BILD vs. SGOV
BILD (Macquarie Global Listed Infrastructure ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - BILD is a Energy Equities fund actively managed by Macquarie, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. BILD is actively managed, while SGOV is passively managed. Over the past year, BILD returned 16.87% vs 3.93% for SGOV. At a 0.03 correlation, their price movements are largely independent. BILD charges 0.49%/yr vs 0.09%/yr for SGOV.
Performance
BILD vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BILD achieves a 7.50% return, which is significantly higher than SGOV's 1.70% return.
BILD
- 1D
- 0.52%
- 1M
- -2.01%
- YTD
- 7.50%
- 6M
- 8.26%
- 1Y
- 16.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.27%
- YTD
- 1.70%
- 6M
- 1.80%
- 1Y
- 3.93%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
BILD vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BILD Macquarie Global Listed Infrastructure ETF | 7.50% | 21.08% | -2.68% | 3.73% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.70% | 4.24% | 5.27% | 0.50% |
Correlation
The correlation between BILD and SGOV is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023 | 0.03 |
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Return for Risk
BILD vs. SGOV — Risk / Return Rank
BILD
SGOV
BILD vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Macquarie Global Listed Infrastructure ETF (BILD) 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.
| BILD | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.82 | ||
| Sortino ratioReturn per unit of downside risk | -272.16 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 194.55 | -193.27 |
| Calmar ratioReturn relative to maximum drawdown | 2.80 | 396.11 | -393.31 |
| Martin ratioReturn relative to average drawdown | 7.20 | 4,438.60 | -4,431.40 |
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Drawdowns
BILD vs. SGOV - Drawdown Comparison
The maximum BILD drawdown since its inception was -14.78%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BILD and SGOV.
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Drawdown Indicators
| BILD | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.78% | -0.03% | -14.75% |
Max Drawdown (1Y)Largest decline over 1 year | -6.05% | -0.01% | -6.04% |
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 | -4.82% | 0.00% | -4.82% |
Average DrawdownAverage peak-to-trough decline | -3.72% | -0.00% | -3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 0.00% | +2.35% |
Volatility
BILD vs. SGOV - Volatility Comparison
Macquarie Global Listed Infrastructure ETF (BILD) has a higher volatility of 2.99% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that BILD'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
| BILD | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 0.06% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.89% | 0.13% | +8.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.88% | 0.19% | +10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 0.24% | +12.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.16% | 0.24% | +12.92% |
BILD vs. SGOV - Expense Ratio Comparison
BILD has a 0.49% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
BILD vs. SGOV - Dividend Comparison
BILD's dividend yield for the trailing twelve months is around 5.81%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BILD Macquarie Global Listed Infrastructure ETF | 5.81% | 3.05% | 5.53% | 0.52% | 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
BILD and SGOV have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BILD has higher volatility (2.99%) compared to SGOV (0.06%). In terms of maximum drawdown, BILD dropped -14.78% vs SGOV's -0.03%.
On 1-year performance, BILD leads with 16.87% vs 3.93% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BILD has performed better with a 16.87% return vs 3.93%. 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 0.49% for BILD.
BILD has the higher dividend yield at 5.81%, compared with 3.85% for SGOV.
BILD is categorized as Energy Equities, while SGOV is Ultrashort Bond. They also come from different issuers: Macquarie and iShares. Their fees differ too: 0.49% for BILD and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.38 vs 1.56), 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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