IBC9.DE vs. SGOV
IBC9.DE (iShares Global High Yield Corporate Bond UCITS ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - IBC9.DE is a High Yield Bonds fund tracking the iBoxx® Global Developed Markets Liquid High Yield Capped, 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, IBC9.DE returned 3.91%/yr vs 4.68%/yr for SGOV. At a 0.31 correlation, their price movements are largely independent. IBC9.DE charges 0.50%/yr vs 0.09%/yr for SGOV.
Performance
IBC9.DE vs. SGOV - Performance Comparison
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Different Trading Currencies
IBC9.DE is traded in EUR, while SGOV is traded in USD. To make them comparable, the SGOV values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBC9.DE achieves a 1.87% return, which is significantly lower than SGOV's 3.54% return.
IBC9.DE
- 1D
- -0.13%
- 1M
- 0.64%
- YTD
- 1.87%
- 6M
- 1.54%
- 1Y
- 4.30%
- 3Y*
- 6.02%
- 5Y*
- 3.91%
- 10Y*
- 4.28%
SGOV
- 1D
- 0.83%
- 1M
- 2.29%
- YTD
- 3.54%
- 6M
- 2.86%
- 1Y
- 3.28%
- 3Y*
- 2.15%
- 5Y*
- 4.68%
- 10Y*
- —
IBC9.DE vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 1.87% | 1.08% | 9.31% | 9.25% | -6.54% | 8.54% | 2.88% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.54% | -8.13% | 12.22% | 1.97% | 7.88% | 7.52% | -9.25% |
Correlation
The correlation between IBC9.DE and SGOV is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | 0.31 |
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Return for Risk
IBC9.DE vs. SGOV — Risk / Return Rank
IBC9.DE
SGOV
IBC9.DE vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) 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.
| IBC9.DE | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.58 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.09 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.88 | 0.86 | +1.02 |
| Martin ratioReturn relative to average drawdown | 6.58 | 1.95 | +4.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBC9.DE | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.52 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.69 | 0.61 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.31 | +0.25 |
Drawdowns
IBC9.DE vs. SGOV - Drawdown Comparison
The maximum IBC9.DE drawdown since its inception was -22.34%, which is greater than SGOV's maximum drawdown of -11.59%. Use the drawdown chart below to compare losses from any high point for IBC9.DE and SGOV.
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Drawdown Indicators
| IBC9.DE | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.34% | -11.59% | -10.75% |
Max Drawdown (1Y)Largest decline over 1 year | -2.13% | -3.84% | +1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -6.78% | -11.53% | +4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -10.01% | -11.59% | +1.58% |
Max Drawdown (10Y)Largest decline over 10 years | -22.34% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -6.03% | +5.90% |
Average DrawdownAverage peak-to-trough decline | -3.23% | -5.75% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 1.68% | -1.07% |
Volatility
IBC9.DE vs. SGOV - Volatility Comparison
The current volatility for iShares Global High Yield Corporate Bond UCITS ETF (IBC9.DE) is 0.84%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 1.37%. This indicates that IBC9.DE 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.
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Volatility by Period
| IBC9.DE | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 1.37% | -0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 4.38% | -1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 6.33% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.64% | 7.70% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.85% | 7.48% | +0.37% |
IBC9.DE vs. SGOV - Expense Ratio Comparison
IBC9.DE has a 0.50% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
IBC9.DE vs. SGOV - Dividend Comparison
IBC9.DE's dividend yield for the trailing twelve months is around 5.56%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBC9.DE iShares Global High Yield Corporate Bond UCITS ETF | 5.56% | 5.55% | 5.32% | 4.88% | 4.06% | 3.76% | 4.80% | 4.78% | 4.77% | 5.03% | 4.78% | 5.18% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBC9.DE and SGOV have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGOV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.50% for IBC9.DE.
IBC9.DE is categorized as High Yield Bonds, while SGOV is Ultrashort Bond. IBC9.DE tracks iBoxx® Global Developed Markets Liquid High Yield Capped, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.50% for IBC9.DE and 0.09% for SGOV.
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