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

In the year to Oct 28, 2026, with distributions reinvested, SGOV returned +3.7% and TLT −7.9%.

Which is cheaper, SGOV or TLT?

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 TLT: Differences, Returns & Fees

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On Aug 31, 2026 SGOV's duration was 0.1 years and TLT's 15.1; SGOV charges 0.09% to TLT's 0.15%.

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Net assets on Oct 27, 2026: $117.0bn for iShares 0-3 Month Treasury Bond ETF and $47.4bn for iShares 20+ Year Treasury Bond ETF.

SGOV on its own →TLT on its own →

At a glance

+3.7%

SGOV total return, 1 year

−7.9%

TLT total return, 1 year

0.09%

SGOV expense ratio

0.15%

TLT expense ratio

Pair scorecard

SGOV costs 0.06 points a year less; their one-year returns differ by 11.6 points; SGOV is 2.5 times larger.

SGOV vs TLT: Differences, Returns & Fees
Measure	SGOV	TLT
Return
Measure	SGOV	TLT
Total return, 1 year	+3.7%	−7.9%
Drawdown
Measure	SGOV	TLT
Below its high		42.6%, high on Aug 4, 2020
Benchmark
Measure	SGOV	TLT
What it tracks	ICE 0-3 Month US Treasury Securities Index	ICE U.S. Treasury 20+ Year Bond Index
Cost and size
Measure	SGOV	TLT
Expense ratio	0.09%	0.15%
Net assets, as of Oct 27, 2026	$117.0bn	$47.4bn
Holdings
Measure	SGOV	TLT
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 TLT

Return

Total return edge SGOV +20.8% −36.5%

Annualized edge SGOV +3.0% −6.8%

Price return edge SGOV +0.6% −47.9%

Risk

Volatility edge SGOV 0.3% 14.1%

Max drawdown edge SGOV 0.0% −47.8%

Risk-adjusted

Sharpe edge SGOV −0.46 −0.65

Sortino edge SGOV −0.57 −0.85

Calmar Not measured −0.14

Reading

SGOV returned more: +20.8% to −36.5%. SGOV swung less: 0.3% to 14.1%. SGOV fell less at its worst: 0.0% to −47.8%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: SGOV vs TLT: Differences, Returns & Fees
Measure	SGOV	TLT	Edge	How it is measured
Return
Total return	+20.8%	−36.5%	SGOV	Price change plus distributions, reinvested.
Annualized	+3.0%	−6.8%	SGOV	Total return as a yearly rate.
Price return	+0.6%	−47.9%	SGOV	Price change alone, distributions left out.
Risk
Volatility	0.3%	14.1%	SGOV	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	0.2%	10.8%	SGOV	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	0.0%	−47.8%	SGOV	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	−0.46	−0.65	SGOV	Return above Treasury bills per unit of volatility.
Sortino	−0.57	−0.85	SGOV	Return above Treasury bills per unit of downside deviation.
Calmar	Not measured	−0.14		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 TLT 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 TLT

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 TLT

U.S. Treasury Bonds, due May 15, 2055 4.46%

U.S. Treasury Bonds, due May 15, 2054 4.40%

U.S. Treasury Bonds, due Aug 15, 2053 4.18%

U.S. Treasury Bonds, due Feb 15, 2054 4.03%

U.S. Treasury Bonds, due Feb 15, 2056 3.94%

U.S. Treasury Bonds, due Aug 15, 2054 3.94%

U.S. Treasury Bonds, due Nov 15, 2053 3.92%

U.S. Treasury Bonds, due Feb 15, 2055 3.80%

Check overlap with more funds →

Side by side

SGOV iShares 0-3 Month Treasury Bond ETF TLT iShares 20+ 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 20+ year Treasuries

Total return, 1 year +3.7% −7.9%

Its benchmark over the same days not measured −7.8% (BBLB)

Gap to its benchmark not measured −0.1 pts vs BBLB

Expense ratio 0.09% 0.15%

Holdings 22 47

Net assets, as of Oct 27, 2026 $117.0bn $47.4bn

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

Client brief · page 1 of 2 Report BR-CA6D6B6713

SGOV and TLT 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 TLT follows ICE U.S. Treasury 20+ 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 TLT −7.9% with distributions reinvested, a gap of 11.6 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.

TLT

TLT tracks an index of 20+ year Treasuries. Over the year to Oct 28, 2026 it returned −7.9% with distributions reinvested, against −7.8% for its benchmark, the ICE U.S. Treasury 20+ Year Bond Index. The prospectus expense ratio is 0.15% a year. It sat 42.6% below its high of Aug 4, 2020 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, SGOV or TLT?: In the year to Oct 28, 2026, with distributions reinvested, SGOV returned +3.7% and TLT −7.9%.
Which is cheaper, SGOV or TLT?: 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

EDV vs SGOV SGOV vs VGLT BIL vs SGOV SGOV vs VGIT BIL vs TLT TLT vs VBIL TLT vs VUSB SHV vs TLT

Where to next

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

Sources and dates

SGOV and TLT filings on SEC EDGAR ↗

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

iShares page for SGOV ↗

iShares page for TLT ↗

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

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