- CUSIP
- 46436E718
- Issuer
- iShares
- Inception Date
- May 26, 2020
- Region
- North America (U.S.)
- Category
- Ultrashort Bond
- Leveraged
- 1x (No leverage)
- Index Tracked
- ICE 0-3 Month US Treasury Securities Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $92B
Share Price Chart
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Performance
SGOV Performance Chart
iShares 0-3 Month Treasury Bond ETF (SGOV) is up 1.6% since the beginning of the year. SGOV is currently trading at $100 per share. Investors who bought $1,000 worth of SGOV shares 5 years ago would now be looking at an investment worth $1,190.
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Returns By Period
iShares 0-3 Month Treasury Bond ETF (SGOV) has returned 1.55% so far this year and 3.97% over the past 12 months.
iShares 0-3 Month Treasury Bond ETF
- 1D
- 0.03%
- 1M
- 0.31%
- YTD
- 1.55%
- 6M
- 1.79%
- 1Y
- 3.97%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGOV Monthly Returns History
Based on dividend-adjusted daily data since May 28, 2020, SGOV's average daily return is +0.01%, while the average monthly return is +0.24%. At this rate, an investment would double in approximately 24.1 years.
Historically, 92% of months were positive and 8% were negative. The best month was Aug 2023 with a return of +0.5%, while the worst month was Jun 2021 at 0.0%. The longest winning streak lasted 53 consecutive months, and the longest losing streak was 2 months.
On a daily basis, SGOV closed higher 64% of trading days. The best single day was Jun 1, 2023 with a return of +0.1%, while the worst single day was Aug 23, 2022 at -0.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.29% | 0.28% | 0.29% | 0.30% | 0.30% | 0.08% | 1.55% | ||||||
| 2025 | 0.36% | 0.33% | 0.33% | 0.36% | 0.35% | 0.34% | 0.38% | 0.38% | 0.32% | 0.37% | 0.30% | 0.35% | 4.24% |
| 2024 | 0.44% | 0.45% | 0.42% | 0.44% | 0.48% | 0.40% | 0.45% | 0.47% | 0.42% | 0.41% | 0.39% | 0.39% | 5.27% |
| 2023 | 0.32% | 0.36% | 0.43% | 0.34% | 0.42% | 0.47% | 0.41% | 0.49% | 0.43% | 0.44% | 0.46% | 0.44% | 5.12% |
| 2022 | -0.00% | 0.01% | 0.03% | 0.03% | 0.04% | 0.08% | 0.05% | 0.22% | 0.24% | 0.20% | 0.30% | 0.38% | 1.58% |
| 2021 | 0.00% | 0.00% | -0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.04% |
Benchmark Metrics
iShares 0-3 Month Treasury Bond ETF has an annualized alpha of 4.03%, beta of -0.00, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since May 29, 2020.
- This ETF captured 8.09% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -13.06%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R2 of 0.03 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.03 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 4.03%
- Beta
- -0.00
- R²
- 0.03
- Upside Capture
- 8.09%
- Downside Capture
- -13.06%
Expense Ratio
SGOV has an expense ratio of 0.09%, which is considered low.
Return for Risk
Risk / Return Rank
SGOV ranks 100 for risk / return — in the top 100% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and compare them to S&P 500 Index.
| SGOV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 196.55 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 400.29 | — | — |
| Martin ratioReturn relative to average drawdown | 4,485.40 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
iShares 0-3 Month Treasury Bond ETF provided a 3.85% dividend yield over the last twelve months, with an annual payout of $3.87 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $3.87 | $4.12 | $5.12 | $4.88 | $1.45 | $0.03 | $0.05 |
Dividend yield | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares 0-3 Month Treasury Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.31 | $0.27 | $0.29 | $0.30 | $0.30 | $1.47 | ||||||
| 2025 | $0.00 | $0.36 | $0.31 | $0.35 | $0.34 | $0.36 | $0.35 | $0.36 | $0.36 | $0.35 | $0.35 | $0.64 | $4.12 |
| 2024 | $0.00 | $0.46 | $0.41 | $0.45 | $0.43 | $0.44 | $0.44 | $0.45 | $0.44 | $0.43 | $0.42 | $0.75 | $5.12 |
| 2023 | $0.00 | $0.39 | $0.28 | $0.36 | $0.39 | $0.43 | $0.42 | $0.44 | $0.43 | $0.41 | $0.43 | $0.90 | $4.88 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.02 | $0.02 | $0.04 | $0.07 | $0.12 | $0.17 | $0.16 | $0.24 | $0.61 | $1.45 |
| 2021 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares 0-3 Month Treasury Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares 0-3 Month Treasury Bond ETF was 0.03%, occurring on Aug 23, 2022. Recovery took 2 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -0.03%Aug 2022 | 0s | 2d | 2dAug 2022 - Aug 2022 |
2020 pullback2020 | -0.02%Sep 2020 | 4d | 1mo 4d | 1mo 8dAug 2020 - Oct 2020 |
2021 pullback2021 | -0.02%Nov 2021 | 5d | 8d | 13dNov 2021 - Nov 2021 |
2021 pullback2021 | -0.02%Aug 2021 | 12d | 21d | 1mo 3dAug 2021 - Sep 2021 |
2021 pullback2021 | -0.02%Mar 2021 | 0s | 1mo 4d | 1mo 4dMar 2021 - Apr 2021 |
Drawdown Indicators
| SGOV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -9.10% | +9.07% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.97% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -1.13% | +1.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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