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MIG vs. SGOV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

MIG vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Moody's Analytics IG Corporate Bond ETF (MIG) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MIG achieves a 0.53% return, which is significantly lower than SGOV's 1.52% return.


MIG

1D
0.14%
1M
0.37%
YTD
0.53%
6M
0.55%
1Y
4.99%
3Y*
5.74%
5Y*
0.99%
10Y*

SGOV

1D
0.01%
1M
0.29%
YTD
1.52%
6M
1.79%
1Y
3.95%
3Y*
4.72%
5Y*
3.54%
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

MIG vs. SGOV - Yearly Performance Comparison


2026 (YTD)202520242023202220212020
MIG
VanEck Moody's Analytics IG Corporate Bond ETF
0.53%7.34%3.38%8.88%-14.51%-0.02%1.26%
SGOV
iShares 0-3 Month Treasury Bond ETF
1.52%4.24%5.27%5.12%1.58%0.04%0.01%

Correlation

The correlation between MIG and SGOV is -0.10, 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

-0.10

Correlation (3Y)
Calculated over the trailing 3-year period

0.00

Correlation (5Y)
Calculated over the trailing 5-year period

0.02

Correlation (All Time)
Calculated using the full available price history since Dec 3, 2020

0.02

The correlation between MIG and SGOV shifts across timeframes, from -0.10 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.

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Return for Risk

MIG vs. SGOV — Risk / Return Rank

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

MIG
MIG Risk / Return Rank: 3434
Overall Rank
MIG Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
MIG Sortino Ratio Rank: 3333
Sortino Ratio Rank
MIG Omega Ratio Rank: 3232
Omega Ratio Rank
MIG Calmar Ratio Rank: 3636
Calmar Ratio Rank
MIG Martin Ratio Rank: 3333
Martin Ratio Rank

SGOV
SGOV Risk / Return Rank: 100100
Overall Rank
SGOV Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
SGOV Sortino Ratio Rank: 100100
Sortino Ratio Rank
SGOV Omega Ratio Rank: 100100
Omega Ratio Rank
SGOV Calmar Ratio Rank: 100100
Calmar Ratio Rank
SGOV Martin Ratio Rank: 100100
Martin Ratio Rank
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.

MIG vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Moody's Analytics IG Corporate Bond ETF (MIG) 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.


MIGSGOVDifference
Sharpe ratioReturn per unit of total volatility

-19.09

Sortino ratioReturn per unit of downside risk

-273.97

Omega ratioGain probability vs. loss probability

1.21

195.55

-194.35

Calmar ratioReturn relative to maximum drawdown

1.77

398.20

-396.43

Martin ratioReturn relative to average drawdown

4.86

4,462.00

-4,457.13

MIG vs. SGOV - Sharpe Ratio Comparison

The current MIG Sharpe Ratio is 1.19, which is lower than the SGOV Sharpe Ratio of 20.28. The chart below compares the historical Sharpe Ratios of MIG 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.


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Sharpe Ratios by Period


MIGSGOVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.19

20.28

-19.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.16

14.74

-14.58

Sharpe Ratio (All Time)

Calculated using the full available price history

0.15

12.49

-12.34

Drawdowns

MIG vs. SGOV - Drawdown Comparison

The maximum MIG drawdown since its inception was -20.98%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for MIG and SGOV.


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Drawdown Indicators


MIGSGOVDifference

Max Drawdown

Largest peak-to-trough decline

-20.98%

-0.03%

-20.95%

Max Drawdown (1Y)

Largest decline over 1 year

-2.83%

-0.01%

-2.82%

Max Drawdown (3Y)

Largest decline over 3 years

-5.61%

-0.01%

-5.60%

Max Drawdown (5Y)

Largest decline over 5 years

-20.98%

-0.03%

-20.95%

Current Drawdown

Current decline from peak

-1.10%

0.00%

-1.10%

Average Drawdown

Average peak-to-trough decline

-6.80%

-0.00%

-6.80%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.03%

0.00%

+1.03%

Volatility

MIG vs. SGOV - Volatility Comparison

VanEck Moody's Analytics IG Corporate Bond ETF (MIG) has a higher volatility of 1.46% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that MIG'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


MIGSGOVDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.46%

0.05%

+1.41%

Volatility (6M)

Calculated over the trailing 6-month period

3.13%

0.13%

+3.00%

Volatility (1Y)

Calculated over the trailing 1-year period

4.26%

0.20%

+4.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.34%

0.24%

+6.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.22%

0.24%

+5.98%

MIG vs. SGOV - Expense Ratio Comparison

MIG has a 0.20% 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

MIG vs. SGOV - Dividend Comparison

MIG's dividend yield for the trailing twelve months is around 4.77%, more than SGOV's 3.86% yield.


PositionTTM202520242023202220212020
MIG
VanEck Moody's Analytics IG Corporate Bond ETF
4.77%4.81%4.68%4.38%3.06%2.15%0.18%
SGOV
iShares 0-3 Month Treasury Bond ETF
3.86%4.10%5.10%4.87%1.45%0.03%0.05%

Frequently Asked Questions


MIG and SGOV have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MIG has higher volatility (1.46%) compared to SGOV (0.05%). In terms of maximum drawdown, MIG dropped -20.98% vs SGOV's -0.03%.

On 5-year performance, SGOV leads with 3.54% vs 0.99% for MIG. 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, SGOV has performed better with a 3.54% return vs 0.99%. 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 0.20% for MIG.

MIG has the higher dividend yield at 4.77%, compared with 3.86% for SGOV.

MIG is categorized as Corporate Bonds, while SGOV is Ultrashort Bond. MIG tracks MVIS Moody's Analytics US Investment Grade Corporate Bond Index (TR Gross) (MVCI), while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 0.20% for MIG and 0.09% for SGOV.

SGOV currently has the higher Sharpe Ratio (20.28 vs 1.19), 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.

Portfolio Optimizer

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