BABO vs. SGOV
BABO (YieldMax BABA Option Income Strategy ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - BABO is a Derivative Income fund actively managed by YieldMax, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. BABO is actively managed, while SGOV is passively managed. Over the past year, BABO returned 5.34% vs 3.85% for SGOV. Their -0.01 correlation means they have often moved in opposite directions in the past. BABO charges 0.99%/yr vs 0.09%/yr for SGOV.
Performance
BABO vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BABO achieves a -12.44% return, which is significantly lower than SGOV's 2.16% return.
BABO
- 1D
- -0.34%
- 1M
- 24.54%
- 6M
- -17.49%
- YTD
- -12.44%
- 1Y
- 5.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.83%
SGOV
- 1D
- 0.02%
- 1M
- 0.32%
- 6M
- 1.82%
- YTD
- 2.16%
- 1Y
- 3.85%
- 3Y*
- 4.63%
- 5Y*
- 3.67%
- 10Y*
- —
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $250.76K | $302.64K | $366.64K | |
| $2.20B | $1.91B | $2.07B |
BABO vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BABO YieldMax BABA Option Income Strategy ETF | -12.44% | 46.84% | 0.65% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.16% | 4.24% | 1.99% |
Correlation
The correlation between BABO and SGOV is -0.12, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 8, 2024 | -0.01 |
The correlation between BABO and SGOV shifts across timeframes, from -0.12 (1 year) to -0.01 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BABO vs. SGOV — Risk / Return Rank
BABO
SGOV
BABO vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax BABA Option Income Strategy ETF (BABO) 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.
| BABO | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.63 | ||
| Sortino ratioReturn per unit of downside risk | -379.73 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 380.49 | -379.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 388.26 | -388.14 |
| Martin ratioReturn relative to average drawdown | 0.26 | 6,151.25 | -6,150.99 |
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Drawdowns
BABO vs. SGOV - Drawdown Comparison
The maximum BABO drawdown since its inception was -42.63%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BABO and SGOV.
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Drawdown Indicators
| BABO | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.63% | -0.03% | -42.60% |
Max Drawdown (1Y)Largest decline over 1 year | -42.63% | -0.01% | -42.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -26.44% | 0.00% | -26.44% |
Average DrawdownAverage peak-to-trough decline | -15.40% | 0.00% | -15.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.21% | 0.00% | +20.21% |
Volatility
BABO vs. SGOV - Volatility Comparison
YieldMax BABA Option Income Strategy ETF (BABO) has a higher volatility of 11.94% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that BABO'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
| BABO | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.94% | 0.04% | +11.90% |
Volatility (6M)Calculated over the trailing 6-month period | 24.82% | 0.13% | +24.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.67% | 0.19% | +36.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.82% | 0.24% | +36.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.82% | 0.23% | +36.59% |
BABO vs. SGOV - Expense Ratio Comparison
BABO has a 0.99% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
BABO vs. SGOV - Dividend Comparison
BABO's dividend yield for the trailing twelve months is around 92.00%, more than SGOV's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BABO YieldMax BABA Option Income Strategy ETF | 92.00% | 85.50% | 20.65% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.75% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
BABO and SGOV have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BABO has higher volatility (11.94%) compared to SGOV (0.04%). In terms of maximum drawdown, BABO dropped -42.63% vs SGOV's -0.03%.
On 1-year performance, BABO leads with 5.34% vs 3.85% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BABO has performed better with a 5.34% return vs 3.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.99% for BABO.
BABO has the higher dividend yield at 92.00%, compared with 3.75% for SGOV.
BABO is categorized as Derivative Income, while SGOV is Ultrashort Bond. They also come from different issuers: YieldMax and iShares. Their fees differ too: 0.99% for BABO and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.78 vs 0.15), 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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