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FTSM vs SGOV: Differences, Returns & Fees

FTSM's duration was 0.7 years on Jul 31, 2026 and SGOV's 0.1 on May 31, 2026; SGOV charges 0.09% to FTSM's 0.29%. Net assets on Oct 20, 2026: $6.7bn for First Trust Enhanced Short Maturity ETF and $116.5bn for iShares 0-3 Month Treasury Bond ETF.

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Answers cite the figures on this page.

SGOV costs 0.20 points a year less; their one-year returns differ by 0.3 points; SGOV is 17.3 times larger.

FTSM vs SGOV: Differences, Returns & Fees
FTSMSGOV
Expense ratio0.29%0.09%
Net assets$6.7bn$116.5bn
Total return, 1 year+3.4%+3.7%
What it tracksNo index, actively managedICE 0-3 Month US Treasury Securities Index
Holdings in commonreport dates differ

Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.

+3.4%
FTSM total return, 1 year
+3.7%
SGOV total return, 1 year
0.29%
FTSM expense ratio
0.09%
SGOV expense ratio

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Client brief · page 1 of 2Report BR-C5BA223DF5

FTSM and SGOV are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. FTSM follows No index, actively managed and SGOV follows ICE 0-3 Month US Treasury Securities Index.
  2. Number of holdings. FTSM holds 740 positions and SGOV holds 23.
  3. Cost. FTSM charges 0.29% of assets a year and SGOV 0.09%, a gap of 0.20 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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On the same fields

FTSM
First Trust Enhanced Short Maturity ETF
SGOV
iShares 0-3 Month Treasury Bond ETF
Where it sits Bond ETF Bond ETF
Issuer First Trust iShares
What it is Actively managed Tracks an index of 0-3 month T-bills
Total return, 1 year +3.4% +3.7%
Its benchmark over the same days −1.9% (AGG) not measured
Gap to its benchmark +5.4 pts vs AGG not measured
Expense ratio 0.29% 0.09%
Holdings 740 23
Net assets $6.7bn $116.5bn

FTSM and SGOV on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About FTSM

FTSM is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.4% with distributions reinvested, against −1.9% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.29% a year.

About SGOV

SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.09% a year.

Questions people ask

Which returned more over the last year, FTSM or SGOV?
In the year to Oct 20, 2026, with distributions reinvested, FTSM returned +3.4% and SGOV +3.7%.
Which is cheaper, FTSM or SGOV?
SGOV is cheaper, by 0.20 percentage points a year. That is about $20 on $10,000 held for a year. Fees come from each fund's prospectus.
Other comparisons
FTSM vs GSYBILS vs FTSMFTSM vs VNLABSCQ vs FTSMSGOV vs TFLOSGOV vs TBILSGOV vs USFRSGOV vs SHV
FTSM on its own →SGOV on its own →Hold both: look the portfolio through →Rankings →FTSM dividend history →FTSM holdings →SGOV dividend history →SGOV holdings →Standards and sources →
Where these figures came from
FTSM filings on SEC EDGAR ↗FTSM prospectus with the expense ratio (SEC) ↗First Trust page for FTSM ↗SGOV filings on SEC EDGAR ↗SGOV prospectus with the expense ratio (SEC) ↗iShares page for SGOV ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

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ETFIQ, FTSM against SGOV, data as of Oct 20, 2026. https://etfiq.com/compare/any/ftsm-vs-sgov

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Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.