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

CRQ.NEO vs. SGVT

Last updated Jun 5, 2026

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. At a correlation of -0.19, 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

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Canadian Fundamental Index ETF (CRQ.NEO) and Schwab Government Money Market ETF (SGVT). The values are adjusted to include any dividend payments, if applicable.

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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 17.22% return, which is significantly higher than SGVT's 2.81% return.

CRQ.NEO

1D
1.11%
1M
4.70%
YTD
17.22%
6M
20.22%
1Y
44.45%
3Y*
26.75%
5Y*
17.85%
10Y*
13.46%

SGVT

1D
0.10%
1M
2.41%
YTD
2.81%
6M
1.34%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

CRQ.NEO vs. SGVT - Yearly Performance Comparison

2026 (YTD)2025
CRQ.NEO
iShares Canadian Fundamental Index ETF		17.22%22.36%
SGVT
Schwab Government Money Market ETF		2.81%3.12%

Correlation

The correlation between CRQ.NEO and SGVT is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 13, 2025

-0.19

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

Schwab Government Money Market ETF

Often compared with CRQ.NEO:
CRQ.NEO vs. SOXXCRQ.NEO vs. VDY.TOCRQ.NEO vs. XCV.TOCRQ.NEO vs. MYCFCRQ.NEO vs. ACWICRQ.NEO vs. RINTCRQ.NEO vs. SGOV
Often compared with SGVT:
SGVT vs. SGOVSGVT vs. SWVXXSGVT vs. PMMFSGVT vs. IQMMSGVT vs. SBILSGVT vs. GMMFSGVT vs. MMKT

Return for Risk

CRQ.NEO vs. SGVT — 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: 9797
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: 9595
Martin Ratio Rank
SGVT
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. 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.

CRQ.NEOSGVTDifference
Sharpe ratioReturn per unit of total volatility
4.55

—

—

Sortino ratioReturn per unit of downside risk
6.36

—

—

Omega ratioGain probability vs. loss probability

2.03

—

—

Calmar ratioReturn relative to maximum drawdown

6.53

—

—

Martin ratioReturn relative to average drawdown

31.92

—

—

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. SGVT - Sharpe Ratio Comparison

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Sharpe Ratios by Period

CRQ.NEOSGVTDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

4.55

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.45

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.83

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

1.33

-0.64

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 -3.77%. Use the drawdown chart below to compare losses from any high point for CRQ.NEO and SGVT.

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Drawdown Indicators

CRQ.NEOSGVTDifference

Max Drawdown

Largest peak-to-trough decline

-41.75%

-3.77%

-37.98%

Max Drawdown (1Y)

Largest decline over 1 year

-6.84%

—

—

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 Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-5.62%

-1.03%

-4.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.40%

—

—

Volatility

CRQ.NEO vs. SGVT - Volatility Comparison

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Volatility by Period

CRQ.NEOSGVTDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.13%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

8.07%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

9.81%

4.66%

+5.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.42%

4.66%

+7.76%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.27%

4.66%

+11.61%

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 1.87%, less than SGVT's 3.12% yield.

PositionTTM20252024202320222021202020192018201720162015
CRQ.NEO
iShares Canadian Fundamental Index ETF		1.87%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		3.12%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 -0.19, 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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