SGOV vs. ^TYX
SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while ^TYX (Treasury Yield 30 Years) is an index. Over the past 5 years, SGOV returned 3.56%/yr vs 18.25%/yr for ^TYX. At a correlation of -0.02, they often move in opposite directions.
Performance
SGOV vs. ^TYX - Performance Comparison
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Returns By Period
In the year-to-date period, SGOV achieves a 1.61% return, which is significantly lower than ^TYX's 2.79% return.
SGOV
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.61%
- 6M
- 1.78%
- 1Y
- 3.91%
- 3Y*
- 4.71%
- 5Y*
- 3.56%
- 10Y*
- —
^TYX
- 1D
- 0.48%
- 1M
- -0.74%
- YTD
- 2.79%
- 6M
- 2.41%
- 1Y
- 1.22%
- 3Y*
- 8.08%
- 5Y*
- 18.25%
- 10Y*
- 7.45%
SGOV vs. ^TYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 1.61% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
^TYX Treasury Yield 30 Years | 2.79% | 1.13% | 19.08% | 1.11% | 108.66% | 15.74% | 14.78% |
Correlation
The correlation between SGOV and ^TYX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.02 |
The correlation between SGOV and ^TYX shifts across timeframes, from -0.02 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SGOV vs. ^TYX — Risk / Return Rank
SGOV
^TYX
SGOV vs. ^TYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and Treasury Yield 30 Years (^TYX). 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.
| SGOV | ^TYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +20.05 | ||
| Sortino ratioReturn per unit of downside risk | +275.28 | ||
| Omega ratioGain probability vs. loss probability | 195.55 | 1.05 | +194.51 |
| Calmar ratioReturn relative to maximum drawdown | 398.20 | 0.29 | +397.91 |
| Martin ratioReturn relative to average drawdown | 4,461.98 | 0.62 | +4,461.36 |
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Drawdowns
SGOV vs. ^TYX - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum ^TYX drawdown of -93.84%. Use the drawdown chart below to compare losses from any high point for SGOV and ^TYX.
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Drawdown Indicators
| SGOV | ^TYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -93.84% | +93.81% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -9.55% | +9.54% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -22.85% | +22.84% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -24.04% | +24.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.86% | — |
Current DrawdownCurrent decline from peak | 0.00% | -67.29% | +67.29% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -56.71% | +56.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 4.44% | -4.44% |
Volatility
SGOV vs. ^TYX - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.05%, while Treasury Yield 30 Years (^TYX) has a volatility of 3.72%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than ^TYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOV | ^TYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 3.72% | -3.67% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 8.12% | -7.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 12.20% | -12.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 25.35% | -25.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 33.56% | -33.32% |
Frequently Asked Questions
SGOV and ^TYX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^TYX has higher volatility (3.72%) compared to SGOV (0.05%). In terms of maximum drawdown, SGOV dropped -0.03% vs ^TYX's -93.84%.
SGOV currently has the higher Sharpe Ratio (20.28 vs 0.23), 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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