SGOV vs. SVOL
SGOV (iShares 0-3 Month Treasury Bond ETF) and SVOL (Simplify Volatility Premium ETF) are both exchange-traded funds - SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while SVOL is a Volatility fund actively managed by Simplify. SGOV is passively managed, while SVOL is actively managed. Over the past 5 years, SGOV returned 3.55%/yr vs 6.66%/yr for SVOL. At a correlation of -0.06, they often move in opposite directions. SGOV charges 0.09%/yr vs 0.50%/yr for SVOL.
Performance
SGOV vs. SVOL - Performance Comparison
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Returns By Period
In the year-to-date period, SGOV achieves a 1.56% return, which is significantly higher than SVOL's -0.84% return.
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.56%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.70%
- 5Y*
- 3.55%
- 10Y*
- —
SVOL
- 1D
- 0.50%
- 1M
- 2.47%
- YTD
- -0.84%
- 6M
- 1.19%
- 1Y
- 10.38%
- 3Y*
- 5.92%
- 5Y*
- 6.66%
- 10Y*
- —
SGOV vs. SVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 1.56% | 4.24% | 5.27% | 5.12% | 1.58% | 0.02% |
SVOL Simplify Volatility Premium ETF | -0.84% | 2.41% | 6.77% | 22.88% | -3.30% | 12.70% |
Correlation
The correlation between SGOV and SVOL is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since May 13, 2021 | -0.06 |
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Return for Risk
SGOV vs. SVOL — Risk / Return Rank
SGOV
SVOL
SGOV vs. SVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and Simplify Volatility Premium ETF (SVOL). 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.
| SGOV | SVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +19.78 | ||
| Sortino ratioReturn per unit of downside risk | +274.85 | ||
| Omega ratioGain probability vs. loss probability | 195.55 | 1.12 | +194.44 |
| Calmar ratioReturn relative to maximum drawdown | 398.20 | 0.80 | +397.40 |
| Martin ratioReturn relative to average drawdown | 4,461.99 | 1.89 | +4,460.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SGOV | SVOL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 20.28 | 0.50 | +19.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 14.78 | 0.30 | +14.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | 12.50 | 0.35 | +12.16 |
Drawdowns
SGOV vs. SVOL - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum SVOL drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for SGOV and SVOL.
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Drawdown Indicators
| SGOV | SVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -33.50% | +33.47% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -13.01% | +13.00% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -33.50% | +33.49% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -33.50% | +33.47% |
Current DrawdownCurrent decline from peak | 0.00% | -3.40% | +3.40% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -4.77% | +4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 5.49% | -5.49% |
Volatility
SGOV vs. SVOL - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.06%, while Simplify Volatility Premium ETF (SVOL) has a volatility of 2.77%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than SVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOV | SVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 2.77% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 9.82% | -9.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 20.78% | -20.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 22.01% | -21.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 21.92% | -21.68% |
SGOV vs. SVOL - Expense Ratio Comparison
SGOV has a 0.09% expense ratio, which is lower than SVOL's 0.50% expense ratio.
Dividends
SGOV vs. SVOL - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.85%, less than SVOL's 22.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
SVOL Simplify Volatility Premium ETF | 22.19% | 19.82% | 16.79% | 16.36% | 18.32% | 4.65% | 0.00% |
Frequently Asked Questions
SGOV and SVOL have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SVOL has higher volatility (2.77%) compared to SGOV (0.06%). In terms of maximum drawdown, SGOV dropped -0.03% vs SVOL's -33.50%.
On 5-year performance, SVOL leads with 6.66% vs 3.55% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, SVOL has performed better with a 6.66% return vs 3.55%. 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 0.50% for SVOL.
SVOL has the higher dividend yield at 22.19%, compared with 3.85% for SGOV.
SGOV is categorized as Ultrashort Bond, while SVOL is Volatility. They also come from different issuers: iShares and Simplify. Their fees differ too: 0.09% for SGOV and 0.50% for SVOL.
SGOV currently has the higher Sharpe Ratio (20.28 vs 0.50), 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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