APIUX vs. SGOV
APIUX (Yorktown Multi-Sector Bond Fund) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both funds - APIUX is a Multisector Bonds fund managed by Yorktown Funds, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, APIUX returned 1.31%/yr vs 3.58%/yr for SGOV. At a 0.00 correlation, their price movements are largely independent. APIUX charges 1.17%/yr vs 0.09%/yr for SGOV.
Performance
APIUX vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, APIUX achieves a 0.89% return, which is significantly lower than SGOV's 1.71% return.
APIUX
- 1D
- -0.12%
- 1M
- 0.55%
- YTD
- 0.89%
- 6M
- 1.03%
- 1Y
- 4.69%
- 3Y*
- 6.02%
- 5Y*
- 1.31%
- 10Y*
- 3.31%
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.71%
- 6M
- 1.80%
- 1Y
- 3.92%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
APIUX vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
APIUX Yorktown Multi-Sector Bond Fund | 0.89% | 6.49% | 5.34% | 7.10% | -12.71% | 3.77% | 12.58% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.71% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between APIUX and SGOV is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.00 |
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Return for Risk
APIUX vs. SGOV — Risk / Return Rank
APIUX
SGOV
APIUX vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Yorktown Multi-Sector Bond Fund (APIUX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| APIUX | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.44 | ||
| Sortino ratioReturn per unit of downside risk | -270.79 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 194.05 | -192.68 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 395.07 | -392.53 |
| Martin ratioReturn relative to average drawdown | 9.91 | 4,426.92 | -4,417.01 |
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Drawdowns
APIUX vs. SGOV - Drawdown Comparison
The maximum APIUX drawdown since its inception was -34.31%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for APIUX and SGOV.
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Drawdown Indicators
| APIUX | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.31% | -0.03% | -34.28% |
Max Drawdown (1Y)Largest decline over 1 year | -1.95% | -0.01% | -1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -3.06% | -0.01% | -3.05% |
Max Drawdown (5Y)Largest decline over 5 years | -16.44% | -0.03% | -16.41% |
Max Drawdown (10Y)Largest decline over 10 years | -22.80% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | 0.00% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -4.40% | -0.00% | -4.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 0.00% | +0.50% |
Volatility
APIUX vs. SGOV - Volatility Comparison
Yorktown Multi-Sector Bond Fund (APIUX) has a higher volatility of 0.79% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that APIUX'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
| APIUX | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.06% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.10% | 0.13% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.63% | 0.19% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.71% | 0.24% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.83% | 0.24% | +4.59% |
APIUX vs. SGOV - Expense Ratio Comparison
APIUX has a 1.17% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
APIUX vs. SGOV - Dividend Comparison
APIUX's dividend yield for the trailing twelve months is around 4.13%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
APIUX Yorktown Multi-Sector Bond Fund | 4.13% | 4.16% | 4.14% | 4.11% | 4.35% | 3.42% | 4.02% | 4.46% | 4.60% | 5.86% | 6.90% | 8.50% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
APIUX and SGOV have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
APIUX has higher volatility (0.79%) compared to SGOV (0.06%). In terms of maximum drawdown, APIUX dropped -34.31% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.32 vs 1.88), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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