved 1% in a day, SGOV tended to move about 0.00%.
• Correlation -0.01. SGOV moved mostly on its own, apart from the S&P 500.
• Up and down months. In months the S&P 500 rose, SGOV rose 9% as much on average. In months it fell, SGOV rose on average.

Is SGOV above its 200-day average?#

SGOV closed 1.5% above its 200-day average on October 16, 2026. A rule that holds SGOV only above that average would hold it today.

What was SGOV’s worst drop?#

A drawdown is how far a fund falls from its last high point. SGOV’s worst fall was 0.0%, from August 22, 2022 to August 23, 2022. It got back to that high on August 25, 2022. On October 16, 2026 it closed at a new high.

What does SGOV hold?#

This fund lends money to the US government for up to three months at a time by owning Treasury bills. Its price usually stays steady and it pays interest each month. When short term interest rates fall, its income falls too.

It tracks the ICE 0-3 Month US Treasury Securities Index.

What is the SGOV expense ratio?#

SGOV charges 0.09% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.09% fee comes to about $9 a year. Of the 162 ETFs on Tactfolio, 52% charge more.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

Which Tactfolio strategies hold SGOV?#

No classic strategy holds SGOV yet. You can add it to your own rules in the builder and see how they would have done.

How does SGOV compare with similar ETFs?#

Funds that can stand in for SGOV:

• BIL: State Street SPDR Bloomberg 1-3 Month T-Bill ETF, 0.1353% a year
• SHV: iShares 0-1 Year Treasury Bond ETF, 0.15% a year
• TFLO: iShares Treasury Floating Rate Bond ETF, 0.15% a year
• USFR: WisdomTree Floating Rate Treasury Fund, 0.15% a year

See all 6 SGOV alternatives, compared on the same dates as SGOV.

Test SGOV in your own rules#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add SGOV, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for SGOV and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.

Fund facts come from iShares (BlackRock). We checked them on October 17, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.