SGOV vs USFR
iShares 0-3 Month Treasury Bond ETF vs WisdomTree Floating Rate Treasury Fund
Which is better, SGOV or USFR?
Short Term Government Bond against Ultrashort Term Bond.
SGOV has a lower expense ratio. SGOV led over 3Y, USFR over 1Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | SGOV | USFR |
|---|---|---|
| Expense Ratio | 0.09%Best | 0.15% |
| AUM | $106.0B | $18.8B |
| Dividend Yield | 3.79% | 3.75% |
| Holdings | 24 | 6 |
| YTD Return | +2.59% | +2.84%Best |
| 1Y Return | +3.74% | +4.09%Best |
| 3Y Return (annualized) | +4.54%Best | +4.49% |
| 5Y Return (annualized) | +3.76% | +3.83%Best |
| Volatility (annualized) | 0.7%Tie | 0.7%Tie |
| Max Drawdown | -0.3%Best | -0.4% |
| $10,000 over 5 years | $12,027 | $12,067Best |
| Fund Family | iShares by BlackRock (US) | WisdomTree Investments |
| Category | Fixed Income | Fixed Income |
| Style | Short Term Government Bond | Ultrashort Term Bond |
| Inception | May 26, 2020 | Feb 4, 2014 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 28, 2020 to Sep 21, 2026 (6.3 years).
SGOV vs USFR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 6.3 years both funds cover.
SGOV vs USFR Performance
iShares 0-3 Month Treasury Bond ETF (SGOV) is an ETF from iShares by BlackRock (US) and WisdomTree Floating Rate Treasury Fund (USFR) is an ETF from WisdomTree Investments. Over the past year SGOV returned +3.74% while USFR returned +4.09%. Year to date, SGOV is up 2.59% versus a gain of 2.84% for USFR.
Over three years, SGOV compounded at +4.54% per year against +4.49% for USFR; over five years the annualized figures are +3.76% and +3.83% respectively. Across the full 6-year window we track, USFR has the edge at +3.02% annualized vs +2.97%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SGOV and USFR have been equally volatile, both at 0.7% annualized.
The deepest peak-to-trough decline in our data was -0.3% for SGOV and -0.4% for USFR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
SGOV charges 0.09% per year while USFR charges 0.15%. On a $10,000 position that is $9 vs $15 annually, a gap of $6 per year that compounds over a long holding period. On income, SGOV currently yields 3.79% against 3.75% for USFR.
You are not choosing between two funds in isolation.
Whichever of SGOV and USFR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, SGOV or USFR?
SGOV has an expense ratio of 0.09% while USFR charges 0.15%. SGOV is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, SGOV or USFR?
Over the past year SGOV returned +3.74% vs +4.09% for USFR, so USFR leads on 1-year performance. Over the longest common window we track (6 years), SGOV annualized +2.97% vs +3.02% for USFR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, SGOV or USFR?
SGOV and USFR have been equally volatile, both at 0.7% annualized. Worst drawdown: SGOV -0.3% vs USFR -0.4%.
Should I hold both SGOV and USFR?
SGOV and USFR have a monthly-return correlation of 0.82, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, SGOV or USFR?
SGOV yields 3.79% while USFR yields 3.75%, so SGOV currently pays the higher dividend yield.
Is USFR better than SGOV?
SGOV has a lower expense ratio. SGOV led over 3Y, USFR over 1Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.