Data as of Oct 28, 2026.

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IEF vs SGOV: Differences, Returns & Fees

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On Aug 31, 2026 IEF's duration was 7.0 years and SGOV's 0.1; SGOV charges 0.09% to IEF's 0.15%.

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Net assets on Oct 27, 2026: $43.5bn for iShares 7-10 Year Treasury Bond ETF and $117.0bn for iShares 0-3 Month Treasury Bond ETF.

At a glance
−3.2%
IEF total return, 1 year
+3.7%
SGOV total return, 1 year
0.15%
IEF expense ratio
0.09%
SGOV expense ratio

Pair scorecard

SGOV costs 0.06 points a year less; their one-year returns differ by 6.9 points; SGOV is 2.7 times larger.

IEF vs SGOV: Differences, Returns & Fees
MeasureIEFSGOV
Return
Total return, 1 year−3.2%+3.7%
Drawdown
Below its high13.1%, high on Aug 4, 2020
Benchmark
What it tracksICE U.S. Treasury 7-10 Year Bond IndexICE 0-3 Month US Treasury Securities Index
Cost and size
Expense ratio0.15%0.09%
Net assets, as of Oct 27, 2026$43.5bn$117.0bn
Holdings
Holdings in common0%

Holdings in common uses holdings dated Aug 31, 2026. Method

Risk and return

Jun 5, 2020 to Oct 23, 2026 · 333 weekly returns
IEF SGOV
Return
Total return edge SGOV −10.4% +20.8%
Annualized edge SGOV −1.7% +3.0%
Price return edge SGOV −24.0% +0.6%
Risk
Volatility edge SGOV 6.8% 0.3%
Max drawdown edge SGOV −23.3% 0.0%
Risk-adjusted
Sharpe edge SGOV −0.68 −0.46
Sortino edge SGOV −0.91 −0.57
Calmar −0.07 Not measured
Reading

SGOV returned more: +20.8% to −10.4%. SGOV swung less: 0.3% to 6.8%. SGOV fell less at its worst: 0.0% to −23.3%.

Full scorecard

9 measures, with how each is measured
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Risk and return: IEF vs SGOV: Differences, Returns & Fees
MeasureIEFSGOVEdgeHow it is measured
Return
Total return−10.4%+20.8%SGOVPrice change plus distributions, reinvested.
Annualized−1.7%+3.0%SGOVTotal return as a yearly rate.
Price return−24.0%+0.6%SGOVPrice change alone, distributions left out.
Risk
Volatility6.8%0.3%SGOVSpread of weekly returns, annualized. Lower is steadier.
Downside deviation5.0%0.2%SGOVLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−23.3%0.0%SGOVDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe−0.68−0.46SGOVReturn above Treasury bills per unit of volatility.
Sortino−0.91−0.57SGOVReturn above Treasury bills per unit of downside deviation.
Calmar−0.07Not measuredAnnualized 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

0%

By the books each fund has filed, IEF and SGOV hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IEF SGOV
Only in one fund ↓
Only in IEF
U.S. Treasury Notes, due Feb 15, 2036 9.31%
U.S. Treasury Notes, due Feb 15, 2035 8.74%
U.S. Treasury Notes, due Nov 15, 2034 8.63%
U.S. Treasury Notes, due Nov 15, 2035 8.52%
U.S. Treasury Notes, due May 15, 2034 8.31%
U.S. Treasury Notes, due Aug 15, 2035 8.25%
U.S. Treasury Notes, due May 15, 2035 8.21%
U.S. Treasury Notes, due Feb 15, 2034 8.12%
Only in SGOV
U.S. Treasury Bills, due Oct 20, 2026 10.18%
U.S. Treasury Bills, due Sep 22, 2026 8.59%
U.S. Treasury Bills, due Oct 13, 2026 8.51%
U.S. Treasury Bills, due Sep 29, 2026 6.82%
U.S. Treasury Bills, due Oct 27, 2026 6.76%
U.S. Treasury Bills, due Sep 1, 2026 6.63%
U.S. Treasury Bills, due Sep 15, 2026 6.04%
U.S. Treasury Bills, due Oct 29, 2026 5.18%
Check overlap with more funds →

Side by side

IEF iShares 7-10 Year Treasury Bond ETF SGOV iShares 0-3 Month Treasury Bond ETF
Where it sits Bond ETF Bond ETF
What it is Tracks an index of 7-10 Year Treasury Bond Tracks an index of 0-3 month T-bills
Total return, 1 year −3.2% +3.7%
Expense ratio 0.15% 0.09%
Holdings 17 22
Net assets, as of Oct 27, 2026 $43.5bn $117.0bn

IEF and SGOV on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-FBF6CE0D2C

IEF and SGOV do different jobs. What does each one do in a portfolio?

  1. What each follows. IEF follows ICE U.S. Treasury 7-10 Year Bond Index and SGOV follows ICE 0-3 Month US Treasury Securities Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 IEF returned −3.2% and SGOV +3.7% with distributions reinvested, a gap of 6.9 points.

Data as of Oct 28, 2026.

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About each fund
IEF

IEF tracks an index of 7-10 Year Treasury Bond. Over the year to Oct 28, 2026 it returned −3.2% with distributions reinvested. The prospectus expense ratio is 0.15% a year. It sat 13.1% below its high of Aug 4, 2020 on Oct 28, 2026.

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, IEF or SGOV?
In the year to Oct 28, 2026, with distributions reinvested, IEF returned −3.2% and SGOV +3.7%.
Which is cheaper, IEF or SGOV?
SGOV is cheaper, by 0.06 percentage points a year. That is about $6 on $10,000 held for a year. Fees come from each fund's prospectus.
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ETFIQ, IEF against SGOV, data as of Oct 28, 2026. https://etfiq.com/compare/any/ief-vs-sgov

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