BILT vs. SGOV

Last updated Jul 14, 2026

BILT (iShares Infrastructure Active ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - BILT is a Utilities Equities fund actively managed by iShares, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. BILT is actively managed, while SGOV is passively managed. At a correlation of -0.04, they often move in opposite directions. BILT charges 0.60%/yr vs 0.09%/yr for SGOV.

Performance

BILT vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Infrastructure Active ETF (BILT) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BILT achieves a 15.92% return, which is significantly higher than SGOV's 1.92% return.

BILT

• 1D: 0.40%
• 1M: 1.39%
• 6M: 15.55%
• YTD: 15.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGOV

• 1D: 0.02%
• 1M: 0.30%
• 6M: 1.80%
• YTD: 1.92%
• 1Y: 3.88%
• 3Y*: 4.66%
• 5Y*: 3.62%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BILT vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025
BILT iShares Infrastructure Active ETF	15.92%	4.16%
SGOV iShares 0-3 Month Treasury Bond ETF	1.92%	1.73%

Correlation

The correlation between BILT and SGOV is -0.04, 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 (All Time) Calculated using the full available price history since Jul 31, 2025	-0.04

Return for Risk

BILT vs. SGOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BILT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BILT vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Infrastructure Active ETF (BILT) 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.

	BILT	SGOV	Difference
Sharpe ratio: Return per unit of total volatility	—	20.83	—
Sortino ratio: Return per unit of downside risk	—	383.82	—
Omega ratio: Gain probability vs. loss probability	—	384.06	—
Calmar ratio: Return relative to maximum drawdown	—	391.99	—
Martin ratio: Return relative to average drawdown	—	6,210.22	—

Drawdowns

BILT vs. SGOV - Drawdown Comparison

The maximum BILT drawdown since its inception was -5.38%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BILT and SGOV.

Drawdown Indicators

	BILT	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-0.03%	-5.35%
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 Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.39%	-0.00%	-1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	BILT	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.34%	0.19%	+10.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.34%	0.24%	+10.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.34%	0.24%	+10.10%

BILT vs. SGOV - Expense Ratio Comparison

BILT has a 0.60% expense ratio, which is higher than SGOV's 0.09% expense ratio.

Dividends

BILT vs. SGOV - Dividend Comparison

BILT's dividend yield for the trailing twelve months is around 5.62%, more than SGOV's 3.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BILT iShares Infrastructure Active ETF	5.62%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%
SGOV iShares 0-3 Month Treasury Bond ETF	3.80%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%

Frequently Asked Questions

Can I hold both BILT and SGOV in my portfolio?

BILT and SGOV have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BILT or SGOV?

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.

Which ETF is cheaper, BILT or SGOV?

SGOV is cheaper with a 0.09% expense ratio, compared with 0.60% for BILT.

Which ETF pays a higher dividend yield, BILT or SGOV?

BILT has the higher dividend yield at 5.62%, compared with 3.80% for SGOV.

What is the main difference between BILT and SGOV?

BILT is categorized as Utilities Equities, while SGOV is Ultrashort Bond. Their fees differ too: 0.60% for BILT and 0.09% for SGOV.