GBAB vs. SGOV
Compare and contrast key facts about Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) and iShares 0-3 Month Treasury Bond ETF (SGOV).
SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBAB or SGOV.
Correlation
The correlation between GBAB 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.
Performance
GBAB vs. SGOV - Performance Comparison
Key characteristics
GBAB:
0.31
SGOV:
21.61
GBAB:
0.52
SGOV:
490.28
GBAB:
1.07
SGOV:
491.28
GBAB:
0.18
SGOV:
502.33
GBAB:
0.47
SGOV:
7,974.31
GBAB:
9.09%
SGOV:
0.00%
GBAB:
13.72%
SGOV:
0.23%
GBAB:
-35.81%
SGOV:
-0.03%
GBAB:
-18.90%
SGOV:
0.00%
Returns By Period
In the year-to-date period, GBAB achieves a 1.51% return, which is significantly higher than SGOV's 1.27% return.
GBAB
1.51%
-2.35%
-7.35%
4.37%
-0.11%
3.50%
SGOV
1.27%
0.38%
2.25%
4.96%
N/A
N/A
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Risk-Adjusted Performance
GBAB vs. SGOV — Risk-Adjusted Performance Rank
GBAB
SGOV
GBAB vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) 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.
Dividends
GBAB vs. SGOV - Dividend Comparison
GBAB's dividend yield for the trailing twelve months is around 10.11%, more than SGOV's 4.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 10.11% | 9.93% | 9.32% | 9.22% | 6.36% | 5.92% | 6.37% | 6.88% | 6.64% | 7.51% | 7.78% | 7.48% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.79% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GBAB vs. SGOV - Drawdown Comparison
The maximum GBAB drawdown since its inception was -35.81%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for GBAB and SGOV. For additional features, visit the drawdowns tool.
Volatility
GBAB vs. SGOV - Volatility Comparison
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) has a higher volatility of 6.84% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that GBAB'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.