SGOV vs. EBUF
SGOV (iShares 0-3 Month Treasury Bond ETF) and EBUF (Innovator Emerging Markets 10 Buffer ETF - Quarterly) are both exchange-traded funds - SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while EBUF is a Defined Outcome fund actively managed by Innovator. SGOV is passively managed, while EBUF is actively managed. Over the past year, SGOV returned 3.84% vs 15.05% for EBUF. Their -0.07 correlation means they have often moved in opposite directions in the past. SGOV charges 0.09%/yr vs 0.89%/yr for EBUF.
Performance
SGOV vs. EBUF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SGOV achieves a 2.14% return, which is significantly lower than EBUF's 10.33% return.
SGOV
- 1D
- 0.01%
- 1M
- 0.30%
- 6M
- 1.81%
- YTD
- 2.14%
- 1Y
- 3.84%
- 3Y*
- 4.62%
- 5Y*
- 3.66%
- 10Y*
- —
- ALL TIME*
- 2.96%
EBUF
- 1D
- 1.21%
- 1M
- 1.72%
- 6M
- 8.53%
- YTD
- 10.33%
- 1Y
- 15.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $234.82K | $322.24K | $417.59K | |
| $2.10B | $1.90B | $2.07B |
SGOV vs. EBUF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 2.14% | 4.24% | 2.56% |
EBUF Innovator Emerging Markets 10 Buffer ETF - Quarterly | 10.33% | 11.55% | 2.75% |
Correlation
The correlation between SGOV and EBUF is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2024 | -0.07 |
The correlation between SGOV and EBUF shifts across timeframes, from -0.21 (1 year) to -0.07 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SGOV vs. EBUF — Risk / Return Rank
SGOV
EBUF
SGOV vs. EBUF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and Innovator Emerging Markets 10 Buffer ETF - Quarterly (EBUF). 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 | EBUF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +18.74 | ||
| Sortino ratioReturn per unit of downside risk | +376.21 | ||
| Omega ratioGain probability vs. loss probability | 379.49 | 1.46 | +378.03 |
| Calmar ratioReturn relative to maximum drawdown | 387.22 | 3.24 | +383.98 |
| Martin ratioReturn relative to average drawdown | 6,134.73 | 17.73 | +6,117.00 |
Loading charts...
Drawdowns
SGOV vs. EBUF - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum EBUF drawdown of -6.49%. Use the drawdown chart below to compare losses from any high point for SGOV and EBUF.
Loading charts...
Drawdown Indicators
| SGOV | EBUF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -6.49% | +6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -4.67% | +4.66% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.53% | +0.53% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -0.56% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.85% | -0.85% |
Volatility
SGOV vs. EBUF - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.04%, while Innovator Emerging Markets 10 Buffer ETF - Quarterly (EBUF) has a volatility of 4.61%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than EBUF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SGOV | EBUF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 4.61% | -4.57% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 6.91% | -6.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.19% | 7.62% | -7.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 7.36% | -7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.23% | 7.36% | -7.13% |
SGOV vs. EBUF - Expense Ratio Comparison
SGOV has a 0.09% expense ratio, which is lower than EBUF's 0.89% expense ratio.
Dividends
SGOV vs. EBUF - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.75%, while EBUF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EBUF Innovator Emerging Markets 10 Buffer ETF - Quarterly | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.75% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
SGOV and EBUF have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EBUF has higher volatility (4.61%) compared to SGOV (0.04%). In terms of maximum drawdown, SGOV dropped -0.03% vs EBUF's -6.49%.
On 1-year performance, EBUF leads with 15.05% vs 3.84% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EBUF has performed better with a 15.05% return vs 3.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.89% for EBUF.
SGOV has the higher dividend yield at 3.75%, compared with 0.00% for EBUF.
SGOV is categorized as Ultrashort Bond, while EBUF is Defined Outcome. They also come from different issuers: iShares and Innovator. Their fees differ too: 0.09% for SGOV and 0.89% for EBUF.
SGOV currently has the higher Sharpe Ratio (20.72 vs 1.99), 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.
Find the right allocation for SGOV and EBUF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer