IBIK vs. SGOV
IBIK (iShares iBonds Oct 2034 Term TIPS ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - IBIK is a Inflation-Protected Bonds fund tracking the iBonds Oct 2034 Term TIPS 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, IBIK returned 5.54% vs 3.95% for SGOV. At a 0.02 correlation, their price movements are largely independent. IBIK charges 0.10%/yr vs 0.09%/yr for SGOV.
Performance
IBIK vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBIK achieves a 1.43% return, which is significantly lower than SGOV's 1.52% return.
IBIK
- 1D
- -0.02%
- 1M
- -0.29%
- YTD
- 1.43%
- 6M
- 1.01%
- 1Y
- 5.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.52%
- 6M
- 1.79%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
IBIK vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIK iShares iBonds Oct 2034 Term TIPS ETF | 1.43% | 8.78% | 1.43% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.52% | 4.24% | 3.04% |
Correlation
The correlation between IBIK and SGOV is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 28, 2024 | 0.02 |
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
IBIK vs. SGOV — Risk / Return Rank
IBIK
SGOV
IBIK vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Oct 2034 Term TIPS ETF (IBIK) 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.
| IBIK | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.94 | ||
| Sortino ratioReturn per unit of downside risk | -273.68 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 195.55 | -194.32 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 398.20 | -395.97 |
| Martin ratioReturn relative to average drawdown | 7.74 | 4,462.00 | -4,454.26 |
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
| IBIK | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | 20.28 | -18.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 14.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.08 | 12.49 | -11.41 |
Drawdowns
IBIK vs. SGOV - Drawdown Comparison
The maximum IBIK drawdown since its inception was -5.59%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IBIK and SGOV.
Loading charts...
Drawdown Indicators
| IBIK | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.59% | -0.03% | -5.56% |
Max Drawdown (1Y)Largest decline over 1 year | -2.50% | -0.01% | -2.49% |
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 | -0.67% | 0.00% | -0.67% |
Average DrawdownAverage peak-to-trough decline | -1.24% | -0.00% | -1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.00% | +0.72% |
Volatility
IBIK vs. SGOV - Volatility Comparison
iShares iBonds Oct 2034 Term TIPS ETF (IBIK) has a higher volatility of 1.19% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that IBIK'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
| IBIK | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.05% | +1.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 0.13% | +2.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.20% | 0.20% | +4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.33% | 0.24% | +5.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.33% | 0.24% | +5.09% |
IBIK vs. SGOV - Expense Ratio Comparison
IBIK 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
IBIK vs. SGOV - Dividend Comparison
IBIK's dividend yield for the trailing twelve months is around 3.73%, less than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBIK iShares iBonds Oct 2034 Term TIPS ETF | 3.73% | 4.43% | 2.67% | 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
IBIK and SGOV have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIK has higher volatility (1.19%) compared to SGOV (0.05%). In terms of maximum drawdown, IBIK dropped -5.59% vs SGOV's -0.03%.
On 1-year performance, IBIK leads with 5.54% vs 3.95% for SGOV. On fees, SGOV is cheaper at 0.09% 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, IBIK has performed better with a 5.54% return vs 3.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.10% for IBIK.
SGOV has the higher dividend yield at 3.86%, compared with 3.73% for IBIK.
IBIK is categorized as Inflation-Protected Bonds, while SGOV is Ultrashort Bond. IBIK tracks iBonds Oct 2034 Term TIPS Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.10% for IBIK and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs 1.33), 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 IBIK 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