Data as of Oct 28, 2026.
SGOV vs SHY: Differences, Returns & Fees
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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askIQ about SGOV and SHYNet 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.
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.
| Measure | SGOV | SHY |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.7% | +1.6% |
| Benchmark | ||
| What it tracks | ICE 0-3 Month US Treasury Securities Index | ICE U.S. Treasury 1-3 Year Bond Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.15% |
| Net assets, as of Oct 27, 2026 | $117.0bn | $27.4bn |
| 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 returnsSGOV 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 ↓
| 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.
half
0% in common
Only in one fund ↓
Side by side
SGOV and SHY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
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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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.
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.
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ETFIQ, SGOV against SHY, data as of Oct 28, 2026. https://etfiq.com/compare/any/sgov-vs-shy
ETFIQ. (Oct 28, 2026). SGOV against SHY. Retrieved from https://etfiq.com/compare/any/sgov-vs-shy
[SGOV against SHY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/sgov-vs-shy)
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