IGV vs. SGOV
IGV (iShares Expanded Tech-Software Sector ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - IGV is a Technology Equities fund tracking the S&P North American Expanded Technology Software 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, IGV returned 3.63%/yr vs 3.66%/yr for SGOV. Their 0.02 correlation means their historical movements had little consistent relationship. IGV charges 0.39%/yr vs 0.09%/yr for SGOV.
Performance
IGV vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, IGV achieves a -7.81% return, which is significantly lower than SGOV's 2.13% return.
IGV
- 1D
- 3.00%
- 1M
- 4.11%
- 6M
- 8.85%
- YTD
- -7.81%
- 1Y
- -10.30%
- 3Y*
- 12.00%
- 5Y*
- 3.63%
- 10Y*
- 16.04%
- ALL TIME*
- 9.49%
SGOV
- 1D
- 0.02%
- 1M
- 0.29%
- 6M
- 1.82%
- YTD
- 2.13%
- 1Y
- 3.85%
- 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) |
|---|---|---|---|
| $1.47B | $1.27B | $1.69B | |
| $1.99B | $1.87B | $2.06B |
IGV vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -7.81% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 37.04% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.13% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between IGV and SGOV is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.04 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.02 |
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Return for Risk
IGV vs. SGOV — Risk / Return Rank
IGV
SGOV
IGV vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Expanded Tech-Software Sector ETF (IGV) 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.
| IGV | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.14 | ||
| Sortino ratioReturn per unit of downside risk | -380.56 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 380.49 | -379.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 388.26 | -388.55 |
| Martin ratioReturn relative to average drawdown | -0.53 | 6,151.27 | -6,151.80 |
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Drawdowns
IGV vs. SGOV - Drawdown Comparison
The maximum IGV drawdown since its inception was -63.45%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IGV and SGOV.
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Drawdown Indicators
| IGV | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.45% | -0.03% | -63.42% |
Max Drawdown (1Y)Largest decline over 1 year | -36.61% | -0.01% | -36.60% |
Max Drawdown (3Y)Largest decline over 3 years | -36.61% | -0.01% | -36.60% |
Max Drawdown (5Y)Largest decline over 5 years | -45.85% | -0.03% | -45.82% |
Max Drawdown (10Y)Largest decline over 10 years | -45.85% | — | — |
Current DrawdownCurrent decline from peak | -17.28% | 0.00% | -17.28% |
Average DrawdownAverage peak-to-trough decline | -14.49% | 0.00% | -14.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.38% | 0.00% | +19.38% |
Volatility
IGV vs. SGOV - Volatility Comparison
iShares Expanded Tech-Software Sector ETF (IGV) has a higher volatility of 7.40% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that IGV'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
| IGV | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.40% | 0.04% | +7.36% |
Volatility (6M)Calculated over the trailing 6-month period | 25.09% | 0.13% | +24.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.25% | 0.19% | +29.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.21% | 0.24% | +27.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.47% | 0.23% | +26.24% |
IGV vs. SGOV - Expense Ratio Comparison
IGV has a 0.39% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
IGV vs. SGOV - Dividend Comparison
IGV's dividend yield for the trailing twelve months is around 0.02%, less than SGOV's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | 0.02% | 0.00% | 0.00% | 0.01% | 0.01% | 0.00% | 0.35% | 0.02% | 0.16% | 0.09% | 0.82% | 0.22% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.75% | 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
IGV and SGOV have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGV has higher volatility (7.40%) compared to SGOV (0.04%). In terms of maximum drawdown, IGV dropped -63.45% vs SGOV's -0.03%.
On 5-year performance, SGOV leads with 3.66% vs 3.63% for IGV. 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 5-year period, SGOV has performed better with a 3.66% return vs 3.63%. 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 IGV.
SGOV has the higher dividend yield at 3.75%, compared with 0.02% for IGV.
IGV is categorized as Technology Equities, while SGOV is Ultrashort Bond. IGV tracks S&P North American Expanded Technology Software Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.39% for IGV and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.78 vs -0.35), 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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