Fund index
SGOV
45 articles on this site analyse SGOV — 7 of them head-on.
Measured concentration
as of 2026-05-31SGOV reports 24 positions, but the weights make it behave like about 14.6 equally weighted ones. Computed by this site from the fund's SEC Form N-PORT filing — see what this measure does not tell you and the full table.
The same filing says what kind of price those positions carry: 0.86% of SGOV is held at a quoted market price, from a single issuer country . Comparisons across every fund are in the valuation table, and what a low share does and does not mean is worth reading before drawing a conclusion from it.
Every filing since 2020
25Between 2020-05-31 and 2026-05-31, SGOV went from behaving like 3.1 equally weighted positions to 14.6 — 371% more, while its top ten went from 99.11% to 72.36% of net assets. Read across the funds on the concentration-over-time table.
| Period | Holdings | Effective | Top 10 | Largest |
|---|---|---|---|---|
| 2026-05-31 | 24 | 14.6 | 72.36% | 10.14% |
| 2026-02-28 | 24 | 13.3 | 77.47% | 10.91% |
| 2025-11-30 | 24 | 14.4 | 74.2% | 11.16% |
| 2025-08-31 | 23 | 13.9 | 76.77% | 12.76% |
| 2025-05-31 | 24 | 12.9 | 80.2% | 10% |
| 2025-02-28 | 20 | 9.8 | 92.73% | 12.83% |
| 2024-11-30 | 19 | 10.7 | 88.91% | 12.33% |
| 2024-08-31 | 20 | 10 | 90.69% | 14.84% |
| 2024-05-31 | 19 | 9.8 | 91.74% | 14.7% |
| 2024-02-29 | 21 | 11.2 | 85.25% | 13.38% |
| 2023-11-30 | 19 | 11.5 | 82.71% | 13.87% |
| 2023-08-31 | 18 | 10.7 | 90.16% | 11.92% |
| 2023-05-31 | 18 | 9.6 | 94.34% | 15.42% |
| 2023-02-28 | 15 | 11.1 | 87.38% | 13.11% |
| 2022-11-30 | 13 | 10 | 92.55% | 15.31% |
| 2022-08-31 | 14 | 7.4 | 109.95% | 14.78% |
| 2022-05-31 | 12 | 7.1 | 111.02% | 14.89% |
| 2022-02-28 | 18 | 8.6 | 99.26% | 14.86% |
| 2021-11-30 | 13 | 8.6 | 97.35% | 14.71% |
| 2021-08-31 | 8 | 4.1 | 99.43% | 39.16% |
| 2021-05-31 | 18 | 6.5 | 98.93% | 23.39% |
| 2021-02-28 | 22 | 4.6 | 96.54% | 37.28% |
| 2020-11-30 | 9 | 2.3 | 105.71% | 61.62% |
| 2020-08-31 | 8 | 4.3 | 100% | 30.29% |
| 2020-05-31 | 5 | 3.1 | 99.11% | 47.99% |
One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.
Most often compared against
5Measures applied to it
8All articles
45-
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DBC vs PDBC vs GSG: What a Broad Commodity ETF Actually Holds — and Why Roll Yield Matters
All three hold futures, not physical barrels or bushels — so the return you receive is spot price movement plus (or minus) roll yield, and the roll term is...
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MUB vs BND: When Municipal Bonds Beat Taxable Bonds — The Tax-Equivalent Yield Math
On stated yield, BND (3.95%) pays more than MUB (3.16%) — but MUB's income is exempt from federal tax, so the honest comparison is the tax-equivalent yield,...
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TLT vs IEF vs SHY: Building a Treasury Duration Ladder for Different Rate Scenarios
TLT, IEF, and SHY charge the same 0.15% expense ratio, so this decision is not about cost — it is entirely about how much interest-rate duration you want to...
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XLV vs VHT: Two Ways to Own Healthcare — Concentration, Fees, and Defensive Behavior
XLV holds roughly 60 large-cap S&P 500 healthcare names; VHT holds around 400 across the full U.S. cap spectrum — the same sector, two different portfolios....
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A 2026 Rate-Cut Path: Bonds vs Cash When Yields Fall (SGOV vs BND)
The last five years rewarded cash (SGOV) and punished duration (BND) — but that record was set during a rate-hiking regime, and it is the wrong template for...
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Spot Bitcoin ETFs and the Long-Term Core: An Honest Assessment of Role and Risk
A spot Bitcoin ETF like IBIT solves the custody and access problem cleanly, but the wrapper does not change the underlying asset's risk profile — it still...
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VNQ vs SCHH: Two REIT Index ETFs — Holdings, Yield, and Realized Risk
VNQ and SCHH are both broad U.S. equity REIT index funds with nearly identical realized volatility (~18.8% vs ~18.7% over five years), so the decision...
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BND vs AGG: The Two Total-Bond Giants — Duration, Yield, and Tracking Difference
BND and AGG charge the identical 0.03% expense ratio, yield within two basis points of each other, and posted max drawdowns within 0.1 percentage points...
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GLD vs. DBMF: Gold vs. AI-Managed Managed Futures (Trend Following)
GLD compounded at roughly 20.0% per year over the past five years; DBMF at 8.5%. Reading that gap as "gold won" misunderstands what DBMF is built to do....
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The "All-Weather" AI Portfolio: Combining Diversification with Predictive Power
Dalio's "all-weather" idea is sound on its merits — risk-balanced exposure across four macro environments — and is implementable today with five or six...
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SGOV vs Gold ETFs: Two Defenses That Hedge Different Risks
SGOV and gold ETFs both get labelled "defensive," but they hedge different risks. SGOV defends against equity drawdowns by holding T-bill principal stable...
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Gold vs Bonds in 2026: Two Different Hedges, Two Different Risks
Gold and bonds get grouped as "safe havens", but they hedge different risks — real rates and fiat credibility for gold; nominal yields and growth...
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Interest Rate Cuts in 2026: What Happens to Stocks, Bonds, and Gold?
The Fed has already eased roughly 170 bp from the 2024 peak. With CPI back at 3.9% YoY and real policy rates now slightly negative, the textbook "rates...
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Reading 2026 Capital Flows: The Macro Arithmetic Behind the "Smart Money" Narrative
"Smart money" is mostly a narrative device. The honest version of the question is which 2026 capital flows are large and persistent enough to look...
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Roles Before Tickers: A Framework for Long-Horizon ETF Allocation
A durable long-horizon portfolio is a system of roles — broad equity, factor tilt, income/quality, defensive cash — not a list of favorite tickers. The five...
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The Arithmetic of a -30% Drawdown: Recovery Math, Allocation, and What the Data Actually Says
A -30% drawdown requires a +43% return to break even; -50% requires +100%. The asymmetry is the whole story. Across the 2021–2026 window, realized maximum...
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Asset Allocation in Practice: How 10% Weight Shifts Reshape Long-Term Outcomes
Across the trailing five years (2021-2026), a defensive blend (VOO 50 / SCHD 30 / SGOV 20) produced a roughly 10.1% blended CAGR, while a growth-tilted...
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The Rule of 72 in Practice: What Realized ETF Returns Say About Doubling Time
Applied to realized 5-year CAGRs, the Rule of 72 gives doubling estimates ranging from 4.1 years (QQQM) to 20.6 years (SGOV) — but that range collapses...
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How to Start ETF Investing: The Complete 2026 Roadmap
Starting an ETF portfolio is a sequence of four decisions — horizon, account type, allocation, rebalancing rule. Get that sequence right and the ticker...
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Hedging a Leveraged Sleeve: A Framework Built Before the Volatility Arrives
Hedging a leveraged equity sleeve is not the same problem as hedging an unleveraged one. Daily-reset products are path-dependent, so the shape of a drawdown...
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Infrastructure in a 30-Year Core: What the Data on XLU and PAVE Actually Shows
"Infrastructure" is two different factor exposures wearing one label: XLU is regulated-utility income, PAVE is industrial build-out cyclicality. Treating...
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Rebalancing After an AI Concentration Run: Where the Trimmed Capital Actually Belongs
Daryanani-style threshold bands (±15% of target) reduce rebalance frequency and tax drag versus naive calendar rebalancing — but only if the chosen...
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The Impact of 2026 Energy Policies on Your Long-Term Portfolio
Five thematic ways to express a 2026 energy-policy view — PAVE, GRID, NLR, XLU, VXUS — have produced very different 5-year returns, but the risk-adjusted...
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What SGOV and Gold Actually Do: A Quant Look at Defensive Assets in 2026
SGOV's five-year realized volatility is 0.2% and its worst drawdown was 0.03% — it behaves like cash with a yield, not like a "bond." The 3.9% distribution...
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Utilities in a Rate-Cut Cycle: What the AI Power Demand Story Does — and Doesn't — Justify
The "AI data center demand plus rate cuts equals utility re-rating" thesis is plausible — and largely consensus. Five-year realized data show utility ETFs...
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The 90/10 Allocation Framework: Pairing Broad Equity, AI Infrastructure, and a Cash Sleeve
The 90/10 template — 90% diversified equity, 10% short-duration Treasury cash — is best understood as a 100% equity policy with a rebalancing buffer, not a...
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Sizing an AI-Infrastructure Sleeve: VOO, QQQM, XLU, IFRA, and SGOV Through a Long-Horizon Lens
The "AI infrastructure" label sits across three different ETF wrappers — utilities (XLU), industrial buildout (IFRA), and the consuming software layer...
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Planning the Handoff: A Framework for Tax-Efficient Wealth Transfer
Tax-efficient wealth transfer is mostly a cost-basis problem: gift during life and you trade the step-up at death for decades of compounding in the...
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"The Curse of Sequence Risk" – Protecting Your 30-Year Plan from a Pre-Retirement Crash
Sequence-of-returns risk is path-dependent: identical 30-year averages produce wildly different outcomes once withdrawals start, because losses early in...
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The Boredom Plateau: Why Year 10 Tests More Portfolios Than the First Crash
The greatest risk to a 30-year portfolio isn't a crash; it's the quiet stretch around years five to ten when nothing dramatic happens and the holder reaches...
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Re-evaluating the 4% Rule: Sequence Risk, Yield, and Dynamic Withdrawal in 2026
The 4% rule was calibrated by Bengen (1994) on 1926-1976 US data. It never promised safety — only a ~95% historical success rate over a 30-year horizon,...
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Buy and Hold in 2026: What Rebalancing Discipline Actually Adds to Long-Term ETF Returns
Buy-and-hold is still the right base case for long-horizon ETF investors, but pure drift quietly converts a balanced portfolio into something the investor...
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SGOV and Gold in a 4.5% World: Rethinking the Defensive Sleeve for 2026
With SGOV's distribution yield at 3.9% and the 10-year Treasury at 4.47% (FRED, asof 2026-05-14), the opportunity cost of holding non-yielding gold is...
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XLE in a Long-Term Core: The Rebalancing Math Behind Cyclical Sector Sleeves
XLE's trailing 5-year CAGR of 22.3% sits roughly 840 basis points above VOO, but the same fund's 10-year CAGR is 10.7% — a regime readout, not a structural...
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Energy ETFs in the 2026 Hormuz Shock: When Geopolitical Risk Premia Show Up in Returns
XLE delivered a 22.3% five-year CAGR, but most of that compounded off the 2020 trough; the realized 10-year CAGR of 10.7% is a more honest through-cycle...
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SGOV, VOO, and QQQM Under Geopolitical Stress: What Oil, Yields, and Volatility Reveal
SGOV's effective duration near zero made it behave as designed during the recent oil-driven inflation scare — essentially flat while the equity sleeves...
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Iran–U.S. Conflict and Oil Markets: Why the Strait of Hormuz Matters for Global Investors
Roughly 20% of global petroleum liquids — about 20 million barrels per day — pass through a single 33 km channel, and bypass pipeline capacity is less than...
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Is It Better to Buy Gold ETF or Physical Gold in 2026? (Silver ETF vs Physical Silver Explained)
Gold ETFs (GLD, IAU, GLDM) and physical bullion are not interchangeable substitutes — they hedge different layers of risk, with different costs and a...
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SGOV's Role in a Long-Term Portfolio: Yield, Realized Risk, and the Cash Floor
SGOV is an $85B short-Treasury ETF that has compounded at 3.5% per year over its five-year live history with 0.2% annualized volatility and a max drawdown...
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Building a 2-Layer ETF Portfolio: Stability Below, Compounding Above
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VOO vs QQQM: Which ETF Is Better for Long-Term Investing in 2026?
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How to Build Long-Term Wealth with ETFs (Beginner Guide 2026)
Mentions are detected across the full text of every article, so an appearance may be a passing comparison rather than the subject. Nothing here is a recommendation to buy or sell — see the disclaimer.