What does the expense ratio difference between SGOV and TFLO mean for investors?

SGOV has a 0.09% expense ratio, while TFLO charges 0.15%. This 0.06 percentage point difference means TFLO costs more annually. Over time, these costs reduce net returns. While small, fee differences matter in low-yield environments. Investors should consider how such costs affect long-term wealth, especially when comparing similar short-term government bond ETFs.

How do SGOV and TFLO differ in their underlying index exposure?

Both ETFs fall under the Ultrashort Bond category, yet their exact index tracked information is unavailable in the provided data. Typically, ultrashort bond funds invest in very short-duration treasuries, but without full index details, we cannot confirm if they track the same or different benchmarks. This makes precise comparison of their strategies more difficult.

What does a dividend yield indicate in ETFs like SGOV and TFLO?

SGOV has a dividend yield of 3.69%, and TFLO yields 3.74%. Dividend yield reflects the income generated relative to the fund's price. These yields stem from interest payments on short-term government securities. A slightly higher yield on TFLO may indicate marginally greater income potential from its floating-rate structure, which adjusts with prevailing short-term rates.

What does the inception date tell you about a fund's longevity?

SGOV launched on May 26, 2020, while TFLO started on February 3, 2014. This means TFLO has a longer track record of over six more years. A longer history provides more data points to assess how the fund performed across different market cycles. This can offer better insight into its resilience during interest rate changes.

What does it mean if index information is unavailable for a fund?

If index information is unavailable, we cannot compare the precise benchmark to see if the fund has actively beaten it or tracked it exactly.

What does the difference in net assets imply for ETF investors?

SGOV holds $110.9 billion in net assets compared to TFLO's $6.9 billion. Generally, a fund with larger net assets offers higher liquidity, facilitating easier trading for larger institutional investors. However, both funds are large enough to ensure reasonable liquidity for the average retail investor.

Why are top holdings data unavailable for these ETFs?

Top holdings data is unavailable for both SGOV and TFLO in the provided data set. This prevents investors from verifying if there is any overlap in the specific treasury instruments held. Transparency is key to risk assessment; without this information, investors must rely on the fund's category and yield for basic insights.

How do the dividend yields of SGOV and TFLO compare?

SGOV has a dividend yield of 3.69%, while TFLO offers 3.74%. TFLO yields slightly more than SGOV. This yield reflects current short-term rates and the nature of floating-rate notes held by TFLO, which adjust with prevailing market interest rates. Both funds provide similar income potential based on these figures.

How do the two ETFs compare in terms of their expense ratios?

SGOV charges a 0.09% expense ratio, which is competitive for an ultrashort bond ETF. In contrast, TFLO has an expense ratio of 0.15%. Both funds maintain low costs compared to actively managed funds, but SGOV offers a lower fee structure. Investors should consider this difference when evaluating cost-effectiveness.

What investing goal is associated with SGOV?

SGOV is an ultrashort bond ETF with a low 0.09% expense ratio. It typically aligns with a goal of capital preservation and liquidity. With a dividend yield of 3.69%, it may serve investors seeking stable cash flow from short-term government bonds, though this reflects current rates rather than long-term performance.

Which fund has a lower expense ratio, and how does this impact costs?

SGOV has a lower expense ratio of 0.09%, compared to TFLO's 0.15%. This means SGOV will deduct 0.06 percentage points less from total assets annually. In dollar terms, if two investors hold the same amount for a year, the SGOV holder will effectively pay 0.06% less in management fees.

How does TFLO's dividend yield compare to SGOV's?

TFLO's dividend yield of 3.74% slightly exceeds SGOV's 3.69%. This small difference of 0.05% may reflect the floating-rate nature of TFLO's holdings, which adjust to current interest rates. While both are income-generating instruments, TFLO currently offers a marginally higher payout yield based on the provided data.

SGOV vs TFLO

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare SGOV and TFLO, both iShares ultrashort bond ETFs, reviewing fees, holdings, dividends and market tracking. SGOV has a 0.09% expense ratio; TFLO charges 0.15%. Top holdings and sector weights are not available for either. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

SGOV

Metric

TFLO

0.09%

Expense Ratio

0.15%

3.69%

Dividend Yield

3.74%

$110.87B

Net Assets

$6.90B

Holdings

May 26, 2020

Inception Date

Feb 3, 2014

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Index Tracked

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Ultrashort Bond

Fund Category

Ultrashort Bond

SGOV costs about $6.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

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Investment Analysis

SGOV

Pros

SGOV has a competitive 0.09% expense ratio for ultrashort bond funds.
Net assets of $110.9 billion indicate high liquidity.
Dividend yield of 3.69% reflects current short-term rates.

Considerations

Tracked index details are not available for verification.
Top holdings are not disclosed in the supplied data.
Sector weights are not available for risk assessment.

TFLO

Pros

TFLO has operated since February 2014, providing a long history.
Net assets of $6.9 billion ensure reasonable liquidity.
Dividend yield of 3.74% slightly exceeds ultrashort alternatives.

Considerations

Expense ratio of 0.15% is higher than many competitors.
Tracked index information is not available in the provided data.
Top holdings and sector weights are not disclosed.

About SGOV and TFLO

SGOV (SGOV)

The iShares 0-3 Month Treasury Bond ETF (SGOV) is an exchange-traded fund designed to provide exposure to U.S. Treasury bills with very short maturities, typically less than three months. This asset class is often viewed as a low-risk option for investors seeking liquidity and capital preservation rather than significant growth. With an expense ratio of just 0.09%, it offers a cost-effective way to hold cash-equivalent securities. The fund currently has substantial net assets of USD 110.87 billion and a dividend yield of 3.69%. As of its inception on 26 May 2020, it has attracted investors looking for a safe haven during periods of market volatility. While it generally carries lower risk than long-term bonds or equities, it is important to remember that capital values can fluctuate. It serves primarily as a defensive tool within a diversified portfolio, allowing investors to earn interest on idle cash with minimal duration risk.

TFLO (TFLO)

The iShares Treasury Floating Rate Bond ETF (TFLO) is an exchange-traded fund designed to provide exposure to U.S. Treasury floating rate notes. As an ultrashort bond category fund, it seeks to track the performance of an index composed of Treasury securities with interest rates that reset periodically, typically every three months. With a modest expense ratio of 0.15%, the fund holds a concentrated portfolio of approximately 10 holdings, reflecting the specific nature of its underlying securities. It reported net assets of USD 6.90 billion and a dividend yield of 3.74% as of recent data. Investors might consider this fund for its potential to offer income that adjusts with prevailing short-term interest rates, potentially providing some protection against rate volatility compared to fixed-rate bonds. However, remember that capital values and income distributions can fluctuate, and returns are not guaranteed. It is generally suited for those seeking short-term liquidity and income exposure within the government bond market, subject to appropriate risk tolerance and suitability assessment.

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SGOV vs TFLO

Fund Snapshot