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 6.80%/yr vs 3.54%/yr for SGOV. At a 0.02 correlation, their price movements are largely independent. 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 -5.19% return, which is significantly lower than SGOV's 1.51% return.
IGV
- 1D
- -4.33%
- 1M
- 13.30%
- YTD
- -5.19%
- 6M
- -6.07%
- 1Y
- -4.56%
- 3Y*
- 14.91%
- 5Y*
- 6.80%
- 10Y*
- 16.89%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.51%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
IGV vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | -5.19% | 5.56% | 23.41% | 58.56% | -35.65% | 12.30% | 35.38% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.51% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Correlation
The correlation between IGV and SGOV is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since May 29, 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.
| IGV | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.44 | ||
| Sortino ratioReturn per unit of downside risk | -275.73 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 195.55 | -194.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 398.20 | -398.32 |
| Martin ratioReturn relative to average drawdown | -0.27 | 4,462.00 | -4,462.27 |
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
| IGV | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.17 | 20.28 | -20.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 14.73 | -14.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 12.48 | -12.12 |
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 | -14.93% | 0.00% | -14.93% |
Average DrawdownAverage peak-to-trough decline | -14.44% | -0.00% | -14.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.22% | 0.00% | +17.22% |
Volatility
IGV vs. SGOV - Volatility Comparison
iShares Expanded Tech-Software Sector ETF (IGV) has a higher volatility of 11.63% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. 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 | 11.63% | 0.05% | +11.58% |
Volatility (6M)Calculated over the trailing 6-month period | 24.39% | 0.13% | +24.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.61% | 0.20% | +27.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.86% | 0.24% | +27.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.35% | 0.24% | +26.11% |
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 has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.86%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGV iShares Expanded Tech-Software Sector ETF | 0.00% | 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 | 3.86% | 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
IGV and SGOV have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGV has higher volatility (11.63%) compared to SGOV (0.05%). In terms of maximum drawdown, IGV dropped -63.45% vs SGOV's -0.03%.
On 5-year performance, IGV leads with 6.80% 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, IGV has performed better with a 6.80% 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 IGV.
SGOV has the higher dividend yield at 3.86%, compared with 0.00% 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 (20.28 vs -0.17), 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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