LTAXvsSGOVETF Comparison
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Nomura Tax-Free USA ETF (LTAX) belongs to the Municipal Bonds segment. iShares 0-3 Month Treasury Bond ETF (SGOV) is part of the Money Market Bonds segment. LTAX's top 1 sector exposures are Municipal. In contrast, SGOV's top sector exposures are Sovereign and Non-Corporate. LTAX is more expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.09% for SGOV. Run a side-by-side ETF comparison of LTAX and SGOV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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LTAX vs SGOV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | LTAX SGOV | -1.17%+0.30% | -2.06%+0.92% | n/a+2.43% | n/a+3.78% | n/a+14.37% | n/a+20.04% |
| Flows | LTAX SGOV | -+$7.06B | -+$16.26B | -+$38.15B | -+$50.89B | -+$92.76B | -+$106.01B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | LTAX SGOV | +3.49%+0.14% | n/a+0.14% | n/a+0.18% | n/a+0.19% |
| Max drawdown | LTAX SGOV | -3.22%n/a | n/an/a | n/an/a | n/a-0.01% |
| Max drawdown duration | LTAX SGOV | 58dn/a | n/an/a | n/an/a | n/a7d |
Trading data
LTAX | SGOV | |
Last sale 9/2/2026 at 1:30 PM | $24.36 | |
| Previous close 09/02/2026 | $24.41 | |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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LTAX
is actively managed and doesn’t replicate an indexLTAX | SGOV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
LTAX | SGOV | |
|---|---|---|
| Last price | $24.36 | – |
| 1D performance | -0.18% | – |
| AuM | $6.09 M | $106.70 B |
| E/R | 0.39% | 0.09% |
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Exposure
Countries
LTAX
USA
78.02%
Other
21.98%
SGOV
USA
106.92%
Other
-6.92%
Sectors
LTAX
Municipal
78.02%
Other
21.98%
SGOV
Sovereign
106.31%
Other
-6.31%
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Diversification
LTAX
Total weight of top 15 holdings out of 15
28.73%
SGOV
Total weight of top 15 holdings out of 15
89.59%
Top 15 holdings
Data as of July 31, 2026
LTAX
State of Washington, 5% 1feb2051, USD (2026C)
2.52%
New York Transitional Finance Authority, 5% 1feb2053, USD (2026)
2.47%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
2.33%
Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025)
2.09%
Puerto Rico, FRN 1nov2043, USD
1.89%
New Jersey Transportation Trust Fund Authority, 5.25% 15jun2041, USD (2024)
1.85%
Massachusetts Development Finance Agency, 5% 15feb2034, USD (2026A)
1.82%
Arizona Transportation Board, 5% 1jul2040, USD (2026)
1.77%
Minnesota Agricultural and Economic Development Board, 5.25% 1jan2054, USD (2024)
1.73%
Texas Transportation Finance Corp., 5.5% 1oct2055, USD (2025A)
1.73%
Greater Orlando Aviation Authority, 5.25% 1nov2034, USD (2025)
1.72%
US43233KAW45
1.71%
New York and New Jersey Port Authority, 5.25% 15aug2056, USD
1.71%
US63607YEY23
1.70%
New York Municipal Water Finance Authority, 5.25% 15jun2056, USD (2026)
1.70%
SGOV
USA, Bills 0% 25aug2026, USD (119D)
10.22%
USA, Bills 0% 22sep2026, USD (119D)
8.56%
USA, Bills 0% 18aug2026, USD (119D)
8.53%
USA, Bills 0% 29sep2026, USD (119D)
6.83%
USA, Bills 0% 4aug2026, USD (119D)
6.80%
USA, Bills 0% 1sep2026, USD (119D)
6.63%
USA, Bills 0% 15sep2026, USD (119D)
6.02%
USA, Bills 0% 29oct2026, USD (364D)
5.17%
USA, Bills 0% 1oct2026, USD (364D)
4.95%
USA, Bills 0% 11aug2026, USD (119D)
4.63%
USA, Bills 0% 6aug2026, USD (364D)
4.61%
USA, Bills 0% 20aug2026, USD (182D)
4.39%
USA, Bills 0% 10sep2026, USD (182D)
4.34%
USA, Bills 0% 15oct2026, USD (182D)
4.12%
USA, Bills 0% 17sep2026, USD (182D)
3.79%
Frequently asked questions about LTAX and SGOV
Which ETF is bigger: LTAX or SGOV?
As of September 2, 2026, LTAX holds $6.09 M in assets under management (AUM), while SGOV manages $106.70 B.
What sectors do the LTAX and SGOV ETFs invest in?
LTAX leans toward sectors like Municipal. Meanwhile, SGOV focuses on Sovereign.
What are the top holdings of the LTAX ETF and SGOV ETF?
LTAX top holdings include State of Washington, 5% 1feb2051, USD (2026C), New York Transitional Finance Authority, 5% 1feb2053, USD (2026) and Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD. SGOV holds in its top three: USA, Bills 0% 25aug2026, USD (119D), USA, Bills 0% 22sep2026, USD (119D) and USA, Bills 0% 18aug2026, USD (119D).
Which ETF is more diversified: LTAX or SGOV?
LTAX holds 86 securities with 28.73% of its assets in the top 15. SGOV has 23 securities and a top 15 weight of 89.59%.
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