Schwab Government Money Market ETF
$100.70+0.01 (+0.01%)
- Expense ratio
- 0.28%
- Fund size
- $992M
- 1Y return
- +3.5%
- Yield · Last 12 months
- 3.31%
- Volume · 30D
- 0.3M sh
- NAV per share
- $100.68
- 52W range
The ETF.net SGVT Grade
Score 64 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 27Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 65Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 85Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 63Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 51Category rank
Our read on SGVT
BSchwab took the money market fund, that boring cash staple, and put it in an ETF wrapper: actively run short government paper (T-bills, agency debt, collateralized repo), traded through the day, income paid monthly.
The fund seeks current income while emphasizing capital preservation and liquidity. It pursues this objective by investing in U.S. government securities, including Treasury bills and notes and related agency obligations.
Why people hold it
- Fully transparent active management of short government paper: Treasury bills and notes, agency obligations and collateralized repo, aimed at income with capital preservation.schwabassetmanagement.com
- Cash management you can trade like a stock: bought and sold on an exchange during the session, with income distributed monthly.etf.com
- Schwab is no tourist in cash. Its government money market mutual funds are long-running staples; this is the firm's first exchange-traded version of that job.etftrends.com
- The portfolio does what the label says, sticking to the US government cash mandate, and it sits in the upper half of its Treasury and government bond peer group.
Worth knowing
- At 0.28%, the fee runs more than double the 0.12% median of its bond peer group, and plain ultra-short Treasury funds like VGUS charge 0.07%. On cash, fees are felt.
- It is not a traditional money market fund. There is no stable $1 share price and no guarantee: NAV floats with market value, and the market price can drift from it.etf.com
- The fund opened in June 2025, so the track record is short and has not spanned a full rate cycle yet.
SGVT Holdings
- Other
- —
- 42%
- TRI-PARTY JP MORGAN SECURITIES LLC 3.83% 09/18/2026
Geography
- United States100.00%
SGVT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | SGVT |
|---|---|
| Year to date | +2.4% |
| 1 month | +0.3% |
| 3 months | +0.9% |
| 1 year | +3.5% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | SGVT |
|---|---|---|
| 2026 YTD | +2.4% | |
| 2025 | +2.2% |
SGVT in the news
ETF.net Research hasn’t filed on SGVT yet — coverage lands here as it’s written.
SGVT Dividends
- 3.31%
- $3.33
- $0.27 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.27 |
| Aug 3, 2026 | Aug 7, 2026 | $0.29 |
| Jul 1, 2026 | Jul 8, 2026 | $0.27 |
| Jun 1, 2026 | Jun 5, 2026 | $0.29 |
| May 1, 2026 | May 7, 2026 | $0.28 |
| Apr 1, 2026 | Apr 8, 2026 | $0.25 |
| Mar 2, 2026 | Mar 6, 2026 | $0.26 |
| Feb 2, 2026 | Feb 6, 2026 | $0.32 |
| Dec 19, 2025 | Dec 26, 2025 | $0.29 |
| Dec 1, 2025 | Dec 5, 2025 | $0.26 |
| Nov 3, 2025 | Nov 7, 2025 | $0.29 |
| Oct 1, 2025 | Oct 7, 2025 | $0.26 |
SGVT Risk
- 0.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −2.65
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.03%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.01
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SGVT Cost
- The middle half of US Treasury & Government funds
- Median 0.15%
11 of the 16 US Treasury & Government funds charge less.