IBGA vs. SGOV
IBGA (iShares iBonds Dec 2044 Term Treasury ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - IBGA is a Intermediate Core Bond fund tracking the ICE 2044 Maturity US Treasury Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past year, IBGA returned 5.33% vs 3.95% for SGOV. At a correlation of -0.00, they often move in opposite directions. IBGA charges 0.07%/yr vs 0.09%/yr for SGOV.
Performance
IBGA vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBGA achieves a -0.37% return, which is significantly lower than SGOV's 1.51% return.
IBGA
- 1D
- -0.41%
- 1M
- 0.62%
- YTD
- -0.37%
- 6M
- -1.42%
- 1Y
- 5.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.51%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
IBGA vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBGA iShares iBonds Dec 2044 Term Treasury ETF | -0.37% | 6.09% | -1.41% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.51% | 4.24% | 2.81% |
Correlation
The correlation between IBGA and SGOV is -0.12, 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 | -0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 13, 2024 | -0.00 |
The correlation between IBGA and SGOV shifts across timeframes, from -0.12 (1 year) to -0.00 (all time), reflecting how their relationship changes across market environments.
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
IBGA vs. SGOV — Risk / Return Rank
IBGA
SGOV
IBGA vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2044 Term Treasury ETF (IBGA) 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.
| IBGA | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.63 | ||
| Sortino ratioReturn per unit of downside risk | -274.70 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 195.55 | -194.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.81 | 398.20 | -397.39 |
| Martin ratioReturn relative to average drawdown | 2.23 | 4,462.00 | -4,459.77 |
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
| IBGA | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 20.28 | -19.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 14.73 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 12.48 | -12.27 |
Drawdowns
IBGA vs. SGOV - Drawdown Comparison
The maximum IBGA drawdown since its inception was -11.69%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IBGA and SGOV.
Loading charts...
Drawdown Indicators
| IBGA | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.69% | -0.03% | -11.66% |
Max Drawdown (1Y)Largest decline over 1 year | -6.60% | -0.01% | -6.59% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.01% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -4.67% | 0.00% | -4.67% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -0.00% | -5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.40% | 0.00% | +2.40% |
Volatility
IBGA vs. SGOV - Volatility Comparison
iShares iBonds Dec 2044 Term Treasury ETF (IBGA) has a higher volatility of 2.59% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that IBGA'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
| IBGA | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.59% | 0.05% | +2.54% |
Volatility (6M)Calculated over the trailing 6-month period | 5.68% | 0.13% | +5.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.21% | 0.20% | +8.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.86% | 0.24% | +9.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.86% | 0.24% | +9.62% |
IBGA vs. SGOV - Expense Ratio Comparison
IBGA has a 0.07% 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
IBGA vs. SGOV - Dividend Comparison
IBGA's dividend yield for the trailing twelve months is around 4.66%, more than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBGA iShares iBonds Dec 2044 Term Treasury ETF | 4.66% | 4.49% | 2.03% | 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
IBGA and SGOV have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBGA has higher volatility (2.59%) compared to SGOV (0.05%). In terms of maximum drawdown, IBGA dropped -11.69% vs SGOV's -0.03%.
On 1-year performance, IBGA leads with 5.33% vs 3.95% for SGOV. On fees, IBGA is cheaper at 0.07% per year. 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 1-year period, IBGA has performed better with a 5.33% return vs 3.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBGA is cheaper with a 0.07% expense ratio, compared with 0.09% for SGOV.
IBGA has the higher dividend yield at 4.66%, compared with 3.86% for SGOV.
IBGA is categorized as Intermediate Core Bond, while SGOV is Ultrashort Bond. IBGA tracks ICE 2044 Maturity US Treasury Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.07% for IBGA and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs 0.65), 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 IBGA 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