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 Securities 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.
Performance
AOK vs. SGOV - Performance Comparison
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AOK vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AOK iShares Core Conservative Allocation ETF | 0.12% | 11.26% | 6.58% | 10.85% | -14.16% | 4.87% | 9.84% |
SGOV iShares 0-3 Month Treasury Bond ETF | 0.88% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Returns By Period
In the year-to-date period, AOK achieves a 0.12% return, which is significantly lower than SGOV's 0.88% return.
AOK
- 1D
- 0.30%
- 1M
- -2.35%
- YTD
- 0.12%
- 6M
- 1.18%
- 1Y
- 9.60%
- 3Y*
- 8.05%
- 5Y*
- 3.38%
- 10Y*
- 4.88%
SGOV
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 0.88%
- 6M
- 1.89%
- 1Y
- 4.07%
- 3Y*
- 4.80%
- 5Y*
- 3.41%
- 10Y*
- —
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AOK vs. SGOV - Expense Ratio Comparison
AOK has a 0.25% expense ratio, which is higher than SGOV's 0.09% 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%.
Return for Risk
AOK vs. SGOV — Risk / Return Rank
AOK
SGOV
AOK vs. SGOV - Risk-Adjusted Trends 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.
| AOK | SGOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 20.61 | -19.19 |
Sortino ratioReturn per unit of downside risk | 1.97 | 283.87 | -281.90 |
Omega ratioGain probability vs. loss probability | 1.29 | 201.33 | -200.04 |
Calmar ratioReturn relative to maximum drawdown | 2.22 | 411.31 | -409.09 |
Martin ratioReturn relative to average drawdown | 8.55 | 4,618.08 | -4,609.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AOK | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 20.61 | -19.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 14.12 | -13.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.73 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 12.34 | -11.66 |
Correlation
The correlation between AOK and SGOV is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
AOK vs. SGOV - Dividend Comparison
AOK's dividend yield for the trailing twelve months is around 3.34%, less than SGOV's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AOK iShares Core Conservative Allocation ETF | 3.34% | 3.28% | 3.23% | 2.93% | 2.25% | 1.55% | 2.10% | 2.71% | 2.68% | 2.91% | 2.14% | 2.02% |
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% |
Drawdowns
AOK vs. SGOV - Drawdown Comparison
The maximum AOK drawdown since its inception was -18.94%, 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.
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Drawdown Indicators
| AOK | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.94% | -0.03% | -18.91% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -0.01% | -4.49% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -0.03% | -18.91% |
Max Drawdown (10Y)Largest decline over 10 years | -18.94% | — | — |
Current DrawdownCurrent decline from peak | -2.89% | 0.00% | -2.89% |
Average DrawdownAverage peak-to-trough decline | -2.38% | 0.00% | -2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 0.00% | +1.17% |
Volatility
AOK vs. SGOV - Volatility Comparison
iShares Core Conservative Allocation ETF (AOK) has a higher volatility of 2.87% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. 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.
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Volatility by Period
| AOK | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 0.06% | +2.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.25% | 0.13% | +4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.80% | 0.20% | +6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.05% | 0.24% | +6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.68% | 0.24% | +6.44% |