There’s a ton of posts of people asking which is better, SNSXX, SWVXX, or SGOV. I’m looking to use one of these for short term savings (down payment on a house). I keep seeing that SWVXX has a higher yield but you pay state income tax, while you pay no state tax on the other two. However…
I don’t see anyone mentioning the expense ratio. If I want to avoid state tax that means SNSXX or SGOV. But SGOV has only 0.09% expense ratio while SNSXX has 0.34%. For two investments that perform relatively the same, SGOV looks better with the lower expense ratio, yet I never see anyone discuss it.
Am I missing anything? If I live in a state with high state income tax, isn’t my best bet to just go with SGOV (I don’t mind it being an etf where I have to buy at $100 increments)
Is there any reason to do SNSXX over SGOV that I’m not seeing? SGOV seems to win in every way apart from it being $100 per share rather than $1