SGOV vs. AIS

Last updated Jul 16, 2026

SGOV (iShares 0-3 Month Treasury Bond ETF) and AIS (VistaShares Artificial Intelligence Supercycle ETF) are both exchange-traded funds - SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while AIS is a Technology Equities fund actively managed by VistaShares. SGOV is passively managed, while AIS is actively managed. Over the past year, SGOV returned 3.89% vs 153.72% for AIS. At a correlation of -0.15, they often move in opposite directions. SGOV charges 0.09%/yr vs 0.75%/yr for AIS.

Performance

SGOV vs. AIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares 0-3 Month Treasury Bond ETF (SGOV) and VistaShares Artificial Intelligence Supercycle ETF (AIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SGOV achieves a 1.94% return, which is significantly lower than AIS's 89.83% return.

SGOV

• 1D: 0.02%
• 1M: 0.30%
• 6M: 1.80%
• YTD: 1.94%
• 1Y: 3.89%
• 3Y*: 4.66%
• 5Y*: 3.62%
• 10Y*: —

AIS

• 1D: -3.16%
• 1M: -11.79%
• 6M: 76.04%
• YTD: 89.83%
• 1Y: 153.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SGOV vs. AIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SGOV iShares 0-3 Month Treasury Bond ETF	1.94%	4.24%	0.37%
AIS VistaShares Artificial Intelligence Supercycle ETF	89.83%	58.35%	-4.74%

Correlation

The correlation between SGOV and AIS is -0.20, 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	-0.20
Correlation (All Time) Calculated using the full available price history since Dec 3, 2024	-0.15

Return for Risk

SGOV vs. AIS — Risk / Return Rank

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

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

AIS

AIS Risk / Return Rank: 94
AIS Sharpe Ratio Rank: 97
AIS Sortino Ratio Rank: 91
AIS Omega Ratio Rank: 92
AIS Calmar Ratio Rank: 97
AIS Martin Ratio Rank: 96

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.

SGOV vs. AIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and VistaShares Artificial Intelligence Supercycle ETF (AIS). 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	AIS	Difference
Sharpe ratio: Return per unit of total volatility	20.89	3.45	+17.44
Sortino ratio: Return per unit of downside risk	384.82	3.43	+381.39
Omega ratio: Gain probability vs. loss probability	385.06	1.48	+383.58
Calmar ratio: Return relative to maximum drawdown	393.03	8.18	+384.85
Martin ratio: Return relative to average drawdown	6,226.74	25.28	+6,201.47

SGOV vs. AIS - Sharpe Ratio Comparison

The current SGOV Sharpe Ratio is 20.89, which is higher than the AIS Sharpe Ratio of 3.45. The chart below compares the historical Sharpe Ratios of SGOV and AIS, 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

SGOV vs. AIS - Drawdown Comparison

The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum AIS drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for SGOV and AIS.

Drawdown Indicators

	SGOV	AIS	Difference
Max Drawdown Largest peak-to-trough decline	-0.03%	-32.78%	+32.75%
Max Drawdown (1Y) Largest decline over 1 year	-0.01%	-18.90%	+18.89%
Max Drawdown (3Y) Largest decline over 3 years	-0.01%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-0.03%	—	—
Current Drawdown Current decline from peak	0.00%	-18.90%	+18.90%
Average Drawdown Average peak-to-trough decline	-0.00%	-5.74%	+5.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	6.11%	-6.11%

Volatility

SGOV vs. AIS - Volatility Comparison

The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.05%, while VistaShares Artificial Intelligence Supercycle ETF (AIS) has a volatility of 22.79%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than AIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGOV	AIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.05%	22.79%	-22.74%
Volatility (6M) Calculated over the trailing 6-month period	0.13%	40.00%	-39.87%
Volatility (1Y) Calculated over the trailing 1-year period	0.19%	44.78%	-44.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.24%	42.58%	-42.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.24%	42.58%	-42.34%

SGOV vs. AIS - Expense Ratio Comparison

SGOV has a 0.09% expense ratio, which is lower than AIS's 0.75% expense ratio.

Dividends

SGOV vs. AIS - Dividend Comparison

SGOV's dividend yield for the trailing twelve months is around 3.80%, while AIS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
AIS VistaShares Artificial Intelligence Supercycle ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SGOV iShares 0-3 Month Treasury Bond ETF	3.80%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%

Frequently Asked Questions

Can I hold both SGOV and AIS in my portfolio?

SGOV and AIS have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SGOV or AIS?

AIS has higher volatility (22.79%) compared to SGOV (0.05%). In terms of maximum drawdown, SGOV dropped -0.03% vs AIS's -32.78%.

Which ETF is better, SGOV or AIS?

On 1-year performance, AIS leads with 153.72% vs 3.89% for SGOV. 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.

Which ETF has performed better, SGOV or AIS?

Over the 1-year period, AIS has performed better with a 153.72% return vs 3.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SGOV or AIS?

SGOV is cheaper with a 0.09% expense ratio, compared with 0.75% for AIS.

Which ETF pays a higher dividend yield, SGOV or AIS?

SGOV has the higher dividend yield at 3.80%, compared with 0.00% for AIS.

What is the main difference between SGOV and AIS?

SGOV is categorized as Ultrashort Bond, while AIS is Technology Equities. They also come from different issuers: iShares and VistaShares. Their fees differ too: 0.09% for SGOV and 0.75% for AIS.

Which has better risk-adjusted returns?

SGOV currently has the higher Sharpe Ratio (20.89 vs 3.45), 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.