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:
0.41
SGOV:
22.21
GBAB:
0.69
SGOV:
511.09
GBAB:
1.08
SGOV:
512.09
GBAB:
0.23
SGOV:
524.34
GBAB:
0.73
SGOV:
8,323.57
GBAB:
7.22%
SGOV:
0.00%
GBAB:
12.79%
SGOV:
0.24%
GBAB:
-35.80%
SGOV:
-0.03%
GBAB:
-17.39%
SGOV:
0.00%
Returns By Period
In the year-to-date period, GBAB achieves a 3.35% return, which is significantly higher than SGOV's 0.22% return.
GBAB
3.35%
3.89%
1.05%
6.18%
-0.88%
3.57%
SGOV
0.22%
0.38%
2.46%
5.22%
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 9.70%, more than SGOV's 5.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 9.70% | 9.95% | 9.34% | 9.24% | 6.37% | 5.93% | 6.39% | 6.89% | 6.65% | 7.51% | 7.77% | 7.47% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.09% | 5.10% | 4.87% | 1.45% | 0.03% | 0.04% | 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 -35.80%, 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 4.35% 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.