CRQ.NEO vs. SGVT
CRQ.NEO (iShares Canadian Fundamental Index ETF) and SGVT (Schwab Government Money Market ETF) are both exchange-traded funds - CRQ.NEO is a Canada Equities fund tracking the FTSE RAFI Canada Index, while SGVT is a Money Market fund actively managed by Charles Schwab. CRQ.NEO is passively managed, while SGVT is actively managed. Over the past year, CRQ.NEO returned 42.87% vs 7.71% for SGVT. At a correlation of -0.03, they often move in opposite directions. CRQ.NEO charges 0.72%/yr vs 0.28%/yr for SGVT.
Performance
CRQ.NEO vs. SGVT - Performance Comparison
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Different Trading Currencies
CRQ.NEO is traded in CAD, while SGVT is traded in USD. To make them comparable, the SGVT 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 17.86% return, which is significantly higher than SGVT's 5.47% return.
CRQ.NEO
- 1D
- 0.13%
- 1M
- 2.97%
- YTD
- 17.86%
- 6M
- 17.27%
- 1Y
- 42.87%
- 3Y*
- 26.28%
- 5Y*
- 18.12%
- 10Y*
- 13.69%
SGVT
- 1D
- 0.15%
- 1M
- 3.38%
- YTD
- 5.47%
- 6M
- 5.55%
- 1Y
- 7.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CRQ.NEO vs. SGVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 17.86% | 22.82% |
SGVT Schwab Government Money Market ETF | 5.47% | 2.44% |
Correlation
The correlation between CRQ.NEO and SGVT is -0.02, 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 | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025 | -0.03 |
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Return for Risk
CRQ.NEO vs. SGVT — Risk / Return Rank
CRQ.NEO
SGVT
CRQ.NEO vs. SGVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Fundamental Index ETF (CRQ.NEO) and Schwab Government Money Market ETF (SGVT). 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.
| CRQ.NEO | SGVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.52 | ||
| Sortino ratioReturn per unit of downside risk | +3.49 | ||
| Omega ratioGain probability vs. loss probability | 1.93 | 1.32 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 6.33 | 2.07 | +4.26 |
| Martin ratioReturn relative to average drawdown | 30.59 | 5.61 | +24.97 |
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Drawdowns
CRQ.NEO vs. SGVT - Drawdown Comparison
The maximum CRQ.NEO drawdown since its inception was -41.75%, which is greater than SGVT's maximum drawdown of -3.74%. Use the drawdown chart below to compare losses from any high point for CRQ.NEO and SGVT.
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Drawdown Indicators
| CRQ.NEO | SGVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.75% | -3.74% | -38.01% |
Max Drawdown (1Y)Largest decline over 1 year | -6.84% | -3.74% | -3.10% |
Max Drawdown (3Y)Largest decline over 3 years | -11.70% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.82% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.75% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.14% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -5.60% | -0.98% | -4.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.38% | +0.03% |
Volatility
CRQ.NEO vs. SGVT - Volatility Comparison
iShares Canadian Fundamental Index ETF (CRQ.NEO) has a higher volatility of 3.20% compared to Schwab Government Money Market ETF (SGVT) at 1.07%. This indicates that CRQ.NEO's price experiences larger fluctuations and is considered to be riskier than SGVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRQ.NEO | SGVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 1.07% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 8.32% | 3.29% | +5.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.14% | 4.42% | +5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.43% | 4.47% | +7.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.21% | 4.47% | +11.74% |
CRQ.NEO vs. SGVT - Expense Ratio Comparison
CRQ.NEO has a 0.72% expense ratio, which is higher than SGVT's 0.28% expense ratio.
Dividends
CRQ.NEO vs. SGVT - Dividend Comparison
CRQ.NEO's dividend yield for the trailing twelve months is around 1.83%, less than SGVT's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRQ.NEO iShares Canadian Fundamental Index ETF | 1.83% | 2.18% | 2.72% | 2.97% | 2.90% | 2.17% | 2.98% | 2.71% | 2.46% | 1.91% | 1.89% | 3.09% |
SGVT Schwab Government Money Market ETF | 3.11% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CRQ.NEO and SGVT have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGVT is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGVT is cheaper with a 0.28% expense ratio, compared with 0.72% for CRQ.NEO.
CRQ.NEO is categorized as Canada Equities, while SGVT is Money Market. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.72% for CRQ.NEO and 0.28% for SGVT.
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