BKF vs. SGOV
BKF (iShares MSCI BRIC ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - BKF is a Emerging Markets Equities fund tracking the MSCI BRIC Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, BKF returned -3.51%/yr vs 3.62%/yr for SGOV. At a 0.01 correlation, their price movements are largely independent. BKF charges 0.69%/yr vs 0.09%/yr for SGOV.
Performance
BKF vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BKF achieves a -8.67% return, which is significantly lower than SGOV's 1.92% return.
BKF
- 1D
- 1.37%
- 1M
- 0.10%
- 6M
- -11.29%
- YTD
- -8.67%
- 1Y
- -2.04%
- 3Y*
- 6.12%
- 5Y*
- -3.51%
- 10Y*
- 4.28%
SGOV
- 1D
- 0.00%
- 1M
- 0.30%
- 6M
- 1.79%
- YTD
- 1.92%
- 1Y
- 3.88%
- 3Y*
- 4.66%
- 5Y*
- 3.62%
- 10Y*
- —
BKF vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKF iShares MSCI BRIC ETF | -8.67% | 22.30% | 9.24% | 1.27% | -21.78% | -11.87% | 37.67% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.92% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between BKF 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 (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.01 |
The correlation between BKF and SGOV shifts across timeframes, from -0.12 (1 year) to 0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BKF vs. SGOV — Risk / Return Rank
BKF
SGOV
BKF vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI BRIC ETF (BKF) 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.
| BKF | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.96 | ||
| Sortino ratioReturn per unit of downside risk | -383.89 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 384.06 | -383.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 391.99 | -392.12 |
| Martin ratioReturn relative to average drawdown | -0.30 | 6,210.22 | -6,210.52 |
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Drawdowns
BKF vs. SGOV - Drawdown Comparison
The maximum BKF drawdown since its inception was -70.29%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BKF and SGOV.
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Drawdown Indicators
| BKF | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.29% | -0.03% | -70.26% |
Max Drawdown (1Y)Largest decline over 1 year | -15.45% | -0.01% | -15.44% |
Max Drawdown (3Y)Largest decline over 3 years | -18.60% | -0.01% | -18.59% |
Max Drawdown (5Y)Largest decline over 5 years | -41.97% | -0.03% | -41.94% |
Max Drawdown (10Y)Largest decline over 10 years | -49.20% | — | — |
Current DrawdownCurrent decline from peak | -26.03% | 0.00% | -26.03% |
Average DrawdownAverage peak-to-trough decline | -28.10% | -0.00% | -28.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.79% | 0.00% | +6.79% |
Volatility
BKF vs. SGOV - Volatility Comparison
iShares MSCI BRIC ETF (BKF) has a higher volatility of 4.77% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that BKF'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
| BKF | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 0.05% | +4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 12.94% | 0.13% | +12.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.98% | 0.19% | +15.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.53% | 0.24% | +21.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.67% | 0.24% | +21.43% |
BKF vs. SGOV - Expense Ratio Comparison
BKF has a 0.69% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
BKF vs. SGOV - Dividend Comparison
BKF's dividend yield for the trailing twelve months is around 1.59%, less than SGOV's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BKF iShares MSCI BRIC ETF | 1.59% | 1.79% | 2.37% | 1.68% | 2.04% | 2.93% | 1.02% | 1.66% | 2.33% | 1.51% | 1.82% | 3.15% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.80% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BKF 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.
BKF has higher volatility (4.77%) compared to SGOV (0.05%). In terms of maximum drawdown, BKF dropped -70.29% vs SGOV's -0.03%.
On 5-year performance, SGOV leads with 3.62% vs -3.51% for BKF. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SGOV has performed better with a 3.62% return vs -3.51%. 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 0.69% for BKF.
SGOV has the higher dividend yield at 3.80%, compared with 1.59% for BKF.
BKF is categorized as Emerging Markets Equities, while SGOV is Ultrashort Bond. BKF tracks MSCI BRIC Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.69% for BKF and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.83 vs -0.13), 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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