SGOV vs. INCO
SGOV (iShares 0-3 Month Treasury Bond ETF) and INCO (Columbia India Consumer ETF) are both exchange-traded funds - SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while INCO is a India Equities fund tracking the Indxx India Consumer Index. Both are passively managed. Over the past 5 years, SGOV returned 3.63%/yr vs 6.72%/yr for INCO. At a correlation of -0.03, they often move in opposite directions. SGOV charges 0.09%/yr vs 0.75%/yr for INCO.
Performance
SGOV vs. INCO - Performance Comparison
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Returns By Period
In the year-to-date period, SGOV achieves a 2.00% return, which is significantly higher than INCO's -8.71% return.
SGOV
- 1D
- 0.01%
- 1M
- 0.30%
- 6M
- 1.81%
- YTD
- 2.00%
- 1Y
- 3.87%
- 3Y*
- 4.65%
- 5Y*
- 3.63%
- 10Y*
- —
- ALL TIME*
- 2.96%
INCO
- 1D
- 0.55%
- 1M
- -1.11%
- 6M
- -4.14%
- YTD
- -8.71%
- 1Y
- -7.94%
- 3Y*
- 6.40%
- 5Y*
- 6.72%
- 10Y*
- 8.08%
- ALL TIME*
- 9.20%
SGOV vs. INCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 2.00% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
INCO Columbia India Consumer ETF | -8.71% | 0.59% | 12.70% | 34.63% | -7.01% | 19.28% | 43.04% |
Correlation
The correlation between SGOV and INCO 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 | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
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. INCO — Risk / Return Rank
SGOV
INCO
SGOV vs. INCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and Columbia India Consumer ETF (INCO). 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 | INCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +21.30 | ||
| Sortino ratioReturn per unit of downside risk | +383.39 | ||
| Omega ratioGain probability vs. loss probability | 383.06 | 0.94 | +382.12 |
| Calmar ratioReturn relative to maximum drawdown | 390.94 | -0.37 | +391.32 |
| Martin ratioReturn relative to average drawdown | 6,193.70 | -0.84 | +6,194.54 |
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Drawdowns
SGOV vs. INCO - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum INCO drawdown of -47.69%. Use the drawdown chart below to compare losses from any high point for SGOV and INCO.
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Drawdown Indicators
| SGOV | INCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -47.69% | +47.66% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -21.37% | +21.36% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -29.98% | +29.97% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -29.98% | +29.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.69% | — |
Current DrawdownCurrent decline from peak | 0.00% | -22.25% | +22.25% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -10.67% | +10.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 9.47% | -9.47% |
Volatility
SGOV vs. INCO - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.05%, while Columbia India Consumer ETF (INCO) has a volatility of 3.35%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than INCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOV | INCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 3.35% | -3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 14.42% | -14.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.19% | 17.08% | -16.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 16.98% | -16.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 20.29% | -20.05% |
SGOV vs. INCO - Expense Ratio Comparison
SGOV has a 0.09% expense ratio, which is lower than INCO's 0.75% expense ratio.
Dividends
SGOV vs. INCO - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.80%, while INCO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
INCO Columbia India Consumer ETF | 0.00% | 0.00% | 2.88% | 3.81% | 10.57% | 6.25% | 0.34% | 0.28% | 0.12% | 0.05% | 0.09% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.80% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGOV and INCO 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.
INCO has higher volatility (3.35%) compared to SGOV (0.05%). In terms of maximum drawdown, SGOV dropped -0.03% vs INCO's -47.69%.
On 5-year performance, INCO leads with 6.72% vs 3.63% 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.
Over the 5-year period, INCO has performed better with a 6.72% return vs 3.63%. 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 0.75% for INCO.
SGOV has the higher dividend yield at 3.80%, compared with 0.00% for INCO.
SGOV is categorized as Ultrashort Bond, while INCO is India Equities. SGOV tracks ICE 0-3 Month US Treasury Securities Index, while INCO tracks Indxx India Consumer Index. They also come from different issuers: iShares and Ameriprise Financial. Their fees differ too: 0.09% for SGOV and 0.75% for INCO.
SGOV currently has the higher Sharpe Ratio (20.84 vs -0.47), 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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