Average Daily Volume
10.98M
Fund Overview
The iShares 0-3 Month Treasury Bond ETF (SGOV) is designed to provide investors with exposure to short-term U.S. Treasury securities with maturities of three months or less. The fund seeks to track the performance of the ICE 0-3 Month US Treasury Securities Index, which includes Treasury bills, notes, and bonds issued by the U.S. government. SGOV is known for its low duration risk, making it a popular choice for investors seeking capital preservation and liquidity. The ETF is often used as a cash alternative or a safe haven during periods of market volatility. With its focus on ultra-short-term government debt, SGOV offers a high level of credit quality and minimal interest rate risk compared to longer-duration bond funds.
- Asset Class
-
Bond
- Industry
-
Treasury Bonds
- Annual Dividend Rate
-
- Smart Beta
-
No
- Leveraged / Inverse
-
N/A / No
- Dividend Quality - Yield
-
- 4.18 %
- Currency Hedged
-
No
- Portfolio Turnover
-
584 %
- Dividend Date
-
Why Invest in the SGOV ETF?
Potential Benefits
- Low credit risk due to exclusive holdings of U.S. Treasury securities, which are backed by the full faith and credit of the U.S. government.
- Minimal interest rate sensitivity, as the fund invests in securities with maturities of three months or less.
- High liquidity, making it easy to buy and sell shares without significant price impact.
- Competitive yield relative to other cash-equivalent investments such as money market funds.
- Tax advantages, as interest income from U.S. Treasury securities is exempt from state and local taxes.
Potential Risks
- Low yield potential compared to longer-duration or higher-risk fixed-income investments.
- Inflation risk, as returns may not keep pace with rising prices over the long term.
- Reinvestment risk, as maturing securities may be reinvested at lower yields in a declining interest rate environment.
- Market risk, though minimal, can still affect the fund's NAV during periods of extreme market stress.
RSI data unavailable or insufficient history.
Monthly Returns (%)
| Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
| 2026 |
+0.3%
|
+0.3%
|
+0.3%
|
+0.3%
|
+0.3%
|
+0.3%
|
+0.3%
|
+0.3%
|
+0.3%
|
+0.1%
|
-
|
-
|
| 2025 |
+0.4%
|
+0.3%
|
+0.3%
|
+0.4%
|
+0.4%
|
+0.3%
|
+0.4%
|
+0.4%
|
+0.3%
|
+0.4%
|
+0.3%
|
+0.3%
|
| 2024 |
+0.4%
|
+0.4%
|
+0.4%
|
+0.4%
|
+0.5%
|
+0.4%
|
+0.4%
|
+0.5%
|
+0.4%
|
+0.4%
|
+0.4%
|
+0.4%
|
| 2023 |
+0.3%
|
+0.4%
|
+0.4%
|
+0.3%
|
+0.4%
|
+0.5%
|
+0.4%
|
+0.5%
|
+0.4%
|
+0.4%
|
+0.5%
|
+0.4%
|
| 2022 |
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
+0.1%
|
0.0%
|
+0.2%
|
+0.2%
|
+0.2%
|
+0.3%
|
+0.4%
|
| 2021 |
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
| 2020 |
-
|
-
|
-
|
-
|
-
|
-
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
0.0%
|
< -5%
-5% to -2%
-2% to 0%
0%
0% to +2%
+2% to +5%
> +5%
Top Holdings (by weight)
| Symbol |
Company Name |
Weight |
No holdings data available.
Related ETFs: SGOV vs Peers
Comparison highlights key differences on cost, coverage, and focus within sector ETFs.
Investment Strategy
The iShares 0-3 Month Treasury Bond ETF (SGOV) seeks to track the performance of the ICE 0-3 Month US Treasury Securities Index, which includes U.S. Treasury securities with remaining maturities of three months or less. The index is market-cap weighted, reflecting the relative size of each security in the Treasury market. SGOV is passively managed, aiming to replicate the index's holdings with minimal tracking error. The fund primarily holds Treasury bills, notes, and bonds, providing direct exposure to U.S. government debt. Rebalancing occurs regularly to maintain alignment with the index, ensuring the portfolio reflects the shortest segment of the Treasury yield curve.
Frequently Asked Questions
What is the expense ratio of SGOV?
SGOV has a low expense ratio of 0.07%, making it a cost-effective option for gaining exposure to short-term Treasury securities.
How often does SGOV pay dividends?
SGOV pays dividends monthly, reflecting the interest income earned from its holdings of Treasury securities.
Is SGOV a good alternative to a money market fund?
Yes, SGOV can serve as a competitive alternative to money market funds, offering similar safety and liquidity with the added benefits of ETF tradability and potential tax advantages.
What is the average maturity of SGOV's holdings?
SGOV's holdings have an average maturity of less than three months, as the fund exclusively invests in Treasury securities with maturities of 0-3 months.
Industry Overview
The iShares 0-3 Month Treasury Bond ETF (SGOV) operates within the short-term fixed-income market, specifically focusing on U.S. Treasury securities. This segment is favored by investors seeking safety, liquidity, and stability, particularly during uncertain economic conditions. Short-term Treasury ETFs like SGOV are often used as cash management tools or as a defensive allocation within a broader investment portfolio. The U.S. Treasury market is one of the most liquid and widely followed fixed-income markets globally, offering investors a high degree of transparency and reliability. SGOV provides a convenient way to access this market with the added benefits of ETF liquidity and low costs.
Alternative Comparison
SGOV competes closely with other short-term Treasury ETFs such as BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) and SHV (iShares Short Treasury Bond ETF). While SGOV focuses exclusively on securities with maturities of three months or less, SHV includes Treasuries with maturities up to one year, resulting in slightly higher duration risk. BIL, like SGOV, targets the ultra-short end of the yield curve but uses a different index provider (Bloomberg). SGOV stands out for its competitive expense ratio and precise focus on the shortest maturities, making it a preferred choice for investors seeking minimal interest rate exposure.
Issuer Overview
iShares, a division of BlackRock, is the largest ETF provider globally, known for its extensive range of index-tracking funds. With a strong reputation for innovation and reliability, iShares offers investors access to a wide array of asset classes, including equities, fixed income, and alternatives. The issuer's expertise in ETF management and its robust infrastructure ensure efficient fund operations and tight tracking of underlying indices.
Conclusion
The iShares 0-3 Month Treasury Bond ETF (SGOV) is an attractive option for investors seeking a low-risk, liquid, and tax-efficient cash alternative. Its focus on ultra-short-term U.S. Treasury securities provides stability and capital preservation, making it suitable for defensive portfolio allocations or short-term cash management. While the fund's yield potential is limited, its safety and liquidity features make it a valuable tool for navigating uncertain market conditions.
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