EVLU vs. SGOV

Last updated Jun 4, 2026

EVLU (iShares MSCI Emerging Markets Value Factor ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - EVLU is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Value Factor Select Index (Net), 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, EVLU returned 72.04% vs 3.95% for SGOV. At a correlation of -0.03, they often move in opposite directions. EVLU charges 0.35%/yr vs 0.09%/yr for SGOV.

Performance

EVLU vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Emerging Markets Value Factor ETF (EVLU) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EVLU achieves a 34.01% return, which is significantly higher than SGOV's 1.51% return.

EVLU

• 1D: -2.27%
• 1M: 15.31%
• YTD: 34.01%
• 6M: 37.37%
• 1Y: 72.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGOV

• 1D: 0.01%
• 1M: 0.29%
• YTD: 1.51%
• 6M: 1.80%
• 1Y: 3.95%
• 3Y*: 4.72%
• 5Y*: 3.54%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EVLU vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EVLU iShares MSCI Emerging Markets Value Factor ETF	34.01%	38.54%	1.61%
SGOV iShares 0-3 Month Treasury Bond ETF	1.51%	4.24%	1.50%

Correlation

The correlation between EVLU and SGOV is -0.13, 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	-0.13
Correlation (All Time) Calculated using the full available price history since Sep 9, 2024	-0.03

Return for Risk

EVLU vs. SGOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EVLU

EVLU Risk / Return Rank: 92
EVLU Sharpe Ratio Rank: 95
EVLU Sortino Ratio Rank: 93
EVLU Omega Ratio Rank: 93
EVLU Calmar Ratio Rank: 90
EVLU Martin Ratio Rank: 90

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EVLU vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Value Factor ETF (EVLU) 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.

	EVLU	SGOV	Difference
Sharpe ratio Return per unit of total volatility	3.80	20.28	-16.47
Sortino ratio Return per unit of downside risk	4.71	275.69	-270.97
Omega ratio Gain probability vs. loss probability	1.67	195.55	-193.89
Calmar ratio Return relative to maximum drawdown	5.61	398.20	-392.59
Martin ratio Return relative to average drawdown	20.79	4,462.00	-4,441.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EVLU vs. SGOV - Sharpe Ratio Comparison

The current EVLU Sharpe Ratio is 3.80, which is lower than the SGOV Sharpe Ratio of 20.28. The chart below compares the historical Sharpe Ratios of EVLU and SGOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EVLU	SGOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.80	20.28	-16.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	14.73	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.23	12.48	-10.25

Drawdowns

EVLU vs. SGOV - Drawdown Comparison

The maximum EVLU drawdown since its inception was -17.17%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for EVLU and SGOV.

Drawdown Indicators

	EVLU	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-17.17%	-0.03%	-17.14%
Max Drawdown (1Y) Largest decline over 1 year	-12.90%	-0.01%	-12.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.03%	—
Current Drawdown Current decline from peak	-2.27%	0.00%	-2.27%
Average Drawdown Average peak-to-trough decline	-3.48%	-0.00%	-3.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	0.00%	+3.48%

Volatility

EVLU vs. SGOV - Volatility Comparison

iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a higher volatility of 9.17% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that EVLU'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.

Volatility by Period

	EVLU	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.17%	0.05%	+9.12%
Volatility (6M) Calculated over the trailing 6-month period	16.23%	0.13%	+16.10%
Volatility (1Y) Calculated over the trailing 1-year period	19.04%	0.20%	+18.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.93%	0.24%	+19.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.93%	0.24%	+19.69%

EVLU vs. SGOV - Expense Ratio Comparison

EVLU has a 0.35% expense ratio, which is higher than SGOV's 0.09% expense ratio.

Dividends

EVLU vs. SGOV - Dividend Comparison

EVLU's dividend yield for the trailing twelve months is around 3.88%, which matches SGOV's 3.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
EVLU iShares MSCI Emerging Markets Value Factor ETF	3.88%	5.20%	1.03%	0.00%	0.00%	0.00%	0.00%
SGOV iShares 0-3 Month Treasury Bond ETF	3.86%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%

Frequently Asked Questions

Can I hold both EVLU and SGOV in my portfolio?

EVLU and SGOV have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EVLU or SGOV?

EVLU has higher volatility (9.17%) compared to SGOV (0.05%). In terms of maximum drawdown, EVLU dropped -17.17% vs SGOV's -0.03%.

Which ETF is better, EVLU or SGOV?

On 1-year performance, EVLU leads with 72.04% vs 3.95% 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.

Which ETF has performed better, EVLU or SGOV?

Over the 1-year period, EVLU has performed better with a 72.04% return vs 3.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EVLU or SGOV?

SGOV is cheaper with a 0.09% expense ratio, compared with 0.35% for EVLU.

Which ETF pays a higher dividend yield, EVLU or SGOV?

EVLU has the higher dividend yield at 3.88%, compared with 3.86% for SGOV.

What is the main difference between EVLU and SGOV?

EVLU is categorized as Emerging Markets Equities, while SGOV is Ultrashort Bond. EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net), while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.35% for EVLU and 0.09% for SGOV.

Which has better risk-adjusted returns?

SGOV currently has the higher Sharpe Ratio (20.28 vs 3.80), 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.