SGOV vs. BTC-USD
SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, SGOV returned 3.63%/yr vs 15.31%/yr for BTC-USD. At a correlation of -0.03, they often move in opposite directions.
Performance
SGOV vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SGOV achieves a 1.99% return, which is significantly higher than BTC-USD's -25.13% return.
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- 6M
- 1.80%
- YTD
- 1.99%
- 1Y
- 3.87%
- 3Y*
- 4.64%
- 5Y*
- 3.63%
- 10Y*
- —
- ALL TIME*
- 2.96%
BTC-USD
- 1D
- 1.28%
- 1M
- 2.00%
- 6M
- -29.23%
- YTD
- -25.13%
- 1Y
- -44.16%
- 3Y*
- 29.87%
- 5Y*
- 15.31%
- 10Y*
- 58.50%
- ALL TIME*
- 89.00%
SGOV vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 1.99% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
BTC-USD Bitcoin | -25.13% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 214.82% |
Correlation
The correlation between SGOV and BTC-USD is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.03 |
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Return for Risk
SGOV vs. BTC-USD — Risk / Return Rank
SGOV
BTC-USD
SGOV vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +21.86 | ||
| Sortino ratioReturn per unit of downside risk | +384.33 | ||
| Omega ratioGain probability vs. loss probability | 383.06 | 0.85 | +382.21 |
| Calmar ratioReturn relative to maximum drawdown | 390.94 | -0.83 | +391.77 |
| Martin ratioReturn relative to average drawdown | 6,193.70 | -1.32 | +6,195.02 |
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Drawdowns
SGOV vs. BTC-USD - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for SGOV and BTC-USD.
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Drawdown Indicators
| SGOV | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -85.30% | +85.27% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -53.08% | +53.07% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -53.08% | +53.07% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -76.67% | +76.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | 0.00% | -47.48% | +47.48% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -42.61% | +42.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 27.88% | -27.88% |
Volatility
SGOV vs. BTC-USD - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.05%, while Bitcoin (BTC-USD) has a volatility of 9.37%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOV | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 9.37% | -9.32% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 34.93% | -34.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.19% | 35.76% | -35.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 43.93% | -43.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 56.33% | -56.09% |
Frequently Asked Questions
SGOV and BTC-USD have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (9.37%) compared to SGOV (0.05%). In terms of maximum drawdown, SGOV dropped -0.03% vs BTC-USD's -85.30%.
SGOV currently has the higher Sharpe Ratio (20.84 vs -1.03), 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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