HIGH vs. SGOV
Compare and contrast key facts about Simplify Enhanced Income ETF (HIGH) and iShares 0-3 Month Treasury Bond ETF (SGOV).
HIGH and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIGH is an actively managed fund by Simplify Asset Management Inc.. It was launched on Oct 27, 2022. 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: HIGH or SGOV.
Key characteristics
| HIGH | SGOV | |
|---|---|---|
| YTD Return | 2.80% | 4.65% |
| 1Y Return | 3.77% | 5.37% |
| Sharpe Ratio | 1.09 | 22.02 |
| Sortino Ratio | 1.45 | 529.73 |
| Omega Ratio | 1.28 | 530.73 |
| Calmar Ratio | 1.05 | 543.86 |
| Martin Ratio | 3.00 | 8,633.55 |
| Ulcer Index | 1.18% | 0.00% |
| Daily Std Dev | 3.26% | 0.25% |
| Max Drawdown | -3.39% | -0.03% |
| Current Drawdown | -1.05% | 0.00% |
Correlation
The correlation between HIGH and SGOV is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
HIGH vs. SGOV - Performance Comparison
In the year-to-date period, HIGH achieves a 2.80% return, which is significantly lower than SGOV's 4.65% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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HIGH vs. SGOV - Expense Ratio Comparison
HIGH has a 0.51% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
HIGH vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Enhanced Income ETF (HIGH) 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
HIGH vs. SGOV - Dividend Comparison
HIGH's dividend yield for the trailing twelve months is around 8.82%, more than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
HIGH Simplify Enhanced Income ETF | 8.82% | 9.39% | 0.62% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% |
Drawdowns
HIGH vs. SGOV - Drawdown Comparison
The maximum HIGH drawdown since its inception was -3.39%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for HIGH and SGOV. For additional features, visit the drawdowns tool.
Volatility
HIGH vs. SGOV - Volatility Comparison
Simplify Enhanced Income ETF (HIGH) has a higher volatility of 0.68% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that HIGH'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.