A head-to-head comparison of iShares 0-3 Month Treasury Bond ETF and Vanguard 0-3 Month Treasury Bill ETF covering yield, cost, risk, and income potential.
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.
Vanguard is known for offering low-cost, passively managed ETFs that emphasize broad market exposure and long-term investing. The company operates 175 ETFs across diverse fund families including Index, Bond, Equity, Dividend, Income, International, Factor, and ESG strategies, serving investors with various goals from core portfolio building to specialized income generation. Notable for its scale and popular tickers like VB (total U.S. small-cap), BND (total bond market), and VBIAX (international bonds), Vanguard focuses on providing comprehensive, index-based investment solutions with an emphasis on cost efficiency and accessibility.
See our curated list of related YouTube videos on VBIL.
Bottom lineSGOV and VBIL are nearly interchangeable — both offer very similar treasury bills exposure with very similar cost and risk. The clearest tie-breaker is cost: VBIL is cheaper at 0.06% vs 0.07%.
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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 VBIL (Vanguard 0-3 Month Treasury Bill ETF) are both monthly-pay dividend ETFs, but they take different approaches.
SGOV offers the higher yield at 3.53% vs 3.38% for VBIL. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
VBIL is cheaper with an expense ratio of 0.06% compared to 0.07%.
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 VBIL would produce $28.17/month, at current distribution rates. Both pay monthly distributions.
SGOV yield3.53%
VBIL yield3.38%
Monthly diff on $10K$1.25
Cost & efficiency
Over 10 years on $10,000, SGOV would cost approximately $70 in fees vs $60 for VBIL (simplified, not compounded). The $10.00 difference may be offset by yield or performance.
SGOV ER0.07%
VBIL ER0.06%
Strategy & risk
SGOV tracks ICE 0-3 Month US Treasury Securities Index with a treasury bond approach, while VBIL is an ETF.
SGOV beta-0.0029
VBIL beta-0.001
Fund details
SGOV is managed by iShares (launched 05/26/2020) with $95.2B in assets. VBIL is managed by Vanguard (launched 02/10/2025) with $8.93B in assets.
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Frequently asked questions
Is SGOV or VBIL 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 VBIL?
SGOV (iShares 0-3 Month Treasury Bond ETF) tracks ICE 0-3 Month US Treasury Securities Index with a treasury bond approach, while VBIL (Vanguard 0-3 Month Treasury Bill ETF) is an ETF. They are issued by iShares and Vanguard respectively.
Can I hold both SGOV and VBIL?
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 VBIL?
SGOV has an expense ratio of 0.07% while VBIL charges 0.06%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in SGOV vs VBIL generate?
At current rates, $10,000 in SGOV would generate roughly $29.42 per month ($353.00 annually). The same in VBIL would produce about $28.17 per month ($338.00 annually).
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