SGOV vs. BIL
Compare and contrast key facts about iShares 0-3 Month Treasury Bond ETF (SGOV) and SPDR Barclays 1-3 Month T-Bill ETF (BIL).
SGOV and BIL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BIL is a passively managed fund by State Street that tracks the performance of the Barclays Capital U.S. 1-3 Month Treasury Bill Index. It was launched on May 25, 2007. Both SGOV and BIL 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: SGOV or BIL.
Performance
SGOV vs. BIL - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with SGOV having a 4.71% return and BIL slightly lower at 4.60%.
SGOV
4.71%
0.41%
2.60%
5.37%
N/A
N/A
BIL
4.60%
0.35%
2.55%
5.23%
2.27%
1.56%
Key characteristics
| SGOV | BIL | |
|---|---|---|
| Sharpe Ratio | 21.97 | 20.35 |
| Sortino Ratio | 530.73 | 273.58 |
| Omega Ratio | 531.73 | 158.96 |
| Calmar Ratio | 544.91 | 483.90 |
| Martin Ratio | 8,650.17 | 4,456.43 |
| Ulcer Index | 0.00% | 0.00% |
| Daily Std Dev | 0.25% | 0.26% |
| Max Drawdown | -0.03% | -0.77% |
| Current Drawdown | 0.00% | 0.00% |
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SGOV vs. BIL - Expense Ratio Comparison
SGOV has a 0.03% expense ratio, which is lower than BIL's 0.14% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between SGOV and BIL is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SGOV vs. BIL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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
SGOV vs. BIL - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 5.24%, more than BIL's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
BIL SPDR Barclays 1-3 Month T-Bill ETF | 5.15% | 4.92% | 1.35% | 0.00% | 0.30% | 2.05% | 1.66% | 0.68% | 0.07% |
Drawdowns
SGOV vs. BIL - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum BIL drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for SGOV and BIL. For additional features, visit the drawdowns tool.
Volatility
SGOV vs. BIL - Volatility Comparison
iShares 0-3 Month Treasury Bond ETF (SGOV) has a higher volatility of 0.09% compared to SPDR Barclays 1-3 Month T-Bill ETF (BIL) at 0.08%. This indicates that SGOV's price experiences larger fluctuations and is considered to be riskier than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.