CASH.TO vs. SGOV
Compare and contrast key facts about Global X High Interest Savings ETF (CASH.TO) and iShares 0-3 Month Treasury Bond ETF (SGOV).
CASH.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. CASH.TO is an actively managed fund by Global X. It was launched on Nov 1, 2021. 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: CASH.TO or SGOV.
Correlation
The correlation between CASH.TO and SGOV is 0.03, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CASH.TO vs. SGOV - Performance Comparison
Key characteristics
CASH.TO:
11.77
SGOV:
21.26
CASH.TO:
43.83
SGOV:
479.39
CASH.TO:
13.90
SGOV:
480.39
CASH.TO:
61.36
SGOV:
490.95
CASH.TO:
612.28
SGOV:
7,793.55
CASH.TO:
0.01%
SGOV:
0.00%
CASH.TO:
0.31%
SGOV:
0.23%
CASH.TO:
-0.80%
SGOV:
-0.03%
CASH.TO:
0.00%
SGOV:
0.00%
Returns By Period
In the year-to-date period, CASH.TO achieves a 0.89% return, which is significantly lower than SGOV's 1.49% return.
CASH.TO
0.89%
0.22%
1.45%
3.68%
N/A
N/A
SGOV
1.49%
0.36%
2.18%
4.86%
N/A
N/A
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CASH.TO vs. SGOV - Expense Ratio Comparison
CASH.TO has a 0.11% expense ratio, which is higher than SGOV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
CASH.TO vs. SGOV — Risk-Adjusted Performance Rank
CASH.TO
SGOV
CASH.TO vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X High Interest Savings ETF (CASH.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
CASH.TO vs. SGOV - Dividend Comparison
CASH.TO's dividend yield for the trailing twelve months is around 3.67%, less than SGOV's 4.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
CASH.TO Global X High Interest Savings ETF | 3.67% | 4.37% | 5.06% | 2.30% | 0.10% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.71% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
CASH.TO vs. SGOV - Drawdown Comparison
The maximum CASH.TO drawdown since its inception was -0.80%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for CASH.TO and SGOV. For additional features, visit the drawdowns tool.
Volatility
CASH.TO vs. SGOV - Volatility Comparison
Global X High Interest Savings ETF (CASH.TO) has a higher volatility of 2.24% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.07%. This indicates that CASH.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.