IAUM vs. SGOV
IAUM (iShares Gold Trust Micro) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - IAUM is a Gold fund tracking the LBMA Gold Price PM, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 3 years, IAUM returned 31.59%/yr vs 4.72%/yr for SGOV. At a 0.02 correlation, their price movements are largely independent. Both charge a 0.09% expense ratio.
Performance
IAUM vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IAUM achieves a 3.84% return, which is significantly higher than SGOV's 1.52% return.
IAUM
- 1D
- 0.81%
- 1M
- -1.65%
- YTD
- 3.84%
- 6M
- 6.39%
- 1Y
- 32.66%
- 3Y*
- 31.59%
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.52%
- 6M
- 1.79%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
IAUM vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 3.84% | 64.27% | 27.04% | 13.12% | -0.49% | 3.87% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.52% | 4.24% | 5.27% | 5.12% | 1.58% | 0.02% |
Correlation
The correlation between IAUM and SGOV is 0.01, 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 (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2021 | 0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IAUM vs. SGOV — Risk / Return Rank
IAUM
SGOV
IAUM vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Gold Trust Micro (IAUM) 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.
| IAUM | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.03 | ||
| Sortino ratioReturn per unit of downside risk | -274.04 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 195.55 | -194.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 398.20 | -396.49 |
| Martin ratioReturn relative to average drawdown | 4.21 | 4,462.00 | -4,457.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| IAUM | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 20.28 | -19.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 14.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 12.49 | -11.32 |
Drawdowns
IAUM vs. SGOV - Drawdown Comparison
The maximum IAUM drawdown since its inception was -20.87%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IAUM and SGOV.
Loading charts...
Drawdown Indicators
| IAUM | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.87% | -0.03% | -20.84% |
Max Drawdown (1Y)Largest decline over 1 year | -19.15% | -0.01% | -19.14% |
Max Drawdown (3Y)Largest decline over 3 years | -19.15% | -0.01% | -19.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -17.01% | 0.00% | -17.01% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -0.00% | -5.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.78% | 0.00% | +7.78% |
Volatility
IAUM vs. SGOV - Volatility Comparison
iShares Gold Trust Micro (IAUM) has a higher volatility of 5.49% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that IAUM'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.
Loading charts...
Volatility by Period
| IAUM | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 0.05% | +5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 22.90% | 0.13% | +22.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.30% | 0.20% | +26.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.86% | 0.24% | +17.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.86% | 0.24% | +17.62% |
IAUM vs. SGOV - Expense Ratio Comparison
Both IAUM and SGOV have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
IAUM vs. SGOV - Dividend Comparison
IAUM has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IAUM iShares Gold Trust Micro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
IAUM and SGOV have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IAUM has higher volatility (5.49%) compared to SGOV (0.05%). In terms of maximum drawdown, IAUM dropped -20.87% vs SGOV's -0.03%.
On 3-year performance, IAUM leads with 31.59% vs 4.72% for SGOV. Both ETFs have the same 0.09% expense ratio. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, IAUM has performed better with a 31.59% return vs 4.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IAUM and SGOV have the same expense ratio: 0.09% per year.
SGOV has the higher dividend yield at 3.86%, compared with 0.00% for IAUM.
IAUM is categorized as Gold, while SGOV is Ultrashort Bond. IAUM tracks LBMA Gold Price PM, while SGOV tracks ICE 0-3 Month US Treasury Securities Index.
SGOV currently has the higher Sharpe Ratio (20.28 vs 1.25), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for IAUM and SGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer