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

In the year to Oct 28, 2026, with distributions reinvested, SGOV returned +3.7% and SHV +3.6%.

Which is cheaper, SGOV or SHV?

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.

Data as of Oct 28, 2026.

Across categories

SGOV vs SHV: Differences, Returns & Fees

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On Aug 31, 2026 SGOV's duration was 0.1 years and SHV's 0.3; SGOV charges 0.09% to SHV's 0.15%.

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Net assets on Oct 27, 2026: $117.0bn for iShares 0-3 Month Treasury Bond ETF and $21.7bn for iShares 0-1 Year Treasury Bond ETF.

SGOV on its own →SHV on its own →

At a glance

+3.7%

SGOV total return, 1 year

+3.6%

SHV total return, 1 year

0.09%

SGOV expense ratio

0.15%

SHV expense ratio

Pair scorecard

SGOV costs 0.06 points a year less; their one-year returns differ by 0.1 points; SGOV is 5.4 times larger.

SGOV vs SHV: Differences, Returns & Fees
Measure	SGOV	SHV
Return
Measure	SGOV	SHV
Total return, 1 year	+3.7%	+3.6%
Benchmark
Measure	SGOV	SHV
What it tracks	ICE 0-3 Month US Treasury Securities Index	ICE Short US Treasury Securities Index
Cost and size
Measure	SGOV	SHV
Expense ratio	0.09%	0.15%
Net assets, as of Oct 27, 2026	$117.0bn	$21.7bn
Holdings
Measure	SGOV	SHV
Holdings in common	43%

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

Risk and return

Jun 5, 2020 to Oct 23, 2026 · 333 weekly returns

SGOV SHV

Return

Total return edge SGOV (slight) +20.8% +19.4%

Annualized edge SGOV (slight) +3.0% +2.8%

Price return edge SGOV +0.6% −0.3%

Risk

Volatility edge SGOV (slight) 0.3% 0.3%

Max drawdown edge SGOV 0.0% −0.4%

Risk-adjusted

Sharpe edge SGOV −0.46 −0.96

Sortino edge SGOV −0.57 −1.17

Calmar Not measured 7.45

Reading

SGOV returned slightly more: +20.8% to +19.4%. SGOV swung slightly less: 0.3% to 0.3%. SGOV fell less at its worst: 0.0% to −0.4%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: SGOV vs SHV: Differences, Returns & Fees
Measure	SGOV	SHV	Edge	How it is measured
Return
Total return	+20.8%	+19.4%	SGOV (slight)	Price change plus distributions, reinvested.
Annualized	+3.0%	+2.8%	SGOV (slight)	Total return as a yearly rate.
Price return	+0.6%	−0.3%	SGOV	Price change alone, distributions left out.
Risk
Volatility	0.3%	0.3%	SGOV (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.2%	0.3%	SGOV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	0.0%	−0.4%	SGOV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.46	−0.96	SGOV	Return above Treasury bills per unit of volatility.
Sortino	−0.57	−1.17	SGOV	Return above Treasury bills per unit of downside deviation.
Calmar	Not measured	7.45		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

43%

By the books each fund has filed, SGOV and SHV hold 43% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

50%

0 half 100%

half

43% in common

Positions both hold · largest shared weight first SGOV SHV

U.S. Treasury Bills, due Oct 29, 2026 5.18% 4.53%

U.S. Treasury Bills, due Oct 13, 2026 8.51% 3.86%

U.S. Treasury Bills, due Oct 27, 2026 6.76% 3.56%

U.S. Treasury Bills, due Oct 1, 2026 5.01% 3.37%

U.S. Treasury Bills, due Sep 15, 2026 6.04% 2.91%

U.S. Treasury Bills, due Sep 22, 2026 8.59% 2.79%

U.S. Treasury Bills, due Nov 27, 2026 3.67% 2.74%

U.S. Treasury Bills, due Nov 12, 2026 2.34% 3.33%

U.S. Treasury Bills, due Sep 1, 2026 6.63% 2.28%

U.S. Treasury Bills, due Nov 19, 2026 4.41% 2.15%

U.S. Treasury Bills, due Sep 3, 2026 3.52% 1.92%

U.S. Treasury Bills, due Oct 20, 2026 10.18% 1.81%

Only in one fund ↓

Only in SGOV

Only in SHV

U.S. Treasury Bills, due Jan 14, 2027 4.95%

U.S. Treasury Bills, due Dec 15, 2026 3.60%

U.S. Treasury Bills, due Dec 22, 2026 3.55%

U.S. Treasury Bills, due Jan 7, 2027 3.29%

U.S. Treasury Bills, due Dec 31, 2026 3.23%

U.S. Treasury Bills, due Dec 24, 2026 2.97%

U.S. Treasury Bills, due Dec 8, 2026 2.78%

U.S. Treasury Bills, due Dec 29, 2026 2.65%

Check overlap with more funds →

Side by side

SGOV iShares 0-3 Month Treasury Bond ETF SHV iShares 0-1 Year Treasury Bond ETF

Where it sits Bond ETF Bond ETF

Issuer iShares iShares

What it is Tracks an index of 0-3 month T-bills Tracks an index of 0-1 Year Treasury Bond

Total return, 1 year +3.7% +3.6%

Expense ratio 0.09% 0.15%

Holdings 22 66

Net assets, as of Oct 27, 2026 $117.0bn $21.7bn

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

Client brief · page 1 of 2 Report BR-E644C51F3C

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

What each follows. SGOV follows ICE 0-3 Month US Treasury Securities Index and SHV follows ICE Short US Treasury Securities Index.
Holdings in common. 43% of the weight is in the same securities (holdings dated Aug 31, 2026).
Number of holdings. SGOV holds 22 positions and SHV holds 66.

Data as of Oct 28, 2026.

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About each fund

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.

SHV

SHV tracks an index of 0-1 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +3.6% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, SGOV or SHV?: In the year to Oct 28, 2026, with distributions reinvested, SGOV returned +3.7% and SHV +3.6%.
Which is cheaper, SGOV or SHV?: 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.

Other comparisons

SGOV vs USFR BOXX vs SGOV FLOT vs SGOV SGOV vs VUSB BIL vs SHV FTSM vs SHV BSCR vs SHV BILS vs SHV

Where to next

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

Sources and dates

SGOV and SHV filings on SEC EDGAR ↗

SGOV and SHV prospectus with the expense ratio (SEC) ↗

iShares page for SGOV ↗

iShares page for SHV ↗

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, SGOV against SHV, data as of Oct 28, 2026. https://etfiq.com/compare/any/sgov-vs-shv

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