TSTX-U.TO vs. SGOV

Last updated Jun 5, 2026

TSTX-U.TO (Global X 1-3 Year U.S. Treasury Bond Index ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - TSTX-U.TO is a Short-Term Bond fund tracking the ICE U.S. Treasury 1-3 Year Bond Index, while SGOV is a Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Both are passively managed. At a correlation of -0.09, they often move in opposite directions. TSTX-U.TO charges 0.15%/yr vs 0.09%/yr for SGOV.

Performance

TSTX-U.TO vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.TO) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TSTX-U.TO is traded in CAD, while SGOV is traded in USD. To make them comparable, the SGOV values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TSTX-U.TO achieves a 0.23% return, which is significantly lower than SGOV's 2.80% return.

TSTX-U.TO

• 1D: 0.08%
• 1M: 0.13%
• YTD: 0.23%
• 6M: 0.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGOV

• 1D: 0.00%
• 1M: 2.32%
• YTD: 2.80%
• 6M: 1.33%
• 1Y: 5.60%
• 3Y*: 5.87%
• 5Y*: 6.50%
• 10Y*: —

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

TSTX-U.TO vs. SGOV - Yearly Performance Comparison

	2026 (YTD)	2025
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF	0.23%	1.20%
SGOV iShares 0-3 Month Treasury Bond ETF	2.91%	-0.74%

Correlation

The correlation between TSTX-U.TO and SGOV is -0.09, 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 (All Time) Calculated using the full available price history since Oct 9, 2025	-0.09

Return for Risk

TSTX-U.TO vs. SGOV — Risk / Return Rank

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

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.

TSTX-U.TO vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X 1-3 Year U.S. Treasury Bond Index ETF (TSTX-U.TO) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TSTX-U.TO	SGOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.21	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	0.49	+0.83

Drawdowns

TSTX-U.TO vs. SGOV - Drawdown Comparison

The maximum TSTX-U.TO drawdown since its inception was -0.90%, smaller than the maximum SGOV drawdown of -12.53%. Use the drawdown chart below to compare losses from any high point for TSTX-U.TO and SGOV.

Drawdown Indicators

	TSTX-U.TO	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-0.90%	-12.53%	+11.63%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-5.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-5.17%	—
Current Drawdown Current decline from peak	-0.35%	0.00%	-0.35%
Average Drawdown Average peak-to-trough decline	-0.25%	-3.62%	+3.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.34%	—

Volatility

Volatility by Period

	TSTX-U.TO	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.80%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.68%	4.65%	-2.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.68%	6.36%	-4.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.68%	6.40%	-4.72%

TSTX-U.TO vs. SGOV - Expense Ratio Comparison

TSTX-U.TO has a 0.15% 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

TSTX-U.TO vs. SGOV - Dividend Comparison

TSTX-U.TO's dividend yield for the trailing twelve months is around 2.32%, less than SGOV's 3.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
SGOV iShares 0-3 Month Treasury Bond ETF	3.86%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%
TSTX-U.TO Global X 1-3 Year U.S. Treasury Bond Index ETF	2.32%	0.84%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSTX-U.TO and SGOV in my portfolio?

TSTX-U.TO and SGOV have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSTX-U.TO 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, TSTX-U.TO or SGOV?

SGOV is cheaper with a 0.09% expense ratio, compared with 0.15% for TSTX-U.TO.

What is the main difference between TSTX-U.TO and SGOV?

TSTX-U.TO is categorized as Short-Term Bond, while SGOV is Ultrashort Bond. TSTX-U.TO tracks ICE U.S. Treasury 1-3 Year Bond Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Global X and iShares. Their fees differ too: 0.15% for TSTX-U.TO and 0.09% for SGOV.