Compare/Updated Oct 26, 2026, refreshed every trading day
SHV vs SGOV
iShares Trust iShares 0-1 Year Treasury Bond ETF against iShares 0-3 Month Treasury Bond ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
SHV and SGOV delivered nearly identical results over the period from Oct 28, 2022 to Oct 23, 2026. SGOV did slightly better, with $1,000 growing to $1,193 versus $1,192 for SHV, a 19.3% versus 19.2% total return. SGOV’s advantage came with a lower expense ratio of 0.09% versus 0.15% and substantially larger fund assets of $96B versus $23B. However, SHV had marginally lower recent volatility at 0.2% versus 0.3% and a smaller worst drawdown of -0.1% versus -0.3%. Performance leadership was inconsistent: SGOV won 27 of the last 48 months, while SHV won 21, with a typical monthly difference of just 0.02 points. The practical distinction is therefore modest: SGOV offered slightly better cumulative performance and lower costs, while SHV showed marginally lower recent risk.
- Price is above its 200-day average ($109); 50-day at $110.
- RSI 98, overbought. Supertrend says buy. ADX 59, so the trend is strong.
- Price is above its 200-day average ($99); 50-day at $100.
- RSI 72, overbought. Supertrend says buy. ADX 44, so the trend is strong.
Head to head
Which has returned more, SHV or SGOV?
SHV beat SGOV in 21 of the last 48 months; SGOV won the other 27. The typical monthly gap was 0.02 points.
Total return by period
Which is riskier?
SHV: Mar 13, 2023 to Mar 14, 2023; SGOV: Sep 29, 2026 to Oct 1, 2026
- 0.475
- correlation of daily moves, 4 years
- 0.47
- SHV move per 1% in SGOV
- 0.206
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 0.02 points.
When did they diverge?
| Month | SHV | SGOV | Gap |
|---|---|---|---|
| October 2026 | +0.3% | -0.0% | +0.31 pts |
| May 2023 | +0.3% | +0.4% | -0.09 pts |
| March 2023 | +0.5% | +0.4% | +0.08 pts |
| February 2023 | +0.3% | +0.4% | -0.07 pts |
Where the numbers come from. 1000 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with SHV and SGOV?
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