IBID vs. SGOV

Last updated Jun 24, 2026

IBID (iShares iBonds Oct 2027 Term TIPS ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - IBID is a Inflation-Protected Bonds fund tracking the ICE 2027 Maturity US Inflation-Linked 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, IBID returned 3.92% vs 3.92% for SGOV. At a 0.12 correlation, their price movements are largely independent. IBID charges 0.10%/yr vs 0.09%/yr for SGOV.

Performance

IBID vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Oct 2027 Term TIPS ETF (IBID) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IBID achieves a 1.94% return, which is significantly higher than SGOV's 1.71% return.

IBID

• 1D: -0.05%
• 1M: -0.25%
• YTD: 1.94%
• 6M: 2.03%
• 1Y: 3.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGOV

• 1D: 0.01%
• 1M: 0.28%
• YTD: 1.71%
• 6M: 1.80%
• 1Y: 3.92%
• 3Y*: 4.68%
• 5Y*: 3.58%
• 10Y*: —

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

IBID vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
IBID iShares iBonds Oct 2027 Term TIPS ETF	1.94%	5.66%	4.71%	2.61%
SGOV iShares 0-3 Month Treasury Bond ETF	1.71%	4.24%	5.27%	1.57%

Correlation

The correlation between IBID and SGOV is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.12

Return for Risk

IBID vs. SGOV — Risk / Return Rank

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

IBID

IBID Risk / Return Rank: 95
IBID Sharpe Ratio Rank: 94
IBID Sortino Ratio Rank: 96
IBID Omega Ratio Rank: 95
IBID Calmar Ratio Rank: 95
IBID Martin Ratio Rank: 95

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.

IBID vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2027 Term TIPS ETF (IBID) 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.

	IBID	SGOV	Difference
Sharpe ratio: Return per unit of total volatility	3.19	20.32	-17.13
Sortino ratio: Return per unit of downside risk	5.38	273.56	-268.18
Omega ratio: Gain probability vs. loss probability	1.72	194.05	-192.33
Calmar ratio: Return relative to maximum drawdown	7.20	395.07	-387.87
Martin ratio: Return relative to average drawdown	29.14	4,426.92	-4,397.78

IBID vs. SGOV - Sharpe Ratio Comparison

The current IBID Sharpe Ratio is 3.19, which is lower than the SGOV Sharpe Ratio of 20.32. The chart below compares the historical Sharpe Ratios of IBID and SGOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IBID vs. SGOV - Drawdown Comparison

The maximum IBID drawdown since its inception was -1.28%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IBID and SGOV.

Drawdown Indicators

	IBID	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-1.28%	-0.03%	-1.25%
Max Drawdown (1Y) Largest decline over 1 year	-0.55%	-0.01%	-0.54%
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	-0.55%	0.00%	-0.55%
Average Drawdown Average peak-to-trough decline	-0.22%	-0.00%	-0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.13%	0.00%	+0.13%

Volatility

IBID vs. SGOV - Volatility Comparison

iShares iBonds Oct 2027 Term TIPS ETF (IBID) has a higher volatility of 0.35% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that IBID'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.

Volatility by Period

	IBID	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.35%	0.06%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	0.86%	0.13%	+0.73%
Volatility (1Y) Calculated over the trailing 1-year period	1.23%	0.19%	+1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.24%	0.24%	+2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.24%	0.24%	+2.00%

IBID vs. SGOV - Expense Ratio Comparison

IBID has a 0.10% expense ratio, which is higher than SGOV's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

IBID vs. SGOV - Dividend Comparison

IBID's dividend yield for the trailing twelve months is around 3.68%, less than SGOV's 3.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
IBID iShares iBonds Oct 2027 Term TIPS ETF	3.68%	4.43%	4.24%	0.81%	0.00%	0.00%	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

Can I hold both IBID and SGOV in my portfolio?

IBID and SGOV have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IBID or SGOV?

IBID has higher volatility (0.35%) compared to SGOV (0.06%). In terms of maximum drawdown, IBID dropped -1.28% vs SGOV's -0.03%.

Which ETF is better, IBID or SGOV?

On 1-year performance, SGOV leads with 3.92% vs 3.92% for IBID. On fees, SGOV is cheaper at 0.09% 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.

Which ETF has performed better, IBID or SGOV?

Over the 1-year period, SGOV has performed better with a 3.92% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IBID or SGOV?

SGOV is cheaper with a 0.09% expense ratio, compared with 0.10% for IBID.

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

SGOV has the higher dividend yield at 3.85%, compared with 3.68% for IBID.

What is the main difference between IBID and SGOV?

IBID is categorized as Inflation-Protected Bonds, while SGOV is Ultrashort Bond. IBID tracks ICE 2027 Maturity US Inflation-Linked Treasury Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.10% for IBID and 0.09% for SGOV.

Which has better risk-adjusted returns?

SGOV currently has the higher Sharpe Ratio (20.32 vs 3.19), 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.