SGOV vs. TIP
Compare and contrast key facts about iShares 0-3 Month Treasury Bond ETF (SGOV) and iShares TIPS Bond ETF (TIP).
SGOV and TIP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003. Both SGOV and TIP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SGOV or TIP.
Correlation
The correlation between SGOV and TIP is -0.01. 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.
Performance
SGOV vs. TIP - Performance Comparison
Key characteristics
SGOV:
21.24
TIP:
1.50
SGOV:
484.27
TIP:
2.09
SGOV:
485.27
TIP:
1.27
SGOV:
496.03
TIP:
0.64
SGOV:
7,874.19
TIP:
4.51
SGOV:
0.00%
TIP:
1.56%
SGOV:
0.23%
TIP:
4.68%
SGOV:
-0.03%
TIP:
-14.56%
SGOV:
0.00%
TIP:
-4.51%
Returns By Period
In the year-to-date period, SGOV achieves a 1.31% return, which is significantly lower than TIP's 3.68% return.
SGOV
1.31%
0.34%
2.19%
4.91%
N/A
N/A
TIP
3.68%
0.43%
2.18%
7.15%
1.37%
2.16%
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SGOV vs. TIP - Expense Ratio Comparison
SGOV has a 0.03% expense ratio, which is lower than TIP's 0.19% 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%.
Risk-Adjusted Performance
SGOV vs. TIP — Risk-Adjusted Performance Rank
SGOV
TIP
SGOV vs. TIP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and iShares TIPS Bond ETF (TIP). 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.
Dividends
SGOV vs. TIP - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 4.79%, more than TIP's 3.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 4.79% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TIP iShares TIPS Bond ETF | 3.03% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% |
Drawdowns
SGOV vs. TIP - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum TIP drawdown of -14.56%. Use the drawdown chart below to compare losses from any high point for SGOV and TIP. For additional features, visit the drawdowns tool.
Volatility
SGOV vs. TIP - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.06%, while iShares TIPS Bond ETF (TIP) has a volatility of 2.32%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than TIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.