IBHM vs. SGOV
IBHM (iShares iBonds 2033 Term High Yield and Income ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - IBHM is a High Yield Bonds fund tracking the Bloomberg 2033 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. Their -0.11 correlation means they have often moved in opposite directions in the past. IBHM charges 0.35%/yr vs 0.09%/yr for SGOV.
Performance
IBHM vs. SGOV - Performance Comparison
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Returns By Period
IBHM
- 1D
- -0.08%
- 1M
- -0.73%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SGOV
- 1D
- 0.02%
- 1M
- 0.27%
- 6M
- 1.81%
- YTD
- 2.11%
- 1Y
- 3.83%
- 3Y*
- 4.64%
- 5Y*
- 3.66%
- 10Y*
- —
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $89.93K | $107.48K | $111.05K | |
| $1.83B | $1.81B | $2.03B |
IBHM vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
IBHM iShares iBonds 2033 Term High Yield and Income ETF | 2.23% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.29% |
Correlation
The correlation between IBHM and SGOV is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 26, 2026 | -0.11 |
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Return for Risk
IBHM vs. SGOV — Risk / Return Rank
IBHM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SGOV
IBHM vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds 2033 Term High Yield and Income ETF (IBHM) 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.
| IBHM | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 382.06 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 389.90 | — |
| Martin ratioReturn relative to average drawdown | — | 6,177.21 | — |
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Drawdowns
IBHM vs. SGOV - Drawdown Comparison
The maximum IBHM drawdown since its inception was -1.67%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IBHM and SGOV.
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Drawdown Indicators
| IBHM | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.67% | -0.03% | -1.64% |
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 DrawdownCurrent decline from peak | -0.81% | 0.00% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -0.41% | 0.00% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.00% | — |
Volatility
IBHM vs. SGOV - Volatility Comparison
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Volatility by Period
| IBHM | 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 | 4.73% | 0.19% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.73% | 0.24% | +4.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.73% | 0.23% | +4.50% |
IBHM vs. SGOV - Expense Ratio Comparison
IBHM has a 0.35% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
IBHM vs. SGOV - Dividend Comparison
IBHM's dividend yield for the trailing twelve months is around 1.58%, less than SGOV's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBHM iShares iBonds 2033 Term High Yield and Income ETF | 1.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.43% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
IBHM and SGOV have a correlation of -0.11, 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 0.35% for IBHM.
SGOV has the higher dividend yield at 3.43%, compared with 1.58% for IBHM.
IBHM is categorized as High Yield Bonds, while SGOV is Ultrashort Bond. IBHM tracks Bloomberg 2033 Term High Yield and Income Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.35% for IBHM and 0.09% for SGOV.
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