SGOV vs. DGRO

Last updated Apr 3, 2026

Compare and contrast key facts about iShares 0-3 Month Treasury Bond ETF (SGOV) and iShares Core Dividend Growth ETF (DGRO).

SGOV and DGRO 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 Securities Index. It was launched on May 26, 2020. DGRO is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend Growth Index. It was launched on Jun 10, 2014. Both SGOV and DGRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SGOV vs. DGRO - Performance Comparison

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

SGOV vs. DGRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
SGOV iShares 0-3 Month Treasury Bond ETF	0.92%	4.24%	5.27%	5.12%	1.58%	0.04%	0.05%
DGRO iShares Core Dividend Growth ETF	1.76%	15.69%	16.62%	10.47%	-7.91%	26.64%	21.34%

Returns By Period

In the year-to-date period, SGOV achieves a 0.92% return, which is significantly lower than DGRO's 1.76% return.

SGOV

• 1D: 0.04%
• 1M: 0.32%
• YTD: 0.92%
• 6M: 1.92%
• 1Y: 4.10%
• 3Y*: 4.81%
• 5Y*: 3.42%
• 10Y*: —

DGRO

• 1D: 0.16%
• 1M: -3.33%
• YTD: 1.76%
• 6M: 4.21%
• 1Y: 15.91%
• 3Y*: 14.42%
• 5Y*: 10.17%
• 10Y*: 12.88%

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

SGOV vs. DGRO - Expense Ratio Comparison

SGOV has a 0.09% expense ratio, which is higher than DGRO's 0.08% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

SGOV

iShares 0-3 Month Treasury Bond ETF

DGRO

iShares Core Dividend Growth ETF

Return for Risk

SGOV vs. DGRO — 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

DGRO

DGRO Risk / Return Rank: 58
DGRO Sharpe Ratio Rank: 58
DGRO Sortino Ratio Rank: 59
DGRO Omega Ratio Rank: 61
DGRO Calmar Ratio Rank: 50
DGRO Martin Ratio Rank: 60

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. DGRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and iShares Core Dividend Growth ETF (DGRO). 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.

	SGOV	DGRO	Difference
Sharpe ratio Return per unit of total volatility	20.63	1.11	+19.52
Sortino ratio Return per unit of downside risk	286.00	1.61	+284.38
Omega ratio Gain probability vs. loss probability	202.83	1.24	+201.59
Calmar ratio Return relative to maximum drawdown	412.76	1.52	+411.24
Martin ratio Return relative to average drawdown	4,634.41	6.97	+4,627.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SGOV vs. DGRO - Sharpe Ratio Comparison

The current SGOV Sharpe Ratio is 20.63, which is higher than the DGRO Sharpe Ratio of 1.11. The chart below compares the historical Sharpe Ratios of SGOV and DGRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SGOV	DGRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	20.63	1.11	+19.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	14.13	0.74	+13.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	12.35	0.73	+11.62

Correlation

The correlation between SGOV and DGRO is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

SGOV vs. DGRO - Dividend Comparison

SGOV's dividend yield for the trailing twelve months is around 3.95%, more than DGRO's 2.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SGOV iShares 0-3 Month Treasury Bond ETF	3.95%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%
DGRO iShares Core Dividend Growth ETF	2.09%	2.09%	2.26%	2.45%	2.34%	1.93%	2.30%	2.21%	2.44%	2.03%	2.27%	2.52%

Drawdowns

SGOV vs. DGRO - Drawdown Comparison

The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum DGRO drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for SGOV and DGRO.

Drawdown Indicators

	SGOV	DGRO	Difference
Max Drawdown Largest peak-to-trough decline	-0.03%	-35.10%	+35.07%
Max Drawdown (1Y) Largest decline over 1 year	-0.01%	-7.50%	+7.49%
Max Drawdown (5Y) Largest decline over 5 years	-0.03%	-19.31%	+19.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-35.10%	—
Current Drawdown Current decline from peak	0.00%	-4.55%	+4.55%
Average Drawdown Average peak-to-trough decline	0.00%	-3.48%	+3.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	2.39%	-2.39%

Volatility

SGOV vs. DGRO - Volatility Comparison

The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.06%, while iShares Core Dividend Growth ETF (DGRO) has a volatility of 3.57%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SGOV	DGRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.06%	3.57%	-3.51%
Volatility (6M) Calculated over the trailing 6-month period	0.13%	7.20%	-7.07%
Volatility (1Y) Calculated over the trailing 1-year period	0.20%	14.47%	-14.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.24%	13.83%	-13.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.24%	16.62%	-16.38%