IBHD vs. SGOV

Last updated Jul 12, 2026

IBHD (iShares iBonds 2024 Term High Yield & Income ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - IBHD is a High Yield Bonds fund tracking the Bloomberg 2024 Term High Yield and Income Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. IBHD charges 0.35%/yr vs 0.09%/yr for SGOV.

Performance

IBHD vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds 2024 Term High Yield & Income ETF (IBHD) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBHD

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGOV

• 1D: 0.02%
• 1M: 0.28%
• 6M: 1.80%
• YTD: 1.90%
• 1Y: 3.86%
• 3Y*: 4.67%
• 5Y*: 3.62%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IBHD vs. SGOV - Yearly Performance Comparison

	2026 (YTD)
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%
SGOV iShares 0-3 Month Treasury Bond ETF	1.56%

Return for Risk

IBHD vs. SGOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBHD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IBHD vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2024 Term High Yield & Income ETF (IBHD) 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.

	IBHD	SGOV	Difference
Sharpe ratio: Return per unit of total volatility	—	20.77	—
Sortino ratio: Return per unit of downside risk	—	385.82	—
Omega ratio: Gain probability vs. loss probability	—	386.06	—
Calmar ratio: Return relative to maximum drawdown	—	394.07	—
Martin ratio: Return relative to average drawdown	—	6,243.29	—

Drawdowns

Drawdown Indicators

	IBHD	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	—	-0.03%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-0.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.03%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.00%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	IBHD	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	0.19%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.24%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.24%	—

IBHD vs. SGOV - Expense Ratio Comparison

IBHD has a 0.35% expense ratio, which is higher than SGOV's 0.09% expense ratio.

Dividends

IBHD vs. SGOV - Dividend Comparison

IBHD has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.80%.

Position	TTM	2025	2024	2023	2022	2021	2020
IBHD iShares iBonds 2024 Term High Yield & Income ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SGOV iShares 0-3 Month Treasury Bond ETF	3.80%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%

Frequently Asked Questions

Which ETF is better, IBHD or SGOV?

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.

Which ETF is cheaper, IBHD or SGOV?

SGOV is cheaper with a 0.09% expense ratio, compared with 0.35% for IBHD.

Which ETF pays a higher dividend yield, IBHD or SGOV?

SGOV has the higher dividend yield at 3.80%, compared with 0.00% for IBHD.

What is the main difference between IBHD and SGOV?

IBHD is categorized as High Yield Bonds, while SGOV is Ultrashort Bond. IBHD tracks Bloomberg 2024 Term High Yield and Income Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.35% for IBHD and 0.09% for SGOV.