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

In the year to Oct 28, 2026, with distributions reinvested, SGOV returned +3.7% and SHY +1.6%.

Which is cheaper, SGOV or SHY?

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 SHY: Differences, Returns & Fees

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On Aug 31, 2026 SGOV's duration was 0.1 years and SHY's 1.8; SGOV charges 0.09% to SHY's 0.15%.

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Net assets on Oct 27, 2026: $117.0bn for iShares 0-3 Month Treasury Bond ETF and $27.4bn for iShares 1-3 Year Treasury Bond ETF.

SGOV on its own →SHY on its own →

At a glance

+3.7%

SGOV total return, 1 year

+1.6%

SHY total return, 1 year

0.09%

SGOV expense ratio

0.15%

SHY expense ratio

Pair scorecard

SGOV costs 0.06 points a year less; their one-year returns differ by 2.1 points; SGOV is 4.3 times larger.

SGOV vs SHY: Differences, Returns & Fees
Measure	SGOV	SHY
Return
Measure	SGOV	SHY
Total return, 1 year	+3.7%	+1.6%
Benchmark
Measure	SGOV	SHY
What it tracks	ICE 0-3 Month US Treasury Securities Index	ICE U.S. Treasury 1-3 Year Bond Index
Cost and size
Measure	SGOV	SHY
Expense ratio	0.09%	0.15%
Net assets, as of Oct 27, 2026	$117.0bn	$27.4bn
Holdings
Measure	SGOV	SHY
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 returns

SGOV SHY

Return

Total return edge SGOV +20.8% +9.8%

Annualized edge SGOV +3.0% +1.5%

Price return edge SGOV +0.6% −5.8%

Risk

Volatility edge SGOV 0.3% 1.7%

Max drawdown edge SGOV 0.0% −5.6%

Risk-adjusted

Sharpe edge SGOV −0.46 −0.97

Sortino edge SGOV −0.57 −1.30

Calmar Not measured 0.26

Reading

SGOV returned more: +20.8% to +9.8%. SGOV swung less: 0.3% to 1.7%. SGOV fell less at its worst: 0.0% to −5.6%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: SGOV vs SHY: Differences, Returns & Fees
Measure	SGOV	SHY	Edge	How it is measured
Return
Total return	+20.8%	+9.8%	SGOV	Price change plus distributions, reinvested.
Annualized	+3.0%	+1.5%	SGOV	Total return as a yearly rate.
Price return	+0.6%	−5.8%	SGOV	Price change alone, distributions left out.
Risk
Volatility	0.3%	1.7%	SGOV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.2%	1.2%	SGOV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	0.0%	−5.6%	SGOV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.46	−0.97	SGOV	Return above Treasury bills per unit of volatility.
Sortino	−0.57	−1.30	SGOV	Return above Treasury bills per unit of downside deviation.
Calmar	Not measured	0.26		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, SGOV and SHY hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first SGOV SHY

Only in one fund ↓

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%

Only in SHY

U.S. Treasury Notes, due Apr 30, 2028 1.97%

U.S. Treasury Notes, due Jan 31, 2028 1.71%

U.S. Treasury Notes, due Jun 30, 2028 1.61%

U.S. Treasury Notes, due Apr 30, 2029 1.51%

U.S. Treasury Notes, due May 31, 2029 1.49%

U.S. Treasury Notes, due Aug 15, 2027 1.48%

U.S. Treasury Notes, due Jun 30, 2029 1.47%

U.S. Treasury Notes, due Feb 15, 2028 1.40%

Check overlap with more funds →

Side by side

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

Total return, 1 year +3.7% +1.6%

Its benchmark over the same days not measured +1.7% (BBSB)

Gap to its benchmark not measured −0.1 pts vs BBSB

Expense ratio 0.09% 0.15%

Holdings 22 90

Net assets, as of Oct 27, 2026 $117.0bn $27.4bn

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

Client brief · page 1 of 2 Report BR-F6999A1BF4

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

What each follows. SGOV follows ICE 0-3 Month US Treasury Securities Index and SHY follows ICE U.S. Treasury 1-3 Year Bond 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 SGOV returned +3.7% and SHY +1.6% with distributions reinvested, a gap of 2.1 points.

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.

SHY

SHY tracks an index of 1-3 Year Treasury Bond. Over the year to Oct 28, 2026 it returned +1.6% with distributions reinvested, against +1.7% for its benchmark, the ICE U.S. Treasury 1-3 Year Bond Index. The prospectus expense ratio is 0.15% a year.

Questions people ask

Which returned more over the last year, SGOV or SHY?: In the year to Oct 28, 2026, with distributions reinvested, SGOV returned +3.7% and SHY +1.6%.
Which is cheaper, SGOV or SHY?: 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

SCHO vs SGOV SGOV vs VGSH IEI vs SGOV AGG vs SGOV BIL vs SHY SHV vs SHY SHY vs VBIL SHY vs VUSB

Where to next

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

Sources and dates

SGOV and SHY filings on SEC EDGAR ↗

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

iShares page for SGOV ↗

iShares page for SHY ↗

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 SHY, data as of Oct 28, 2026. https://etfiq.com/compare/any/sgov-vs-shy

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