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

In the year to Oct 20, 2026, with distributions reinvested, SGOV returned +3.7% and TBLL +3.6%.

Which is cheaper, SGOV or TBLL?

TBLL is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.

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SGOV vs TBLL: Differences, Returns & Fees

On May 31, 2026 SGOV's duration was 0.1 years and TBLL's 0.3; TBLL charges 0.08% to SGOV's 0.09%. Net assets on Oct 20, 2026: $116.5bn for iShares 0-3 Month Treasury Bond ETF and $2.6bn for Invesco Short Term Treasury ETF.

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Answers cite the figures on this page.

TBLL costs 0.01 points a year less; their one-year returns differ by 0.1 points; SGOV is far larger, $116.5bn against $2.6bn.

SGOV vs TBLL: Differences, Returns & Fees
	SGOV	TBLL
Expense ratio	0.09%	0.08%
Net assets	$116.5bn	$2.6bn
Total return, 1 year	+3.7%	+3.6%
What it tracks	ICE 0-3 Month US Treasury Securities Index	ICE U.S. Treasury Short Bond Index
Holdings in common	30%

Holdings in common uses holdings dated May 31, 2026.

+3.7%

SGOV total return, 1 year

+3.6%

TBLL total return, 1 year

0.09%

SGOV expense ratio

0.08%

TBLL expense ratio

Client brief · page 1 of 2Report BR-2448631F49

SGOV and TBLL 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 TBLL follows ICE U.S. Treasury Short Bond Index.
Holdings in common. 30% of the weight is in the same securities (holdings dated May 31, 2026).
Number of holdings. SGOV holds 23 positions and TBLL holds 93.

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, SGOV and TBLL hold 30% of their money in the same securities at the same weight. Holdings dated May 31, 2026.

50%

half

30% in common

Positions both hold, largest shared weight first

Holding SGOV TBLL

U.S. Treasury Bills, due Jun 18, 2026 3.73% 2.79%

U.S. Treasury Bills, due Jul 2, 2026 4.91% 2.62%

U.S. Treasury Bills, due Jul 16, 2026 4.10% 2.30%

U.S. Treasury Bills, due Aug 6, 2026 4.58% 2.13%

U.S. Treasury Bills, due Jun 25, 2026 1.75% 2.65%

U.S. Treasury Bills, due Jul 21, 2026 5.99% 1.67%

U.S. Treasury Bills, due Jul 28, 2026 8.33% 1.67%

U.S. Treasury Bills, due Jun 30, 2026 10.14% 1.47%

U.S. Treasury Bills, due Aug 27, 2026 3.67% 1.31%

U.S. Treasury Bills, due Jul 23, 2026 6.76% 1.28%

U.S. Treasury Bills, due Jul 30, 2026 5.08% 1.28%

U.S. Treasury Bills, due Aug 13, 2026 2.24% 1.26%

Only in SGOV

Only in TBLL

U.S. Treasury Bills, due Sep 3, 2026 2.23%

U.S. Treasury Bills, due Oct 29, 2026 2.15%

U.S. Treasury Notes/Bonds, due Sep 30, 2026 1.87%

U.S. Treasury Notes, due Jul 31, 2026 1.82%

U.S. Treasury Notes, due Jun 30, 2026 1.82%

U.S. Treasury Notes, due Aug 15, 2026 1.77%

U.S. Treasury Bills, due Aug 4, 2026 1.67%

U.S. Treasury Bills, due Aug 11, 2026 1.67%

Check overlap with more funds →

On the same fields

SGOV

iShares 0-3 Month Treasury Bond ETF

TBLL

Invesco Short Term Treasury ETF

Where it sits Bond ETF Bond ETF

Issuer iShares Invesco

What it is Tracks an index of 0-3 month T-bills Tracks an index

Total return, 1 year +3.7% +3.6%

Its benchmark over the same days not measured +3.6% (TRSY)

Gap to its benchmark not measured 0.0 pts vs TRSY

Expense ratio 0.09% 0.08%

Holdings 23 93

Net assets $116.5bn $2.6bn

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

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.

About TBLL

TBLL tracks an index. Over the year to Oct 20, 2026 it returned +3.6% with distributions reinvested, against +3.6% for its benchmark, the ICE U.S. Treasury Short Bond Index. The prospectus expense ratio is 0.08% a year.

Questions people ask

Which returned more over the last year, SGOV or TBLL?: In the year to Oct 20, 2026, with distributions reinvested, SGOV returned +3.7% and TBLL +3.6%.
Which is cheaper, SGOV or TBLL?: TBLL is cheaper, by 0.01 percentage points a year. That is about $1 on $10,000 held for a year. Fees come from each fund's prospectus.

Other comparisons

CLIP vs SGOV FLDR vs SGOV BSCQ vs SGOV FLRN vs SGOV TBLL vs TFLO FTSM vs TBLL BSCR vs TBLL BILS vs TBLL

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

Where these figures came from

SGOV filings on SEC EDGAR ↗SGOV prospectus with the expense ratio (SEC) ↗iShares page for SGOV ↗TBLL filings on SEC EDGAR ↗TBLL prospectus with the expense ratio (SEC) ↗Invesco page for TBLL ↗

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

Open data

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