SGOV vs. MVOL.L
SGOV (iShares 0-3 Month Treasury Bond ETF) and MVOL.L (iShares Edge MSCI World Minimum Volatility UCITS) are both exchange-traded funds - SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while MVOL.L is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, SGOV returned 3.57%/yr vs 5.04%/yr for MVOL.L. At a correlation of -0.02, they often move in opposite directions. SGOV charges 0.09%/yr vs 0.35%/yr for MVOL.L.
Performance
SGOV vs. MVOL.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 higher than MVOL.L's -1.02% return.
SGOV
- 1D
- 0.04%
- 1M
- 0.26%
- YTD
- 1.69%
- 6M
- 1.79%
- 1Y
- 3.92%
- 3Y*
- 4.71%
- 5Y*
- 3.57%
- 10Y*
- —
MVOL.L
- 1D
- -0.01%
- 1M
- -2.61%
- YTD
- -1.02%
- 6M
- -0.53%
- 1Y
- 1.24%
- 3Y*
- 8.39%
- 5Y*
- 5.04%
- 10Y*
- 6.83%
SGOV vs. MVOL.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% |
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | -1.02% | 11.02% | 11.08% | 7.28% | -9.62% | 14.65% | 11.86% |
Correlation
The correlation between SGOV and MVOL.L is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.02 |
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Return for Risk
SGOV vs. MVOL.L — Risk / Return Rank
SGOV
MVOL.L
SGOV vs. MVOL.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 World Minimum Volatility UCITS (MVOL.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 | MVOL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +20.14 | ||
| Sortino ratioReturn per unit of downside risk | +276.00 | ||
| Omega ratioGain probability vs. loss probability | 196.05 | 1.05 | +195.00 |
| Calmar ratioReturn relative to maximum drawdown | 399.24 | 0.33 | +398.90 |
| Martin ratioReturn relative to average drawdown | 4,473.64 | 0.77 | +4,472.88 |
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Drawdowns
SGOV vs. MVOL.L - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum MVOL.L drawdown of -28.82%. Use the drawdown chart below to compare losses from any high point for SGOV and MVOL.L.
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Drawdown Indicators
| SGOV | MVOL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -28.82% | +28.79% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -5.78% | +5.77% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -8.15% | +8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -18.52% | +18.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.82% | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.47% | +5.47% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -3.30% | +3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 2.51% | -2.51% |
Volatility
SGOV vs. MVOL.L - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.06%, while iShares Edge MSCI World Minimum Volatility UCITS (MVOL.L) has a volatility of 2.13%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than MVOL.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 | MVOL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 2.13% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 5.74% | -5.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.19% | 7.91% | -7.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 10.65% | -10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 11.65% | -11.41% |
SGOV vs. MVOL.L - Expense Ratio Comparison
SGOV has a 0.09% expense ratio, which is lower than MVOL.L's 0.35% expense ratio.
Dividends
SGOV vs. MVOL.L - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.85%, while MVOL.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
MVOL.L iShares Edge MSCI World Minimum Volatility UCITS | 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 MVOL.L have a correlation of 0.03, 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 0.35% for MVOL.L.
SGOV is categorized as Ultrashort Bond, while MVOL.L is Global Equities. SGOV tracks ICE 0-3 Month US Treasury Securities Index, while MVOL.L tracks MSCI ACWI NR USD. Their fees differ too: 0.09% for SGOV and 0.35% for MVOL.L.
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