INCO vs. SGOV
INCO (Columbia India Consumer ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - INCO is a Asia Pacific Equities fund tracking the Indxx India Consumer 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, INCO returned 5.53%/yr vs 3.55%/yr for SGOV. At a correlation of -0.03, they often move in opposite directions. INCO charges 0.75%/yr vs 0.09%/yr for SGOV.
Performance
INCO vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, INCO achieves a -12.41% return, which is significantly lower than SGOV's 1.56% return.
INCO
- 1D
- -0.65%
- 1M
- -6.27%
- YTD
- -12.41%
- 6M
- -10.02%
- 1Y
- -12.31%
- 3Y*
- 6.45%
- 5Y*
- 5.53%
- 10Y*
- 8.31%
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.56%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.70%
- 5Y*
- 3.55%
- 10Y*
- —
INCO vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
INCO Columbia India Consumer ETF | -12.41% | 0.59% | 12.70% | 34.63% | -7.01% | 19.28% | 39.41% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.56% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Correlation
The correlation between INCO and SGOV is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | -0.03 |
The correlation between INCO and SGOV shifts across timeframes, from -0.11 (1 year) to -0.01 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
INCO vs. SGOV — Risk / Return Rank
INCO
SGOV
INCO vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia India Consumer ETF (INCO) 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.
| INCO | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.01 | ||
| Sortino ratioReturn per unit of downside risk | -276.67 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 195.55 | -194.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 398.20 | -398.78 |
| Martin ratioReturn relative to average drawdown | -1.46 | 4,461.99 | -4,463.45 |
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
| INCO | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.73 | 20.28 | -21.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 14.78 | -14.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 12.50 | -12.08 |
Drawdowns
INCO vs. SGOV - Drawdown Comparison
The maximum INCO drawdown since its inception was -47.69%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for INCO and SGOV.
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Drawdown Indicators
| INCO | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.69% | -0.03% | -47.66% |
Max Drawdown (1Y)Largest decline over 1 year | -21.37% | -0.01% | -21.36% |
Max Drawdown (3Y)Largest decline over 3 years | -29.98% | -0.01% | -29.97% |
Max Drawdown (5Y)Largest decline over 5 years | -29.98% | -0.03% | -29.95% |
Max Drawdown (10Y)Largest decline over 10 years | -47.69% | — | — |
Current DrawdownCurrent decline from peak | -25.40% | 0.00% | -25.40% |
Average DrawdownAverage peak-to-trough decline | -10.58% | -0.00% | -10.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.47% | 0.00% | +8.47% |
Volatility
INCO vs. SGOV - Volatility Comparison
Columbia India Consumer ETF (INCO) has a higher volatility of 5.50% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that INCO'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
| INCO | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.50% | 0.06% | +5.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.33% | 0.13% | +14.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.90% | 0.20% | +16.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 0.24% | +16.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.32% | 0.24% | +20.08% |
INCO vs. SGOV - Expense Ratio Comparison
INCO has a 0.75% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
INCO vs. SGOV - Dividend Comparison
INCO has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
INCO Columbia India Consumer ETF | 0.00% | 0.00% | 2.88% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INCO 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.
INCO has higher volatility (5.50%) compared to SGOV (0.06%). In terms of maximum drawdown, INCO dropped -47.69% vs SGOV's -0.03%.
On 5-year performance, INCO leads with 5.53% vs 3.55% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, INCO has performed better with a 5.53% return vs 3.55%. 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 0.75% for INCO.
SGOV has the higher dividend yield at 3.85%, compared with 0.00% for INCO.
INCO is categorized as Asia Pacific Equities, while SGOV is Ultrashort Bond. INCO tracks Indxx India Consumer Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Ameriprise Financial and iShares. Their fees differ too: 0.75% for INCO and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs -0.73), 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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