GSY vs SGOV: Differences, Returns & Fees
GSY's duration was 0.8 years on Jul 31, 2026 and SGOV's 0.1 on May 31, 2026; SGOV charges 0.09% to GSY's 0.22%. Net assets on Oct 20, 2026: $4.0bn for Invesco Ultra Short Duration ETF and $116.5bn for iShares 0-3 Month Treasury Bond ETF.
SGOV costs 0.13 points a year less; both returned +3.7% over a year; SGOV is far larger, $116.5bn against $4.0bn.
| GSY | SGOV | |
|---|---|---|
| Expense ratio | 0.22% | 0.09% |
| Net assets | $4.0bn | $116.5bn |
| Total return, 1 year | +3.7% | +3.7% |
| What it tracks | No index, actively managed | ICE 0-3 Month US Treasury Securities Index |
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Jul 31, 2026.
GSY and SGOV are built for the same job. How do they differ in cost, holdings and results?
- What each follows. GSY follows No index, actively managed and SGOV follows ICE 0-3 Month US Treasury Securities Index.
- Number of holdings. GSY holds 414 positions and SGOV holds 23.
- Cost. GSY charges 0.22% of assets a year and SGOV 0.09%, a gap of 0.13 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
GSY and SGOV on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About GSY
GSY is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +3.7% with distributions reinvested, against +3.7% for its benchmark, the ICE BofA US Treasury Bill Index. The prospectus expense ratio is 0.22% 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, GSY or SGOV?
- In the year to Oct 20, 2026, with distributions reinvested, GSY returned +3.7% and SGOV +3.7%.
- Which is cheaper, GSY or SGOV?
- SGOV is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, GSY against SGOV, data as of Oct 20, 2026. https://etfiq.com/compare/any/gsy-vs-sgov
ETFIQ. (Oct 20, 2026). GSY against SGOV. Retrieved from https://etfiq.com/compare/any/gsy-vs-sgov
[GSY against SGOV (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/gsy-vs-sgov)
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