Data as of Oct 28, 2026.
SGOV vs USFR: Differences, Returns & Fees
SGOV's duration was 0.1 years on Aug 31, 2026 and USFR's 0.0 on May 31, 2026; SGOV charges 0.09% to USFR's 0.15%.
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Net assets: $117.0bn on Oct 27, 2026 for iShares 0-3 Month Treasury Bond ETF, and $17.0bn on May 31, 2026 for WisdomTree Floating Rate Treasury Fund.
Pair scorecard
SGOV costs 0.06 points a year less; their one-year returns differ by 0.4 points.
| Measure | SGOV | USFR |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.7% | +4.1% |
| Benchmark | ||
| What it tracks | ICE 0-3 Month US Treasury Securities Index | Bloomberg U.S. Treasury Floating Rate Bond Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.15% |
| Net assets, SGOV as of Oct 27, 2026 and USFR as of May 31, 2026 | $117.0bn | $17.0bn |
| Holdings | ||
| Holdings in common | report dates differ | |
Holdings in common uses holdings dated May 31, 2026 and Aug 31, 2026. Method
Risk and return
Jun 5, 2020 to Oct 23, 2026 · 333 weekly returnsUSFR returned slightly more: +21.7% to +20.8%. SGOV swung less: 0.3% to 0.4%. SGOV fell less at its worst: 0.0% to −0.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SGOV | USFR | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +20.8% | +21.7% | USFR (slight) | Price change plus distributions, reinvested. |
| Annualized | +3.0% | +3.1% | USFR (slight) | Total return as a yearly rate. |
| Price return | +0.6% | +0.6% | SGOV (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.3% | 0.4% | SGOV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.2% | 0.3% | SGOV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | 0.0% | −0.2% | SGOV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.46 | −0.06 | USFR | Return above Treasury bills per unit of volatility. |
| Sortino | −0.57 | −0.07 | USFR | Return above Treasury bills per unit of downside deviation. |
| Calmar | Not measured | 19.35 | 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.
Side by side
SGOV and USFR on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SGOV and USFR 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 USFR follows Bloomberg U.S. Treasury Floating Rate Bond Index.
- Number of holdings. SGOV holds 22 positions and USFR holds 4.
- One-year total return (similar). Over 1 year to Oct 28, 2026 SGOV returned +3.7% and USFR +4.1% with distributions reinvested, a gap of 0.4 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.
USFR
USFR tracks an index of Floating Rate Treasury. Over the year to Oct 28, 2026 it returned +4.1% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Bond Index. The prospectus expense ratio is 0.15% a year.
Questions people ask
- Which returned more over the last year, SGOV or USFR?
- In the year to Oct 28, 2026, with distributions reinvested, SGOV returned +3.7% and USFR +4.1%.
- Which is cheaper, SGOV or USFR?
- 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.
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ETFIQ, SGOV against USFR, data as of Oct 28, 2026. https://etfiq.com/compare/any/sgov-vs-usfr
ETFIQ. (Oct 28, 2026). SGOV against USFR. Retrieved from https://etfiq.com/compare/any/sgov-vs-usfr
[SGOV against USFR (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/sgov-vs-usfr)
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