SGVTvsTLTWETF Comparison

ETF 1

SGVT

Schwab Government Money Market ETF

This fund is part of

Money Market Bonds

-0%

Full SGVT fund page

ETF 2

TLTW

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

This fund is part of

Options Strategies

-0.47%

Full TLTW fund page

Schwab Government Money Market ETF (SGVT) belongs to the Money Market Bonds segment. iShares 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW) is part of the Options Strategies segment. SGVT's top 2 sector exposures are Government Agencies and Sovereign. In contrast, TLTW's top sector exposures are Sovereign and Non-Corporate. SGVT is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.35% for TLTW. SGVT is up 2.27% year-to-date (YTD) with +$469M in YTD flows. TLTW performs worse with -0.98% YTD performance, and +$299M in YTD flows. Run a side-by-side ETF comparison of SGVT and TLTW 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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SGVT vs TLTW performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 09/01/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	SGVT TLTW	+0.27%+0.15%	+0.86%-2.39%	+2.27%-0.98%	+3.58%+3.94%	n/a+4.46%	n/an/a
Flows	SGVT TLTW	+$43M-$9M	+$192M-$61M	+$469M+$299M	+$801M+$662M	-+$1.59B	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	SGVT TLTW	+0.13%+8.53%	+0.13%+8.20%	n/a+10.21%	n/an/a
Max drawdown	SGVT TLTW	n/a-5.59%	n/a-6.44%	n/a-11.15%	n/an/a
Max drawdown duration	SGVT TLTW	n/a64d	n/a184d	n/a332d	n/an/a

Trading data

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	SGVT	TLTW
Last sale 9/2/2026 at 1:30 PM	$100.52	$21.14
Previous close 09/01/2026	$100.50	$21.25
Consolidated volume 09/01/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 31, 2026

1-year trailing difference

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SGVT

is actively managed and doesn’t replicate an index

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	SGVT	TLTW
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 9/2/2026 at 1:30 PM

Live

Closed

	SGVT	TLTW
Last price	$100.52	$21.14
1D performance	+0.02%	-0.52%
AuM	$901.50 M	$1.82 B
E/R	0.28%	0.35%

Characteristics

	SGVT	TLTW
Management strategy	Active	Passive
Provider	Schwab ETFs	iShares
Benchmark	-	Cboe TLT 2% OTM BuyWrite Index
N° of holdings	90	47
Asset class	-	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	June 12, 2025	August 18, 2022
ESG	No	No

More SGVT data on Trackinsight

More TLTW data on Trackinsight

Exposure

Countries

SGVT

USA

98.1%

Other

1.9%

TLTW

USA

100.11%

Other

-0.11%

Sectors

SGVT

Government Agenci.

70.12%

Sovereign

27.98%

Other

1.9%

TLTW

Sovereign

99.94%

Other

0.06%

Diversification

SGVT

Total weight of top 15 holdings out of 15

42.74%

TLTW

Total weight of top 15 holdings out of 15

59.48%

Top 15 holdings

Data as of July 31, 2026

SGVT

USA, Notes 4.125% 28feb2027, USD (AY-2027)

7.61%

FHLB, FRN 16feb2027, USD

3.80%

USA, Notes FRN 31oct2027, USD (BK-2027)

3.33%

FHLB, FRN 6apr2028, USD (8891)

2.85%

Federal Farm Credit Banks, FRN 6apr2028, USD

2.85%

FHLB, 4% 1jun2027, USD (MU-8027)

2.85%

FHLB, 1% 26aug2026, USD (MG-9026)

2.85%

USA, Notes 2.375% 15may2027, USD (C-2027)

2.81%

Fannie Mae, FRN 6apr2028, USD

2.38%

Federal Farm Credit Banks, FRN 21jan2028, USD

1.90%

FHLB, FRN 30mar2028, USD (8869)

1.90%

FHLB, FRN 21jul2028, USD

1.90%

Federal Farm Credit Banks, FRN 17feb2027, USD

1.90%

Federal Farm Credit Banks, FRN 15oct2026, USD

1.90%

FHLB, 4% 4jun2027, USD (MY-8027)

1.90%

TLTW

USA, Bonds 4.125% 15aug2053, USD

4.68%

USA, Bonds 4.75% 15nov2053, USD

4.55%

USA, Bonds 4.75% 15may2055, USD

4.51%

USA, Bonds 4.625% 15may2054, USD

4.45%

USA, Bonds 4.25% 15feb2054, USD

4.12%

USA, Bonds 4.75% 15feb2056, USD

4.04%

USA, Bonds 4.25% 15aug2054, USD

4.03%

USA, Bonds 3.625% 15may2053, USD

3.90%

USA, Bonds 4.625% 15feb2055, USD

3.89%

USA, Bonds 2% 15aug2051, USD

3.80%

USA, Bonds 4.5% 15nov2054, USD

3.79%

USA, Bonds 1.875% 15nov2051, USD

3.78%

USA, Bonds 4% 15nov2052, USD

3.66%

USA, Bonds 4.625% 15nov2055, USD

3.24%

USA, Bonds 3.625% 15feb2053, USD

3.04%

Frequently asked questions about SGVT and TLTW

How have the SGVT and TLTW ETFs performed in 2026?

As of September 1, 2026, SGVT is up 2.27% year-to-date (YTD), while TLTW has lost -0.98%. That puts SGVT better performer ahead so far this year.

Which ETF is attracting more investor money: SGVT or TLTW?

Year-to-date, the SGVT ETF saw +$469M in flows, compared to +$299M for TLTW.

Which ETF is more volatile: SGVT or TLTW?

Over the past year, SGVT had a volatility of 0.13%, while TLTW experienced 8.2%.

Which ETF is bigger: SGVT or TLTW?

As of September 1, 2026, SGVT holds $901.50 M in assets under management (AUM), while TLTW manages $1.82 B.

What sectors do the SGVT and TLTW ETFs invest in?

SGVT leans toward sectors like Government Agencies and Sovereign. Meanwhile, TLTW focuses on Sovereign.

What are the top holdings of the SGVT ETF and TLTW ETF?

SGVT top holdings include USA, Notes 4.125% 28feb2027, USD (AY-2027), FHLB, FRN 16feb2027, USD and USA, Notes FRN 31oct2027, USD (BK-2027). TLTW holds in its top three: USA, Bonds 4.125% 15aug2053, USD, USA, Bonds 4.75% 15nov2053, USD and USA, Bonds 4.75% 15may2055, USD.

SGVTvsTLTWETF Comparison

Schwab Government Money Market ETF

iShares 20+ Year Treasury Bond BuyWrite Strategy ETF

SGVT vs TLTW performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the SGVT and TLTW ETFs performed in 2026?

As of September 1, 2026, SGVT is up 2.27% year-to-date (YTD), while TLTW has lost -0.98%. That puts SGVT better performer ahead so far this year.

Which ETF is attracting more investor money: SGVT or TLTW?

Year-to-date, the SGVT ETF saw +$469M in flows, compared to +$299M for TLTW.

Which ETF is more volatile: SGVT or TLTW?

Over the past year, SGVT had a volatility of 0.13%, while TLTW experienced 8.2%.

Which ETF is bigger: SGVT or TLTW?

As of September 1, 2026, SGVT holds $901.50 M in assets under management (AUM), while TLTW manages $1.82 B.

What sectors do the SGVT and TLTW ETFs invest in?

SGVT leans toward sectors like Government Agencies and Sovereign. Meanwhile, TLTW focuses on Sovereign.

What are the top holdings of the SGVT ETF and TLTW ETF?

SGVT top holdings include USA, Notes 4.125% 28feb2027, USD (AY-2027), FHLB, FRN 16feb2027, USD and USA, Notes FRN 31oct2027, USD (BK-2027). TLTW holds in its top three: USA, Bonds 4.125% 15aug2053, USD, USA, Bonds 4.75% 15nov2053, USD and USA, Bonds 4.75% 15may2055, USD.

Which ETF is more diversified: SGVT or TLTW?

SGVT holds 93 securities with 42.74% of its assets in the top 15. TLTW has 47 securities and a top 15 weight of 59.48%.

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