ARCM vs. SGOV
Compare and contrast key facts about Arrow Reserve Capital Management ETF (ARCM) and iShares 0-3 Month Treasury Bond ETF (SGOV).
ARCM and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ARCM is an actively managed fund by Arrow Funds. It was launched on Mar 31, 2017. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ARCM or SGOV.
Key characteristics
| ARCM | SGOV | |
|---|---|---|
| YTD Return | 1.76% | 1.84% |
| 1Y Return | 5.47% | 5.48% |
| 3Y Return (Ann) | 2.26% | 2.84% |
| Sharpe Ratio | 0.84 | 22.19 |
| Daily Std Dev | 6.52% | 0.25% |
| Max Drawdown | -4.08% | -0.03% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between ARCM and SGOV is 0.19, 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
ARCM vs. SGOV - Performance Comparison
The year-to-date returns for both investments are quite close, with ARCM having a 1.76% return and SGOV slightly higher at 1.84%. 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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ARCM vs. SGOV - Expense Ratio Comparison
ARCM has a 0.50% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
ARCM vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Reserve Capital Management ETF (ARCM) 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
ARCM vs. SGOV - Dividend Comparison
ARCM's dividend yield for the trailing twelve months is around 4.69%, less than SGOV's 5.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
ARCM Arrow Reserve Capital Management ETF | 4.69% | 4.26% | 0.90% | 0.02% | 0.84% | 2.32% | 1.90% | 0.60% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.18% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% |
Drawdowns
ARCM vs. SGOV - Drawdown Comparison
The maximum ARCM drawdown since its inception was -4.08%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for ARCM and SGOV. For additional features, visit the drawdowns tool.
Volatility
ARCM vs. SGOV - Volatility Comparison
Arrow Reserve Capital Management ETF (ARCM) has a higher volatility of 0.13% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.07%. This indicates that ARCM'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.