KWT vs. SGOV
KWT (iShares MSCI Kuwait ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - KWT is a Financials Equities fund tracking the MSCI All Kuwait Select Size Liquidity Capped 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, KWT returned 8.66%/yr vs 3.58%/yr for SGOV. At a correlation of -0.05, they often move in opposite directions. KWT charges 0.74%/yr vs 0.09%/yr for SGOV.
Performance
KWT vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KWT achieves a -0.88% return, which is significantly lower than SGOV's 1.71% return.
KWT
- 1D
- -0.15%
- 1M
- 0.72%
- YTD
- -0.88%
- 6M
- -2.41%
- 1Y
- 8.71%
- 3Y*
- 9.96%
- 5Y*
- 8.66%
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.71%
- 6M
- 1.80%
- 1Y
- 3.92%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
KWT vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KWT iShares MSCI Kuwait ETF | -0.88% | 25.38% | 11.29% | -4.71% | 5.16% | 30.73% | 7.37% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.71% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.03% |
Correlation
The correlation between KWT and SGOV is -0.07, 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 | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Sep 3, 2020 | -0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KWT vs. SGOV — Risk / Return Rank
KWT
SGOV
KWT vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Kuwait ETF (KWT) 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.
| KWT | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.68 | ||
| Sortino ratioReturn per unit of downside risk | -272.55 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 194.05 | -192.92 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 395.07 | -394.31 |
| Martin ratioReturn relative to average drawdown | 1.75 | 4,426.92 | -4,425.17 |
Loading charts...
Drawdowns
KWT vs. SGOV - Drawdown Comparison
The maximum KWT drawdown since its inception was -24.37%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for KWT and SGOV.
Loading charts...
Drawdown Indicators
| KWT | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.37% | -0.03% | -24.34% |
Max Drawdown (1Y)Largest decline over 1 year | -11.54% | -0.01% | -11.53% |
Max Drawdown (3Y)Largest decline over 3 years | -15.72% | -0.01% | -15.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.37% | -0.03% | -24.34% |
Current DrawdownCurrent decline from peak | -5.67% | 0.00% | -5.67% |
Average DrawdownAverage peak-to-trough decline | -7.29% | -0.00% | -7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.97% | 0.00% | +4.97% |
Volatility
KWT vs. SGOV - Volatility Comparison
iShares MSCI Kuwait ETF (KWT) has a higher volatility of 3.49% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that KWT'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.
Loading charts...
Volatility by Period
| KWT | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 0.06% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 11.72% | 0.13% | +11.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 0.19% | +13.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.65% | 0.24% | +13.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 0.24% | +13.68% |
KWT vs. SGOV - Expense Ratio Comparison
KWT has a 0.74% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
KWT vs. SGOV - Dividend Comparison
KWT's dividend yield for the trailing twelve months is around 5.56%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
KWT iShares MSCI Kuwait ETF | 5.56% | 5.40% | 6.09% | 2.25% | 5.87% | 7.65% | 0.27% |
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
KWT and SGOV have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KWT has higher volatility (3.49%) compared to SGOV (0.06%). In terms of maximum drawdown, KWT dropped -24.37% vs SGOV's -0.03%.
On 5-year performance, KWT leads with 8.66% vs 3.58% 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, KWT has performed better with a 8.66% return vs 3.58%. 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 0.74% for KWT.
KWT has the higher dividend yield at 5.56%, compared with 3.85% for SGOV.
KWT is categorized as Financials Equities, while SGOV is Ultrashort Bond. KWT tracks MSCI All Kuwait Select Size Liquidity Capped Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.74% for KWT and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.32 vs 0.65), 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.
Find the right allocation for KWT and SGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer