Overview
BlackRock's answer to BIL: 0-3 month Treasury bills at a lower 0.09% fee, now the fastest-growing cash-management ETF in the market.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| 912797* | US Treasury Bills, 1-3 month ladder | 98.9% |
| CASH | Cash & equivalents | 1.1% |
Fund Details
Investment Thesis
SGOV does exactly what BIL does — hold the shortest, safest paper the US government issues — but charges 5 basis points less, which in a cash product is the entire competition. Launched into the zero-rate world of 2020, it exploded once the Fed began hiking and yield returned to cash. Its price mechanically saws between distribution dates and resets each month; the yield is the whole story.
Who It's For
The default cash-parking vehicle for cost-aware investors. Identical use cases to BIL — emergency funds at the broker, dry powder between trades, the risk-free sleeve of a portfolio — at a lower carrying cost.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | $95.77 | -- |
| 2021 | $95.86 | +0.1% |
| 2022 | $96.05 | +0.2% |
| 2023 | $96.82 | +0.8% |
| 2024 | $97.60 | +0.8% |
| 2025 | $98.18 | +0.6% |
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | -- |
| 2020 | 0.08% |
| 2021 | 0.04% |
| 2022 | 1.45% |
| 2023 | 4.65% |
| 2024 | 5.10% |
| 2025 | 3.79% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | $0.20B | -- |
| 2021 | $0.59B | +195.0% |
| 2022 | $1.8B | +205.1% |
| 2023 | $5.2B | +188.9% |
| 2024 | $16B | +207.7% |
| 2025 | $46B | +187.5% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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