FAI vs. SGVT

Last updated Jun 5, 2026

FAI (First Trust Bloomberg Artificial Intelligence ETF) and SGVT (Schwab Government Money Market ETF) are both exchange-traded funds - FAI is a Technology Equities fund tracking the Bloomberg Artificial Intelligence Index, while SGVT is a Money Market fund actively managed by Charles Schwab. FAI is passively managed, while SGVT is actively managed. At a correlation of -0.10, they often move in opposite directions. FAI charges 0.65%/yr vs 0.28%/yr for SGVT.

Performance

FAI vs. SGVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Bloomberg Artificial Intelligence ETF (FAI) and Schwab Government Money Market ETF (SGVT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAI achieves a 36.77% return, which is significantly higher than SGVT's 1.41% return.

FAI

• 1D: -1.66%
• 1M: 17.27%
• YTD: 36.77%
• 6M: 35.51%
• 1Y: 72.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGVT

• 1D: 0.00%
• 1M: 0.26%
• YTD: 1.41%
• 6M: 1.69%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FAI vs. SGVT - Yearly Performance Comparison

	2026 (YTD)	2025
FAI First Trust Bloomberg Artificial Intelligence ETF	36.77%	22.53%
SGVT Schwab Government Money Market ETF	1.41%	2.22%

Correlation

The correlation between FAI and SGVT is -0.10, 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 (All Time) Calculated using the full available price history since Jun 13, 2025	-0.10

Return for Risk

FAI vs. SGVT — Risk / Return Rank

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

FAI

FAI Risk / Return Rank: 80
FAI Sharpe Ratio Rank: 90
FAI Sortino Ratio Rank: 81
FAI Omega Ratio Rank: 80
FAI Calmar Ratio Rank: 78
FAI Martin Ratio Rank: 69

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.

FAI vs. SGVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Artificial Intelligence ETF (FAI) and Schwab Government Money Market ETF (SGVT). 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.

	FAI	SGVT	Difference
Sharpe ratio: Return per unit of total volatility	2.99	—	—
Sortino ratio: Return per unit of downside risk	3.58	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	3.88	—	—
Martin ratio: Return relative to average drawdown	12.65	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FAI	SGVT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.99	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.70	18.52	-16.82

Drawdowns

FAI vs. SGVT - Drawdown Comparison

The maximum FAI drawdown since its inception was -27.82%, which is greater than SGVT's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for FAI and SGVT.

Drawdown Indicators

	FAI	SGVT	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-0.03%	-27.79%
Max Drawdown (1Y) Largest decline over 1 year	-18.84%	—	—
Current Drawdown Current decline from peak	-2.85%	0.00%	-2.85%
Average Drawdown Average peak-to-trough decline	-5.30%	-0.00%	-5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.77%	—	—

Volatility

Volatility by Period

	FAI	SGVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.40%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.47%	0.20%	+24.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.89%	0.20%	+29.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.89%	0.20%	+29.69%

FAI vs. SGVT - Expense Ratio Comparison

FAI has a 0.65% expense ratio, which is higher than SGVT's 0.28% expense ratio.

Dividends

FAI vs. SGVT - Dividend Comparison

FAI has not paid dividends to shareholders, while SGVT's dividend yield for the trailing twelve months is around 3.12%.

Position	TTM	2025	2024
FAI First Trust Bloomberg Artificial Intelligence ETF	0.00%	0.00%	0.04%
SGVT Schwab Government Money Market ETF	3.12%	1.73%	0.00%

Frequently Asked Questions

Can I hold both FAI and SGVT in my portfolio?

FAI and SGVT 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.

Which ETF is better, FAI or SGVT?

On fees, SGVT is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FAI or SGVT?

SGVT is cheaper with a 0.28% expense ratio, compared with 0.65% for FAI.

Which ETF pays a higher dividend yield, FAI or SGVT?

SGVT has the higher dividend yield at 3.12%, compared with 0.00% for FAI.

What is the main difference between FAI and SGVT?

FAI is categorized as Technology Equities, while SGVT is Money Market. They also come from different issuers: First Trust and Charles Schwab. Their fees differ too: 0.65% for FAI and 0.28% for SGVT.