SGOV vs. VWCE.DE
SGOV (iShares 0-3 Month Treasury Bond ETF) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, SGOV returned 3.56%/yr vs 10.87%/yr for VWCE.DE. At a correlation of -0.04, they often move in opposite directions. SGOV charges 0.09%/yr vs 0.19%/yr for VWCE.DE.
Performance
SGOV vs. VWCE.DE - Performance Comparison
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Different Trading Currencies
SGOV is traded in USD, while VWCE.DE is traded in EUR. To make them comparable, the VWCE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SGOV achieves a 1.61% return, which is significantly lower than VWCE.DE's 10.00% return.
SGOV
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 1.61%
- 6M
- 1.78%
- 1Y
- 3.95%
- 3Y*
- 4.71%
- 5Y*
- 3.56%
- 10Y*
- —
VWCE.DE
- 1D
- 1.71%
- 1M
- 0.81%
- YTD
- 10.00%
- 6M
- 11.71%
- 1Y
- 25.62%
- 3Y*
- 19.75%
- 5Y*
- 10.87%
- 10Y*
- —
SGOV vs. VWCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 1.61% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 10.00% | 23.23% | 17.30% | 21.91% | -18.24% | 18.47% | 29.45% |
Correlation
The correlation between SGOV and VWCE.DE 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 | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.04 |
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Return for Risk
SGOV vs. VWCE.DE — Risk / Return Rank
SGOV
VWCE.DE
SGOV vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 0-3 Month Treasury Bond ETF (SGOV) and Vanguard FTSE All-World UCITS ETF (VWCE.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SGOV | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +18.23 | ||
| Sortino ratioReturn per unit of downside risk | +272.72 | ||
| Omega ratioGain probability vs. loss probability | 195.55 | 1.36 | +194.19 |
| Calmar ratioReturn relative to maximum drawdown | 398.20 | 2.86 | +395.34 |
| Martin ratioReturn relative to average drawdown | 4,461.98 | 11.93 | +4,450.05 |
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Drawdowns
SGOV vs. VWCE.DE - Drawdown Comparison
The maximum SGOV drawdown since its inception was -0.03%, smaller than the maximum VWCE.DE drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for SGOV and VWCE.DE.
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Drawdown Indicators
| SGOV | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.03% | -33.91% | +33.88% |
Max Drawdown (1Y)Largest decline over 1 year | -0.01% | -8.91% | +8.90% |
Max Drawdown (3Y)Largest decline over 3 years | -0.01% | -17.27% | +17.26% |
Max Drawdown (5Y)Largest decline over 5 years | -0.03% | -26.11% | +26.08% |
Current DrawdownCurrent decline from peak | 0.00% | -2.01% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -0.00% | -5.43% | +5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 2.14% | -2.14% |
Volatility
SGOV vs. VWCE.DE - Volatility Comparison
The current volatility for iShares 0-3 Month Treasury Bond ETF (SGOV) is 0.05%, while Vanguard FTSE All-World UCITS ETF (VWCE.DE) has a volatility of 3.93%. This indicates that SGOV experiences smaller price fluctuations and is considered to be less risky than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SGOV | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.05% | 3.93% | -3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 9.70% | -9.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.20% | 12.46% | -12.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.24% | 15.33% | -15.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.24% | 17.33% | -17.09% |
SGOV vs. VWCE.DE - Expense Ratio Comparison
SGOV has a 0.09% expense ratio, which is lower than VWCE.DE'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%.
Dividends
SGOV vs. VWCE.DE - Dividend Comparison
SGOV's dividend yield for the trailing twelve months is around 3.85%, while VWCE.DE has not paid dividends to shareholders.
| 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% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGOV and VWCE.DE 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.
On fees, SGOV is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.19% for VWCE.DE.
SGOV is categorized as Ultrashort Bond, while VWCE.DE is Global Equities. SGOV tracks ICE 0-3 Month US Treasury Securities Index, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.09% for SGOV and 0.19% for VWCE.DE.
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