KLMT vs. SGOV

Last updated Jun 24, 2026

KLMT (Invesco MSCI Global Climate 500 ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - KLMT is a Global Equities fund tracking the MSCI ACWI Select Climate 500 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 year, KLMT returned 25.28% vs 3.92% for SGOV. At a correlation of -0.05, they often move in opposite directions. KLMT charges 0.10%/yr vs 0.09%/yr for SGOV.

Performance

KLMT vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco MSCI Global Climate 500 ETF (KLMT) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KLMT achieves a 10.46% return, which is significantly higher than SGOV's 1.71% return.

KLMT

• 1D: -1.92%
• 1M: 0.34%
• YTD: 10.46%
• 6M: 9.86%
• 1Y: 25.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGOV

• 1D: 0.01%
• 1M: 0.28%
• YTD: 1.71%
• 6M: 1.80%
• 1Y: 3.92%
• 3Y*: 4.68%
• 5Y*: 3.58%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

KLMT vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KLMT Invesco MSCI Global Climate 500 ETF	10.46%	21.31%	4.94%
SGOV iShares 0-3 Month Treasury Bond ETF	1.71%	4.24%	2.62%

Correlation

The correlation between KLMT and SGOV is -0.12, 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	-0.12
Correlation (All Time) Calculated using the full available price history since Jun 26, 2024	-0.05

Return for Risk

KLMT vs. SGOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KLMT

KLMT Risk / Return Rank: 63
KLMT Sharpe Ratio Rank: 63
KLMT Sortino Ratio Rank: 62
KLMT Omega Ratio Rank: 62
KLMT Calmar Ratio Rank: 59
KLMT Martin Ratio Rank: 68

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KLMT vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Global Climate 500 ETF (KLMT) 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.

	KLMT	SGOV	Difference
Sharpe ratio: Return per unit of total volatility	1.90	20.32	-18.43
Sortino ratio: Return per unit of downside risk	2.63	273.56	-270.93
Omega ratio: Gain probability vs. loss probability	1.34	194.05	-192.71
Calmar ratio: Return relative to maximum drawdown	2.66	395.07	-392.41
Martin ratio: Return relative to average drawdown	11.28	4,426.92	-4,415.64

KLMT vs. SGOV - Sharpe Ratio Comparison

The current KLMT Sharpe Ratio is 1.90, which is lower than the SGOV Sharpe Ratio of 20.32. The chart below compares the historical Sharpe Ratios of KLMT and SGOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KLMT vs. SGOV - Drawdown Comparison

The maximum KLMT drawdown since its inception was -16.87%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for KLMT and SGOV.

Drawdown Indicators

	KLMT	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-16.87%	-0.03%	-16.84%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-0.01%	-9.53%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.03%	—
Current Drawdown Current decline from peak	-2.18%	0.00%	-2.18%
Average Drawdown Average peak-to-trough decline	-1.91%	-0.00%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	0.00%	+2.25%

Volatility

KLMT vs. SGOV - Volatility Comparison

Invesco MSCI Global Climate 500 ETF (KLMT) has a higher volatility of 5.40% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that KLMT'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.

Volatility by Period

	KLMT	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.40%	0.06%	+5.34%
Volatility (6M) Calculated over the trailing 6-month period	11.08%	0.13%	+10.95%
Volatility (1Y) Calculated over the trailing 1-year period	13.40%	0.19%	+13.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.03%	0.24%	+15.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.03%	0.24%	+15.79%

KLMT vs. SGOV - Expense Ratio Comparison

KLMT has a 0.10% expense ratio, which is higher than SGOV's 0.09% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

KLMT vs. SGOV - Dividend Comparison

KLMT's dividend yield for the trailing twelve months is around 1.78%, less than SGOV's 3.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
KLMT Invesco MSCI Global Climate 500 ETF	1.78%	1.95%	0.85%	0.00%	0.00%	0.00%	0.00%
SGOV iShares 0-3 Month Treasury Bond ETF	3.85%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%

Frequently Asked Questions

Can I hold both KLMT and SGOV in my portfolio?

KLMT and SGOV have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KLMT or SGOV?

KLMT has higher volatility (5.40%) compared to SGOV (0.06%). In terms of maximum drawdown, KLMT dropped -16.87% vs SGOV's -0.03%.

Which ETF is better, KLMT or SGOV?

On 1-year performance, KLMT leads with 25.28% vs 3.92% 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.

Which ETF has performed better, KLMT or SGOV?

Over the 1-year period, KLMT has performed better with a 25.28% return vs 3.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KLMT or SGOV?

SGOV is cheaper with a 0.09% expense ratio, compared with 0.10% for KLMT.

Which ETF pays a higher dividend yield, KLMT or SGOV?

SGOV has the higher dividend yield at 3.85%, compared with 1.78% for KLMT.

What is the main difference between KLMT and SGOV?

KLMT is categorized as Global Equities, while SGOV is Ultrashort Bond. KLMT tracks MSCI ACWI Select Climate 500 Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.10% for KLMT and 0.09% for SGOV.

Which has better risk-adjusted returns?

SGOV currently has the higher Sharpe Ratio (20.32 vs 1.90), 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.