OPER vs. SGOV
Compare and contrast key facts about ClearShares Ultra-Short Maturity ETF (OPER) and iShares 0-3 Month Treasury Bond ETF (SGOV).
OPER and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. OPER is an actively managed fund by ClearShares LLC. It was launched on Jul 11, 2018. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPER or SGOV.
Key characteristics
| OPER | SGOV | |
|---|---|---|
| YTD Return | 4.67% | 4.65% |
| 1Y Return | 5.40% | 5.37% |
| 3Y Return (Ann) | 3.86% | 3.79% |
| Sharpe Ratio | 13.46 | 22.02 |
| Sortino Ratio | 34.41 | 529.73 |
| Omega Ratio | 10.47 | 530.73 |
| Calmar Ratio | 46.81 | 543.86 |
| Martin Ratio | 550.71 | 8,633.55 |
| Ulcer Index | 0.01% | 0.00% |
| Daily Std Dev | 0.40% | 0.25% |
| Max Drawdown | -2.33% | -0.03% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between OPER and SGOV is 0.39, 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
OPER vs. SGOV - Performance Comparison
The year-to-date returns for both stocks are quite close, with OPER having a 4.67% return and SGOV slightly lower at 4.65%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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OPER vs. SGOV - Expense Ratio Comparison
OPER has a 0.20% 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
OPER vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearShares Ultra-Short Maturity ETF (OPER) 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
OPER vs. SGOV - Dividend Comparison
OPER's dividend yield for the trailing twelve months is around 5.36%, more than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
OPER ClearShares Ultra-Short Maturity ETF | 5.36% | 5.03% | 1.71% | 0.36% | 0.64% | 2.08% | 0.88% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% |
Drawdowns
OPER vs. SGOV - Drawdown Comparison
The maximum OPER drawdown since its inception was -2.33%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for OPER and SGOV. For additional features, visit the drawdowns tool.
Volatility
OPER vs. SGOV - Volatility Comparison
ClearShares Ultra-Short Maturity ETF (OPER) and iShares 0-3 Month Treasury Bond ETF (SGOV) have volatilities of 0.08% and 0.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.