# SGOV ETF: fees, returns, drawdowns and holdings

> What SGOV holds, its 0.09% yearly fee, returns by year, its worst drop, and which Tactfolio strategies hold it. Updated daily.

iShares 0-3 Month Treasury Bond ETF (SGOV) is an exchange-traded fund (ETF) run by iShares (BlackRock). This fund lends money to the US government for up to three months at a time by owning Treasury bills. It charges 0.09% a year. From June 2020 to October 2026 it returned about 3.0% a year, and its worst drop was 0.0%.

Written by [the Tactfolio research team](https://tactfolio.com/about/editorial-policy). Fund facts checked October 17, 2026. Prices through October 16, 2026.

## Key points

- Expense ratio: 0.09% a year (about $9 on $10,000).
- Started trading on May 26, 2020.
- Worst drop since 2020: 0.0%.
- No Tactfolio classic strategies hold it.

## 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.

| Fact | SGOV |
| --- | --- |
| Full name | iShares 0-3 Month Treasury Bond ETF |
| Issuer | iShares (BlackRock) |
| Expense ratio | 0.09% a year |
| Started trading | May 26, 2020 |
| Tracks | ICE 0-3 Month US Treasury Securities Index |
| Type | Cash and T-bills, ETF |
| Facts checked | October 17, 2026 on the [iShares (BlackRock) fund page](https://www.ishares.com/us/products/314116/ishares-0-3-month-treasury-bond-etf) |

## 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.

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

## How has SGOV done since 2020?

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

| Measure | SGOV |
| --- | --- |
| Total return | 20.7% |
| Return per year (CAGR) | 3.0% |
| Worst drop from a high | 0.0% |
| Volatility (how much it swings) | 0.2% |
| Last 12 months | 3.8% |
| Last 3 years, per year | 4.5% |
| Last 5 years, per year | 3.8% |

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

## SGOV returns by year

| Year | SGOV return |
| --- | --- |
| 2026 (part of the year) | 2.9% |
| 2025 | 4.2% |
| 2024 | 5.3% |
| 2023 | 5.1% |
| 2022 | 1.6% |
| 2021 | 0.0% |
| 2020 (part of the year) | 0.1% |

## 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.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

## Which Tactfolio strategies hold SGOV?

No classic strategy holds SGOV yet. You can add it to your own rules in the [builder](https://tactfolio.com/builder) and see how they would have done.

## How does SGOV compare with similar ETFs?

Funds that can stand in for SGOV:

- [BIL](https://tactfolio.com/etf/bil.md): State Street SPDR Bloomberg 1-3 Month T-Bill ETF, 0.1353% a year
- [SHV](https://tactfolio.com/etf/shv.md): iShares 0-1 Year Treasury Bond ETF, 0.15% a year
- [TFLO](https://tactfolio.com/etf/tflo.md): iShares Treasury Floating Rate Bond ETF, 0.15% a year
- [USFR](https://tactfolio.com/etf/usfr.md): WisdomTree Floating Rate Treasury Fund, 0.15% a year

See [all 6 SGOV alternatives](https://tactfolio.com/alternatives/sgov.md), 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](https://tactfolio.com/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. 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.

Fund facts come from iShares (BlackRock). We checked them on October 17, 2026. Read [what a backtest simulates](https://tactfolio.com/docs/backtests.md) and [how to read drawdown and CAGR](https://tactfolio.com/docs/concepts/reading-a-backtest.md) for more on these measures.

## Research and test it

- [Tactical asset allocation](https://tactfolio.com/learn/tactical-asset-allocation): What tactical asset allocation is, how it differs from strategic allocation, and what Faber's model did in 2008 and after, with dated backtest figures.
- [Trend following](https://tactfolio.com/learn/trend-following): What trend following is, the research back to 1880, five classic ETF trend rules with dated backtests, and the whipsaws and flat years that come with it.
- [ETF screener](https://tactfolio.com/screener.md): A free ETF screener for 162 US-listed funds. Filter by type, issuer and fee, sort by returns or worst drop, and compare funds side by side.
- [ETF expense ratio](https://tactfolio.com/learn/etf-expense-ratio): What an ETF expense ratio is, how the fund charges it, and how 0.03% vs 1% adds up over 10 and 30 years, with real fund examples.
- [Backtest a portfolio](https://tactfolio.com/trading-tools/backtest-portfolio): Backtest a portfolio of US stocks and ETFs. Enter tickers and shares, pick when to rebalance, and get the results with a link to share.
- [Backtesting](https://tactfolio.com/backtesting): Free backtesting software for stocks, ETFs, and crypto perps.

## Common questions

### What is the expense ratio of SGOV?

SGOV charges 0.09% a year, according to iShares (BlackRock) as of October 17, 2026. That is about $9 a year for every $10,000 you hold.

### When did SGOV start trading?

SGOV started trading on May 26, 2020. It is run by iShares (BlackRock).

### What does SGOV track?

SGOV tracks the ICE 0-3 Month US Treasury Securities Index. This fund lends money to the US government for up to three months at a time by owning Treasury bills.

### How much has SGOV returned per year?

From June 2020 to October 2026, SGOV returned about 3.0% a year with dividends reinvested. Its worst drop was 0.0%. Past returns do not tell you what it will do next.

### Which strategies use SGOV?

None of Tactfolio's classic strategies hold SGOV yet. You can test it in your own rules in the builder.

## Sources

- [iShares (BlackRock): iShares 0-3 Month Treasury Bond ETF fund page](https://www.ishares.com/us/products/314116/ishares-0-3-month-treasury-bond-etf)

> Not financial advice. Tactfolio is a research and automation tool. It is not a broker or a financial adviser. This page is for education only. Backtests are hypothetical. They show how rules would have done on past prices, not how they will do. All investing involves risk, including losing the money you put in.