PBD vs. SGVT

Last updated Jun 16, 2026

PBD (Invesco Global Clean Energy ETF) and SGVT (Schwab Government Money Market ETF) are both exchange-traded funds - PBD is a Alternative Energy Equities fund tracking the WilderHill New Energy Global Innovation index, while SGVT is a Money Market fund actively managed by Charles Schwab. PBD is passively managed, while SGVT is actively managed. Over the past year, PBD returned 72.58% vs 3.74% for SGVT. At a 0.00 correlation, their price movements are largely independent. PBD charges 0.75%/yr vs 0.28%/yr for SGVT.

Performance

PBD vs. SGVT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Clean Energy ETF (PBD) and Schwab Government Money Market ETF (SGVT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBD achieves a 28.03% return, which is significantly higher than SGVT's 1.51% return.

PBD

• 1D: 0.84%
• 1M: -3.12%
• YTD: 28.03%
• 6M: 27.73%
• 1Y: 72.58%
• 3Y*: 4.61%
• 5Y*: -5.27%
• 10Y*: 9.10%

SGVT

• 1D: -0.01%
• 1M: 0.26%
• YTD: 1.51%
• 6M: 1.68%
• 1Y: 3.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PBD vs. SGVT - Yearly Performance Comparison

	2026 (YTD)	2025
PBD Invesco Global Clean Energy ETF	28.03%	32.95%
SGVT Schwab Government Money Market ETF	1.51%	2.22%

Correlation

The correlation between PBD and SGVT is 0.01, 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	0.01
Correlation (All Time) Calculated using the full available price history since Jun 12, 2025	0.00

Return for Risk

PBD vs. SGVT — Risk / Return Rank

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

PBD

PBD Risk / Return Rank: 89
PBD Sharpe Ratio Rank: 92
PBD Sortino Ratio Rank: 86
PBD Omega Ratio Rank: 85
PBD Calmar Ratio Rank: 92
PBD Martin Ratio Rank: 91

SGVT

SGVT Risk / Return Rank: 100
SGVT Sharpe Ratio Rank: 100
SGVT Sortino Ratio Rank: 100
SGVT Omega Ratio Rank: 100
SGVT Calmar Ratio Rank: 100
SGVT 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.

PBD vs. SGVT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Clean Energy ETF (PBD) and Schwab Government Money Market ETF (SGVT). 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.

	PBD	SGVT	Difference
Sharpe ratio: Return per unit of total volatility	2.95	18.33	-15.38
Sortino ratio: Return per unit of downside risk	3.52	100.91	-97.39
Omega ratio: Gain probability vs. loss probability	1.47	36.10	-34.63
Calmar ratio: Return relative to maximum drawdown	5.71	138.97	-133.26
Martin ratio: Return relative to average drawdown	19.24	1,477.41	-1,458.18

PBD vs. SGVT - Sharpe Ratio Comparison

The current PBD Sharpe Ratio is 2.95, which is lower than the SGVT Sharpe Ratio of 18.33. The chart below compares the historical Sharpe Ratios of PBD and SGVT, 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

PBD vs. SGVT - Drawdown Comparison

The maximum PBD drawdown since its inception was -78.60%, which is greater than SGVT's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for PBD and SGVT.

Drawdown Indicators

	PBD	SGVT	Difference
Max Drawdown Largest peak-to-trough decline	-78.60%	-0.03%	-78.57%
Max Drawdown (1Y) Largest decline over 1 year	-12.78%	-0.03%	-12.75%
Max Drawdown (3Y) Largest decline over 3 years	-52.45%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-69.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-75.40%	—	—
Current Drawdown Current decline from peak	-43.63%	-0.01%	-43.62%
Average Drawdown Average peak-to-trough decline	-53.37%	-0.00%	-53.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	0.00%	+3.78%

Volatility

PBD vs. SGVT - Volatility Comparison

Invesco Global Clean Energy ETF (PBD) has a higher volatility of 10.96% compared to Schwab Government Money Market ETF (SGVT) at 0.07%. This indicates that PBD's price experiences larger fluctuations and is considered to be riskier than SGVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBD	SGVT	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.96%	0.07%	+10.89%
Volatility (6M) Calculated over the trailing 6-month period	19.02%	0.13%	+18.89%
Volatility (1Y) Calculated over the trailing 1-year period	24.81%	0.21%	+24.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.59%	0.21%	+28.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.35%	0.21%	+27.14%

PBD vs. SGVT - Expense Ratio Comparison

PBD has a 0.75% expense ratio, which is higher than SGVT's 0.28% expense ratio.

Dividends

PBD vs. SGVT - Dividend Comparison

PBD's dividend yield for the trailing twelve months is around 1.76%, less than SGVT's 3.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBD Invesco Global Clean Energy ETF	1.76%	2.71%	1.81%	2.85%	2.98%	0.67%	0.48%	1.83%	1.86%	1.76%	2.04%	1.24%
SGVT Schwab Government Money Market ETF	3.12%	1.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PBD and SGVT in my portfolio?

PBD and SGVT have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PBD or SGVT?

PBD has higher volatility (10.96%) compared to SGVT (0.07%). In terms of maximum drawdown, PBD dropped -78.60% vs SGVT's -0.03%.

Which ETF is better, PBD or SGVT?

On 1-year performance, PBD leads with 72.58% vs 3.74% for SGVT. On fees, SGVT is cheaper at 0.28% per year. On volatility, SGVT has been the lower-risk option at 0.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PBD or SGVT?

Over the 1-year period, PBD has performed better with a 72.58% return vs 3.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PBD or SGVT?

SGVT is cheaper with a 0.28% expense ratio, compared with 0.75% for PBD.

Which ETF pays a higher dividend yield, PBD or SGVT?

SGVT has the higher dividend yield at 3.12%, compared with 1.76% for PBD.

What is the main difference between PBD and SGVT?

PBD is categorized as Alternative Energy Equities, while SGVT is Money Market. They also come from different issuers: Invesco and Charles Schwab. Their fees differ too: 0.75% for PBD and 0.28% for SGVT.

Which has better risk-adjusted returns?

SGVT currently has the higher Sharpe Ratio (18.33 vs 2.95), 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.