SGOV vs. IUQA.L
SGOV (iShares 0-3 Month Treasury Bond ETF) and IUQA.L (iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating) are both exchange-traded funds - SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while IUQA.L is a Large Cap Blend Equities fund tracking the MSCI USA Sector Neutral Quality Index. Both are passively managed. Over the past 5 years, SGOV returned 3.57%/yr vs 12.05%/yr for IUQA.L. At a correlation of -0.03, they often move in opposite directions. SGOV charges 0.09%/yr vs 0.20%/yr for IUQA.L.
Performance
SGOV vs. IUQA.L - Performance Comparison
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Returns By Period
In the year-to-date period, SGOV achieves a 1.69% return, which is significantly lower than IUQA.L's 8.28% return.
SGOV
- 1D
- 0.04%
- 1M
- 0.26%
- YTD
- 1.69%
- 6M
- 1.79%
- 1Y
- 3.92%
- 3Y*
- 4.71%
- 5Y*
- 3.57%
- 10Y*
- —
IUQA.L
- 1D
- -0.05%
- 1M
- 2.13%
- YTD
- 8.28%
- 6M
- 8.86%
- 1Y
- 23.59%
- 3Y*
- 18.66%
- 5Y*
- 12.05%
- 10Y*
- —
SGOV vs. IUQA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 1.69% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
IUQA.L iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating | 8.28% | 12.46% | 22.48% | 30.95% | -20.74% | 27.56% | 22.99% |
Correlation
The correlation between SGOV and IUQA.L is -0.04, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
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. IUQA.L — Risk / Return Rank
SGOV
IUQA.L
SGOV vs. IUQA.L - 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 Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L). 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 | IUQA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +18.28 | ||
| Sortino ratioReturn per unit of downside risk | +273.15 | ||
| Omega ratioGain probability vs. loss probability | 196.05 | 1.38 | +194.67 |
| Calmar ratioReturn relative to maximum drawdown | 399.24 | 3.02 | +396.21 |
| Martin ratioReturn relative to average drawdown | 4,473.64 | 13.05 | +4,460.59 |
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Drawdowns
SGOV vs. IUQA.L - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum IUQA.L drawdown of -33.96%. Use the drawdown chart below to compare losses from any high point for SGOV and IUQA.L.
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Drawdown Indicators
| SGOV | IUQA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -33.96% | +33.93% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -7.96% | +7.95% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -18.03% | +18.02% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -27.77% | +27.74% |
Current DrawdownCurrent decline from peak | 0.00% | -1.57% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -5.52% | +5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 1.85% | -1.85% |
Volatility
SGOV vs. IUQA.L - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.06%, while iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating (IUQA.L) has a volatility of 3.47%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than IUQA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOV | IUQA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 3.47% | -3.41% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 8.70% | -8.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.19% | 11.55% | -11.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 16.33% | -16.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 30.85% | -30.61% |
SGOV vs. IUQA.L - Expense Ratio Comparison
SGOV has a 0.09% expense ratio, which is lower than IUQA.L's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SGOV vs. IUQA.L - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.85%, while IUQA.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
IUQA.L iShares Edge MSCI USA Quality Factor UCITS ETF USD Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
SGOV and IUQA.L have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGOV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.20% for IUQA.L.
SGOV is categorized as Ultrashort Bond, while IUQA.L is Large Cap Blend Equities. SGOV tracks ICE 0-3 Month US Treasury Securities Index, while IUQA.L tracks MSCI USA Sector Neutral Quality Index. Their fees differ too: 0.09% for SGOV and 0.20% for IUQA.L.
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