SGOV vs. USD=X
SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while USD=X (USD Cash) is a currency. Over the past 5 years, SGOV returned 3.54%/yr vs 0.00%/yr for USD=X.
Performance
SGOV vs. USD=X - Performance Comparison
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Returns By Period
SGOV
- 1D
- 0.03%
- 1M
- 0.31%
- YTD
- 1.55%
- 6M
- 1.79%
- 1Y
- 3.97%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
SGOV vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 1.55% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
SGOV vs. USD=X — Risk / Return Rank
SGOV
USD=X
SGOV vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and USD Cash (USD=X). 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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 196.55 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 400.29 | — | — |
| Martin ratioReturn relative to average drawdown | 4,485.40 | — | — |
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 | USD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 20.34 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 14.75 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 12.50 | — | — |
Drawdowns
SGOV vs. USD=X - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SGOV and USD=X.
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Drawdown Indicators
| SGOV | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | 0.00% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | 0.00% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | 0.00% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | 0.00% | -0.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | 0.00% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.00% | 0.00% | 0.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.00% | 0.00% |
Volatility
SGOV vs. USD=X - Volatility Comparison
iShares 0-3 Month Treasury Bond ETF (SGOV) has a higher volatility of 0.06% compared to USD Cash (USD=X) at 0.00%. This indicates that SGOV's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOV | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.06% | 0.00% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 0.00% | +0.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 0.00% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 0.00% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 0.00% | +0.24% |
Frequently Asked Questions
SGOV has higher volatility (0.06%) compared to USD=X (0.00%). In terms of maximum drawdown, SGOV dropped -0.03% vs USD=X's 0.00%.
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