IGE vs. SGOV
IGE (iShares North American Natural Resources ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - IGE is a Energy Equities fund tracking the S&P North American Natural Resources Sector 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 5 years, IGE returned 17.33%/yr vs 3.54%/yr for SGOV. At a correlation of -0.03, they often move in opposite directions. IGE charges 0.39%/yr vs 0.09%/yr for SGOV.
Performance
IGE vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, IGE achieves a 23.54% return, which is significantly higher than SGOV's 1.52% return.
IGE
- 1D
- 0.46%
- 1M
- -0.16%
- YTD
- 23.54%
- 6M
- 23.23%
- 1Y
- 46.00%
- 3Y*
- 20.66%
- 5Y*
- 17.33%
- 10Y*
- 9.61%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.52%
- 6M
- 1.79%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
IGE vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGE iShares North American Natural Resources ETF | 23.54% | 20.41% | 7.55% | 3.12% | 33.24% | 39.42% | 9.99% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.52% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Correlation
The correlation between IGE and SGOV is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | -0.03 |
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Return for Risk
IGE vs. SGOV — Risk / Return Rank
IGE
SGOV
IGE vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares North American Natural Resources ETF (IGE) 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.
| IGE | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.37 | ||
| Sortino ratioReturn per unit of downside risk | -271.87 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 195.55 | -194.07 |
| Calmar ratioReturn relative to maximum drawdown | 8.34 | 398.20 | -389.86 |
| Martin ratioReturn relative to average drawdown | 20.47 | 4,462.00 | -4,441.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IGE | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.90 | 20.28 | -17.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 14.74 | -13.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 12.49 | -12.18 |
Drawdowns
IGE vs. SGOV - Drawdown Comparison
The maximum IGE drawdown since its inception was -67.55%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IGE and SGOV.
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Drawdown Indicators
| IGE | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.55% | -0.03% | -67.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.54% | -0.01% | -5.53% |
Max Drawdown (3Y)Largest decline over 3 years | -19.49% | -0.01% | -19.48% |
Max Drawdown (5Y)Largest decline over 5 years | -25.72% | -0.03% | -25.69% |
Max Drawdown (10Y)Largest decline over 10 years | -60.57% | — | — |
Current DrawdownCurrent decline from peak | -2.41% | 0.00% | -2.41% |
Average DrawdownAverage peak-to-trough decline | -18.89% | -0.00% | -18.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 0.00% | +2.25% |
Volatility
IGE vs. SGOV - Volatility Comparison
iShares North American Natural Resources ETF (IGE) has a higher volatility of 4.41% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that IGE'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
| IGE | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 0.05% | +4.36% |
Volatility (6M)Calculated over the trailing 6-month period | 12.58% | 0.13% | +12.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.97% | 0.20% | +15.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.45% | 0.24% | +22.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.94% | 0.24% | +24.70% |
IGE vs. SGOV - Expense Ratio Comparison
IGE has a 0.39% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
IGE vs. SGOV - Dividend Comparison
IGE's dividend yield for the trailing twelve months is around 1.89%, less than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGE iShares North American Natural Resources ETF | 1.89% | 2.32% | 2.54% | 2.85% | 2.96% | 2.92% | 3.34% | 5.55% | 2.68% | 2.11% | 1.66% | 3.08% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IGE and SGOV have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGE has higher volatility (4.41%) compared to SGOV (0.05%). In terms of maximum drawdown, IGE dropped -67.55% vs SGOV's -0.03%.
On 5-year performance, IGE leads with 17.33% vs 3.54% 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 5-year period, IGE has performed better with a 17.33% return vs 3.54%. 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 0.39% for IGE.
SGOV has the higher dividend yield at 3.86%, compared with 1.89% for IGE.
IGE is categorized as Energy Equities, while SGOV is Ultrashort Bond. IGE tracks S&P North American Natural Resources Sector Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.39% for IGE and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs 2.90), 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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