EDEN vs. SGOV
EDEN (iShares MSCI Denmark ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - EDEN is a Europe Equities fund tracking the MSCI Denmark IMI 25/50 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, EDEN returned 1.99%/yr vs 3.58%/yr for SGOV. At a correlation of -0.01, they often move in opposite directions. EDEN charges 0.53%/yr vs 0.09%/yr for SGOV.
Performance
EDEN vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, EDEN achieves a -3.52% return, which is significantly lower than SGOV's 1.72% return.
EDEN
- 1D
- -0.07%
- 1M
- -1.82%
- YTD
- -3.52%
- 6M
- -4.86%
- 1Y
- -1.96%
- 3Y*
- 3.17%
- 5Y*
- 1.99%
- 10Y*
- 9.31%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.72%
- 6M
- 1.79%
- 1Y
- 3.92%
- 3Y*
- 4.69%
- 5Y*
- 3.58%
- 10Y*
- —
EDEN vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | -3.52% | 10.58% | -3.94% | 17.99% | -11.47% | 14.81% | 40.80% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.72% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between EDEN and SGOV 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 (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.01 |
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Return for Risk
EDEN vs. SGOV — Risk / Return Rank
EDEN
SGOV
EDEN vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Denmark ETF (EDEN) 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.
| EDEN | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.42 | ||
| Sortino ratioReturn per unit of downside risk | -273.55 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 194.05 | -193.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 395.07 | -395.16 |
| Martin ratioReturn relative to average drawdown | -0.20 | 4,426.92 | -4,427.12 |
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Drawdowns
EDEN vs. SGOV - Drawdown Comparison
The maximum EDEN drawdown since its inception was -36.61%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for EDEN and SGOV.
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Drawdown Indicators
| EDEN | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.61% | -0.03% | -36.58% |
Max Drawdown (1Y)Largest decline over 1 year | -21.17% | -0.01% | -21.16% |
Max Drawdown (3Y)Largest decline over 3 years | -29.31% | -0.01% | -29.30% |
Max Drawdown (5Y)Largest decline over 5 years | -36.61% | -0.03% | -36.58% |
Max Drawdown (10Y)Largest decline over 10 years | -36.61% | — | — |
Current DrawdownCurrent decline from peak | -13.97% | 0.00% | -13.97% |
Average DrawdownAverage peak-to-trough decline | -7.39% | -0.00% | -7.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.84% | 0.00% | +9.84% |
Volatility
EDEN vs. SGOV - Volatility Comparison
iShares MSCI Denmark ETF (EDEN) has a higher volatility of 4.76% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that EDEN'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
| EDEN | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 0.04% | +4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 15.71% | 0.13% | +15.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.66% | 0.19% | +20.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 0.24% | +20.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 0.24% | +18.98% |
EDEN vs. SGOV - Expense Ratio Comparison
EDEN has a 0.53% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
EDEN vs. SGOV - Dividend Comparison
EDEN's dividend yield for the trailing twelve months is around 3.17%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDEN iShares MSCI Denmark ETF | 3.17% | 2.79% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 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
EDEN and SGOV 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.
EDEN has higher volatility (4.76%) compared to SGOV (0.04%). In terms of maximum drawdown, EDEN dropped -36.61% vs SGOV's -0.03%.
On 5-year performance, SGOV leads with 3.58% vs 1.99% for EDEN. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SGOV has performed better with a 3.58% return vs 1.99%. 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 0.53% for EDEN.
SGOV has the higher dividend yield at 3.85%, compared with 3.17% for EDEN.
EDEN is categorized as Europe Equities, while SGOV is Ultrashort Bond. EDEN tracks MSCI Denmark IMI 25/50 Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.53% for EDEN and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.32 vs -0.10), 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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