Alternatives
Best SGOV Alternatives in 2026
Treasury bill and floating-rate ETFs to consider alongside iShares SGOV.
Data updated August 2026 · 8 ETFs
Who this page is for
Best for
- SGOV holders comparing similar funds, fees, payouts, and strategy design
- Cash investors comparing maturity, interest-rate sensitivity, fees, and liquidity
- Investors who will compare total return and NAV trend alongside distribution rate
Not a fit for
- Investors who need an FDIC-insured bank deposit or a guaranteed share price
- Anyone treating a current distribution rate as guaranteed future income
- Investors choosing from headline yield alone without reviewing the underlying exposure
Analysis
SGOV holds Treasury obligations with three months or less to maturity. BIL and CLIP target a similar one-to-three-month segment, while TBIL follows a single three-month bill. SHV, GBIL, VGSH, and SCHO reach farther along the short Treasury curve and can carry more rate sensitivity. USFR and TFLO instead own floating-rate Treasury notes. These funds can all serve as liquid cash-management tools, but they differ in maturity exposure, yield response, fees, bid-ask spreads, and distribution timing. ETF shares also fluctuate and are not bank accounts, even when the underlying credit exposure is backed by the U.S. Treasury.
See this list inside your portfolio
A ranked list is a starting point. Dividend Vision turns it into a plan — forecasting the income your holdings actually generate and putting each fund's yield next to its total return and risk.
- Income forecasting — know what your holdings pay monthly, quarterly, and yearly
- Yield vs. total return — weigh each distribution against price performance, not the headline rate
- Screen & compare — line up any income ETFs side by side on yield, cost, and strategy
- Portfolio risk — see income concentration, issuer overlap, and volatility across your holdings
- AI ETF comparison — ask plain-language questions to compare yield, risk, and income potential
7 days of Pro included · no credit card · free plan afterward
Top picks
Top 3 SGOV alternatives by assets under management.
Yield distribution
Expense ratio distribution
Income projection
Estimated income if the current average distribution rate of 3.75% held for a full year with share prices unchanged. Distribution rate is not total return—a fund can pay a large distribution while its share price falls—so treat these as an upper-bound illustration, not a forecast.
| Investment | Annual income | Monthly income | Weekly income |
|---|---|---|---|
| $10,000 | $376 | $31 | $7 |
| $25,000 | $939 | $78 | $18 |
| $50,000 | $1,878 | $156 | $36 |
| $100,000 | $3,755 | $313 | $72 |
Issuer breakdown
Distribution of ETFs by fund issuer. Larger issuers often offer lower expense ratios and higher liquidity.
All 8 ETFs
| Ticker | Name | Issuer | Yield | Expense ratio | AUM | Frequency |
|---|---|---|---|---|---|---|
| VGSH | Vanguard Short-Term Treasury ETF | Vanguard | 3.77% | 0.04% | $30.2B | Monthly |
| USFR | WisdomTree Floating Rate Treasury Fund | WisdomTree | 3.81% | 0.15% | $18.4B | Monthly |
| SCHO | Schwab Short-Term U.S. Treasury ETF | Schwab | 4.04% | 0.03% | $12.9B | Monthly |
| GBIL | Goldman Sachs Access Treasury 0-1 Year ETF | Goldman Sachs | 3.66% | 0.12% | $7.6B | Monthly |
| TBIL | US Treasury 3 Month Bill ETF | F/m Investments | 3.61% | 0.15% | $7.2B | Monthly |
| TFLO | iShares Treasury Floating Rate Bond ETF | iShares | 3.79% | 0.15% | $6.7B | Monthly |
| BILS | State Street SPDR Bloomberg 3-12 Month T-Bill ETF | State Street | 3.69% | 0.14% | $3.9B | Monthly |
| CLIP | Global X 1-3 Month T-Bill ETF | Global X | 3.67% | 0.07% | $2.6B | Monthly |
Frequently asked questions
What are the best sgov alternatives?
This page lists the top 8 ETFs in this category ranked by key metrics. The list includes funds from issuers like Vanguard, WisdomTree, Schwab, Goldman Sachs, F/m Investments and more.
How often is this list updated?
The data on this page is refreshed regularly using the latest available distribution rates, expense ratios, and AUM figures. Last updated August 2026.
What is the average yield of these ETFs?
The average distribution yield across the 8 ETFs on this list is 3.75%. Individual yields range from 3.61% to 4.04%.
What is the closest alternative to SGOV?
BIL and CLIP are the closest maturity-based comparisons because they focus on one-to-three-month Treasury bills. TBIL provides a concentrated three-month-bill approach.
What should I compare when choosing a SGOV alternative?
Compare effective maturity, duration, 30-day SEC yield, expense ratio, bid-ask spread, assets, distribution timing, and whether the fund owns fixed or floating-rate Treasuries.
Does a higher-yielding SGOV alternative produce a better return?
Not necessarily. Distribution rate measures cash paid, not wealth created. Compare total return, NAV trend, fees, distribution composition, and the amount of upside surrendered by any options overlay.
Explore more
Learn the method
The metrics and risks behind this list, explained in the Academy.
From the blog
Put this list to work in your portfolio
Import or build a portfolio to see income forecasts, upcoming distributions, income concentration, and risk across everything you own — and where a fund's yield and total return diverge.
7 days of Pro included · no credit card · free plan afterward