EEM vs. SGOV
Compare and contrast key facts about iShares MSCI Emerging Markets ETF (EEM) and iShares 0-3 Month Treasury Bond ETF (SGOV).
EEM and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EEM is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Index. It was launched on Apr 11, 2003. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020. Both EEM and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EEM vs. SGOV - Performance Comparison
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EEM vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EEM iShares MSCI Emerging Markets ETF | 4.61% | 33.98% | 6.49% | 8.95% | -20.56% | -3.63% | 41.57% |
SGOV iShares 0-3 Month Treasury Bond ETF | 0.88% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Returns By Period
In the year-to-date period, EEM achieves a 4.61% return, which is significantly higher than SGOV's 0.88% return.
EEM
- 1D
- 0.77%
- 1M
- -6.94%
- YTD
- 4.61%
- 6M
- 7.86%
- 1Y
- 33.69%
- 3Y*
- 16.02%
- 5Y*
- 3.61%
- 10Y*
- 7.66%
SGOV
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 0.88%
- 6M
- 1.89%
- 1Y
- 4.07%
- 3Y*
- 4.80%
- 5Y*
- 3.41%
- 10Y*
- —
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EEM vs. SGOV - Expense Ratio Comparison
EEM has a 0.72% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Return for Risk
EEM vs. SGOV — Risk / Return Rank
EEM
SGOV
EEM vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets ETF (EEM) 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.
| EEM | SGOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.67 | 20.61 | -18.94 |
Sortino ratioReturn per unit of downside risk | 2.26 | 283.87 | -281.61 |
Omega ratioGain probability vs. loss probability | 1.33 | 201.33 | -200.00 |
Calmar ratioReturn relative to maximum drawdown | 2.52 | 411.31 | -408.79 |
Martin ratioReturn relative to average drawdown | 9.62 | 4,618.08 | -4,608.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EEM | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.67 | 20.61 | -18.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 14.12 | -13.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 12.34 | -12.00 |
Correlation
The correlation between EEM and SGOV is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EEM vs. SGOV - Dividend Comparison
EEM's dividend yield for the trailing twelve months is around 2.12%, less than SGOV's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEM iShares MSCI Emerging Markets ETF | 2.12% | 2.22% | 2.43% | 2.63% | 2.50% | 1.99% | 1.45% | 2.76% | 2.24% | 1.89% | 1.89% | 2.49% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.95% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EEM vs. SGOV - Drawdown Comparison
The maximum EEM drawdown since its inception was -66.43%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for EEM and SGOV.
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Drawdown Indicators
| EEM | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.43% | -0.03% | -66.40% |
Max Drawdown (1Y)Largest decline over 1 year | -13.52% | -0.01% | -13.51% |
Max Drawdown (5Y)Largest decline over 5 years | -37.82% | -0.03% | -37.79% |
Max Drawdown (10Y)Largest decline over 10 years | -39.82% | — | — |
Current DrawdownCurrent decline from peak | -9.60% | 0.00% | -9.60% |
Average DrawdownAverage peak-to-trough decline | -16.12% | 0.00% | -16.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 0.00% | +3.55% |
Volatility
EEM vs. SGOV - Volatility Comparison
iShares MSCI Emerging Markets ETF (EEM) has a higher volatility of 9.51% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that EEM'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
| EEM | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.51% | 0.06% | +9.45% |
Volatility (6M)Calculated over the trailing 6-month period | 15.13% | 0.13% | +15.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.24% | 0.20% | +20.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.43% | 0.24% | +18.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.32% | 0.24% | +20.08% |