Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
BND Vanguard Total Bond Market ETF | Total Bond Market | 10% |
SGOV iShares 0-3 Month Treasury Bond ETF | Ultrashort Bond | 30% |
VGSH Vanguard Short-Term Treasury ETF | Government Bonds, Short-Term Bond | 60% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in SGOV/VGSH/BND, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is May 28, 2020, corresponding to the inception date of SGOV
Returns By Period
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -3.43% | -3.84% | -1.98% | 16.08% | 16.86% | 10.37% | 12.29% |
Portfolio SGOV/VGSH/BND | 0.09% | -0.14% | 0.51% | 1.46% | 3.95% | 4.19% | 2.15% | — |
| Portfolio components: | ||||||||
SGOV iShares 0-3 Month Treasury Bond ETF | 0.04% | 0.32% | 0.92% | 1.92% | 4.10% | 4.81% | 3.42% | — |
VGSH Vanguard Short-Term Treasury ETF | 0.09% | -0.23% | 0.34% | 1.33% | 3.82% | 3.98% | 1.80% | 1.74% |
BND Vanguard Total Bond Market ETF | 0.22% | -0.98% | 0.31% | 0.85% | 4.27% | 3.53% | 0.30% | 1.70% |
Monthly Returns
Based on dividend-adjusted daily data since May 29, 2020, SGOV/VGSH/BND's average daily return is +0.01%, while the average monthly return is +0.15%. At this rate, your investment would double in approximately 38.5 years.
Historically, 60% of months were positive and 40% were negative. The best month was Mar 2023 with a return of +1.4%, while the worst month was Mar 2022 at -1.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 9 months.
On a daily basis, SGOV/VGSH/BND closed higher 52% of trading days. The best single day was Mar 13, 2023 with a return of +0.7%, while the worst single day was Jun 13, 2022 at -0.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.24% | 0.58% | -0.38% | 0.08% | 0.51% | ||||||||
| 2025 | 0.40% | 0.76% | 0.35% | 0.66% | -0.11% | 0.61% | 0.05% | 0.76% | 0.39% | 0.36% | 0.42% | 0.25% | 5.02% |
| 2024 | 0.33% | -0.27% | 0.40% | -0.33% | 0.74% | 0.55% | 1.09% | 0.80% | 0.73% | -0.47% | 0.40% | 0.10% | 4.13% |
| 2023 | 0.87% | -0.61% | 1.40% | 0.30% | -0.22% | -0.17% | 0.29% | 0.36% | -0.19% | 0.19% | 1.22% | 1.19% | 4.71% |
| 2022 | -0.64% | -0.35% | -1.11% | -0.68% | 0.43% | -0.49% | 0.49% | -0.67% | -1.05% | -0.14% | 0.86% | 0.13% | -3.21% |
| 2021 | -0.06% | -0.16% | -0.17% | 0.13% | 0.06% | -0.03% | 0.23% | -0.03% | -0.17% | -0.17% | -0.01% | -0.14% | -0.53% |
Benchmark Metrics
SGOV/VGSH/BND has an annualized alpha of 1.75%, beta of 0.01, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 29, 2020.
- This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (6.34%) than losses (3.72%) — typical of diversified or defensive assets.
- Beta of 0.01 may look defensive, but with R² of 0.00 this portfolio is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this portfolio's risk.
- R² of 0.00 means this portfolio moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 1.75%
- Beta
- 0.01
- R²
- 0.00
- Upside Capture
- 6.34%
- Downside Capture
- 3.72%
Expense Ratio
SGOV/VGSH/BND has an expense ratio of 0.05%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
SGOV/VGSH/BND ranks 98 for risk / return — in the top 98% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.29 | 0.88 | +2.41 |
Sortino ratioReturn per unit of downside risk | 5.47 | 1.37 | +4.10 |
Omega ratioGain probability vs. loss probability | 1.72 | 1.21 | +0.52 |
Calmar ratioReturn relative to maximum drawdown | 5.58 | 1.39 | +4.19 |
Martin ratioReturn relative to average drawdown | 21.19 | 6.43 | +14.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 100 | 20.63 | 286.00 | 202.83 | 412.76 | 4,634.41 |
VGSH Vanguard Short-Term Treasury ETF | 96 | 2.67 | 4.30 | 1.58 | 4.26 | 16.01 |
BND Vanguard Total Bond Market ETF | 48 | 1.00 | 1.42 | 1.18 | 1.71 | 4.64 |
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Dividends
Dividend yield
SGOV/VGSH/BND provided a 3.93% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 3.93% | 4.02% | 4.41% | 3.76% | 1.39% | 0.62% | 1.30% | 1.64% | 1.36% | 0.91% | 0.75% | 0.67% |
| Portfolio components: | ||||||||||||
SGOV iShares 0-3 Month Treasury Bond ETF | 3.95% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VGSH Vanguard Short-Term Treasury ETF | 3.92% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
BND Vanguard Total Bond Market ETF | 3.92% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SGOV/VGSH/BND. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SGOV/VGSH/BND was 5.05%, occurring on Oct 20, 2022. Recovery took 288 trading sessions.
The current SGOV/VGSH/BND drawdown is 0.39%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.05% | Aug 4, 2021 | 307 | Oct 20, 2022 | 288 | Dec 13, 2023 | 595 |
| -0.72% | Sep 25, 2024 | 31 | Nov 6, 2024 | 21 | Dec 6, 2024 | 52 |
| -0.7% | Mar 2, 2026 | 19 | Mar 26, 2026 | — | — | — |
| -0.66% | Feb 2, 2024 | 8 | Feb 13, 2024 | 30 | Mar 27, 2024 | 38 |
| -0.56% | May 1, 2025 | 10 | May 14, 2025 | 20 | Jun 12, 2025 | 30 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 3 assets, with an effective number of assets of 2.17, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | SGOV | BND | VGSH | Portfolio | |
|---|---|---|---|---|---|
| Benchmark | 1.00 | -0.02 | 0.15 | 0.02 | 0.08 |
| SGOV | -0.02 | 1.00 | 0.02 | 0.10 | 0.12 |
| BND | 0.15 | 0.02 | 1.00 | 0.76 | 0.90 |
| VGSH | 0.02 | 0.10 | 0.76 | 1.00 | 0.96 |
| Portfolio | 0.08 | 0.12 | 0.90 | 0.96 | 1.00 |