PST vs. SGOV
Compare and contrast key facts about ProShares UltraShort 7-10 Year Treasury (PST) and iShares 0-3 Month Treasury Bond ETF (SGOV).
PST and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PST is a passively managed fund by ProShares that tracks the performance of the ICE BofA US Treasury (7-10 Y) (-200%). It was launched on May 1, 2008. 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 PST 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: PST or SGOV.
Key characteristics
| PST | SGOV | |
|---|---|---|
| YTD Return | 12.28% | 1.67% |
| 1Y Return | 22.10% | 5.37% |
| 3Y Return (Ann) | 15.49% | 2.79% |
| Sharpe Ratio | 1.23 | 21.88 |
| Daily Std Dev | 17.05% | 0.25% |
| Max Drawdown | -79.25% | -0.03% |
| Current Drawdown | -64.10% | 0.00% |
Correlation
The correlation between PST and SGOV is 0.02, 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
PST vs. SGOV - Performance Comparison
In the year-to-date period, PST achieves a 12.28% return, which is significantly higher than SGOV's 1.67% return. 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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PST vs. SGOV - Expense Ratio Comparison
PST has a 0.95% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
PST vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort 7-10 Year Treasury (PST) 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
PST vs. SGOV - Dividend Comparison
PST's dividend yield for the trailing twelve months is around 3.47%, less than SGOV's 5.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
PST ProShares UltraShort 7-10 Year Treasury | 3.47% | 3.69% | 0.02% | 0.00% | 0.11% | 1.85% | 0.66% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.14% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% |
Drawdowns
PST vs. SGOV - Drawdown Comparison
The maximum PST drawdown since its inception was -79.25%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for PST and SGOV. For additional features, visit the drawdowns tool.
Volatility
PST vs. SGOV - Volatility Comparison
ProShares UltraShort 7-10 Year Treasury (PST) has a higher volatility of 4.59% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that PST'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.