SGOV vs. MSFT
SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while MSFT (Microsoft Corporation) is a stock. Over the past 5 years, SGOV returned 3.56%/yr vs 9.56%/yr for MSFT. At a 0.01 correlation, their price movements are largely independent.
Performance
SGOV vs. MSFT - 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 MSFT's -18.85% return.
SGOV
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 1.61%
- 6M
- 1.78%
- 1Y
- 3.95%
- 3Y*
- 4.71%
- 5Y*
- 3.56%
- 10Y*
- —
MSFT
- 1D
- 0.10%
- 1M
- -3.36%
- YTD
- -18.85%
- 6M
- -17.98%
- 1Y
- -17.75%
- 3Y*
- 6.16%
- 5Y*
- 9.56%
- 10Y*
- 24.39%
SGOV vs. MSFT - 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% |
MSFT Microsoft Corporation | -18.85% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 22.95% |
Correlation
The correlation between SGOV and MSFT is -0.02, 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 | -0.02 |
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 | 0.01 |
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Return for Risk
SGOV vs. MSFT — Risk / Return Rank
SGOV
MSFT
SGOV vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +20.98 | ||
| Sortino ratioReturn per unit of downside risk | +276.53 | ||
| Omega ratioGain probability vs. loss probability | 195.55 | 0.89 | +194.66 |
| Calmar ratioReturn relative to maximum drawdown | 398.20 | -0.53 | +398.72 |
| Martin ratioReturn relative to average drawdown | 4,461.98 | -1.08 | +4,463.06 |
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Drawdowns
SGOV vs. MSFT - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for SGOV and MSFT.
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Drawdown Indicators
| SGOV | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -69.38% | +69.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -33.91% | +33.90% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -33.91% | +33.90% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -37.15% | +37.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.15% | — |
Current DrawdownCurrent decline from peak | 0.00% | -27.46% | +27.46% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -21.78% | +21.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 16.48% | -16.48% |
Volatility
SGOV vs. MSFT - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.05%, while Microsoft Corporation (MSFT) has a volatility of 10.52%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOV | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 10.52% | -10.47% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 22.31% | -22.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 25.42% | -25.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 26.66% | -26.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 27.06% | -26.82% |
Dividends
SGOV vs. MSFT - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.85%, more than MSFT's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.91% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
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 MSFT have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSFT has higher volatility (10.52%) compared to SGOV (0.05%). In terms of maximum drawdown, SGOV dropped -0.03% vs MSFT's -69.38%.
SGOV currently has the higher Sharpe Ratio (20.28 vs -0.70), 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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