AOK vs. SGOV
Compare and contrast key facts about iShares Core Conservative Allocation ETF (AOK) and iShares 0-3 Month Treasury Bond ETF (SGOV).
AOK and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AOK is a passively managed fund by iShares that tracks the performance of the S&P Target Risk Conservative Index. It was launched on Nov 4, 2008. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both AOK and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AOK or SGOV.
Key characteristics
| AOK | SGOV | |
|---|---|---|
| YTD Return | 7.12% | 4.62% |
| 1Y Return | 14.60% | 5.38% |
| 3Y Return (Ann) | 0.72% | 3.78% |
| Sharpe Ratio | 2.47 | 21.93 |
| Sortino Ratio | 3.66 | 527.74 |
| Omega Ratio | 1.46 | 528.74 |
| Calmar Ratio | 1.27 | 541.76 |
| Martin Ratio | 14.76 | 8,600.11 |
| Ulcer Index | 0.98% | 0.00% |
| Daily Std Dev | 5.89% | 0.25% |
| Max Drawdown | -18.93% | -0.03% |
| Current Drawdown | -1.77% | 0.00% |
Correlation
The correlation between AOK and SGOV is 0.03, 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.
Performance
AOK vs. SGOV - Performance Comparison
In the year-to-date period, AOK achieves a 7.12% return, which is significantly higher than SGOV's 4.62% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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AOK vs. SGOV - Expense Ratio Comparison
AOK has a 0.25% expense ratio, which is higher than SGOV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
AOK vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core Conservative Allocation ETF (AOK) 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.
Dividends
AOK vs. SGOV - Dividend Comparison
AOK's dividend yield for the trailing twelve months is around 3.11%, less than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core Conservative Allocation ETF | 3.11% | 2.93% | 2.25% | 1.55% | 2.10% | 2.72% | 2.68% | 2.91% | 2.14% | 2.02% | 2.08% | 1.82% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
AOK vs. SGOV - Drawdown Comparison
The maximum AOK drawdown since its inception was -18.93%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for AOK and SGOV. For additional features, visit the drawdowns tool.
Volatility
AOK vs. SGOV - Volatility Comparison
iShares Core Conservative Allocation ETF (AOK) has a higher volatility of 1.56% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that AOK'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.