SGOVvsPAYHETF Comparison
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iShares 0-3 Month Treasury Bond ETF (SGOV) belongs to the Money Market Bonds segment. TrueShares S&P Autocallable High Income ETF (PAYH) is part of the Options Strategies segment. Both ETFs have the same top 2 sector exposures: Sovereign and Non-Corporate. SGOV is less expensive with a Total Expense Ratio (TER) of 0.09%, versus 0.74% for PAYH. SGOV is up 2.56% year-to-date (YTD) with +$41.63B in YTD flows. PAYH performs better with 7.71% YTD performance, and +$26M in YTD flows. Run a side-by-side ETF comparison of SGOV and PAYH 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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SGOV vs PAYH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SGOV PAYH | +0.28%-3.33% | +0.91%-0.02% | +2.56%+7.71% | +3.75%n/a | +14.30%n/a | +20.20%n/a |
| Flows | SGOV PAYH | +$7.46B+$2M | +$15.12B+$455K | +$41.63B+$26M | +$52.64B- | +$95.51B- | +$109.44B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SGOV PAYH | +0.15%+14.63% | +0.14%n/a | +0.18%n/a | +0.19%n/a |
| Max drawdown | SGOV PAYH | n/a-4.74% | n/an/a | n/an/a | -0.01%n/a |
| Max drawdown duration | SGOV PAYH | n/a19d | n/an/a | n/an/a | 7dn/a |
Trading data
SGOV | PAYH | |
Last sale 9/17/2026 at 1:30 PM | $24.49 | |
| Previous close 09/16/2026 | $24.34 | |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 17, 2026
1-year trailing difference
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PAYH
is actively managed and doesn’t replicate an indexSGOV | PAYH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 1:30 PM
Live
Closed
SGOV | PAYH | |
|---|---|---|
| Last price | – | $24.49 |
| 1D performance | – | +0.62% |
| AuM | $110.32 B | $28.68 M |
| E/R | 0.09% | 0.74% |
Characteristics
SGOV | PAYH | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | iShares | TrueShares |
| Benchmark | ICE 0-3 Month US Treasury Securities Index | - |
| N° of holdings | 23 | 3 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 26, 2020 | December 29, 2025 |
| ESG | No | No |
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Exposure
Countries
SGOV
USA
106.92%
Other
-6.92%
PAYH
USA
90.09%
Other
9.91%
Sectors
SGOV
Sovereign
106.31%
Other
-6.31%
PAYH
Sovereign
88.59%
Other
11.41%
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Diversification
SGOV
Total weight of top 15 holdings out of 15
89.59%
PAYH
Total weight of top 3 holdings out of 3
90.09%
Top 15 holdings
Data as of July 31, 2026
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%
PAYH
USA, Bills 0% 11aug2026, USD (119D)
44.38%
USA, Bills 0% 17sep2026, USD (182D)
44.21%
State Street Institutional US Government Money Market Fund
1.50%
Frequently asked questions about SGOV and PAYH
How have the SGOV and PAYH ETFs performed in 2026?
As of September 16, 2026, SGOV is up 2.56% year-to-date (YTD), while PAYH has returned 7.71%. That puts PAYH better performer ahead so far this year.
Which ETF is attracting more investor money: SGOV or PAYH?
Year-to-date, the SGOV ETF saw +$41.63B in flows, compared to +$26M for PAYH.
Which ETF is bigger: SGOV or PAYH?
As of September 16, 2026, SGOV holds $110.32 B in assets under management (AUM), while PAYH manages $28.68 M.
What sectors do the SGOV and PAYH ETFs invest in?
SGOV leans toward sectors like Sovereign. Meanwhile, PAYH focuses on Sovereign.
What are the top holdings of the SGOV ETF and PAYH ETF?
SGOV top holdings include USA, Bills 0% 25aug2026, USD (119D), USA, Bills 0% 22sep2026, USD (119D) and USA, Bills 0% 18aug2026, USD (119D). PAYH holds in its top three: USA, Bills 0% 11aug2026, USD (119D), USA, Bills 0% 17sep2026, USD (182D) and State Street Institutional US Government Money Market Fund.
Which ETF is more diversified: SGOV or PAYH?
SGOV holds 23 securities with 89.59% of its assets in the top 15. PAYH has 3 securities.
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