PTIAX vs. SGOV
PTIAX (Performance Trust Strategic Bond Fund) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both funds - PTIAX is a Intermediate Core-Plus Bond fund managed by Performance Trust Asset Management, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, PTIAX returned 0.82%/yr vs 3.55%/yr for SGOV. At a 0.00 correlation, their price movements are largely independent. PTIAX charges 0.76%/yr vs 0.09%/yr for SGOV.
Performance
PTIAX vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, PTIAX achieves a 0.50% return, which is significantly lower than SGOV's 1.59% return.
PTIAX
- 1D
- -0.10%
- 1M
- 0.22%
- YTD
- 0.50%
- 6M
- 0.58%
- 1Y
- 5.33%
- 3Y*
- 5.16%
- 5Y*
- 0.82%
- 10Y*
- 2.83%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.59%
- 6M
- 1.80%
- 1Y
- 3.94%
- 3Y*
- 4.70%
- 5Y*
- 3.55%
- 10Y*
- —
PTIAX vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PTIAX Performance Trust Strategic Bond Fund | 0.50% | 6.92% | 3.52% | 7.48% | -12.84% | 1.15% | 6.23% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.59% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between PTIAX and SGOV is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.00 |
The correlation between PTIAX and SGOV shifts across timeframes, from -0.14 (1 year) to 0.01 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PTIAX vs. SGOV — Risk / Return Rank
PTIAX
SGOV
PTIAX vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Performance Trust Strategic Bond Fund (PTIAX) 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.
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.
| PTIAX | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.77 | ||
| Sortino ratioReturn per unit of downside risk | -272.80 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 195.05 | -193.80 |
| Calmar ratioReturn relative to maximum drawdown | 1.92 | 397.15 | -395.23 |
| Martin ratioReturn relative to average drawdown | 5.34 | 4,450.29 | -4,444.94 |
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Drawdowns
PTIAX vs. SGOV - Drawdown Comparison
The maximum PTIAX drawdown since its inception was -16.90%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for PTIAX and SGOV.
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Drawdown Indicators
| PTIAX | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.90% | -0.03% | -16.87% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -0.01% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -4.96% | -0.01% | -4.95% |
Max Drawdown (5Y)Largest decline over 5 years | -16.90% | -0.03% | -16.87% |
Max Drawdown (10Y)Largest decline over 10 years | -16.90% | — | — |
Current DrawdownCurrent decline from peak | -1.73% | 0.00% | -1.73% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -0.00% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 0.00% | +1.07% |
Volatility
PTIAX vs. SGOV - Volatility Comparison
Performance Trust Strategic Bond Fund (PTIAX) has a higher volatility of 1.31% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that PTIAX'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
| PTIAX | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.31% | 0.05% | +1.26% |
Volatility (6M)Calculated over the trailing 6-month period | 2.80% | 0.13% | +2.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 0.20% | +3.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.97% | 0.24% | +4.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.05% | 0.24% | +3.81% |
PTIAX vs. SGOV - Expense Ratio Comparison
PTIAX has a 0.76% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
PTIAX vs. SGOV - Dividend Comparison
PTIAX's dividend yield for the trailing twelve months is around 4.78%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTIAX Performance Trust Strategic Bond Fund | 4.78% | 4.68% | 4.44% | 4.03% | 3.96% | 3.01% | 3.86% | 4.11% | 4.47% | 5.51% | 5.49% | 4.87% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PTIAX and SGOV have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTIAX has higher volatility (1.31%) compared to SGOV (0.05%). In terms of maximum drawdown, PTIAX dropped -16.90% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.22 vs 1.45), 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.
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