Correlation
The correlation between ASBAX and SGOV is 0.00, 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.
ASBAX vs. SGOV
Compare and contrast key facts about American Funds Short-Term Bond Fund of America (ASBAX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
ASBAX is managed by American Funds. It was launched on Oct 2, 2006. 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: ASBAX or SGOV.
Performance
ASBAX vs. SGOV - Performance Comparison
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Key characteristics
ASBAX:
2.74
SGOV:
21.53
ASBAX:
4.80
SGOV:
477.39
ASBAX:
1.68
SGOV:
478.39
ASBAX:
3.71
SGOV:
488.85
ASBAX:
15.80
SGOV:
7,760.25
ASBAX:
0.36%
SGOV:
0.00%
ASBAX:
2.13%
SGOV:
0.22%
ASBAX:
-6.83%
SGOV:
-0.03%
ASBAX:
-0.62%
SGOV:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with ASBAX having a 1.75% return and SGOV slightly lower at 1.69%.
ASBAX
1.75%
0.01%
2.44%
5.78%
2.89%
0.99%
1.29%
SGOV
1.69%
0.33%
2.15%
4.79%
4.52%
N/A
N/A
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ASBAX vs. SGOV - Expense Ratio Comparison
ASBAX has a 0.66% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
ASBAX vs. SGOV — Risk-Adjusted Performance Rank
ASBAX
SGOV
ASBAX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Short-Term Bond Fund of America (ASBAX) 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.
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Dividends
ASBAX vs. SGOV - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 4.02%, less than SGOV's 4.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 4.02% | 4.00% | 3.20% | 1.37% | 0.42% | 2.08% | 1.79% | 1.70% | 1.13% | 0.92% | 1.05% | 0.46% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.70% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ASBAX vs. SGOV - Drawdown Comparison
The maximum ASBAX drawdown since its inception was -6.83%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for ASBAX and SGOV.
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Volatility
ASBAX vs. SGOV - Volatility Comparison
American Funds Short-Term Bond Fund of America (ASBAX) has a higher volatility of 0.65% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that ASBAX'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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