SGOV vs. INDA
SGOV (iShares 0-3 Month Treasury Bond ETF) and INDA (iShares MSCI India ETF) are both exchange-traded funds - SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while INDA is a Asia Pacific Equities fund tracking the MSCI India Index. Both are passively managed. Over the past 5 years, SGOV returned 3.56%/yr vs 2.79%/yr for INDA. At a correlation of -0.04, they often move in opposite directions. SGOV charges 0.09%/yr vs 0.69%/yr for INDA.
Performance
SGOV vs. INDA - Performance Comparison
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Returns By Period
In the year-to-date period, SGOV achieves a 1.61% return, which is significantly higher than INDA's -10.58% return.
SGOV
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.61%
- 6M
- 1.78%
- 1Y
- 3.91%
- 3Y*
- 4.71%
- 5Y*
- 3.56%
- 10Y*
- —
INDA
- 1D
- 1.13%
- 1M
- -0.06%
- YTD
- -10.58%
- 6M
- -9.05%
- 1Y
- -10.57%
- 3Y*
- 4.51%
- 5Y*
- 2.79%
- 10Y*
- 7.09%
SGOV vs. INDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 1.61% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
INDA iShares MSCI India ETF | -10.58% | 2.68% | 8.63% | 17.16% | -8.94% | 21.36% | 52.31% |
Correlation
The correlation between SGOV and INDA is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
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 | -0.04 |
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Return for Risk
SGOV vs. INDA — Risk / Return Rank
SGOV
INDA
SGOV vs. INDA - 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 MSCI India ETF (INDA). 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 | INDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +21.08 | ||
| Sortino ratioReturn per unit of downside risk | +276.78 | ||
| Omega ratioGain probability vs. loss probability | 195.55 | 0.88 | +194.68 |
| Calmar ratioReturn relative to maximum drawdown | 398.20 | -0.63 | +398.83 |
| Martin ratioReturn relative to average drawdown | 4,461.98 | -1.46 | +4,463.44 |
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Drawdowns
SGOV vs. INDA - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum INDA drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for SGOV and INDA.
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Drawdown Indicators
| SGOV | INDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -45.07% | +45.04% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -18.69% | +18.68% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -22.72% | +22.71% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -22.72% | +22.69% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.07% | — |
Current DrawdownCurrent decline from peak | 0.00% | -17.77% | +17.77% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -9.59% | +9.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 8.09% | -8.09% |
Volatility
SGOV vs. INDA - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.05%, while iShares MSCI India ETF (INDA) has a volatility of 4.16%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than INDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOV | INDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 4.16% | -4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 12.77% | -12.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 14.79% | -14.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 15.40% | -15.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 21.11% | -20.87% |
SGOV vs. INDA - Expense Ratio Comparison
SGOV has a 0.09% expense ratio, which is lower than INDA's 0.69% expense ratio.
Dividends
SGOV vs. INDA - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.85%, while INDA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
INDA iShares MSCI India ETF | 0.00% | 0.00% | 0.76% | 0.16% | 0.00% | 6.44% | 0.27% | 0.99% | 0.94% | 1.09% | 0.90% | 1.19% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGOV and INDA have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
INDA has higher volatility (4.16%) compared to SGOV (0.05%). In terms of maximum drawdown, SGOV dropped -0.03% vs INDA's -45.07%.
On 5-year performance, SGOV leads with 3.56% vs 2.79% for INDA. 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, SGOV has performed better with a 3.56% return vs 2.79%. 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 0.69% for INDA.
SGOV has the higher dividend yield at 3.85%, compared with 0.00% for INDA.
SGOV is categorized as Ultrashort Bond, while INDA is Asia Pacific Equities. SGOV tracks ICE 0-3 Month US Treasury Securities Index, while INDA tracks MSCI India Index. Their fees differ too: 0.09% for SGOV and 0.69% for INDA.
SGOV currently has the higher Sharpe Ratio (20.28 vs -0.80), 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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