SHOC vs. SGOV
SHOC (Strive U.S. Semiconductor ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - SHOC is a Semiconductors fund tracking the Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 3 years, SHOC returned 56.12%/yr vs 4.68%/yr for SGOV. At a correlation of -0.04, they often move in opposite directions. SHOC charges 0.40%/yr vs 0.09%/yr for SGOV.
Performance
SHOC vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, SHOC achieves a 81.69% return, which is significantly higher than SGOV's 1.70% return.
SHOC
- 1D
- 1.74%
- 1M
- 15.76%
- YTD
- 81.69%
- 6M
- 81.47%
- 1Y
- 152.44%
- 3Y*
- 56.12%
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.27%
- YTD
- 1.70%
- 6M
- 1.80%
- 1Y
- 3.93%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
SHOC vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SHOC Strive U.S. Semiconductor ETF | 81.69% | 49.91% | 16.74% | 61.97% | -1.79% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.70% | 4.24% | 5.27% | 5.12% | 0.86% |
Correlation
The correlation between SHOC and SGOV is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022 | -0.04 |
The correlation between SHOC and SGOV shifts across timeframes, from -0.15 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SHOC vs. SGOV — Risk / Return Rank
SHOC
SGOV
SHOC vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Semiconductor ETF (SHOC) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
| SHOC | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.98 | ||
| Sortino ratioReturn per unit of downside risk | -269.89 | ||
| Omega ratioGain probability vs. loss probability | 1.61 | 194.55 | -192.94 |
| Calmar ratioReturn relative to maximum drawdown | 10.51 | 396.11 | -385.60 |
| Martin ratioReturn relative to average drawdown | 37.16 | 4,438.60 | -4,401.44 |
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Drawdowns
SHOC vs. SGOV - Drawdown Comparison
The maximum SHOC drawdown since its inception was -37.54%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SHOC and SGOV.
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Drawdown Indicators
| SHOC | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.54% | -0.03% | -37.51% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -0.01% | -14.58% |
Max Drawdown (3Y)Largest decline over 3 years | -37.54% | -0.01% | -37.53% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.44% | -0.00% | -7.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 0.00% | +4.12% |
Volatility
SHOC vs. SGOV - Volatility Comparison
Strive U.S. Semiconductor ETF (SHOC) has a higher volatility of 17.00% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that SHOC's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHOC | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.00% | 0.06% | +16.94% |
Volatility (6M)Calculated over the trailing 6-month period | 28.12% | 0.13% | +27.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.93% | 0.19% | +34.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.86% | 0.24% | +35.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.86% | 0.24% | +35.62% |
SHOC vs. SGOV - Expense Ratio Comparison
SHOC has a 0.40% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
SHOC vs. SGOV - Dividend Comparison
SHOC's dividend yield for the trailing twelve months is around 0.13%, less than SGOV's 3.85% yield.
| 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% |
SHOC Strive U.S. Semiconductor ETF | 0.13% | 0.23% | 0.35% | 0.65% | 0.24% | 0.00% | 0.00% |
Frequently Asked Questions
SHOC and SGOV have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOC has higher volatility (17.00%) compared to SGOV (0.06%). In terms of maximum drawdown, SHOC dropped -37.54% vs SGOV's -0.03%.
On 3-year performance, SHOC leads with 56.12% vs 4.68% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, SHOC has performed better with a 56.12% return vs 4.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.40% for SHOC.
SGOV has the higher dividend yield at 3.85%, compared with 0.13% for SHOC.
SHOC is categorized as Semiconductors, while SGOV is Ultrashort Bond. SHOC tracks Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Strive and iShares. Their fees differ too: 0.40% for SHOC and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.38 vs 4.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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