EEMO vs. SGOV
EEMO (Invesco S&P Emerging Markets Momentum ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - EEMO is a Momentum fund tracking the S&P Momentum Emerging Plus LargeMidCap 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, EEMO returned 6.20%/yr vs 3.58%/yr for SGOV. At a correlation of -0.01, they often move in opposite directions. EEMO charges 0.31%/yr vs 0.09%/yr for SGOV.
Performance
EEMO vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EEMO achieves a 35.52% return, which is significantly higher than SGOV's 1.71% return.
EEMO
- 1D
- -8.31%
- 1M
- 6.72%
- YTD
- 35.52%
- 6M
- 35.05%
- 1Y
- 47.55%
- 3Y*
- 23.13%
- 5Y*
- 6.20%
- 10Y*
- 8.71%
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.71%
- 6M
- 1.80%
- 1Y
- 3.92%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
EEMO vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EEMO Invesco S&P Emerging Markets Momentum ETF | 35.52% | 10.99% | 9.88% | 13.90% | -18.73% | -5.57% | 47.39% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.71% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between EEMO and SGOV is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.01 |
The correlation between EEMO and SGOV shifts across timeframes, from -0.15 (1 year) to -0.00 (5 years), reflecting how their relationship changes across market environments.
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
EEMO vs. SGOV — Risk / Return Rank
EEMO
SGOV
EEMO vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Emerging Markets Momentum ETF (EEMO) 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.
| EEMO | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.75 | ||
| Sortino ratioReturn per unit of downside risk | -271.39 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 194.05 | -192.71 |
| Calmar ratioReturn relative to maximum drawdown | 3.24 | 395.07 | -391.83 |
| Martin ratioReturn relative to average drawdown | 11.80 | 4,426.92 | -4,415.12 |
Loading charts...
Drawdowns
EEMO vs. SGOV - Drawdown Comparison
The maximum EEMO drawdown since its inception was -48.47%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for EEMO and SGOV.
Loading charts...
Drawdown Indicators
| EEMO | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.47% | -0.03% | -48.44% |
Max Drawdown (1Y)Largest decline over 1 year | -14.75% | -0.01% | -14.74% |
Max Drawdown (3Y)Largest decline over 3 years | -26.06% | -0.01% | -26.05% |
Max Drawdown (5Y)Largest decline over 5 years | -34.03% | -0.03% | -34.00% |
Max Drawdown (10Y)Largest decline over 10 years | -46.57% | — | — |
Current DrawdownCurrent decline from peak | -8.31% | 0.00% | -8.31% |
Average DrawdownAverage peak-to-trough decline | -20.11% | -0.00% | -20.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 0.00% | +4.04% |
Volatility
EEMO vs. SGOV - Volatility Comparison
Invesco S&P Emerging Markets Momentum ETF (EEMO) has a higher volatility of 20.47% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that EEMO'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
| EEMO | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.47% | 0.06% | +20.41% |
Volatility (6M)Calculated over the trailing 6-month period | 28.78% | 0.13% | +28.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.30% | 0.19% | +30.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 0.24% | +20.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.33% | 0.24% | +22.09% |
EEMO vs. SGOV - Expense Ratio Comparison
EEMO has a 0.31% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
EEMO vs. SGOV - Dividend Comparison
EEMO's dividend yield for the trailing twelve months is around 1.67%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMO Invesco S&P Emerging Markets Momentum ETF | 1.67% | 2.31% | 2.57% | 3.65% | 3.82% | 1.51% | 1.53% | 2.13% | 13.10% | 5.13% | 1.55% | 2.92% |
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
EEMO and SGOV have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEMO has higher volatility (20.47%) compared to SGOV (0.06%). In terms of maximum drawdown, EEMO dropped -48.47% vs SGOV's -0.03%.
On 5-year performance, EEMO leads with 6.20% vs 3.58% for SGOV. 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 5-year period, EEMO has performed better with a 6.20% return vs 3.58%. 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 0.31% for EEMO.
SGOV has the higher dividend yield at 3.85%, compared with 1.67% for EEMO.
EEMO is categorized as Momentum, while SGOV is Ultrashort Bond. EEMO tracks S&P Momentum Emerging Plus LargeMidCap Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.31% for EEMO and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.32 vs 1.58), 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 EEMO 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