ITB vs. SGOV
ITB (iShares U.S. Home Construction ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - ITB is a Building & Construction fund tracking the Dow Jones U.S. Select Home Construction 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, ITB returned 6.57%/yr vs 3.66%/yr for SGOV. Their 0.00 correlation means their historical movements had little consistent relationship. ITB charges 0.38%/yr vs 0.09%/yr for SGOV.
Performance
ITB vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, ITB achieves a -1.69% return, which is significantly lower than SGOV's 2.11% return.
ITB
- 1D
- -1.18%
- 1M
- -8.32%
- 6M
- -7.21%
- YTD
- -1.69%
- 1Y
- -5.06%
- 3Y*
- 2.79%
- 5Y*
- 6.57%
- 10Y*
- 13.43%
- ALL TIME*
- 4.08%
SGOV
- 1D
- 0.02%
- 1M
- 0.27%
- 6M
- 1.81%
- YTD
- 2.11%
- 1Y
- 3.83%
- 3Y*
- 4.64%
- 5Y*
- 3.66%
- 10Y*
- —
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $179.18M | $195.32M | $218.82M | |
| $1.83B | $1.81B | $2.03B |
ITB vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ITB iShares U.S. Home Construction ETF | -1.69% | -5.26% | 2.06% | 68.91% | -26.26% | 49.25% | 23.46% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.11% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between ITB and SGOV is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.03 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.00 |
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Return for Risk
ITB vs. SGOV — Risk / Return Rank
ITB
SGOV
ITB vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Home Construction ETF (ITB) 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.
| ITB | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.87 | ||
| Sortino ratioReturn per unit of downside risk | -381.72 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 382.06 | -381.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 389.90 | -390.00 |
| Martin ratioReturn relative to average drawdown | -0.17 | 6,177.21 | -6,177.38 |
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Drawdowns
ITB vs. SGOV - Drawdown Comparison
The maximum ITB drawdown since its inception was -86.53%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for ITB and SGOV.
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Drawdown Indicators
| ITB | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.53% | -0.03% | -86.50% |
Max Drawdown (1Y)Largest decline over 1 year | -26.04% | -0.01% | -26.03% |
Max Drawdown (3Y)Largest decline over 3 years | -33.35% | -0.01% | -33.34% |
Max Drawdown (5Y)Largest decline over 5 years | -40.55% | -0.03% | -40.52% |
Max Drawdown (10Y)Largest decline over 10 years | -52.10% | — | — |
Current DrawdownCurrent decline from peak | -25.47% | 0.00% | -25.47% |
Average DrawdownAverage peak-to-trough decline | -36.98% | 0.00% | -36.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.54% | 0.00% | +14.54% |
Volatility
ITB vs. SGOV - Volatility Comparison
iShares U.S. Home Construction ETF (ITB) has a higher volatility of 8.79% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that ITB'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
| ITB | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.79% | 0.05% | +8.74% |
Volatility (6M)Calculated over the trailing 6-month period | 22.03% | 0.13% | +21.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.51% | 0.19% | +29.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.57% | 0.24% | +29.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.20% | 0.23% | +29.97% |
ITB vs. SGOV - Expense Ratio Comparison
ITB has a 0.38% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
ITB vs. SGOV - Dividend Comparison
ITB's dividend yield for the trailing twelve months is around 0.68%, less than SGOV's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITB iShares U.S. Home Construction ETF | 0.68% | 1.67% | 0.46% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.43% | 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
ITB and SGOV have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITB has higher volatility (8.79%) compared to SGOV (0.05%). In terms of maximum drawdown, ITB dropped -86.53% vs SGOV's -0.03%.
On 5-year performance, ITB leads with 6.57% vs 3.66% 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, ITB has performed better with a 6.57% return vs 3.66%. 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 0.38% for ITB.
SGOV has the higher dividend yield at 3.43%, compared with 0.68% for ITB.
ITB is categorized as Building & Construction, while SGOV is Ultrashort Bond. ITB tracks Dow Jones U.S. Select Home Construction Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.38% for ITB and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.78 vs -0.09), 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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