TI5A.AS vs. SGOV

Last updated Jul 18, 2026

TI5A.AS (iShares USD TIPS 0-5 UCITS ETF USD Accumulating) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - TI5A.AS is a Inflation-Protected Bonds fund tracking the ICE US Treasury Inflation-Linked Bond 0-5 Years, 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, TI5A.AS returned 5.15%/yr vs 4.67%/yr for SGOV. At a 0.03 correlation, their price movements are largely independent. TI5A.AS charges 0.10%/yr vs 0.09%/yr for SGOV.

Performance

TI5A.AS vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares USD TIPS 0-5 UCITS ETF USD Accumulating (TI5A.AS) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with TI5A.AS having a 1.96% return and SGOV slightly higher at 1.98%.

TI5A.AS

• 1D: 0.07%
• 1M: 0.07%
• 6M: 1.80%
• YTD: 1.96%
• 1Y: 3.55%
• 3Y*: 5.15%
• 5Y*: —
• 10Y*: —

SGOV

• 1D: 0.03%
• 1M: 0.32%
• 6M: 1.79%
• YTD: 1.98%
• 1Y: 3.89%
• 3Y*: 4.67%
• 5Y*: 3.63%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TI5A.AS vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TI5A.AS iShares USD TIPS 0-5 UCITS ETF USD Accumulating	1.96%	5.25%	5.59%	4.42%	-1.60%
SGOV iShares 0-3 Month Treasury Bond ETF	1.98%	4.24%	5.27%	5.12%	1.44%

Correlation

The correlation between TI5A.AS and SGOV is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.00
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (All Time) Calculated using the full available price history since Jun 27, 2022	0.03

Return for Risk

TI5A.AS vs. SGOV — Risk / Return Rank

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

TI5A.AS

TI5A.AS Risk / Return Rank: 76
TI5A.AS Sharpe Ratio Rank: 64
TI5A.AS Sortino Ratio Rank: 66
TI5A.AS Omega Ratio Rank: 76
TI5A.AS Calmar Ratio Rank: 88
TI5A.AS Martin Ratio Rank: 86

SGOV

SGOV Risk / Return Rank: 100
SGOV Sharpe Ratio Rank: 100
SGOV Sortino Ratio Rank: 100
SGOV Omega Ratio Rank: 100
SGOV Calmar Ratio Rank: 100
SGOV Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TI5A.AS vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares USD TIPS 0-5 UCITS ETF USD Accumulating (TI5A.AS) 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.

	TI5A.AS	SGOV	Difference
Sharpe ratio: Return per unit of total volatility	1.58	20.89	-19.31
Sortino ratio: Return per unit of downside risk	2.31	384.82	-382.51
Omega ratio: Gain probability vs. loss probability	1.34	385.05	-383.72
Calmar ratio: Return relative to maximum drawdown	3.85	393.03	-389.18
Martin ratio: Return relative to average drawdown	13.49	6,226.73	-6,213.24

TI5A.AS vs. SGOV - Sharpe Ratio Comparison

The current TI5A.AS Sharpe Ratio is 1.58, which is lower than the SGOV Sharpe Ratio of 20.89. The chart below compares the historical Sharpe Ratios of TI5A.AS and SGOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TI5A.AS vs. SGOV - Drawdown Comparison

The maximum TI5A.AS drawdown since its inception was -4.17%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for TI5A.AS and SGOV.

Drawdown Indicators

	TI5A.AS	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-4.17%	-0.03%	-4.14%
Max Drawdown (1Y) Largest decline over 1 year	-0.91%	-0.01%	-0.90%
Max Drawdown (3Y) Largest decline over 3 years	-1.28%	-0.01%	-1.27%
Max Drawdown (5Y) Largest decline over 5 years	—	-0.03%	—
Current Drawdown Current decline from peak	-0.16%	0.00%	-0.16%
Average Drawdown Average peak-to-trough decline	-0.69%	-0.00%	-0.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.26%	0.00%	+0.26%

Volatility

TI5A.AS vs. SGOV - Volatility Comparison

iShares USD TIPS 0-5 UCITS ETF USD Accumulating (TI5A.AS) has a higher volatility of 0.32% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that TI5A.AS'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.

Volatility by Period

	TI5A.AS	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.32%	0.05%	+0.27%
Volatility (6M) Calculated over the trailing 6-month period	1.76%	0.13%	+1.63%
Volatility (1Y) Calculated over the trailing 1-year period	2.22%	0.19%	+2.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.04%	0.24%	+2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.04%	0.24%	+2.80%

TI5A.AS vs. SGOV - Expense Ratio Comparison

TI5A.AS has a 0.10% expense ratio, which is higher than SGOV's 0.09% 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%.

Dividends

TI5A.AS vs. SGOV - Dividend Comparison

TI5A.AS has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.80%.

Position	TTM	2025	2024	2023	2022	2021	2020
SGOV iShares 0-3 Month Treasury Bond ETF	3.80%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%
TI5A.AS iShares USD TIPS 0-5 UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TI5A.AS and SGOV in my portfolio?

TI5A.AS and SGOV have a correlation of -0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TI5A.AS or SGOV?

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.

Which ETF is cheaper, TI5A.AS or SGOV?

SGOV is cheaper with a 0.09% expense ratio, compared with 0.10% for TI5A.AS.

What is the main difference between TI5A.AS and SGOV?

TI5A.AS is categorized as Inflation-Protected Bonds, while SGOV is Ultrashort Bond. TI5A.AS tracks ICE US Treasury Inflation-Linked Bond 0-5 Years, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.10% for TI5A.AS and 0.09% for SGOV.