ETF Versus

IWF vs SGOV

iShares Russell 1000 Growth ETF vs iShares 0-3 Month Treasury Bond ETF

Last updated: 2026-04-02

IWF iShares

iShares Russell 1000 Growth ETF (IWF) is an exchange-traded fund issued by iShares that provides exposure to large-cap U.S. growth stocks with above-average earnings potential. It charges a moderate expense ratio of 0.18%. The fund offers a modest dividend yield of 0.39%. Launched in 2000, the fund has a 26-year track record.

AUM: $108.0B ER: 0.18% Yield: 0.39% Since: May 22, 2000

iShares 0-3 Month Treasury Bond ETF (SGOV) is an exchange-traded fund that provides exposure to short-duration U.S. Treasury bonds with low interest rate risk. It charges a low expense ratio of 0.09%. The fund offers a high dividend yield of 4.01%. Launched in 2020, the fund has a 6-year track record.

AUM: $83.3B ER: 0.09% Yield: 4.01% Since: May 26, 2020

Quick Verdict

SGOV has a slightly lower expense ratio (0.09% vs 0.18%), saving about $178 per $10,000 over 10 years. Over the past year, IWF has significantly outperformed with a 18.2% return vs 0.0%. Income investors may prefer SGOV for its higher yield (4.0% vs 0.4%).

Key Metrics

Metric IWF SGOV
Expense Ratio 0.18% 0.09%
Dividend Yield 0.4% 4.0%
Fund Family iShares N/A
Category US Large Cap Growth US Short-Term Treasury

Performance Chart

Indexed to 100 at start (5-year comparison)

80 103 126 149 172 195 2021-04 2022-06 2023-09 2024-12 2026-04
IWF +71.3%
SGOV +0.4%

Performance Comparison

Period IWF SGOV Difference
1 Month -4.73% +0.01% -4.74%
3 Months -8.83% -0.02% -8.81%
6 Months -8.48% -0.03% -8.45%
YTD -8.83% -0.02% -8.81%
1 Year +18.20% +0.04% +18.16%
3 Years +75.80% +0.16% +75.64%
5 Years +71.26% +0.37% +70.89%

Fee Impact Over Time

Estimated fee cost difference assuming 8% annual returns

Investment Period IWF Fees SGOV Fees You Save
$10.000 10 years $357 $179 $178
$10.000 20 years $1.529 $771 $759
$10.000 30 years $4.912 $2.486 $2.426
$50.000 10 years $1.786 $896 $889
$50.000 30 years $24.558 $12.428 $12.131
$100.000 30 years $49.116 $24.855 $24.261

Risk Metrics

Based on 5 years of daily returns

Metric IWF SGOV
Annualized Volatility 21.4% 1.1%
Max Drawdown -33.1% -0.7%
Sharpe Ratio 0.40 -4.13

Dividend Comparison

Metric IWF SGOV
Annual Dividend (per share) $1.69 $4.02
Dividend Yield 0.39% 4.00%
Distribution Frequency Quarterly Monthly

Top Holdings

IWF Top Holdings

NameWeight
NVIDIA CorporationNVDA12.82%
Apple Inc.AAPL11.79%
Microsoft CorporationMSFT8.78%
Broadcom Inc.AVGO4.81%
Amazon.com, Inc.AMZN4.61%
Tesla, Inc.TSLA3.57%
Meta Platforms, Inc.META3.28%
Alphabet Inc.GOOG2.83%
Eli Lilly and CompanyLLY2.62%

Which One Should You Choose?

Choose SGOV if...

you want the lowest fees and plan to buy and hold long-term. Over decades, the expense ratio difference compounds significantly.

Choose IWF if...

recent performance momentum matters to your strategy. Note that past performance doesn't guarantee future results.

Choose SGOV if...

you prioritize dividend income and want higher regular distributions from your portfolio.

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