ULST vs. SGOV
Compare and contrast key facts about SPDR SSgA Ultra Short Term Bond ETF (ULST) and iShares 0-3 Month Treasury Bond ETF (SGOV).
ULST and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULST is an actively managed fund by State Street. It was launched on Oct 9, 2013. 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: ULST or SGOV.
Performance
ULST vs. SGOV - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with ULST having a 4.71% return and SGOV slightly higher at 4.75%.
ULST
4.71%
0.28%
2.75%
5.75%
2.62%
2.09%
SGOV
4.75%
0.38%
2.53%
5.31%
N/A
N/A
Key characteristics
| ULST | SGOV | |
|---|---|---|
| Sharpe Ratio | 4.93 | 21.74 |
| Sortino Ratio | 8.07 | 523.74 |
| Omega Ratio | 2.66 | 524.74 |
| Calmar Ratio | 10.70 | 537.55 |
| Martin Ratio | 81.77 | 8,533.31 |
| Ulcer Index | 0.07% | 0.00% |
| Daily Std Dev | 1.18% | 0.25% |
| Max Drawdown | -6.19% | -0.03% |
| Current Drawdown | 0.00% | 0.00% |
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ULST vs. SGOV - Expense Ratio Comparison
ULST has a 0.20% 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%.
Correlation
The correlation between ULST and SGOV is 0.19, 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.
Risk-Adjusted Performance
ULST vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Ultra Short Term Bond ETF (ULST) 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
ULST vs. SGOV - Dividend Comparison
ULST's dividend yield for the trailing twelve months is around 5.08%, less than SGOV's 5.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULST SPDR SSgA Ultra Short Term Bond ETF | 5.08% | 4.45% | 1.71% | 0.54% | 1.34% | 2.56% | 2.13% | 1.21% | 0.93% | 0.37% | 0.34% | 0.06% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.24% | 4.87% | 1.45% | 0.03% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ULST vs. SGOV - Drawdown Comparison
The maximum ULST drawdown since its inception was -6.19%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for ULST and SGOV. For additional features, visit the drawdowns tool.
Volatility
ULST vs. SGOV - Volatility Comparison
SPDR SSgA Ultra Short Term Bond ETF (ULST) has a higher volatility of 0.18% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that ULST'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.