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SNSXX vs. SGOV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SNSXX vs. SGOV

Last updated Aug 1, 2026
Documentation

SNSXX (Schwab U.S. Treasury Money Fund) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both funds - SNSXX is a Money Market fund managed by Charles Schwab, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, SNSXX returned 1.44%/yr vs 3.66%/yr for SGOV. Their 0.03 correlation means their historical movements had little consistent relationship. SNSXX charges 0.34%/yr vs 0.09%/yr for SGOV.

Performance

SNSXX vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Schwab U.S. Treasury Money Fund (SNSXX) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SNSXX achieves a 1.68% return, which is significantly lower than SGOV's 2.11% return.

SNSXX

1D
0.00%
1M
0.00%
6M
1.39%
YTD
1.68%
1Y
3.31%
3Y*
2.41%
5Y*
1.44%
10Y*
—
ALL TIME*
1.39%

SGOV

1D
0.02%
1M
0.27%
6M
1.81%
YTD
2.11%
1Y
3.83%
3Y*
4.64%
5Y*
3.66%
10Y*
—
ALL TIME*
2.96%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

SGOV

iShares 0-3 Month Treasury Bond ETF
$1.83B$1.81B$2.03B

SNSXX

Schwab U.S. Treasury Money Fund
$0.00$0.00$0.00

SNSXX vs. SGOV - Yearly Performance Comparison

2026 (YTD)20252024202320222021
SNSXX
Schwab U.S. Treasury Money Fund		1.68%3.97%1.61%0.00%0.00%0.00%
SGOV
iShares 0-3 Month Treasury Bond ETF		2.11%4.24%5.27%5.12%1.58%0.02%

Correlation

The correlation between SNSXX and SGOV is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

-0.00

Correlation (3Y)
Balances recent behavior with more history.

-0.01

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.03

Correlation (All Time)
Calculated using the full available price history since May 25, 2021

0.03

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Schwab U.S. Treasury Money Fund

iShares 0-3 Month Treasury Bond ETF

Often compared with SNSXX:
SNSXX vs. SWVXXSNSXX vs. SPAXXSNSXX vs. VMFXXSNSXX vs. BILSNSXX vs. SWPPXSNSXX vs. VUSXXSNSXX vs. SPY
Often compared with SGOV:
SGOV vs. SPAXXSGOV vs. BILSGOV vs. SWVXXSGOV vs. USFRSGOV vs. VMFXXSGOV vs. VUSXXSGOV vs. SCHO

Return for Risk

SNSXX vs. SGOV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
SNSXX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SGOV
SGOV Risk / Return Rank: 100100
Overall Rank
SGOV Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
SGOV Sortino Ratio Rank: 100100
Sortino Ratio Rank
SGOV Omega Ratio Rank: 100100
Omega Ratio Rank
SGOV Calmar Ratio Rank: 100100
Calmar Ratio Rank
SGOV Martin Ratio Rank: 100100
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SNSXX vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Treasury Money Fund (SNSXX) and iShares 0-3 Month Treasury Bond ETF (SGOV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

SNSXXSGOVDifference
Sharpe ratioReturn per unit of total volatility
3.71
20.78

-17.07

Sortino ratioReturn per unit of downside risk

—

381.82

—

Omega ratioGain probability vs. loss probability

—

382.06

—

Calmar ratioReturn relative to maximum drawdown

—

389.90

—

Martin ratioReturn relative to average drawdown

—

6,177.21

—

SNSXX vs. SGOV - Sharpe Ratio Comparison

The current SNSXX Sharpe Ratio is 3.71, which is lower than the SGOV Sharpe Ratio of 20.78. The chart below compares the historical Sharpe Ratios of SNSXX and SGOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SNSXX vs. SGOV - Drawdown Comparison

The maximum SNSXX drawdown since its inception was 0.00%, smaller than the maximum SGOV drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SNSXX and SGOV.

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Drawdown Indicators

SNSXXSGOVDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-0.03%

+0.03%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-0.01%

+0.01%

Max Drawdown (3Y)

Largest decline over 3 years

0.00%

-0.01%

+0.01%

Max Drawdown (5Y)

Largest decline over 5 years

0.00%

-0.03%

+0.03%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

0.00%

0.00%

0.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

0.00%

0.00%

Volatility

SNSXX vs. SGOV - Volatility Comparison

The current volatility for Schwab U.S. Treasury Money Fund (SNSXX) is 0.00%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 0.05%. This indicates that SNSXX experiences smaller price fluctuations and is considered to be less risky than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SNSXXSGOVDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

0.05%

-0.05%

Volatility (6M)

Calculated over the trailing 6-month period

0.67%

0.13%

+0.54%

Volatility (1Y)

Calculated over the trailing 1-year period

1.04%

0.19%

+0.85%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.69%

0.24%

+0.45%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.68%

0.23%

+0.45%

SNSXX vs. SGOV - Expense Ratio Comparison

SNSXX has a 0.34% expense ratio, which is higher than SGOV's 0.09% expense ratio.

Dividends

SNSXX vs. SGOV - Dividend Comparison

SNSXX's dividend yield for the trailing twelve months is around 3.25%, less than SGOV's 3.79% yield.

PositionTTM202520242023202220212020
SGOV
iShares 0-3 Month Treasury Bond ETF		3.43%4.10%5.10%4.87%1.45%0.03%0.05%
SNSXX
Schwab U.S. Treasury Money Fund		3.25%3.88%1.59%0.00%0.00%0.00%0.00%

Frequently Asked Questions

SNSXX and SGOV have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SGOV has higher volatility (0.05%) compared to SNSXX (0.00%). In terms of maximum drawdown, SNSXX dropped 0.00% vs SGOV's -0.03%.

SGOV currently has the higher Sharpe Ratio (20.78 vs 3.71), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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