Data as of Oct 28, 2026.
SGOV vs USHY: Differences, Returns & Fees
SGOV's duration was 0.1 years on Aug 31, 2026 and USHY's 3.0 on Jul 31, 2026; USHY charges 0.08% to SGOV's 0.09%.
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Net assets on Oct 27, 2026: $117.0bn for iShares 0-3 Month Treasury Bond ETF and $26.3bn for iShares Broad USD High Yield Corporate Bond ETF.
Pair scorecard
USHY costs 0.01 points a year less; their one-year returns differ by 2.0 points; SGOV is 4.4 times larger.
| Measure | SGOV | USHY |
|---|---|---|
| Return | ||
| Total return, 1 year | +3.7% | +1.7% |
| Benchmark | ||
| What it tracks | ICE 0-3 Month US Treasury Securities Index | ICE BofA US High Yield Constrained Index |
| Cost and size | ||
| Expense ratio | 0.09% | 0.08% |
| Net assets, as of Oct 27, 2026 | $117.0bn | $26.3bn |
| Holdings | ||
| Holdings in common | 0% | |
Holdings in common uses holdings dated Jul 31, 2026 and Aug 31, 2026. Method
Risk and return
Jun 5, 2020 to Oct 23, 2026 · 333 weekly returnsUSHY returned more: +35.2% to +20.8%. SGOV swung less: 0.3% to 6.6%. SGOV fell less at its worst: 0.0% to −15.4%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | SGOV | USHY | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +20.8% | +35.2% | USHY | Price change plus distributions, reinvested. |
| Annualized | +3.0% | +4.8% | USHY | Total return as a yearly rate. |
| Price return | +0.6% | −9.2% | SGOV | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 0.3% | 6.6% | SGOV | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 0.2% | 4.5% | SGOV | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | 0.0% | −15.4% | SGOV | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | −0.46 | 0.28 | USHY | Return above Treasury bills per unit of volatility. |
| Sortino | −0.57 | 0.41 | USHY | Return above Treasury bills per unit of downside deviation. |
| Calmar | Not measured | 0.31 | 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 USHY hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Aug 31, 2026.
half
0% in common
Only in one fund ↓
Side by side
SGOV and USHY on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
SGOV and USHY 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 USHY follows ICE BofA US High Yield Constrained Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Aug 31, 2026 and Jul 31, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 SGOV returned +3.7% and USHY +1.7% with distributions reinvested, a gap of 2.0 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.
USHY
USHY tracks an index of Broad USD High Yield Corporate Bond. Over the year to Oct 28, 2026 it returned +1.7% with distributions reinvested, against +1.8% for its benchmark, the ICE BofA US High Yield Constrained Index, measured by the closely related ICE BofA US High Yield Index. The prospectus expense ratio is 0.08% a year.
Questions people ask
- Which returned more over the last year, SGOV or USHY?
- In the year to Oct 28, 2026, with distributions reinvested, SGOV returned +3.7% and USHY +1.7%.
- Which is cheaper, SGOV or USHY?
- USHY 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.
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 USHY, data as of Oct 28, 2026. https://etfiq.com/compare/any/sgov-vs-ushy
ETFIQ. (Oct 28, 2026). SGOV against USHY. Retrieved from https://etfiq.com/compare/any/sgov-vs-ushy
[SGOV against USHY (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/sgov-vs-ushy)
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