##  [# SGOV Nears $100 Billion, a First for Ultra-Short Bond ETFs](/sections/features/sgov-nears-100-billion-first-ultra-short-bond-etfs) 

 

# SGOV Nears $100 Billion, a First for Ultra-Short Bond ETFs

 

 

The iShares Treasury bill fund has added $28.9 billion this year.



 

 

 

 

 [![sumit](/sites/default/files/styles/author_image_icon/public/2023-03/Sumit_0.png?itok=SO-7S5SH "sumit")](/authors/sumit-roy) 

[By Sumit Roy ](/authors/sumit-roy)

 Jul 13, 2026

 Edited by: ETF.com Staff

 

 

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The [**iShares 0-3 Month Treasury Bond ETF (SGOV)**](/sgov) is closing in on $100 billion in assets, a level no ultra-short-term bond ETF has reached.  
  
The fund holds $97.9 billion after pulling in $28.9 billion in net inflows this year, making it the largest fund in its category and the third-largest U.S.-listed fixed-income ETF overall, behind only the $160 billion [**Vanguard Total Bond Market ETF (BND)**](/bnd) and the $139 billion [**iShares Core U.S. Aggregate Bond ETF (AGG)**](/agg).  
  
And it may not stop at third. With nearly $8 trillion parked in money market funds, and SGOV pulling in cash far faster than BND or AGG, it's likely only a matter of time before it becomes the largest bond ETF of any kind.

## What SGOV Is

ETFs like SGOV are alternatives to money market funds—ultra-safe places to park cash and earn interest with almost no interest-rate risk. SGOV carries a 30-day SEC yield of 3.6% and charges 0.09%.  
  
The next-biggest fund in the category is the [**SPDR Bloomberg 1-3 Month T-Bill ETF (BIL)**](/bil), with $46.6 billion in assets and a 0.14% expense ratio.   
  
The [**Vanguard 0-3 Month Treasury Bill ETF (VBIL)**](/vbil), which launched last year and undercuts both on cost at 0.06%, has grown fast to nearly $10 billion.

 
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## No Interest Rate Risk

The appeal of these ETFs stem from what they avoid: interest rate risk. With bond yields climbing, SGOV's near-zero duration has kept it insulated from the price declines hitting longer-dated Treasurys (bond prices and yields move inversely).   
  
SGOV is up 1.9% year to date, versus a 0.5% gain for the [**iShares 1-3 Year Treasury Bond ETF (SHY)**](/shy) and losses of 1.1% and 1.4% for the [**iShares 7-10 Year Treasury Bond ETF (IEF)**](/ief) and [**iShares 20+ Year Treasury Bond ETF (TLT)**](/tlt), respectively.  
  
![](/sites/default/files/inline-images/TLTiefsgov.png)



 

 

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 [ Sumit Roy Senior ETF Analyst ](/authors/sumit-roy) 

 

 

  Sumit Roy is the senior ETF analyst for etf.com and author of (Don't) Invest Like a Pro. He creates a variety of content for the platform, including…   [View Bio](/authors/sumit-roy)

 



 

 


 Related Topics  [Fixed Income](http://www.etf.com/topics/fixed-income) 

 [Bond](http://www.etf.com/topics/bond) 

 [Ultra-Short Term](http://www.etf.com/topics/ultra-short-term)