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

In the year to Sep 13, 2026, with distributions reinvested, SGOV returned +3.8% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.

Which is cheaper, SGOV or SPY?

SGOV charges 0.09% a year and SPY charges 0.09%, so SGOV is cheaper. Fees come from each fund's prospectus.

Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

SGOV vs SPY: how they differ

SGOV and SPY hold 0% of their weight in the same names, and SPY returned more over the year.

iShares 0-3 Month Treasury Bond ETF and SPDR S&P 500 ETF Trust.

What they hold in common

By the books each fund has filed, SGOV and SPY hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in SGOV	Only in SPY
TREASURY BILL 0.94%	NVIDIA CORP 8.08%
BLK CSH FND TREASURY SL AGENCY 0.51%	APPLE INC 7.33%
	MICROSOFT CORP 5.59%
	AMAZON.COM INC 3.77%
	ALPHABET INC CL A 2.98%
	BROADCOM INC 2.61%
	ALPHABET INC CL C 2.39%
	META PLATFORMS INC CLASS A 2.16%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026.

SGOV and SPY on the fields both publish, as of Sep 13, 2026. Source: ETFIQ.
	SGOV iShares 0-3 Month Treasury Bond ETF	SPY SPDR S&P 500 ETF Trust
Where it sits	Core index fund	Core index fund
Issuer	iShares	State Street
What it is	0-3 month T-bills	S&P 500
Total return, 1 year	+3.8%	+17.5%
S&P 500 over the same days	+17.5%	+17.5%
Gap to the S&P 500	−13.7 pts	0.0 pts
Expense ratio	0.09%	0.09%
Holdings	23	505

SGOV in plain words

SGOV is a cash and treasury bills tracking the 0-3 month T-bills. Over the year to Sep 11, 2026 it returned +3.8% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.09% a year.

SPY in plain words

SPY is an index equity fund tracking the S&P 500. Over the year to Sep 11, 2026 it returned +17.5% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. By its holdings filed for Sep 10, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 505 positions, with the top ten at 38.2%.

Questions people ask

Which returned more over the last year, SGOV or SPY?: In the year to Sep 13, 2026, with distributions reinvested, SGOV returned +3.8% and SPY returned +17.5%, so SPY returned more. One year is one year; the longer windows are in the table.
Which is cheaper, SGOV or SPY?: SGOV charges 0.09% a year and SPY charges 0.09%, so SGOV is cheaper. Fees come from each fund's prospectus.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

SGOV against SPY, ETFIQ, data as of Sep 13, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, SGOV against SPY, data as of Sep 13, 2026. https://etfiq.com/compare/any/sgov-vs-spy Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources