Which returned more over the last year, JPST or SGOV?

In the year to Oct 20, 2026, with distributions reinvested, JPST returned +3.4% and SGOV +3.7%.

Which is cheaper, JPST or SGOV?

SGOV is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

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JPST vs SGOV: Differences, Returns & Fees

On May 31, 2026 JPST's duration was 0.8 years and SGOV's 0.1; SGOV charges 0.09% to JPST's 0.18%. Net assets on Oct 20, 2026: $42.8bn for JPMorgan Ultra-Short Income 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 0.09 points a year less; their one-year returns differ by 0.3 points; SGOV is 2.7 times larger.

JPST vs SGOV: Differences, Returns & Fees
	JPST	SGOV
Expense ratio	0.18%	0.09%
Net assets	$42.8bn	$116.5bn
Total return, 1 year	+3.4%	+3.7%
What it tracks	No index, actively managed	ICE 0-3 Month US Treasury Securities Index
Holdings in common	0%

Holdings in common uses holdings dated May 31, 2026.

+3.4%

JPST total return, 1 year

+3.7%

SGOV total return, 1 year

0.18%

JPST expense ratio

0.09%

SGOV expense ratio

Client brief · page 1 of 2Report BR-E8EE062B38

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

What each follows. JPST follows No index, actively managed 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 May 31, 2026).
Number of holdings. JPST holds 824 positions and SGOV holds 23.

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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What they hold in common

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

50%

half

0% in common

Positions both hold, largest shared weight first

Holding JPST SGOV

Only in JPST

U.S. Treasury Notes, due Feb 29, 2028 2.31%

U.S. Treasury Notes, due Sep 30, 2026 0.70%

Ventas Realty LP, due Jun 1, 2026 0.65%

Capital One Financial Corp., due Nov 2, 2027 0.59%

National Bank of Canada, due Apr 5, 2027 0.59%

Athene Global Funding, due Aug 27, 2026 0.58%

First Abu Dhabi Bank PJSC, due Nov 10, 2026 0.58%

Energy Transfer LP, due Jun 1, 2026 0.58%

Only in SGOV

U.S. Treasury Bills, due Jun 30, 2026 10.14%

U.S. Treasury Bills, due Jun 2, 2026 8.64%

U.S. Treasury Bills, due Jun 23, 2026 8.54%

U.S. Treasury Bills, due Jul 28, 2026 8.33%

U.S. Treasury Bills, due Jul 7, 2026 7.09%

U.S. Treasury Bills, due Jun 9, 2026 6.87%

U.S. Treasury Bills, due Jul 23, 2026 6.76%

U.S. Treasury Bills, due Jul 21, 2026 5.99%

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On the same fields

JPST

JPMorgan Ultra-Short Income ETF

SGOV

iShares 0-3 Month Treasury Bond ETF

Where it sits Bond ETF Bond ETF

Issuer JPMorgan 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 0.18% 0.09%

Holdings 824 23

Net assets $42.8bn $116.5bn

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

About JPST

JPST 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 U.S. Aggregate Index. The prospectus expense ratio is 0.18% 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, JPST or SGOV?: In the year to Oct 20, 2026, with distributions reinvested, JPST returned +3.4% and SGOV +3.7%.
Which is cheaper, JPST or SGOV?: SGOV is cheaper, by 0.09 percentage points a year. That is about $9 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

JPST vs RAVI BIL vs JPST JPST vs SHV JPST vs PULS BIL vs SGOV SGOV vs SHV SGOV vs USFR SGOV vs VBIL

JPST on its own →SGOV on its own →Hold both: look the portfolio through →Rankings →JPST dividend history →JPST holdings →SGOV dividend history →SGOV holdings →Standards and sources →

Where these figures came from

JPST filings on SEC EDGAR ↗JPST prospectus with the expense ratio (SEC) ↗JPMorgan website ↗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.

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

Open data

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