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TBLL vs. SGOV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TBLL and SGOV is 0.00, 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.


Performance

TBLL vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Short Term Treasury ETF (TBLL) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

11.00%12.00%13.00%14.00%December2025FebruaryMarchAprilMay
13.24%
14.23%
TBLL
SGOV

Key characteristics

Sharpe Ratio

TBLL:

14.27

SGOV:

21.26

Sortino Ratio

TBLL:

41.98

SGOV:

482.39

Omega Ratio

TBLL:

15.00

SGOV:

483.39

Calmar Ratio

TBLL:

64.47

SGOV:

494.09

Martin Ratio

TBLL:

637.97

SGOV:

7,843.46

Ulcer Index

TBLL:

0.01%

SGOV:

0.00%

Daily Std Dev

TBLL:

0.34%

SGOV:

0.23%

Max Drawdown

TBLL:

-0.61%

SGOV:

-0.03%

Current Drawdown

TBLL:

0.00%

SGOV:

0.00%

Returns By Period

In the year-to-date period, TBLL achieves a 1.44% return, which is significantly lower than SGOV's 1.52% return.


TBLL

YTD

1.44%

1M

0.30%

6M

2.16%

1Y

4.84%

5Y*

2.53%

10Y*

N/A

SGOV

YTD

1.52%

1M

0.37%

6M

2.16%

1Y

4.86%

5Y*

N/A

10Y*

N/A

*Annualized

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TBLL vs. SGOV - Expense Ratio Comparison

TBLL has a 0.08% expense ratio, which is higher than SGOV's 0.03% expense ratio. However, 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

TBLL vs. SGOV — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TBLL
The Risk-Adjusted Performance Rank of TBLL is 100100
Overall Rank
The Sharpe Ratio Rank of TBLL is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of TBLL is 100100
Sortino Ratio Rank
The Omega Ratio Rank of TBLL is 100100
Omega Ratio Rank
The Calmar Ratio Rank of TBLL is 100100
Calmar Ratio Rank
The Martin Ratio Rank of TBLL is 100100
Martin Ratio Rank

SGOV
The Risk-Adjusted Performance Rank of SGOV is 100100
Overall Rank
The Sharpe Ratio Rank of SGOV is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of SGOV is 100100
Sortino Ratio Rank
The Omega Ratio Rank of SGOV is 100100
Omega Ratio Rank
The Calmar Ratio Rank of SGOV is 100100
Calmar Ratio Rank
The Martin Ratio Rank of SGOV is 100100
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TBLL vs. SGOV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Short Term Treasury ETF (TBLL) 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.


The current TBLL Sharpe Ratio is 14.27, which is lower than the SGOV Sharpe Ratio of 21.26. The chart below compares the historical Sharpe Ratios of TBLL and SGOV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio10.0012.0014.0016.0018.0020.0022.00December2025FebruaryMarchAprilMay
14.15
21.26
TBLL
SGOV

Dividends

TBLL vs. SGOV - Dividend Comparison

TBLL's dividend yield for the trailing twelve months is around 4.70%, which matches SGOV's 4.70% yield.


TTM20242023202220212020201920182017
TBLL
Invesco Short Term Treasury ETF
4.70%4.99%4.63%1.37%0.05%0.80%2.24%1.69%0.71%
SGOV
iShares 0-3 Month Treasury Bond ETF
4.70%5.10%4.87%1.45%0.03%0.05%0.00%0.00%0.00%

Drawdowns

TBLL vs. SGOV - Drawdown Comparison

The maximum TBLL drawdown since its inception was -0.61%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for TBLL and SGOV. For additional features, visit the drawdowns tool.


-0.04%-0.03%-0.02%-0.01%0.00%December2025FebruaryMarchAprilMay00
TBLL
SGOV

Volatility

TBLL vs. SGOV - Volatility Comparison

The current volatility for Invesco Short Term Treasury ETF (TBLL) is 0.05%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 0.07%. This indicates that TBLL experiences smaller price fluctuations and is considered to be less risky than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.05%0.06%0.07%0.08%0.09%0.10%December2025FebruaryMarchAprilMay
0.05%
0.07%
TBLL
SGOV