VDST.L vs. SGOV
VDST.L (Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - VDST.L is a Government Bonds fund tracking the Bloomberg Short Treasury 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, VDST.L returned 3.35%/yr vs 3.54%/yr for SGOV. At a 0.26 correlation, their price movements are largely independent. VDST.L charges 0.05%/yr vs 0.09%/yr for SGOV.
Performance
VDST.L vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, VDST.L achieves a 1.42% return, which is significantly lower than SGOV's 1.51% return.
VDST.L
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.42%
- 6M
- 1.74%
- 1Y
- 3.94%
- 3Y*
- 4.70%
- 5Y*
- 3.35%
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.51%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
VDST.L vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VDST.L Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating | 1.42% | 4.26% | 5.24% | 4.98% | 0.95% | 0.01% | 0.03% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.51% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.02% |
Correlation
The correlation between VDST.L and SGOV is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2020 | 0.26 |
The correlation between VDST.L and SGOV shifts across timeframes, from -0.13 (1 year) to 0.26 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
VDST.L vs. SGOV — Risk / Return Rank
VDST.L
SGOV
VDST.L vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.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.
| VDST.L | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.99 | ||
| Sortino ratioReturn per unit of downside risk | -253.60 | ||
| Omega ratioGain probability vs. loss probability | 4.86 | 195.55 | -190.69 |
| Calmar ratioReturn relative to maximum drawdown | 35.91 | 398.20 | -362.29 |
| Martin ratioReturn relative to average drawdown | 243.54 | 4,462.00 | -4,218.46 |
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
| VDST.L | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 9.29 | 20.28 | -10.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 8.03 | 14.73 | -6.70 |
Sharpe Ratio (All Time)Calculated using the full available price history | 7.82 | 12.48 | -4.67 |
Drawdowns
VDST.L vs. SGOV - Drawdown Comparison
The maximum VDST.L drawdown since its inception was -0.36%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for VDST.L and SGOV.
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Drawdown Indicators
| VDST.L | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.36% | -0.03% | -0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -0.11% | -0.01% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -0.15% | -0.01% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -0.36% | -0.03% | -0.33% |
Current DrawdownCurrent decline from peak | -0.01% | 0.00% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -0.00% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.00% | +0.02% |
Volatility
VDST.L vs. SGOV - Volatility Comparison
Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating (VDST.L) has a higher volatility of 0.12% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that VDST.L'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.
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Volatility by Period
| VDST.L | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.12% | 0.05% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 0.33% | 0.13% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.42% | 0.20% | +0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.47% | 0.24% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.46% | 0.24% | +0.22% |
VDST.L vs. SGOV - Expense Ratio Comparison
VDST.L has a 0.05% 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%.
Dividends
VDST.L vs. SGOV - Dividend Comparison
VDST.L has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.86%.
| 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% |
VDST.L Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (USD) Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VDST.L and SGOV have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VDST.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDST.L is cheaper with a 0.05% expense ratio, compared with 0.09% for SGOV.
VDST.L is categorized as Government Bonds, while SGOV is Ultrashort Bond. VDST.L tracks Bloomberg Short Treasury Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.05% for VDST.L and 0.09% for SGOV.
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