SGOV vs. USFR
Compare and contrast key facts about iShares 0-3 Month Treasury Bond ETF (SGOV) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
SGOV and USFR 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. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014. Both SGOV and USFR 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 USFR.
Performance
SGOV vs. USFR - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SGOV having a 4.71% return and USFR slightly higher at 4.79%.
SGOV
4.71%
0.41%
2.60%
5.37%
N/A
N/A
USFR
4.79%
0.45%
2.46%
5.32%
2.52%
2.38%
Key characteristics
| SGOV | USFR | |
|---|---|---|
| Sharpe Ratio | 21.97 | 15.19 |
| Sortino Ratio | 530.73 | 56.08 |
| Omega Ratio | 531.73 | 13.95 |
| Calmar Ratio | 544.91 | 90.34 |
| Martin Ratio | 8,650.17 | 769.69 |
| Ulcer Index | 0.00% | 0.01% |
| Daily Std Dev | 0.25% | 0.35% |
| Max Drawdown | -0.03% | -1.36% |
| Current Drawdown | 0.00% | 0.00% |
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SGOV vs. USFR - Expense Ratio Comparison
SGOV has a 0.03% expense ratio, which is lower than USFR's 0.15% 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%.
Correlation
The correlation between SGOV and USFR is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
SGOV vs. USFR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR). 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. USFR - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 5.24%, less than USFR's 5.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.30% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.04% | 0.29% |
Drawdowns
SGOV vs. USFR - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum USFR drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for SGOV and USFR. For additional features, visit the drawdowns tool.
Volatility
SGOV vs. USFR - Volatility Comparison
iShares 0-3 Month Treasury Bond ETF (SGOV) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) have volatilities of 0.09% and 0.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.