DISO vs. SGOV
DISO (YieldMax DIS Option Income Strategy ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - DISO is a Derivative Income fund actively managed by YieldMax, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. DISO is actively managed, while SGOV is passively managed. Over the past year, DISO returned -9.02% vs 3.93% for SGOV. At a correlation of -0.03, they often move in opposite directions. DISO charges 1.01%/yr vs 0.09%/yr for SGOV.
Performance
DISO vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, DISO achieves a -10.18% return, which is significantly lower than SGOV's 1.70% return.
DISO
- 1D
- 0.00%
- 1M
- -1.79%
- YTD
- -10.18%
- 6M
- -8.83%
- 1Y
- -9.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.27%
- YTD
- 1.70%
- 6M
- 1.80%
- 1Y
- 3.93%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
DISO vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DISO YieldMax DIS Option Income Strategy ETF | -10.18% | 2.12% | 14.56% | 9.17% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.70% | 4.24% | 5.27% | 1.88% |
Correlation
The correlation between DISO and SGOV is -0.12, 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 (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2023 | -0.03 |
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Return for Risk
DISO vs. SGOV — Risk / Return Rank
DISO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SGOV
DISO vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax DIS Option Income Strategy ETF (DISO) 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.
| DISO | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.83 | ||
| Sortino ratioReturn per unit of downside risk | -274.78 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 194.55 | -193.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | 396.11 | -396.61 |
| Martin ratioReturn relative to average drawdown | -1.08 | 4,438.60 | -4,439.67 |
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Drawdowns
DISO vs. SGOV - Drawdown Comparison
The maximum DISO drawdown since its inception was -26.62%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for DISO and SGOV.
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Drawdown Indicators
| DISO | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -0.03% | -26.59% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -0.01% | -18.07% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -12.68% | 0.00% | -12.68% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -0.00% | -7.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.38% | 0.00% | +8.38% |
Volatility
DISO vs. SGOV - Volatility Comparison
YieldMax DIS Option Income Strategy ETF (DISO) has a higher volatility of 3.29% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that DISO'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
| DISO | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 0.06% | +3.23% |
Volatility (6M)Calculated over the trailing 6-month period | 15.73% | 0.13% | +15.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.06% | 0.19% | +19.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.36% | 0.24% | +21.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.36% | 0.24% | +21.12% |
DISO vs. SGOV - Expense Ratio Comparison
DISO has a 1.01% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
DISO vs. SGOV - Dividend Comparison
DISO has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DISO YieldMax DIS Option Income Strategy ETF | 40.16% | 38.87% | 37.33% | 6.87% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
DISO and SGOV have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DISO has higher volatility (3.29%) compared to SGOV (0.06%). In terms of maximum drawdown, DISO dropped -26.62% vs SGOV's -0.03%.
On 1-year performance, SGOV leads with 3.93% vs -9.02% for DISO. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SGOV has performed better with a 3.93% return vs -9.02%. 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 1.01% for DISO.
DISO has the higher dividend yield at 40.16%, compared with 3.85% for SGOV.
DISO is categorized as Derivative Income, while SGOV is Ultrashort Bond. They also come from different issuers: YieldMax and iShares. Their fees differ too: 1.01% for DISO and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.38 vs -0.45), 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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