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ETF Comparison

BOXX vs SGOV: Which Is the Better Pick in 2026?

A head-to-head comparison of Alpha Architect BOXX ETF and iShares 0-3 Month Treasury Bond ETF covering yield, cost, risk, and income potential.

Data updated July 15, 2026

ETFs20
Total AUM$20.0B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

Alpha Architect operates a focused lineup of 8 ETFs concentrated on equity factor strategies, income generation, and international exposure, with an emphasis on alternative and research-driven approaches to portfolio construction. The firm is known for developing specialized strategies that combine traditional factor investing with tactical overlays, as evidenced by funds like QMOM (quantitative momentum) and IMOM (international momentum), alongside income-focused options. Their fund family spans equity factors, covered call strategies, and international markets, appealing to investors seeking rules-based, non-traditional approaches to dividend and factor-based investing.

See our curated list of related YouTube videos on BOXX.

ETFs481
Total AUM$4450B

ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.

iShares is one of the largest ETF providers globally, known for offering a broad, diversified lineup of exchange-traded funds across multiple asset classes and investment strategies. The company operates 215 funds spanning 15 distinct families, including popular offerings in dividend income, covered call strategies, bonds, equities, ESG-focused investments, and factor-based approaches, with widely-held tickers like AGG (bond), ACWI (global equity), and AOA (allocation). iShares is characterized by its comprehensive fund ecosystem that serves both core portfolio holdings and specialized investment strategies, making it a prominent player for investors seeking both traditional and alternative income-generating ETF solutions.

See our curated list of related YouTube videos on SGOV.

Side-by-side snapshot

BOXXSGOV
Full nameAlpha Architect BOXX ETFiShares 0-3 Month Treasury Bond ETF
IssuerAlpha ArchitectiShares
Last Close$117.42 as of July 15, 2026$100.52 as of July 15, 2026
Distribution yield3.53%
Distribution Safety Score 71
Expense ratio0.19%0.07%
AUM$12.5B$95.2B
Distribution frequencySemi-AnnualMonthly
Underlying indexU.S. Treasury Bills (1-3 Month)ICE 0-3 Month US Treasury Securities Index
ObjectiveSeeks investment results that, before fees and expenses, equal or exceed the price and yield performance of an investment tracking the 1-3 month sector of the United States Treasury Bill market using exchange-listed box spread options.Treasury Bond
Asset classFixed IncomeFixed Income
Inception date12/27/202205/26/2020
Beta0.0009-0.0029
Last dividend$0.2960
Ex-dividend date08/13/202407/01/2026

Bottom lineChoose BOXX if you want fixed-income ballast that steadies the portfolio when stocks fall. Choose SGOV if you want higher current income (3.53% while BOXX makes no distribution).

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Visual comparison

Key metrics

Projected income on $10K

Projections assume the current yield and share price remain constant. Actual results will vary.

Quick verdict

BOXX (Alpha Architect BOXX ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both ETFs, but they take different approaches.

SGOV currently shows a 3.53% distribution yield. BOXX has not yet established a full distribution history, so a comparable yield figure is not available.

SGOV is cheaper with an expense ratio of 0.07% compared to 0.19%.

They track different benchmarks: BOXX is linked to U.S. Treasury Bills (1-3 Month) while SGOV tracks ICE 0-3 Month US Treasury Securities Index, which means their performance drivers differ.

SGOV is the larger fund by assets ($95.2B), which generally means tighter spreads and better liquidity.

Deep dive

Yield & income

On a $10,000 investment, BOXX has no reported distribution yield yet, so a monthly income estimate is not available, while SGOV would produce $29.42/month, at current distribution rates.

BOXX yield
SGOV yield3.53%

Cost & efficiency

Over 10 years on $10,000, BOXX would cost approximately $190 in fees vs $70 for SGOV (simplified, not compounded). The $120.00 difference may be offset by yield or performance.

BOXX ER0.19%
SGOV ER0.07%

Strategy & risk

BOXX tracks U.S. Treasury Bills (1-3 Month) with a bonds approach, while SGOV tracks ICE 0-3 Month US Treasury Securities Index with a treasury bond approach. Beta is 0.0009 for BOXX and -0.0029 for SGOV, indicating SGOV is less volatile relative to the market.

BOXX beta0.0009
SGOV beta-0.0029

Fund details

BOXX is managed by Alpha Architect (launched 12/27/2022) with $12.5B in assets. SGOV is managed by iShares (launched 05/26/2020) with $95.2B in assets.

BOXX AUM$12.5B
SGOV AUM$95.2B

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Frequently asked questions

Which of BOXX or SGOV pays more dividend income?

SGOV currently reports a distribution yield, while BOXX has not yet established a full distribution history. A direct income comparison is not yet meaningful — check back once both funds have published several consecutive distributions.

What is the difference between BOXX and SGOV?

BOXX (Alpha Architect BOXX ETF) tracks U.S. Treasury Bills (1-3 Month) with a bonds approach, while SGOV (iShares 0-3 Month Treasury Bond ETF) tracks ICE 0-3 Month US Treasury Securities Index with a treasury bond approach. They are issued by Alpha Architect and iShares respectively.

Can I hold both BOXX and SGOV?

Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.

Which has lower fees, BOXX or SGOV?

BOXX has an expense ratio of 0.19% while SGOV charges 0.07%. Lower fees mean more of your investment returns stay in your pocket over time.

How much income does $10,000 in BOXX vs SGOV generate?

At current rates, BOXX has not established a distribution history yet, so a monthly income estimate is not available. The same in SGOV would produce about $29.42 per month ($353.00 annually).

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