QAT vs. SGOV
QAT (iShares MSCI Qatar ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - QAT is a Emerging Markets Equities fund tracking the MSCI All Qatar Capped Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, QAT returned 2.76%/yr vs 3.62%/yr for SGOV. At a correlation of -0.05, they often move in opposite directions. QAT charges 0.59%/yr vs 0.09%/yr for SGOV.
Performance
QAT vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QAT achieves a -3.28% return, which is significantly lower than SGOV's 1.95% return.
QAT
- 1D
- -1.07%
- 1M
- -4.88%
- 6M
- -6.30%
- YTD
- -3.28%
- 1Y
- -1.91%
- 3Y*
- 3.89%
- 5Y*
- 2.76%
- 10Y*
- 3.20%
SGOV
- 1D
- 0.01%
- 1M
- 0.30%
- 6M
- 1.80%
- YTD
- 1.95%
- 1Y
- 3.87%
- 3Y*
- 4.66%
- 5Y*
- 3.62%
- 10Y*
- —
QAT vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QAT iShares MSCI Qatar ETF | -3.28% | 8.81% | 5.20% | 2.72% | -7.23% | 14.42% | 19.62% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.95% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between QAT and SGOV is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QAT vs. SGOV — Risk / Return Rank
QAT
SGOV
QAT vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Qatar ETF (QAT) 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.
| QAT | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.98 | ||
| Sortino ratioReturn per unit of downside risk | -382.93 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 383.06 | -382.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 390.94 | -391.12 |
| Martin ratioReturn relative to average drawdown | -0.31 | 6,193.70 | -6,194.01 |
Loading charts...
Drawdowns
QAT vs. SGOV - Drawdown Comparison
The maximum QAT drawdown since its inception was -45.21%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for QAT and SGOV.
Loading charts...
Drawdown Indicators
| QAT | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.21% | -0.03% | -45.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.60% | -0.01% | -10.59% |
Max Drawdown (3Y)Largest decline over 3 years | -17.41% | -0.01% | -17.40% |
Max Drawdown (5Y)Largest decline over 5 years | -33.17% | -0.03% | -33.14% |
Max Drawdown (10Y)Largest decline over 10 years | -34.04% | — | — |
Current DrawdownCurrent decline from peak | -15.31% | 0.00% | -15.31% |
Average DrawdownAverage peak-to-trough decline | -19.11% | -0.00% | -19.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 0.00% | +6.15% |
Volatility
QAT vs. SGOV - Volatility Comparison
iShares MSCI Qatar ETF (QAT) has a higher volatility of 3.17% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that QAT'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.
Loading charts...
Volatility by Period
| QAT | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.17% | 0.05% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 11.12% | 0.13% | +10.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 0.19% | +13.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.09% | 0.24% | +14.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.51% | 0.24% | +17.27% |
QAT vs. SGOV - Expense Ratio Comparison
QAT has a 0.59% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
QAT vs. SGOV - Dividend Comparison
QAT's dividend yield for the trailing twelve months is around 4.84%, more than SGOV's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QAT iShares MSCI Qatar ETF | 4.84% | 3.51% | 5.90% | 3.92% | 4.78% | 2.33% | 2.63% | 3.57% | 4.63% | 4.10% | 3.51% | 4.49% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.80% | 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
QAT and SGOV have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QAT has higher volatility (3.17%) compared to SGOV (0.05%). In terms of maximum drawdown, QAT dropped -45.21% vs SGOV's -0.03%.
On 5-year performance, SGOV leads with 3.62% vs 2.76% for QAT. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SGOV has performed better with a 3.62% return vs 2.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.59% for QAT.
QAT has the higher dividend yield at 4.84%, compared with 3.80% for SGOV.
QAT is categorized as Emerging Markets Equities, while SGOV is Ultrashort Bond. QAT tracks MSCI All Qatar Capped Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.59% for QAT and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.84 vs -0.14), 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.
Find the right allocation for QAT and SGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer