TRES vs. SGOV
Compare and contrast key facts about Defiance Treasury Alternative Yield ETF (TRES) and iShares 0-3 Month Treasury Bond ETF (SGOV).
TRES and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TRES is an actively managed fund by Defiance. It was launched on Jan 24, 2024. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TRES or SGOV.
Key characteristics
| TRES | SGOV |
|---|
Correlation
The correlation between TRES and SGOV is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
TRES vs. SGOV - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TRES vs. SGOV - Expense Ratio Comparison
TRES has a 0.75% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
TRES vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Treasury Alternative Yield ETF (TRES) 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.
Dividends
TRES vs. SGOV - Dividend Comparison
TRES has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 5.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
TRES Defiance Treasury Alternative Yield ETF | 5.38% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.23% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
TRES vs. SGOV - Drawdown Comparison
Volatility
TRES vs. SGOV - Volatility Comparison
The current volatility for Defiance Treasury Alternative Yield ETF (TRES) is 0.00%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 0.08%. This indicates that TRES 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.