SGOV vs. SWVXX
Compare and contrast key facts about iShares 0-3 Month Treasury Bond ETF (SGOV) and Schwab Value Advantage Money Fund (SWVXX).
SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SGOV or SWVXX.
Performance
SGOV vs. SWVXX - Performance Comparison
Returns By Period
In the year-to-date period, SGOV achieves a 4.71% return, which is significantly higher than SWVXX's 3.90% return.
SGOV
4.71%
0.41%
2.60%
5.37%
N/A
N/A
SWVXX
3.90%
0.21%
2.36%
4.61%
2.22%
1.51%
Key characteristics
| SGOV | SWVXX | |
|---|---|---|
| Sharpe Ratio | 21.97 | 3.30 |
| Ulcer Index | 0.00% | 0.00% |
| Daily Std Dev | 0.25% | 1.39% |
| Max Drawdown | -0.03% | 0.00% |
| Current Drawdown | 0.00% | 0.00% |
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Correlation
The correlation between SGOV and SWVXX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Risk-Adjusted Performance
SGOV vs. SWVXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and Schwab Value Advantage Money Fund (SWVXX). 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.
Drawdowns
SGOV vs. SWVXX - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, which is greater than SWVXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SGOV and SWVXX. For additional features, visit the drawdowns tool.
Volatility
SGOV vs. SWVXX - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.09%, while Schwab Value Advantage Money Fund (SWVXX) has a volatility of 0.21%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than SWVXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.