COLO vs. SGOV
COLO (Global X MSCI Colombia ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - COLO is a Latin America Equities fund tracking the MSCI All Colombia Select 25/50 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, COLO returned 17.04%/yr vs 3.56%/yr for SGOV. At a correlation of -0.02, they often move in opposite directions. COLO charges 0.62%/yr vs 0.09%/yr for SGOV.
Performance
COLO vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, COLO achieves a 24.92% return, which is significantly higher than SGOV's 1.63% return.
COLO
- 1D
- 1.30%
- 1M
- 23.53%
- YTD
- 24.92%
- 6M
- 24.58%
- 1Y
- 63.49%
- 3Y*
- 35.46%
- 5Y*
- 17.04%
- 10Y*
- 7.13%
SGOV
- 1D
- 0.02%
- 1M
- 0.28%
- YTD
- 1.63%
- 6M
- 1.80%
- 1Y
- 3.93%
- 3Y*
- 4.69%
- 5Y*
- 3.56%
- 10Y*
- —
COLO vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
COLO Global X MSCI Colombia ETF | 24.92% | 68.88% | 4.68% | 24.92% | -21.32% | -11.50% | 49.28% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.63% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between COLO and SGOV is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.02 |
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Return for Risk
COLO vs. SGOV — Risk / Return Rank
COLO
SGOV
COLO vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Colombia ETF (COLO) 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.
| COLO | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.56 | ||
| Sortino ratioReturn per unit of downside risk | -270.58 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 194.55 | -193.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.59 | 396.11 | -392.52 |
| Martin ratioReturn relative to average drawdown | 9.71 | 4,438.60 | -4,428.89 |
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Drawdowns
COLO vs. SGOV - Drawdown Comparison
The maximum COLO drawdown since its inception was -78.91%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for COLO and SGOV.
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Drawdown Indicators
| COLO | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.91% | -0.03% | -78.88% |
Max Drawdown (1Y)Largest decline over 1 year | -17.79% | -0.01% | -17.78% |
Max Drawdown (3Y)Largest decline over 3 years | -18.35% | -0.01% | -18.34% |
Max Drawdown (5Y)Largest decline over 5 years | -43.86% | -0.03% | -43.83% |
Max Drawdown (10Y)Largest decline over 10 years | -62.75% | — | — |
Current DrawdownCurrent decline from peak | -15.20% | 0.00% | -15.20% |
Average DrawdownAverage peak-to-trough decline | -40.28% | -0.00% | -40.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 0.00% | +6.56% |
Volatility
COLO vs. SGOV - Volatility Comparison
Global X MSCI Colombia ETF (COLO) has a higher volatility of 11.44% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that COLO'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
| COLO | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.44% | 0.05% | +11.39% |
Volatility (6M)Calculated over the trailing 6-month period | 20.36% | 0.13% | +20.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.09% | 0.19% | +22.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.37% | 0.24% | +23.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.47% | 0.24% | +25.23% |
COLO vs. SGOV - Expense Ratio Comparison
COLO has a 0.62% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
COLO vs. SGOV - Dividend Comparison
COLO's dividend yield for the trailing twelve months is around 6.01%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COLO Global X MSCI Colombia ETF | 6.01% | 7.51% | 6.08% | 6.99% | 12.55% | 2.32% | 3.23% | 3.04% | 3.03% | 1.83% | 1.48% | 1.58% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 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
COLO and SGOV have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COLO has higher volatility (11.44%) compared to SGOV (0.05%). In terms of maximum drawdown, COLO dropped -78.91% vs SGOV's -0.03%.
On 5-year performance, COLO leads with 17.04% vs 3.56% for SGOV. 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, COLO has performed better with a 17.04% return vs 3.56%. 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 0.62% for COLO.
COLO has the higher dividend yield at 6.01%, compared with 3.85% for SGOV.
COLO is categorized as Latin America Equities, while SGOV is Ultrashort Bond. COLO tracks MSCI All Colombia Select 25/50 Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.62% for COLO and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.33 vs 2.77), 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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