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.
Key characteristics
| ASBAX | SGOV | |
|---|---|---|
| YTD Return | 3.51% | 4.61% |
| 1Y Return | 5.70% | 5.38% |
| 3Y Return (Ann) | 1.07% | 3.78% |
| Sharpe Ratio | 2.47 | 21.83 |
| Sortino Ratio | 4.21 | 526.74 |
| Omega Ratio | 1.60 | 527.74 |
| Calmar Ratio | 1.43 | 540.70 |
| Martin Ratio | 16.12 | 8,583.38 |
| Ulcer Index | 0.35% | 0.00% |
| Daily Std Dev | 2.26% | 0.25% |
| Max Drawdown | -6.83% | -0.03% |
| Current Drawdown | -0.80% | -0.01% |
Correlation
The correlation between ASBAX and SGOV is 0.04, 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
In the year-to-date period, ASBAX achieves a 3.51% return, which is significantly lower than SGOV's 4.61% return. 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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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 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 3.94%, less than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASBAX American Funds Short-Term Bond Fund of America | 3.94% | 3.20% | 1.37% | 0.42% | 1.11% | 1.76% | 1.70% | 1.13% | 0.89% | 0.86% | 0.39% | 0.61% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 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 0.53% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. 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.