GBIL vs. SGOV
Compare and contrast key facts about Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) and iShares 0-3 Month Treasury Bond ETF (SGOV).
GBIL and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GBIL is a passively managed fund by Goldman Sachs that tracks the performance of the FTSE US Treasury 0-1 Year Composite Select Index. It was launched on Sep 6, 2016. 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. Both GBIL and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBIL or SGOV.
Performance
GBIL vs. SGOV - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with GBIL having a 4.54% return and SGOV slightly higher at 4.71%.
GBIL
4.54%
0.35%
2.61%
5.25%
2.26%
N/A
SGOV
4.71%
0.41%
2.60%
5.37%
N/A
N/A
Key characteristics
| GBIL | SGOV | |
|---|---|---|
| Sharpe Ratio | 4.75 | 21.97 |
| Sortino Ratio | 6.82 | 530.73 |
| Omega Ratio | 6.64 | 531.73 |
| Calmar Ratio | 7.00 | 544.91 |
| Martin Ratio | 29.80 | 8,650.17 |
| Ulcer Index | 0.18% | 0.00% |
| Daily Std Dev | 1.11% | 0.25% |
| Max Drawdown | -0.76% | -0.03% |
| Current Drawdown | 0.00% | 0.00% |
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GBIL vs. SGOV - Expense Ratio Comparison
GBIL has a 0.12% expense ratio, which is higher than SGOV's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between GBIL and SGOV is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
GBIL vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) 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
GBIL vs. SGOV - Dividend Comparison
GBIL's dividend yield for the trailing twelve months is around 5.09%, less than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
GBIL Goldman Sachs Access Treasury 0-1 Year ETF | 5.09% | 4.77% | 1.37% | 0.00% | 0.81% | 2.20% | 1.70% | 0.74% | 0.11% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
GBIL vs. SGOV - Drawdown Comparison
The maximum GBIL drawdown since its inception was -0.76%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for GBIL and SGOV. For additional features, visit the drawdowns tool.
Volatility
GBIL vs. SGOV - Volatility Comparison
The current volatility for Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) is 0.07%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 0.09%. This indicates that GBIL experiences smaller price fluctuations and is considered to be less risky than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.