EUAD vs. SGOV
EUAD (Select STOXX Europe Aerospace & Defense ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - EUAD is a Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense 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 year, EUAD returned -1.29% vs 3.95% for SGOV. At a correlation of -0.09, they often move in opposite directions. EUAD charges 0.50%/yr vs 0.09%/yr for SGOV.
Performance
EUAD vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, EUAD achieves a -4.49% return, which is significantly lower than SGOV's 1.56% return.
EUAD
- 1D
- 0.00%
- 1M
- -1.88%
- YTD
- -4.49%
- 6M
- -3.71%
- 1Y
- -1.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.56%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.70%
- 5Y*
- 3.55%
- 10Y*
- —
EUAD vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EUAD Select STOXX Europe Aerospace & Defense ETF | -4.49% | 74.51% | -3.62% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.56% | 4.24% | 0.89% |
Correlation
The correlation between EUAD and SGOV is -0.10, 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 | -0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024 | -0.09 |
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Return for Risk
EUAD vs. SGOV — Risk / Return Rank
EUAD
SGOV
EUAD vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Select STOXX Europe Aerospace & Defense ETF (EUAD) 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.
| EUAD | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.32 | ||
| Sortino ratioReturn per unit of downside risk | -275.54 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 195.55 | -194.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.06 | 398.20 | -398.26 |
| Martin ratioReturn relative to average drawdown | -0.14 | 4,461.99 | -4,462.13 |
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
| EUAD | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 20.28 | -20.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 14.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.15 | 12.50 | -11.35 |
Drawdowns
EUAD vs. SGOV - Drawdown Comparison
The maximum EUAD drawdown since its inception was -22.04%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for EUAD and SGOV.
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Drawdown Indicators
| EUAD | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.04% | -0.03% | -22.01% |
Max Drawdown (1Y)Largest decline over 1 year | -22.04% | -0.01% | -22.03% |
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 | -16.65% | 0.00% | -16.65% |
Average DrawdownAverage peak-to-trough decline | -5.70% | -0.00% | -5.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.14% | 0.00% | +9.14% |
Volatility
EUAD vs. SGOV - Volatility Comparison
Select STOXX Europe Aerospace & Defense ETF (EUAD) has a higher volatility of 9.32% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that EUAD'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
| EUAD | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.32% | 0.06% | +9.26% |
Volatility (6M)Calculated over the trailing 6-month period | 24.23% | 0.13% | +24.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.23% | 0.20% | +29.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.79% | 0.24% | +29.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.79% | 0.24% | +29.55% |
EUAD vs. SGOV - Expense Ratio Comparison
EUAD has a 0.50% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
EUAD vs. SGOV - Dividend Comparison
EUAD's dividend yield for the trailing twelve months is around 0.42%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUAD Select STOXX Europe Aerospace & Defense ETF | 0.42% | 0.40% | 0.10% | 0.00% | 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
EUAD and SGOV have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EUAD has higher volatility (9.32%) compared to SGOV (0.06%). In terms of maximum drawdown, EUAD dropped -22.04% vs SGOV's -0.03%.
On 1-year performance, SGOV leads with 3.95% vs -1.29% for EUAD. 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 3.95% return vs -1.29%. 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 0.50% for EUAD.
SGOV has the higher dividend yield at 3.85%, compared with 0.42% for EUAD.
EUAD is categorized as Aerospace & Defense, while SGOV is Ultrashort Bond. EUAD tracks STOXX Europe Total Market Aerospace & Defense Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Select Funds and iShares. Their fees differ too: 0.50% for EUAD and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs -0.04), 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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