AINF.L vs. SGOV

Last updated Apr 4, 2026

Compare and contrast key facts about iShares AI Infrastructure UCITS ETF USD Accumulating (AINF.L) and iShares 0-3 Month Treasury Bond ETF (SGOV).

AINF.L and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AINF.L is managed by iShares. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020.

Performance

AINF.L vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in iShares AI Infrastructure UCITS ETF USD Accumulating (AINF.L) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

AINF.L vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AINF.L iShares AI Infrastructure UCITS ETF USD Accumulating	2.99%	34.74%	0.43%
SGOV iShares 0-3 Month Treasury Bond ETF	2.84%	-3.18%	2.16%

Different Trading Currencies

AINF.L is traded in GBP, while SGOV is traded in USD. To make them comparable, the SGOV values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, AINF.L achieves a 2.99% return, which is significantly higher than SGOV's 2.84% return.

AINF.L

• 1D: -24.62%
• 1M: -1.49%
• YTD: 2.99%
• 6M: 9.15%
• 1Y: 68.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGOV

• 1D: 0.68%
• 1M: 1.45%
• YTD: 2.84%
• 6M: 3.84%
• 1Y: 3.14%
• 3Y*: 2.63%
• 5Y*: 4.35%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AINF.L vs. SGOV - Expense Ratio Comparison

SGOV

iShares 0-3 Month Treasury Bond ETF

Return for Risk

AINF.L vs. SGOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AINF.L

AINF.L Risk / Return Rank: 79
AINF.L Sharpe Ratio Rank: 58
AINF.L Sortino Ratio Rank: 73
AINF.L Omega Ratio Rank: 89
AINF.L Calmar Ratio Rank: 78
AINF.L Martin Ratio Rank: 95

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AINF.L vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares AI Infrastructure UCITS ETF USD Accumulating (AINF.L) and iShares 0-3 Month Treasury Bond ETF (SGOV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AINF.L	SGOV	Difference
Sharpe ratio Return per unit of total volatility	1.09	0.32	+0.77
Sortino ratio Return per unit of downside risk	1.93	0.51	+1.42
Omega ratio Gain probability vs. loss probability	1.39	1.06	+0.33
Calmar ratio Return relative to maximum drawdown	2.77	0.27	+2.50
Martin ratio Return relative to average drawdown	18.66	0.50	+18.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AINF.L vs. SGOV - Sharpe Ratio Comparison

The current AINF.L Sharpe Ratio is 1.09, which is higher than the SGOV Sharpe Ratio of 0.32. The chart below compares the historical Sharpe Ratios of AINF.L and SGOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AINF.L	SGOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	0.32	+0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.61	0.20	+0.41

Correlation

The correlation between AINF.L and SGOV is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

AINF.L vs. SGOV - Dividend Comparison

AINF.L has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.95%.

	TTM	2025	2024	2023	2022	2021	2020
AINF.L iShares AI Infrastructure UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SGOV iShares 0-3 Month Treasury Bond ETF	3.95%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%

Drawdowns

AINF.L vs. SGOV - Drawdown Comparison

The maximum AINF.L drawdown since its inception was -28.79%, which is greater than SGOV's maximum drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for AINF.L and SGOV.

Drawdown Indicators

	AINF.L	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-28.79%	-0.03%	-28.76%
Max Drawdown (1Y) Largest decline over 1 year	-24.62%	-0.01%	-24.61%
Max Drawdown (5Y) Largest decline over 5 years	—	-0.03%	—
Current Drawdown Current decline from peak	-24.62%	0.00%	-24.62%
Average Drawdown Average peak-to-trough decline	-5.63%	0.00%	-5.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	0.00%	+3.65%

Volatility

AINF.L vs. SGOV - Volatility Comparison

iShares AI Infrastructure UCITS ETF USD Accumulating (AINF.L) has a higher volatility of 44.41% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 2.72%. This indicates that AINF.L's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AINF.L	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	44.41%	2.72%	+41.69%
Volatility (6M) Calculated over the trailing 6-month period	46.21%	4.92%	+41.29%
Volatility (1Y) Calculated over the trailing 1-year period	51.90%	7.38%	+44.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.25%	8.58%	+38.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.25%	8.57%	+38.68%