IBIT vs. SGOV
IBIT (iShares Bitcoin Trust ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, 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, IBIT returned -44.19% vs 3.84% for SGOV. Their 0.03 correlation means their historical movements had little consistent relationship. IBIT charges 0.25%/yr vs 0.09%/yr for SGOV.
Performance
IBIT vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -26.71% return, which is significantly lower than SGOV's 2.14% return.
IBIT
- 1D
- 0.64%
- 1M
- 4.36%
- 6M
- -15.96%
- YTD
- -26.71%
- 1Y
- -44.19%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.86%
SGOV
- 1D
- 0.01%
- 1M
- 0.30%
- 6M
- 1.81%
- YTD
- 2.14%
- 1Y
- 3.84%
- 3Y*
- 4.62%
- 5Y*
- 3.66%
- 10Y*
- —
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.29B | $1.33B | $1.64B | |
| $2.10B | $1.90B | $2.07B |
IBIT vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -26.71% | -6.41% | 89.87% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.14% | 4.24% | 5.12% |
Correlation
The correlation between IBIT and SGOV is -0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.03 |
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Return for Risk
IBIT vs. SGOV — Risk / Return Rank
IBIT
SGOV
IBIT vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) 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.
| IBIT | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.72 | ||
| Sortino ratioReturn per unit of downside risk | -380.71 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 379.49 | -378.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 387.22 | -388.05 |
| Martin ratioReturn relative to average drawdown | -1.27 | 6,134.73 | -6,135.99 |
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Drawdowns
IBIT vs. SGOV - Drawdown Comparison
The maximum IBIT drawdown since its inception was -53.30%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IBIT and SGOV.
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Drawdown Indicators
| IBIT | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.30% | -0.03% | -53.27% |
Max Drawdown (1Y)Largest decline over 1 year | -53.30% | -0.01% | -53.29% |
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 | -48.95% | 0.00% | -48.95% |
Average DrawdownAverage peak-to-trough decline | -18.34% | 0.00% | -18.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.94% | 0.00% | +34.94% |
Volatility
IBIT vs. SGOV - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 8.29% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that IBIT'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.
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Volatility by Period
| IBIT | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.29% | 0.04% | +8.25% |
Volatility (6M)Calculated over the trailing 6-month period | 33.07% | 0.13% | +32.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.40% | 0.19% | +44.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.53% | 0.24% | +49.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.53% | 0.23% | +49.30% |
IBIT vs. SGOV - Expense Ratio Comparison
IBIT has a 0.25% 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
IBIT vs. SGOV - Dividend Comparison
IBIT has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.75% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
IBIT and SGOV have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (8.29%) compared to SGOV (0.04%). In terms of maximum drawdown, IBIT dropped -53.30% vs SGOV's -0.03%.
On 1-year performance, SGOV leads with 3.84% vs -44.19% for IBIT. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SGOV has performed better with a 3.84% return vs -44.19%. 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 0.25% for IBIT.
SGOV has the higher dividend yield at 3.75%, compared with 0.00% for IBIT.
IBIT is categorized as Cryptocurrency, while SGOV is Ultrashort Bond. IBIT tracks CME CF Bitcoin Reference Rate - New York Variant, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.25% for IBIT and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.72 vs -1.00), 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.
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