Data as of Oct 28, 2026.
HYG vs SGOV: Differences, Returns & Fees
On Aug 31, 2026 HYG's duration was 2.9 years and SGOV's 0.1; SGOV charges 0.09% to HYG's 0.49%.
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Net assets on Oct 27, 2026: $17.5bn for iShares iBoxx $ High Yield Corporate Bond ETF and $117.0bn for iShares 0-3 Month Treasury Bond ETF.
Pair scorecard
SGOV costs 0.40 points a year less; their one-year returns differ by 2.4 points; SGOV is 6.7 times larger.
| Measure | HYG | SGOV |
|---|---|---|
| Return | ||
| Total return, 1 year | +1.3% | +3.7% |
| Benchmark | ||
| What it tracks | Markit iBoxx USD Liquid High Yield Index | ICE 0-3 Month US Treasury Securities Index |
| Cost and size | ||
| Expense ratio | 0.49% | 0.09% |
| Net assets, as of Oct 27, 2026 | $17.5bn | $117.0bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Aug 31, 2026. Method
Risk and return
Jun 5, 2020 to Oct 23, 2026 · 333 weekly returnsHYG returned more: +28.3% to +20.8%. SGOV swung less: 0.3% to 6.8%. SGOV fell less at its worst: 0.0% to −15.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | HYG | SGOV | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +28.3% | +20.8% | HYG | Price change plus distributions, reinvested. |
| Annualized | +4.0% | +3.0% | HYG | Total return as a yearly rate. |
| Price return | −8.8% | +0.6% | SGOV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 6.8% | 0.3% | SGOV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 4.7% | 0.2% | SGOV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −15.4% | 0.0% | SGOV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.15 | −0.46 | HYG | Return above Treasury bills per unit of volatility. |
| Sortino | 0.22 | −0.57 | HYG | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.26 | Not measured | Annualized return divided by the max drawdown. | |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 333 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, HYG and SGOV hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
HYG and SGOV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
HYG and SGOV do different jobs. What does each one do in a portfolio?
- What each follows. HYG follows Markit iBoxx USD Liquid High Yield Index and SGOV follows ICE 0-3 Month US Treasury Securities Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 HYG returned +1.3% and SGOV +3.7% with distributions reinvested, a gap of 2.4 points.
Data as of Oct 28, 2026.
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HYG
HYG tracks an index of US high yield bonds. Over the year to Oct 28, 2026 it returned +1.3% with distributions reinvested, against −1.2% for its benchmark, the Bloomberg U.S. Universal Index. The prospectus expense ratio is 0.49% a year.
SGOV
SGOV tracks an index of 0-3 month T-bills. Over the year to Oct 28, 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, HYG or SGOV?
- In the year to Oct 28, 2026, with distributions reinvested, HYG returned +1.3% and SGOV +3.7%.
- Which is cheaper, HYG or SGOV?
- SGOV is cheaper, by 0.40 percentage points a year. That is about $40 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, HYG against SGOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/hyg-vs-sgov
ETFIQ. (Oct 28, 2026). HYG against SGOV. Retrieved from https://etfiq.com/compare/any/hyg-vs-sgov
[HYG against SGOV (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/hyg-vs-sgov)
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