BND.TO vs. SGOV
Compare and contrast key facts about Purpose Global Bond Fund (BND.TO) and iShares 0-3 Month Treasury Bond ETF (SGOV).
BND.TO and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BND.TO or SGOV.
Key characteristics
| BND.TO | SGOV | |
|---|---|---|
| YTD Return | -0.09% | 1.79% |
| 1Y Return | 5.27% | 5.43% |
| 3Y Return (Ann) | 0.37% | 2.83% |
| Sharpe Ratio | 1.13 | 8.53 |
| Daily Std Dev | 4.93% | 0.64% |
| Max Drawdown | -16.55% | -0.39% |
| Current Drawdown | -1.37% | -0.39% |
Correlation
The correlation between BND.TO and SGOV is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BND.TO vs. SGOV - Performance Comparison
In the year-to-date period, BND.TO achieves a -0.09% return, which is significantly lower than SGOV's 1.79% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BND.TO vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Purpose Global Bond Fund (BND.TO) 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.
Dividends
BND.TO vs. SGOV - Dividend Comparison
BND.TO's dividend yield for the trailing twelve months is around 5.41%, more than SGOV's 5.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BND.TO Purpose Global Bond Fund | 5.41% | 5.20% | 4.14% | 3.89% | 3.48% | 3.11% | 3.96% | 3.47% | 3.26% | 0.53% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.19% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BND.TO vs. SGOV - Drawdown Comparison
The maximum BND.TO drawdown since its inception was -16.55%, which is greater than SGOV's maximum drawdown of -0.39%. Use the drawdown chart below to compare losses from any high point for BND.TO and SGOV. For additional features, visit the drawdowns tool.
Volatility
BND.TO vs. SGOV - Volatility Comparison
Purpose Global Bond Fund (BND.TO) has a higher volatility of 1.89% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.61%. This indicates that BND.TO'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.