IVRS vs. SGOV
IVRS (iShares Future Metaverse Tech And Communications ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - IVRS is a Technology Equities fund tracking the Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 3 years, IVRS returned 7.73%/yr vs 4.62%/yr for SGOV. Their 0.02 correlation means their historical movements had little consistent relationship. IVRS charges 0.47%/yr vs 0.09%/yr for SGOV.
Performance
IVRS vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, IVRS achieves a -7.07% return, which is significantly lower than SGOV's 2.13% return.
IVRS
- 1D
- 2.16%
- 1M
- 0.63%
- 6M
- -1.65%
- YTD
- -7.07%
- 1Y
- -11.56%
- 3Y*
- 7.73%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.16%
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) |
|---|---|---|---|
| $45.64K | $34.99K | $21.63K | |
| $1.99B | $1.87B | $2.06B |
IVRS vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | -7.07% | 12.75% | 7.40% | 28.15% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.13% | 4.24% | 5.27% | 4.58% |
Correlation
The correlation between IVRS and SGOV is -0.03, 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. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2023 | 0.02 |
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Return for Risk
IVRS vs. SGOV — Risk / Return Rank
IVRS
SGOV
IVRS vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Future Metaverse Tech And Communications ETF (IVRS) 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.
| IVRS | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.27 | ||
| Sortino ratioReturn per unit of downside risk | -380.77 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 380.49 | -379.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 388.26 | -388.63 |
| Martin ratioReturn relative to average drawdown | -0.69 | 6,151.27 | -6,151.96 |
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Drawdowns
IVRS vs. SGOV - Drawdown Comparison
The maximum IVRS drawdown since its inception was -31.43%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IVRS and SGOV.
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Drawdown Indicators
| IVRS | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.43% | -0.03% | -31.40% |
Max Drawdown (1Y)Largest decline over 1 year | -31.43% | -0.01% | -31.42% |
Max Drawdown (3Y)Largest decline over 3 years | -31.43% | -0.01% | -31.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -20.06% | 0.00% | -20.06% |
Average DrawdownAverage peak-to-trough decline | -6.51% | 0.00% | -6.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.79% | 0.00% | +16.79% |
Volatility
IVRS vs. SGOV - Volatility Comparison
iShares Future Metaverse Tech And Communications ETF (IVRS) has a higher volatility of 7.97% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that IVRS'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
| IVRS | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.97% | 0.04% | +7.93% |
Volatility (6M)Calculated over the trailing 6-month period | 19.96% | 0.13% | +19.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.89% | 0.19% | +23.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 0.24% | +20.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.88% | 0.23% | +20.65% |
IVRS vs. SGOV - Expense Ratio Comparison
IVRS has a 0.47% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
IVRS vs. SGOV - Dividend Comparison
IVRS's dividend yield for the trailing twelve months is around 8.62%, more than SGOV's 3.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IVRS iShares Future Metaverse Tech And Communications ETF | 8.62% | 7.88% | 6.65% | 0.48% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.75% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
IVRS and SGOV have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVRS has higher volatility (7.97%) compared to SGOV (0.04%). In terms of maximum drawdown, IVRS dropped -31.43% vs SGOV's -0.03%.
On 3-year performance, IVRS leads with 7.73% vs 4.62% for SGOV. 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 3-year period, IVRS has performed better with a 7.73% return vs 4.62%. 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 0.47% for IVRS.
IVRS has the higher dividend yield at 8.62%, compared with 3.75% for SGOV.
IVRS is categorized as Technology Equities, while SGOV is Ultrashort Bond. IVRS tracks Morningstar Global Metaverse & Virtual Interaction Select Index - Benchmark TR Net, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.47% for IVRS and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.78 vs -0.49), 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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