IBBQ vs. SGOV
IBBQ (Invesco Nasdaq Biotechnology ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - IBBQ is a Health & Biotech Equities fund tracking the NASDAQ / Biotechnology, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, IBBQ returned 4.77%/yr vs 3.58%/yr for SGOV. At a correlation of -0.04, they often move in opposite directions. IBBQ charges 0.00%/yr vs 0.09%/yr for SGOV.
Performance
IBBQ vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, IBBQ achieves a 8.67% return, which is significantly higher than SGOV's 1.71% return.
IBBQ
- 1D
- 0.93%
- 1M
- 5.09%
- YTD
- 8.67%
- 6M
- 7.00%
- 1Y
- 48.86%
- 3Y*
- 15.18%
- 5Y*
- 4.77%
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.71%
- 6M
- 1.80%
- 1Y
- 3.92%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
IBBQ vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IBBQ Invesco Nasdaq Biotechnology ETF | 8.67% | 33.32% | -0.63% | 4.73% | -10.41% | -6.24% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.71% | 4.24% | 5.27% | 5.12% | 1.58% | 0.02% |
Correlation
The correlation between IBBQ and SGOV is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021 | -0.04 |
The correlation between IBBQ and SGOV shifts across timeframes, from -0.19 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBBQ vs. SGOV — Risk / Return Rank
IBBQ
SGOV
IBBQ vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Biotechnology ETF (IBBQ) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBBQ | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.87 | ||
| Sortino ratioReturn per unit of downside risk | -270.20 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 194.05 | -192.65 |
| Calmar ratioReturn relative to maximum drawdown | 5.89 | 395.07 | -389.18 |
| Martin ratioReturn relative to average drawdown | 18.75 | 4,426.92 | -4,408.17 |
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Drawdowns
IBBQ vs. SGOV - Drawdown Comparison
The maximum IBBQ drawdown since its inception was -37.94%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IBBQ and SGOV.
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Drawdown Indicators
| IBBQ | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.94% | -0.03% | -37.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.34% | -0.01% | -8.33% |
Max Drawdown (3Y)Largest decline over 3 years | -23.66% | -0.01% | -23.65% |
Max Drawdown (5Y)Largest decline over 5 years | -37.94% | -0.03% | -37.91% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -16.66% | -0.00% | -16.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 0.00% | +2.61% |
Volatility
IBBQ vs. SGOV - Volatility Comparison
Invesco Nasdaq Biotechnology ETF (IBBQ) has a higher volatility of 6.82% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that IBBQ'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.
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Volatility by Period
| IBBQ | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.82% | 0.06% | +6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 15.72% | 0.13% | +15.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.03% | 0.19% | +19.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.92% | 0.24% | +21.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.87% | 0.24% | +21.63% |
IBBQ vs. SGOV - Expense Ratio Comparison
IBBQ has a 0.00% expense ratio, which is lower than SGOV's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
IBBQ vs. SGOV - Dividend Comparison
IBBQ's dividend yield for the trailing twelve months is around 0.83%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBBQ Invesco Nasdaq Biotechnology ETF | 0.83% | 0.90% | 1.14% | 0.81% | 0.76% | 0.63% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
IBBQ and SGOV have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBBQ has higher volatility (6.82%) compared to SGOV (0.06%). In terms of maximum drawdown, IBBQ dropped -37.94% vs SGOV's -0.03%.
On 5-year performance, IBBQ leads with 4.77% vs 3.58% for SGOV. On fees, IBBQ is cheaper at 0.00% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IBBQ has performed better with a 4.77% return vs 3.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBBQ is cheaper with a 0.00% expense ratio, compared with 0.09% for SGOV.
SGOV has the higher dividend yield at 3.85%, compared with 0.83% for IBBQ.
IBBQ is categorized as Health & Biotech Equities, while SGOV is Ultrashort Bond. IBBQ tracks NASDAQ / Biotechnology, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.00% for IBBQ and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.32 vs 2.45), 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.
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