BDYN vs. SGOV
BDYN (iShares Dynamic Equity Active ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - BDYN is a Global Equities fund actively managed by iShares, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. BDYN is actively managed, while SGOV is passively managed. At a correlation of -0.12, they often move in opposite directions. BDYN charges 0.40%/yr vs 0.09%/yr for SGOV.
Performance
BDYN vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BDYN achieves a 5.84% return, which is significantly higher than SGOV's 1.72% return.
BDYN
- 1D
- -0.36%
- 1M
- -0.92%
- YTD
- 5.84%
- 6M
- 4.37%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.72%
- 6M
- 1.79%
- 1Y
- 3.92%
- 3Y*
- 4.69%
- 5Y*
- 3.58%
- 10Y*
- —
BDYN vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BDYN iShares Dynamic Equity Active ETF | 5.84% | 3.61% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.72% | 1.18% |
Correlation
The correlation between BDYN and SGOV is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025 | -0.12 |
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Return for Risk
BDYN vs. SGOV — Risk / Return Rank
BDYN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SGOV
BDYN vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Dynamic Equity Active ETF (BDYN) 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.
| BDYN | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 194.05 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 395.07 | — |
| Martin ratioReturn relative to average drawdown | — | 4,426.92 | — |
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Drawdowns
BDYN vs. SGOV - Drawdown Comparison
The maximum BDYN drawdown since its inception was -10.85%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BDYN and SGOV.
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Drawdown Indicators
| BDYN | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.85% | -0.03% | -10.82% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.01% | — |
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 | -2.95% | 0.00% | -2.95% |
Average DrawdownAverage peak-to-trough decline | -1.81% | -0.00% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
BDYN vs. SGOV - Volatility Comparison
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Volatility by Period
| BDYN | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.04% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.13% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 14.85% | 0.19% | +14.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.85% | 0.24% | +14.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.85% | 0.24% | +14.61% |
BDYN vs. SGOV - Expense Ratio Comparison
BDYN has a 0.40% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
BDYN vs. SGOV - Dividend Comparison
BDYN's dividend yield for the trailing twelve months is around 2.06%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BDYN iShares Dynamic Equity Active ETF | 2.06% | 2.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
BDYN 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.
On fees, SGOV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.40% for BDYN.
SGOV has the higher dividend yield at 3.85%, compared with 2.06% for BDYN.
BDYN is categorized as Global Equities, while SGOV is Ultrashort Bond. Their fees differ too: 0.40% for BDYN and 0.09% for SGOV.
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