Compare/Updated Oct 26, 2026, refreshed every trading day
TBIL vs SGOV
F/m US Treasury 3 Month Bill Fund against iShares 0-3 Month Treasury Bond ETF: 4 years of returns, risk and today’s technical read, from Kavout’s own data.
TBIL did slightly better over the period: $1,000 invested on October 28, 2022 grew to $1,195 versus $1,193 for SGOV, a 19.5% versus 19.3% total return. TBIL also led over one, three, and six months, YTD, one year, and three years, although the typical monthly difference was only 0.02 percentage points and TBIL won 25 of the last 48 months versus 23 for SGOV. Risk was broadly similar, with 12-month volatility of 0.3% for both. SGOV had the smaller worst drawdown at -0.3%, while TBIL’s was -0.0%. SGOV’s lower 0.09% expense ratio and much larger $96B asset base may matter more to investors prioritizing cost, scale, and liquidity; TBIL’s 0.15% expense ratio accompanied its marginally higher return.
- Price is above its 200-day average ($49); 50-day at $50.
- RSI 98, overbought. Supertrend says buy. ADX 100, 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, TBIL or SGOV?
TBIL beat SGOV in 25 of the last 48 months; SGOV won the other 23. The typical monthly gap was 0.02 points.
Total return by period
Which is riskier?
TBIL: Nov 14, 2022 to Nov 15, 2022; SGOV: Sep 29, 2026 to Oct 1, 2026
- 0.343
- correlation of daily moves, 4 years
- 0.41
- TBIL move per 1% in SGOV
- 0.250
- correlation, last 12 months
Month by month
Of the last 48 months. The typical gap was 0.02 points.
When did they diverge?
| Month | TBIL | SGOV | Gap |
|---|---|---|---|
| October 2026 | +0.3% | -0.0% | +0.30 pts |
| November 2022 | +0.4% | +0.3% | +0.09 pts |
| July 2023 | +0.3% | +0.4% | -0.05 pts |
| January 2024 | +0.4% | +0.4% | -0.05 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 TBIL and SGOV?
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