Loading SGOV's live yield…
Uses SGOV's live yield with a flat payout and flat share price — a T-bill fund neither grows its distribution nor its price; the yield simply follows short-term rates. If the Fed cuts, your income falls with it. Early years will track your real buying schedule only loosely — lump-sum timing shifts the first few years and washes out over decades. Open the full calculator →
Monthly cash at the current yield, before federal tax — SGOV's income is exempt from state income tax, which savings accounts can't offer.
| Parked in SGOV | Income / Year | Income / Month |
|---|---|---|
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Every one of SGOV's 73 monthly payments since 2020 — the climb from near-zero through the 2022-23 hiking cycle — is charted on the SGOV dividend history page.
The yield above is not an advertised SEC figure — it's SGOV's last twelve months of actual cash distributions divided by the current share price, recomputed on every page load from the same live feed that powers our payment charts. Because a T-bill ladder has no growth story, this page seeds the projection with 0% payout growth and 0% price growth — deliberately boring, exactly like the fund.
What SGOV Actually Is
SGOV is iShares' 0-3 month Treasury bill ETF — functionally, a money-market yield in a tradable wrapper with a 0.09% expense ratio. The share price barely leaves a roughly $100.00–$100.60 band each month: it drifts up as interest accrues, drops on the ex-date, repeats. Nobody buys it to get rich; people buy it so idle cash earns the same rate the government pays banks, with state-tax exemption as the kicker.
The Only Chart That Matters Here
Look at SGOV's payment history and you're really looking at a drawing of Federal Reserve policy: payments near zero into early 2022, a steep staircase up through the hiking cycle, a plateau above 5%, then steps down as cuts arrived. None of that was fund management — it's pure rate pass-through, which is why projecting SGOV income five years out means projecting the Fed, not the fund. Watch the staircase yourself on the full payment record.
Parking Cash vs. Building Income
SGOV answers "what does waiting pay?" — a different question from building an income stream. If the cash has a job in the next year or two, SGOV (or bills directly) is the honest tool. Money with a decade of runway usually belongs in something whose payout can grow — compare the profiles side by side in our fund comparison tool, or type your share count into the income calculator on any fund payout page to see real checks.
Want the Full Picture?
Taxes, DRIP on/off, income goals, and the year-by-year snowball chart — the complete calculator does it all.
Use the Free Dividend Calculator