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.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
F/m Investments operates a focused ETF lineup centered on fixed income and Treasury exposure, currently offering one fund under the U.S. Benchmark Series family. The firm's single offering, TBIL, targets investors seeking exposure to short-term Treasury bills and provides a straightforward approach to cash-equivalent and money market alternatives. As a specialized issuer with a narrow product range, F/m Investments concentrates on the short-duration fixed income niche rather than diversifying across multiple asset classes or strategies.
See our curated list of related YouTube videos on TBIL.
Most recently auctioned 3-month U.S. Treasury Bill (on-the-run security; not an index)
Objective
Treasury Bond
Seek investment results that correspond to the performance of the most recently auctioned 3-month U.S. Treasury bill ("on-the-run").
Asset class
Fixed Income
Equity
Inception date
05/26/2020
08/09/2022
Beta
-0.0029
-0.0021
Last dividend
$0.2960
$0.1469
Ex-dividend date
07/01/2026
06/29/2026
Bottom lineSGOV and TBIL 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%.
Most used
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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) and TBIL (US Treasury 3 Month Bill ETF) are both monthly-pay dividend ETFs, but they take different approaches.
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 TBIL tracks Most recently auctioned 3-month U.S. Treasury Bill (on-the-run security; not an 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 TBIL would produce $29.42/month, at current distribution rates. Both pay monthly distributions.
SGOV yield3.53%
TBIL yield3.53%
Monthly diff on $10K$0.00
Cost & efficiency
Over 10 years on $10,000, SGOV would cost approximately $70 in fees vs $150 for TBIL (simplified, not compounded). The $80.00 difference may be offset by yield or performance.
SGOV ER0.07%
TBIL ER0.15%
Strategy & risk
SGOV tracks ICE 0-3 Month US Treasury Securities Index with a treasury bond approach, while TBIL tracks Most recently auctioned 3-month U.S. Treasury Bill (on-the-run security; not an index) with a t bills approach.
SGOV beta-0.0029
TBIL beta-0.0021
Fund details
SGOV is managed by iShares (launched 05/26/2020) with $95.2B in assets. TBIL is managed by F/m Investments (launched 08/09/2022) with $7.23B in assets.
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Frequently asked questions
Is SGOV or TBIL 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 TBIL?
SGOV (iShares 0-3 Month Treasury Bond ETF) tracks ICE 0-3 Month US Treasury Securities Index with a treasury bond approach, while TBIL (US Treasury 3 Month Bill ETF) tracks Most recently auctioned 3-month U.S. Treasury Bill (on-the-run security; not an index) with a t bills approach. They are issued by iShares and F/m Investments respectively.
Can I hold both SGOV and TBIL?
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 TBIL?
SGOV has an expense ratio of 0.07% while TBIL 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 TBIL generate?
At current rates, $10,000 in SGOV would generate roughly $29.42 per month ($353.00 annually). The same in TBIL would produce about $29.42 per month ($353.00 annually).
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