TIP vs. SGOV
Compare and contrast key facts about iShares TIPS Bond ETF (TIP) and iShares 0-3 Month Treasury Bond ETF (SGOV).
TIP and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TIP is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Dec 4, 2003. 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. Both TIP and SGOV 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: TIP or SGOV.
Correlation
The correlation between TIP 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
TIP vs. SGOV - Performance Comparison
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Key characteristics
TIP:
1.06
SGOV:
21.24
TIP:
1.52
SGOV:
476.39
TIP:
1.19
SGOV:
477.39
TIP:
0.52
SGOV:
487.81
TIP:
3.30
SGOV:
7,743.69
TIP:
1.58%
SGOV:
0.00%
TIP:
4.74%
SGOV:
0.23%
TIP:
-14.56%
SGOV:
-0.03%
TIP:
-5.26%
SGOV:
0.00%
Returns By Period
In the year-to-date period, TIP achieves a 2.87% return, which is significantly higher than SGOV's 1.55% return.
TIP
2.87%
0.38%
2.35%
4.99%
1.26%
2.25%
SGOV
1.55%
0.34%
2.16%
4.85%
N/A
N/A
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TIP vs. SGOV - Expense Ratio Comparison
TIP has a 0.19% 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
TIP vs. SGOV — Risk-Adjusted Performance Rank
TIP
SGOV
TIP vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares TIPS Bond ETF (TIP) 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.
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Dividends
TIP vs. SGOV - Dividend Comparison
TIP's dividend yield for the trailing twelve months is around 2.93%, less than SGOV's 4.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIP iShares TIPS Bond ETF | 2.93% | 2.52% | 2.73% | 6.96% | 4.28% | 1.17% | 1.75% | 2.71% | 2.07% | 1.48% | 0.34% | 1.67% |
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% | 0.00% | 0.00% | 0.00% |
Drawdowns
TIP vs. SGOV - Drawdown Comparison
The maximum TIP drawdown since its inception was -14.56%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for TIP and SGOV. For additional features, visit the drawdowns tool.
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Volatility
TIP vs. SGOV - Volatility Comparison
iShares TIPS Bond ETF (TIP) has a higher volatility of 1.58% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that TIP'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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