OBIL vs. SGOV
Compare and contrast key facts about US Treasury 12 Month Bill ETF (OBIL) and iShares 0-3 Month Treasury Bond ETF (SGOV).
OBIL and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OBIL is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA US 1-Year Treasury Bill Index - Benchmark TR Gross. It was launched on Nov 14, 2022. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both OBIL and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OBIL or SGOV.
Correlation
The correlation between OBIL and SGOV is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
OBIL vs. SGOV - Performance Comparison
Key characteristics
OBIL:
7.50
SGOV:
22.08
OBIL:
15.97
SGOV:
500.74
OBIL:
3.64
SGOV:
501.74
OBIL:
24.13
SGOV:
513.36
OBIL:
128.18
SGOV:
8,149.35
OBIL:
0.04%
SGOV:
0.00%
OBIL:
0.69%
SGOV:
0.23%
OBIL:
-0.33%
SGOV:
-0.03%
OBIL:
0.00%
SGOV:
0.00%
Returns By Period
The year-to-date returns for both investments are quite close, with OBIL having a 0.68% return and SGOV slightly higher at 0.69%.
OBIL
0.68%
0.45%
2.28%
5.03%
N/A
N/A
SGOV
0.69%
0.35%
2.33%
5.04%
N/A
N/A
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OBIL vs. SGOV - Expense Ratio Comparison
OBIL has a 0.15% expense ratio, which is higher than SGOV's 0.03% 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%.
Risk-Adjusted Performance
OBIL vs. SGOV — Risk-Adjusted Performance Rank
OBIL
SGOV
OBIL vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 12 Month Bill ETF (OBIL) 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.
Dividends
OBIL vs. SGOV - Dividend Comparison
OBIL's dividend yield for the trailing twelve months is around 4.10%, less than SGOV's 4.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
OBIL US Treasury 12 Month Bill ETF | 4.10% | 4.56% | 4.92% | 0.52% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.58% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
OBIL vs. SGOV - Drawdown Comparison
The maximum OBIL drawdown since its inception was -0.33%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for OBIL and SGOV. For additional features, visit the drawdowns tool.
Volatility
OBIL vs. SGOV - Volatility Comparison
US Treasury 12 Month Bill ETF (OBIL) has a higher volatility of 0.17% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that OBIL'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.