SGOV vs the Money Market Funds People Actually Hold
SGOV is a Treasury bill ETF. Most people's cash sits in a money market fund instead, often without choosing it. These pages compare SGOV to the big four, on the things that persist: expense ratio, state-tax treatment, and structure. Educational only, no recommendation.
SGOV vs SPAXX
Fidelity's default cash sweep. Lower fee and cleaner state-tax profile favor SGOV; SPAXX wins on automatic convenience.
SGOV vs SWVXX
Schwab's prime money fund. Usually a higher gross yield with a little credit risk; SGOV keeps the state-tax break.
SGOV vs VUSXX
Vanguard's Treasury money fund. The closest matchup: same 0.09% fee, split by structure and a $3,000 minimum.
SGOV vs FDLXX
Fidelity's Treasury-only fund. Nearly matches SGOV on tax; the 0.42% fee is the gap.
Want to run it on your own balance? The Cash Parking Calculator shows what a given amount keeps after fees and your state tax across a Treasury ETF, a money market fund, and a savings account.
Prefer the settlement-fund angle or a broader take? See SGOV vs VMFXX (Vanguard's default sweep), SGOV vs money market funds in general, and SGOV vs buying T-bills directly. The tax mechanic that runs through all of these is in is SGOV exempt from state tax, and the full short-to-long lineup is in the Treasury ETF guide.