TRIS.L vs. SGOV
Compare and contrast key facts about Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.L) and iShares 0-3 Month Treasury Bond ETF (SGOV).
TRIS.L and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TRIS.L is a passively managed fund by Invesco that tracks the performance of the Bloomberg US Government TR USD. It was launched on Jan 21, 2020. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020. Both TRIS.L 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.
Performance
TRIS.L vs. SGOV - Performance Comparison
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TRIS.L vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 1.82% | -2.79% | 6.84% | -0.75% | 12.57% | 1.25% | -9.69% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.55% | -3.18% | 7.11% | -0.13% | 13.66% | 0.99% | -9.79% |
Different Trading Currencies
TRIS.L is traded in GBp, while SGOV is traded in USD. To make them comparable, the SGOV values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, TRIS.L achieves a 1.82% return, which is significantly lower than SGOV's 2.55% return.
TRIS.L
- 1D
- -0.82%
- 1M
- 0.63%
- YTD
- 1.82%
- 6M
- 3.00%
- 1Y
- 0.95%
- 3Y*
- 2.14%
- 5Y*
- 3.91%
- 10Y*
- —
SGOV
- 1D
- -0.21%
- 1M
- 1.44%
- YTD
- 2.55%
- 6M
- 3.61%
- 1Y
- 1.46%
- 3Y*
- 2.31%
- 5Y*
- 4.29%
- 10Y*
- —
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TRIS.L vs. SGOV - Expense Ratio Comparison
TRIS.L has a 0.06% expense ratio, which is lower than SGOV's 0.09% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
TRIS.L vs. SGOV — Risk / Return Rank
TRIS.L
SGOV
TRIS.L vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.L) 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.
| TRIS.L | SGOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 0.20 | -0.06 |
Sortino ratioReturn per unit of downside risk | 0.24 | 0.34 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.04 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.20 | 0.22 | -0.02 |
Martin ratioReturn relative to average drawdown | 0.37 | 0.41 | -0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRIS.L | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.20 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.50 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.19 | +0.08 |
Correlation
The correlation between TRIS.L and SGOV is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TRIS.L vs. SGOV - Dividend Comparison
TRIS.L's dividend yield for the trailing twelve months is around 4.01%, more than SGOV's 3.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 4.01% | 4.26% | 4.87% | 4.68% | 1.52% | 0.10% | 0.57% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.95% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
TRIS.L vs. SGOV - Drawdown Comparison
The maximum TRIS.L drawdown since its inception was -18.99%, which is greater than SGOV's maximum drawdown of -15.77%. Use the drawdown chart below to compare losses from any high point for TRIS.L and SGOV.
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Drawdown Indicators
| TRIS.L | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.99% | -0.03% | -18.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.27% | -0.01% | -6.26% |
Max Drawdown (5Y)Largest decline over 5 years | -15.37% | -0.03% | -15.34% |
Current DrawdownCurrent decline from peak | -5.45% | 0.00% | -5.45% |
Average DrawdownAverage peak-to-trough decline | -9.91% | 0.00% | -9.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.36% | 0.00% | +3.36% |
Volatility
TRIS.L vs. SGOV - Volatility Comparison
The current volatility for Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.L) is 2.14%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 2.58%. This indicates that TRIS.L 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.
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Volatility by Period
| TRIS.L | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.14% | 2.58% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 4.46% | 4.85% | -0.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.85% | 7.33% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 8.58% | -0.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.84% | 8.56% | +0.28% |