DVY vs. SGOV
DVY (iShares Select Dividend ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend 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, DVY returned 8.68%/yr vs 3.54%/yr for SGOV. At a correlation of -0.03, they often move in opposite directions. DVY charges 0.39%/yr vs 0.09%/yr for SGOV.
Performance
DVY vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DVY achieves a 10.60% return, which is significantly higher than SGOV's 1.52% return.
DVY
- 1D
- 0.81%
- 1M
- 0.23%
- YTD
- 10.60%
- 6M
- 11.31%
- 1Y
- 23.13%
- 3Y*
- 15.97%
- 5Y*
- 8.68%
- 10Y*
- 10.15%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.52%
- 6M
- 1.79%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
DVY vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
DVY iShares Select Dividend ETF | 10.60% | 11.60% | 16.24% | 1.12% | 1.80% | 31.70% | 19.95% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.52% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Correlation
The correlation between DVY and SGOV is -0.09, 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 | -0.09 |
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 29, 2020 | -0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DVY vs. SGOV — Risk / Return Rank
DVY
SGOV
DVY vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Select Dividend ETF (DVY) 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.
| DVY | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.19 | ||
| Sortino ratioReturn per unit of downside risk | -272.63 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 195.55 | -194.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 398.20 | -394.83 |
| Martin ratioReturn relative to average drawdown | 11.90 | 4,462.00 | -4,450.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| DVY | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 20.28 | -18.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 14.74 | -14.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 12.49 | -12.01 |
Drawdowns
DVY vs. SGOV - Drawdown Comparison
The maximum DVY drawdown since its inception was -62.59%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for DVY and SGOV.
Loading charts...
Drawdown Indicators
| DVY | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.59% | -0.03% | -62.56% |
Max Drawdown (1Y)Largest decline over 1 year | -6.89% | -0.01% | -6.88% |
Max Drawdown (3Y)Largest decline over 3 years | -16.00% | -0.01% | -15.99% |
Max Drawdown (5Y)Largest decline over 5 years | -17.54% | -0.03% | -17.51% |
Max Drawdown (10Y)Largest decline over 10 years | -41.59% | — | — |
Current DrawdownCurrent decline from peak | -1.16% | 0.00% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -8.79% | -0.00% | -8.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.95% | 0.00% | +1.95% |
Volatility
DVY vs. SGOV - Volatility Comparison
iShares Select Dividend ETF (DVY) has a higher volatility of 2.83% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that DVY'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.
Loading charts...
Volatility by Period
| DVY | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 0.05% | +2.78% |
Volatility (6M)Calculated over the trailing 6-month period | 7.53% | 0.13% | +7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 0.20% | +10.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.21% | 0.24% | +14.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.01% | 0.24% | +17.77% |
DVY vs. SGOV - Expense Ratio Comparison
DVY has a 0.39% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
DVY vs. SGOV - Dividend Comparison
DVY's dividend yield for the trailing twelve months is around 3.39%, less than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVY iShares Select Dividend ETF | 3.39% | 3.65% | 3.65% | 3.82% | 3.43% | 3.12% | 3.66% | 3.41% | 3.58% | 3.00% | 3.04% | 3.45% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 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
DVY and SGOV have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVY has higher volatility (2.83%) compared to SGOV (0.05%). In terms of maximum drawdown, DVY dropped -62.59% vs SGOV's -0.03%.
On 5-year performance, DVY leads with 8.68% vs 3.54% 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, DVY has performed better with a 8.68% return vs 3.54%. 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 0.39% for DVY.
SGOV has the higher dividend yield at 3.86%, compared with 3.39% for DVY.
DVY is categorized as Large Cap Value Equities, while SGOV is Ultrashort Bond. DVY tracks Dow Jones U.S. Select Dividend Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.39% for DVY and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs 2.09), 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.
Find the right allocation for DVY and SGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer