IBTU.L vs. SGOV
Compare and contrast key facts about iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) and iShares 0-3 Month Treasury Bond ETF (SGOV).
IBTU.L and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBTU.L is a passively managed fund by iShares that tracks the performance of the Bloomberg US Government TR USD. It was launched on Feb 20, 2019. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both IBTU.L and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: IBTU.L or SGOV.
Key characteristics
| IBTU.L | SGOV | |
|---|---|---|
| YTD Return | 4.54% | 4.65% |
| 1Y Return | 5.36% | 5.37% |
| 3Y Return (Ann) | 3.51% | 3.79% |
| Sharpe Ratio | 11.62 | 22.02 |
| Sortino Ratio | 30.43 | 529.73 |
| Omega Ratio | 7.08 | 530.73 |
| Calmar Ratio | 67.80 | 543.86 |
| Martin Ratio | 461.69 | 8,633.55 |
| Ulcer Index | 0.01% | 0.00% |
| Daily Std Dev | 0.46% | 0.25% |
| Max Drawdown | -0.62% | -0.03% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between IBTU.L and SGOV is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
IBTU.L vs. SGOV - Performance Comparison
The year-to-date returns for both investments are quite close, with IBTU.L having a 4.54% return and SGOV slightly higher at 4.65%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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IBTU.L vs. SGOV - Expense Ratio Comparison
IBTU.L has a 0.07% expense ratio, which is higher than SGOV's 0.03% 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%.
Risk-Adjusted Performance
IBTU.L vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) 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.
Dividends
IBTU.L vs. SGOV - Dividend Comparison
IBTU.L's dividend yield for the trailing twelve months is around 6.87%, more than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 6.87% | 3.99% | 0.44% | 0.10% | 1.28% | 1.21% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% |
Drawdowns
IBTU.L vs. SGOV - Drawdown Comparison
The maximum IBTU.L drawdown since its inception was -0.62%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IBTU.L and SGOV. For additional features, visit the drawdowns tool.
Volatility
IBTU.L vs. SGOV - Volatility Comparison
iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) has a higher volatility of 0.19% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that IBTU.L'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.