ISCV vs. SGOV
ISCV (iShares Morningstar Small Cap Value ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - ISCV is a Small Cap Value Equities fund tracking the Morningstar US Small Cap Broad Value Extended 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, ISCV returned 6.54%/yr vs 3.54%/yr for SGOV. At a correlation of -0.04, they often move in opposite directions. ISCV charges 0.06%/yr vs 0.09%/yr for SGOV.
Performance
ISCV vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, ISCV achieves a 10.08% return, which is significantly higher than SGOV's 1.51% return.
ISCV
- 1D
- -0.57%
- 1M
- 2.04%
- YTD
- 10.08%
- 6M
- 10.27%
- 1Y
- 27.98%
- 3Y*
- 15.48%
- 5Y*
- 6.54%
- 10Y*
- 8.58%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.51%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
ISCV vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ISCV iShares Morningstar Small Cap Value ETF | 10.08% | 10.38% | 9.31% | 16.55% | -10.58% | 29.15% | 37.04% |
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 ISCV and SGOV is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
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 | -0.04 |
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Return for Risk
ISCV vs. SGOV — Risk / Return Rank
ISCV
SGOV
ISCV vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Small Cap Value ETF (ISCV) 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.
| ISCV | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.54 | ||
| Sortino ratioReturn per unit of downside risk | -273.11 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 195.55 | -194.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 398.20 | -395.16 |
| Martin ratioReturn relative to average drawdown | 10.55 | 4,462.00 | -4,451.45 |
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
| ISCV | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 20.28 | -18.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 14.73 | -14.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 12.48 | -12.12 |
Drawdowns
ISCV vs. SGOV - Drawdown Comparison
The maximum ISCV drawdown since its inception was -63.14%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for ISCV and SGOV.
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Drawdown Indicators
| ISCV | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.14% | -0.03% | -63.11% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | -0.01% | -9.24% |
Max Drawdown (3Y)Largest decline over 3 years | -25.35% | -0.01% | -25.34% |
Max Drawdown (5Y)Largest decline over 5 years | -25.35% | -0.03% | -25.32% |
Max Drawdown (10Y)Largest decline over 10 years | -51.56% | — | — |
Current DrawdownCurrent decline from peak | -0.68% | 0.00% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -9.14% | -0.00% | -9.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 0.00% | +2.66% |
Volatility
ISCV vs. SGOV - Volatility Comparison
iShares Morningstar Small Cap Value ETF (ISCV) has a higher volatility of 3.80% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that ISCV'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
| ISCV | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 0.05% | +3.75% |
Volatility (6M)Calculated over the trailing 6-month period | 10.45% | 0.13% | +10.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.28% | 0.20% | +16.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.83% | 0.24% | +20.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.30% | 0.24% | +23.06% |
ISCV vs. SGOV - Expense Ratio Comparison
ISCV has a 0.06% expense ratio, which is lower than SGOV's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ISCV vs. SGOV - Dividend Comparison
ISCV's dividend yield for the trailing twelve months is around 1.88%, less than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISCV iShares Morningstar Small Cap Value ETF | 1.88% | 2.04% | 2.01% | 2.21% | 2.12% | 1.95% | 2.01% | 2.36% | 2.48% | 1.74% | 2.49% | 2.60% |
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
ISCV and SGOV have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCV has higher volatility (3.80%) compared to SGOV (0.05%). In terms of maximum drawdown, ISCV dropped -63.14% vs SGOV's -0.03%.
On 5-year performance, ISCV leads with 6.54% vs 3.54% for SGOV. On fees, ISCV is cheaper at 0.06% 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, ISCV has performed better with a 6.54% return vs 3.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISCV is cheaper with a 0.06% expense ratio, compared with 0.09% for SGOV.
SGOV has the higher dividend yield at 3.86%, compared with 1.88% for ISCV.
ISCV is categorized as Small Cap Value Equities, while SGOV is Ultrashort Bond. ISCV tracks Morningstar US Small Cap Broad Value Extended Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.06% for ISCV and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.28 vs 1.73), 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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