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iShares 0-3 Month Treasury Bond ETF (SGOV) Sharpe Ratio: 20.28

ETF · Currency in USD · Last updated Jun 14, 2026

The iShares 0-3 Month Treasury Bond ETF seeks to track an index that includes U.S. Treasury bills with maturities of 0–3 months, offering a way to preserve capital and manage liquidity while seeking minimal interest rate risk.

SGOV's Sharpe Ratio of 20.28 indicates that for each unit of volatility, it generates 20.28 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 14, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

SGOV Sharpe Ratio Rank

SGOV Sharpe Ratio Rank: 99.9100
Exceptional

SGOV ranks above 99.9% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

SGOV Sharpe Ratio Market Positioning

The chart shows SGOV's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.81 or lower
  • Yellow zone (middle 50%): 0.81 to 2.14
  • Green zone (top 25%): 2.14 or higher
  • Top 1%: 7.49+
  • Median: 1.56 — half of all investments score higher

How it compares to other similar ETFs

The table compares iShares 0-3 Month Treasury Bond ETF's Sharpe Ratio with other ETFs in the Ultrashort Bond category across multiple time periods, showing how SGOV's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 14, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
TBLLInvesco Short Term Treasury ETF20.89
SGOViShares 0-3 Month Treasury Bond ETF20.28
BILSPDR Bloomberg 1-3 Month T-Bill ETF19.63
SHViShares 0-1 Year Treasury Bond ETF19.49
BILZPIMCO Ultra Short Government Active Exchange-Traded Fund19.12
CLIPGlobal X 1-3 Month T-Bill ETF17.66
MINTPIMCO Enhanced Short Maturity Active ETF17.51
GBILGoldman Sachs Access Treasury 0-1 Year ETF16.95
BILSSPDR Bloomberg 3-12 Month T-Bill ETF16.92
OPERClearShares Ultra-Short Maturity ETF15.32

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows SGOV's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when SGOV consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does SGOV fit in your portfolio?

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