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.
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.
Performance
ASBAX vs. SGOV - Performance Comparison
Key characteristics
ASBAX:
2.55
SGOV:
21.26
ASBAX:
4.46
SGOV:
479.39
ASBAX:
1.63
SGOV:
480.39
ASBAX:
3.48
SGOV:
490.95
ASBAX:
15.73
SGOV:
7,793.55
ASBAX:
0.34%
SGOV:
0.00%
ASBAX:
2.10%
SGOV:
0.23%
ASBAX:
-6.83%
SGOV:
-0.03%
ASBAX:
-0.52%
SGOV:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with ASBAX having a 1.53% return and SGOV slightly lower at 1.49%.
ASBAX
1.53%
-0.21%
2.11%
5.33%
0.97%
1.29%
SGOV
1.49%
0.36%
2.18%
4.86%
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.
Dividends
ASBAX vs. SGOV - Dividend Comparison
ASBAX's dividend yield for the trailing twelve months is around 3.70%, less than SGOV's 4.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 3.70% | 4.00% | 3.20% | 1.37% | 0.42% | 1.11% | 1.76% | 1.70% | 1.13% | 0.89% | 0.86% | 0.39% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.71% | 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. For additional features, visit the drawdowns tool.
Volatility
ASBAX vs. SGOV - Volatility Comparison
American Funds Short-Term Bond Fund of America (ASBAX) has a higher volatility of 0.69% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.07%. 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.