TRTY vs. SGOV
TRTY (Cambria Trinity ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - TRTY is a Tactical Allocation fund tracking the Cambria Trinity Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. Over the past 5 years, TRTY returned 6.08%/yr vs 3.58%/yr for SGOV. At a correlation of -0.06, they often move in opposite directions. TRTY charges 0.44%/yr vs 0.09%/yr for SGOV.
Performance
TRTY vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRTY achieves a 8.88% return, which is significantly higher than SGOV's 1.70% return.
TRTY
- 1D
- 0.13%
- 1M
- -0.63%
- YTD
- 8.88%
- 6M
- 8.51%
- 1Y
- 21.77%
- 3Y*
- 11.05%
- 5Y*
- 6.08%
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.27%
- YTD
- 1.70%
- 6M
- 1.80%
- 1Y
- 3.93%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
TRTY vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TRTY Cambria Trinity ETF | 8.88% | 16.35% | 3.89% | 3.97% | -3.30% | 15.73% | 14.65% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.70% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between TRTY and SGOV is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.06 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRTY vs. SGOV — Risk / Return Rank
TRTY
SGOV
TRTY vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cambria Trinity ETF (TRTY) 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.
| TRTY | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.17 | ||
| Sortino ratioReturn per unit of downside risk | -271.46 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 194.55 | -193.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.99 | 396.11 | -392.12 |
| Martin ratioReturn relative to average drawdown | 15.84 | 4,438.60 | -4,422.76 |
Loading charts...
Drawdowns
TRTY vs. SGOV - Drawdown Comparison
The maximum TRTY drawdown since its inception was -22.35%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for TRTY and SGOV.
Loading charts...
Drawdown Indicators
| TRTY | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.35% | -0.03% | -22.32% |
Max Drawdown (1Y)Largest decline over 1 year | -5.49% | -0.01% | -5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -9.25% | -0.01% | -9.24% |
Max Drawdown (5Y)Largest decline over 5 years | -13.72% | -0.03% | -13.69% |
Current DrawdownCurrent decline from peak | -1.72% | 0.00% | -1.72% |
Average DrawdownAverage peak-to-trough decline | -4.15% | -0.00% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 0.00% | +1.38% |
Volatility
TRTY vs. SGOV - Volatility Comparison
Cambria Trinity ETF (TRTY) has a higher volatility of 2.96% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that TRTY'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.
Loading charts...
Volatility by Period
| TRTY | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 0.06% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 8.61% | 0.13% | +8.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.91% | 0.19% | +9.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.58% | 0.24% | +10.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.42% | 0.24% | +10.18% |
TRTY vs. SGOV - Expense Ratio Comparison
TRTY has a 0.44% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
TRTY vs. SGOV - Dividend Comparison
TRTY's dividend yield for the trailing twelve months is around 3.04%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% |
TRTY Cambria Trinity ETF | 3.04% | 2.86% | 3.55% | 3.24% | 5.17% | 4.52% | 1.99% | 2.64% | 1.07% |
Frequently Asked Questions
TRTY and SGOV have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRTY has higher volatility (2.96%) compared to SGOV (0.06%). In terms of maximum drawdown, TRTY dropped -22.35% vs SGOV's -0.03%.
On 5-year performance, TRTY leads with 6.08% vs 3.58% for SGOV. On fees, SGOV is cheaper at 0.09% per year. On volatility, SGOV has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TRTY has performed better with a 6.08% return vs 3.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOV is cheaper with a 0.09% expense ratio, compared with 0.44% for TRTY.
SGOV has the higher dividend yield at 3.85%, compared with 3.04% for TRTY.
TRTY is categorized as Tactical Allocation, while SGOV is Ultrashort Bond. TRTY tracks Cambria Trinity Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Cambria and iShares. Their fees differ too: 0.44% for TRTY and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.38 vs 2.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for TRTY and SGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer