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SGVT vs VTG

Schwab Government Money Market ETF

SGVTBNYSE Arca

Vanguard Total Treasury ETF

VTGANYSE Arca

Overlap

0.0%by weight

Expense ratio

VTG −0.25pt a year

SGVT0.28%VTG0.03%

Avg volume · 30D

SGVT 5.8×the volume

SGVT277KVTG48.1K

SGVT vs VTG Performance

Oct 31, 2025 – Oct 30, 2026

+3.5%SGVT−0.3%VTG

Oct 31, 2025 to Oct 30, 2026. SGVT +3.5%. VTG −0.3%. Use the arrow keys to read each point.−2%−1%1%2%Oct 2025Apr 2026Oct 2026
Expense ratio
SGVT 0.28%
VTG 0.03%, better
Fund size
SGVT $1.07B
VTG $228M
1Y total return
SGVT +3.5%, better
VTG −0.3%
Yield (12M)
SGVT 3.33%
VTG 3.76%, better
Holdings
SGVT 240
VTG 289
Avg volume (30D)
SGVT 277K sh, better
VTG 48.1K sh
NAV per share
SGVT $100.82
VTG $73.68
52W range

ETF.net Grade

SGVT: Cost 27, Risk 65, Mission 100, Tradability 85, Holdings 65, Durability 53. VTG: Cost 97, Risk 40, Mission 96, Tradability 39, Holdings 77, Durability 54.
Pillar letters and Scores for SGVT, VTG, with each pillar’s weight
PillarSGVTVTG
Cost30% weightD27A97Higher
Mission25% weightA100HigherA96
Risk15% weightB65HigherC40
Tradability15% weightA85HigherD39
Holdings10% weightB65A77Higher
Durability5% weightC53C54Higher

Rank among US Treasury & Government funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SGVT and VTG are both graded against the same 16 US Treasury & Government funds, so their Grades compare head to head.

US Treasury & Government⁠

Category · 16 funds
See all 16 ›

VTG ranks 3rd and SGVT 5th of 16 funds in the US Treasury & Government Category.

  1. Rank 1AGOVTiShares U.S. Treasury Bond ETFScore 79
  2. Rank 2ASPTBState Street SPDR Portfolio Treasury ETFScore 78
  3. Rank 3AVTGVanguard Total Treasury ETFScore 75
  4. Rank 4BFLGVFranklin U.S. Treasury Bond ETFScore 67
  5. Rank 5BSGVTSchwab Government Money Market ETFScore 64
  6. Rank 6BVGVTVanguard Government Securities Active ETFScore 61

Our read on each fund

ETF.net Research

SGVTBSchwab Government Money Market ETF

VTGAVanguard Total Treasury ETF

In short

SGVT Schwab 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.

VTG One ticker for the whole Treasury curve. Vanguard's 2025 answer to the do-it-yourself stack of short, intermediate and long Treasury funds: a single index fund covering the market at three basis points.

Stated mandate

SGVT 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.

VTG The fund aims to track the performance of an index representing the broad U.S. Treasury bond market.

Why people hold it

  • SGVT 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.
  • VTG Costs 0.03% a year, about a quarter of the typical fee in its Treasury peer group, and it lands in the top tier of that cohort on build quality.
  • Does the job of a three-fund short/intermediate/long stack in one holding, tracking the Bloomberg U.S. Treasury Total Return Unhedged USD Index across maturities.vanguard.com
  • Plain Treasuries only: no credit sleeve, no currency hedge, no active tilts, with income paid out monthly.

Worth knowing

  • SGVT 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.
  • VTG Whole-curve exposure means long maturities are in the mix, so the share price moves with interest rates more than a short-term Treasury fund would.vanguard.com
  • A July 2025 launch, so it is still a small fund that trades lightly next to decade-old Treasury ETFs. Wider bid-ask spreads are the trade-off.
  • The index begins at one year to maturity, so T-bills and cash-like exposure sit outside it. Vanguard parks that end of the curve in separate funds such as VGUS.stockanalysis.com

Full SGVT profile⁠

Full VTG profile⁠

SGVT vs VTG Holdings

How SGVT and VTG differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of SGVT and 0.0% of VTG.

Level by level

  • Asset classCash, Fixed Income0.0%
  • Holdings0 in both0.0%
  • Countryby domicile100%

Sector

No Sector split for SGVT and VTG.

Country, concentration and asset class

Country by domicile

Country weights in SGVT and VTG, widest gap first
CountryMore in SGVTMore in VTG
United StatesSame weight

Concentration

Weight in the 10 largest Holdings

  • SGVT43.7%
  • VTG8.6%

Securities held

  • SGVT240
  • VTG286

Asset class

SGVT
Cash
VTG
Fixed Income

Holdings

  • Only in SGVT240
  • In both0
  • Only in VTG286

Only in SGVT

240 securities, 100% of SGVT by weight

  • Tri-Party Jp Morgan Securities Llc 3.93% 10/30/20266.37%
  • Tri-Party Wells Fargo Securities L 3.93% 10/30/20266.09%
  • Tri-Party Ficc Jpms 3.92% 10/30/20266.00%

Only in VTG

286 securities, 99.5% of VTG by weight

  • United States Treasury Note/Bond 4.63% 02/15/20350.90%
  • United States Treasury Note/Bond 4.25% 11/15/20340.89%
  • United States Treasury Note/Bond 4.38% 05/15/20340.88%

Weight gaps

SGVT and VTG share no securities.

All SGVT holdings⁠All VTG holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SGVT vs VTG Cost

Overpaying SGVT vs VTG

$5,117

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SGVT 0.28%

    $5,755

  • VTG 0.03%

    $638

$10,000
30 years

Cost over time

  • SGVT 0.28%
  • VTG 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530SGVT $5,755VTG $638

Year by year

YearSGVTVTGOverpaying
10$509$55$454
20$1,976$216$1,760
30$5,755$638$5,117

Expense ratio

  • 0.28%SGVT
  • 0.03%VTG, cheaper
  • Middle half of US Treasury & Government funds
  • Median 0.15%

VTG cheapest of 16 funds

SGVT 12th cheapest of 16 funds

SGVT vs VTG Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SGVT 3.33%
VTG 3.76%, better
Payout (12M)
SGVT $3.36
VTG $2.77
Last payment
SGVT $0.29
VTG $0.25
Ex-dividend
SGVT Oct 1, 2026
VTG Oct 1, 2026
Paid on
SGVT Oct 7, 2026
VTG Oct 5, 2026
Frequency
SGVT Monthly
VTG Monthly

Distribution history

Per share, 2025 to 2026, same scale for both

SGVTMonthly · 16 paymentsAll SGVT payments⁠
One bar per payment. 16 payments from 2025 to 2026 YTD. Jul 1, 2025 $0.13; Aug 1, 2025 $0.27; Sep 2, 2025 $0.24; Oct 1, 2025 $0.26; Nov 3, 2025 $0.29; Dec 1, 2025 $0.26; Dec 19, 2025 $0.29; Feb 2, 2026 $0.32; Mar 2, 2026 $0.26; Apr 1, 2026 $0.25; May 1, 2026 $0.28; Jun 1, 2026 $0.29; Jul 1, 2026 $0.27; Aug 3, 2026 $0.29; Sep 1, 2026 $0.27; Oct 1, 2026 $0.29. Use the arrow keys to read each point.$0$0.252026YTD
VTGMonthly · 15 paymentsAll VTG payments⁠
One bar per payment. 15 payments from 2025 to 2026 YTD. Aug 1, 2025 $0.19; Sep 2, 2025 $0.19; Oct 1, 2025 $0.23; Nov 3, 2025 $0.18; Dec 1, 2025 $0.22; Dec 18, 2025 $0.24; Feb 2, 2026 $0.24; Mar 2, 2026 $0.23; Apr 1, 2026 $0.24; May 1, 2026 $0.23; Jun 1, 2026 $0.21; Jul 1, 2026 $0.24; Aug 3, 2026 $0.24; Sep 1, 2026 $0.25; Oct 1, 2026 $0.25. Use the arrow keys to read each point.$0$0.252026YTD

SGVT vs VTG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SGVT 0.1%since Jul 2025VTG 4.2%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
SGVT −2.87since Jul 2025VTG −0.46since Aug 2025
Worst fallMax drawdown, 5 years
SGVT −0.03%since Jun 2025VTG −4.5%since Jul 2025
Market sensitivityBeta, 5 years
SGVT 0.01VTG 0.06

Popular comparisons

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