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CRQ.NEO vs. SGOV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

CRQ.NEO vs. SGOV

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Canadian Fundamental Index ETF (CRQ.NEO) and iShares 0-3 Month Treasury Bond ETF (SGOV).

CRQ.NEO and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CRQ.NEO is a passively managed fund by iShares that tracks the performance of the FTSE RAFI Canada Index. It was launched on Feb 22, 2006. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020. Both CRQ.NEO and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CRQ.NEO vs. SGOV - Performance Comparison

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

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CRQ.NEO vs. SGOV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
CRQ.NEO
iShares Canadian Fundamental Index ETF		6.94%31.87%22.17%9.76%0.89%33.95%19.55%
SGOV
iShares 0-3 Month Treasury Bond ETF		2.16%-0.54%14.32%2.80%8.82%-0.86%-7.25%
Different Trading Currencies

CRQ.NEO is traded in CAD, while SGOV is traded in USD. To make them comparable, the SGOV values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CRQ.NEO achieves a 6.94% return, which is significantly higher than SGOV's 2.16% return.

CRQ.NEO

1D
0.18%
1M
-3.04%
YTD
6.94%
6M
15.10%
1Y
37.92%
3Y*
22.48%
5Y*
17.51%
10Y*
13.47%

SGOV

1D
0.00%
1M
1.87%
YTD
2.16%
6M
1.35%
1Y
1.60%
3Y*
5.98%
5Y*
5.55%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Canadian Fundamental Index ETF

iShares 0-3 Month Treasury Bond ETF

Often compared with CRQ.NEO:
CRQ.NEO vs. XCV.TOCRQ.NEO vs. VDY.TOCRQ.NEO vs. SOXXCRQ.NEO vs. ACWICRQ.NEO vs. IAUCRQ.NEO vs. IBITCRQ.NEO vs. TLT
Often compared with SGOV:
SGOV vs. SPAXXSGOV vs. BILSGOV vs. SWVXXSGOV vs. USFRSGOV vs. VMFXXSGOV vs. SCHOSGOV vs. VUSXX

CRQ.NEO vs. SGOV - Expense Ratio Comparison

CRQ.NEO has a 0.72% expense ratio, which is higher than SGOV's 0.09% expense ratio.

CRQ.NEO
iShares Canadian Fundamental Index ETF
SGOV
iShares 0-3 Month Treasury Bond ETF

Return for Risk

CRQ.NEO vs. SGOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
CRQ.NEO
CRQ.NEO Risk / Return Rank: 9696
Overall Rank
CRQ.NEO Sharpe Ratio Rank: 9898
Sharpe Ratio Rank
CRQ.NEO Sortino Ratio Rank: 9797
Sortino Ratio Rank
CRQ.NEO Omega Ratio Rank: 9898
Omega Ratio Rank
CRQ.NEO Calmar Ratio Rank: 9393
Calmar Ratio Rank
CRQ.NEO Martin Ratio Rank: 9696
Martin Ratio Rank
SGOV
SGOV Risk / Return Rank: 100100
Overall Rank
SGOV Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
SGOV Sortino Ratio Rank: 100100
Sortino Ratio Rank
SGOV Omega Ratio Rank: 100100
Omega Ratio Rank
SGOV Calmar Ratio Rank: 100100
Calmar Ratio Rank
SGOV Martin Ratio Rank: 100100
Martin Ratio Rank
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.

CRQ.NEO vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Fundamental Index ETF (CRQ.NEO) 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.

CRQ.NEOSGOVDifference

Sharpe ratio

Return per unit of total volatility

3.18

0.30

+2.87

Sortino ratio

Return per unit of downside risk

4.04

0.44

+3.60

Omega ratio

Gain probability vs. loss probability

1.77

1.06

+0.71

Calmar ratio

Return relative to maximum drawdown

3.82

0.27

+3.55

Martin ratio

Return relative to average drawdown

18.73

0.53

+18.21

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRQ.NEO vs. SGOV - Sharpe Ratio Comparison

The current CRQ.NEO Sharpe Ratio is 3.18, which is higher than the SGOV Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of CRQ.NEO and SGOV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

CRQ.NEOSGOVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.18

0.30

+2.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.42

0.87

+0.55

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.66

0.48

+0.18

Correlation

The correlation between CRQ.NEO and SGOV is -0.38. 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.

Dividends

CRQ.NEO vs. SGOV - Dividend Comparison

CRQ.NEO's dividend yield for the trailing twelve months is around 2.05%, less than SGOV's 3.95% yield.

TTM20252024202320222021202020192018201720162015
CRQ.NEO
iShares Canadian Fundamental Index ETF		2.05%2.18%2.72%2.97%2.90%2.17%2.98%2.71%2.46%1.91%1.89%3.09%
SGOV
iShares 0-3 Month Treasury Bond ETF		3.95%4.10%5.10%4.87%1.45%0.03%0.05%0.00%0.00%0.00%0.00%0.00%

Drawdowns

CRQ.NEO vs. SGOV - Drawdown Comparison

The maximum CRQ.NEO drawdown since its inception was -41.75%, which is greater than SGOV's maximum drawdown of -12.53%. Use the drawdown chart below to compare losses from any high point for CRQ.NEO and SGOV.

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Drawdown Indicators

CRQ.NEOSGOVDifference

Max Drawdown

Largest peak-to-trough decline

-41.75%

-0.03%

-41.72%

Max Drawdown (1Y)

Largest decline over 1 year

-10.35%

-0.01%

-10.34%

Max Drawdown (5Y)

Largest decline over 5 years

-15.82%

-0.03%

-15.79%

Max Drawdown (10Y)

Largest decline over 10 years

-41.75%

—

—

Current Drawdown

Current decline from peak

-3.04%

0.00%

-3.04%

Average Drawdown

Average peak-to-trough decline

-5.68%

0.00%

-5.68%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.11%

0.00%

+2.11%

Volatility

CRQ.NEO vs. SGOV - Volatility Comparison

iShares Canadian Fundamental Index ETF (CRQ.NEO) has a higher volatility of 4.62% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 1.35%. This indicates that CRQ.NEO'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

CRQ.NEOSGOVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.62%

1.35%

+3.27%

Volatility (6M)

Calculated over the trailing 6-month period

8.30%

3.44%

+4.86%

Volatility (1Y)

Calculated over the trailing 1-year period

12.05%

5.33%

+6.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.41%

6.42%

+5.99%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.33%

6.46%

+9.87%