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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.
Seeks to track the investment results of an index composed of U.S. Treasury bonds with remaining maturities between one and twelve months. Provides ultra-safe, ultra-liquid short-term Treasury exposure.
Asset class
Fixed Income
Fixed Income
Inception date
05/26/2020
01/05/2007
Beta
-0.0029
0.01
Last dividend
$0.2960
$0.3190
Ex-dividend date
07/01/2026
07/01/2026
Bottom lineSGOV and SHV are nearly interchangeable — both offer very similar treasury bills exposure with very similar cost and risk. The clearest tie-breaker is cost: SGOV is cheaper at 0.07% vs 0.15%.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Quick verdict
SGOV (iShares 0-3 Month Treasury Bond ETF) is an ETF, while SHV (iShares Short Treasury Bond ETF) is a money market fund — they take fundamentally different approaches.
SGOV offers the higher yield at 3.53% vs 3.47% for SHV. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
SGOV is cheaper with an expense ratio of 0.07% compared to 0.15%.
They track different benchmarks: SGOV is linked to ICE 0-3 Month US Treasury Securities Index while SHV tracks ICE Short U.S. 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, SGOV would generate roughly $29.42/month, while SHV would produce $28.92/month, at current distribution rates. Both pay monthly distributions.
SGOV yield3.53%
SHV yield3.47%
Monthly diff on $10K$0.50
Cost & efficiency
Over 10 years on $10,000, SGOV would cost approximately $70 in fees vs $150 for SHV (simplified, not compounded). The $80.00 difference may be offset by yield or performance.
SGOV ER0.07%
SHV ER0.15%
Strategy & risk
SGOV tracks ICE 0-3 Month US Treasury Securities Index with a treasury bond approach, while SHV tracks ICE Short U.S. Treasury Securities Index with a money market approach. Beta is -0.0029 for SGOV and 0.01 for SHV, indicating SGOV is less volatile relative to the market.
SGOV beta-0.0029
SHV beta0.01
Fund details
SGOV is managed by iShares (launched 05/26/2020) with $95.2B in assets. SHV is managed by iShares (launched 01/05/2007) with $20.7B in assets.
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Frequently asked questions
Is SGOV or SHV better for dividend income?
It depends on your goals. SGOV currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between SGOV and SHV?
SGOV (iShares 0-3 Month Treasury Bond ETF) tracks ICE 0-3 Month US Treasury Securities Index with a treasury bond approach, while SHV (iShares Short Treasury Bond ETF) tracks ICE Short U.S. Treasury Securities Index with a money market approach. They are issued by iShares and iShares respectively.
Can I hold both SGOV and SHV?
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, SGOV or SHV?
SGOV has an expense ratio of 0.07% while SHV charges 0.15%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in SGOV vs SHV generate?
At current rates, $10,000 in SGOV would generate roughly $29.42 per month ($353.00 annually). The same in SHV would produce about $28.92 per month ($347.00 annually).
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