SGOV vs SWVXX: Yield, Cost and Returns Compared
As of Nov 5, 2026, SWVXX yields more: 3.85% (7-day yield) against 3.64% for SGOV. SGOV's income is generally exempt from state income tax; SWVXX's is fully taxable, state tax included. SGOV trades like a stock at any broker; SWVXX is Schwab's money market fund, usually held in a Schwab account.
SGOViShares 0-3 Month Treasury Bond ETF3.64%current yield| Compared | SGOV | SWVXX |
|---|---|---|
| YieldSGOV: current yield; SWVXX: 7-day yield | 3.64% | 3.85% |
| Expense ratio | 0.09% | In the yield |
| Total return, 1 yr | +3.7% | — |
| Total return, 3 yr (a year) | +4.5% | — |
| Total return, 5 yr (a year) | +3.8% | — |
| Pays | Monthly | Monthly |
| Issuer | iShares | Schwab |
| Assets | $116.8B | $248.0B |
| Started | 2020 | — |
| Type | Treasury ETF | Prime money market |
Higher yield
SWVXX
3.85%
Lighter state tax
SGOV
exempt from state income tax
$10,000 earns
$385
a year in SWVXX
Key facts: SGOV vs SWVXX
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, SGOV yields 3.64% (current yield) and SWVXX yields 3.85% (7-day yield).
- SGOV's income is generally exempt from state income tax, while SWVXX's is fully taxable, state tax included.
- SGOV trades like a stock at any broker; SWVXX is Schwab's money market fund, usually held in a Schwab account.
Cite this page
SmarterDividends, "SGOV vs SWVXX: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/sgov-vs-swvxx
What each holds and how it's taxed
- SGOV · Treasury ETF
- Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies).
- SWVXX · Prime money market
- A prime money market fund: it also holds short-term corporate debt, which usually pays a little more. Its income is fully taxable, state tax included.
General information, not tax advice. Every cash fund by yield →
SGOV vs SWVXX: questions
Is SGOV or SWVXX better?
It depends on the job. SWVXX pays more today (3.85% vs 3.64%). For cash you may need soon, yield after tax and how easily you can get the money out matter more than past returns.
Which pays a higher dividend, SGOV or SWVXX?
SWVXX, at 3.85% against 3.64% for SGOV as of Nov 5, 2026. On $10,000 that's about $385 vs $364 a year at today's rates.
How are SGOV and SWVXX taxed?
SGOV: Holds U.S. Treasury securities, so its income is generally exempt from state and local income tax (federal tax still applies). SWVXX: A prime money market fund: it also holds short-term corporate debt, which usually pays a little more. Its income is fully taxable, state tax included. General information, not tax advice.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. SWVXX leads on 1 of 1 measures above. For information only, not investment advice. Last fund data: Nov 5, 2026.