I've been trying to research the best place to park an emergency fund and posts on this subreddit seem to indicate that SGOV would be the better way to go compared to a HYSA, since it generally provides better returns and is tax advantaged. Are there any downsides to moving my emergency fund to SGOV if that's the case?
Right now I'm getting 3.7% APY, FWIW. I also might need to start reaching into it soon in about a month to cover expenses if my job furloughs me for a bit.