VRIG vs. SGOV
VRIG (Invesco Variable Rate Investment Grade ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both Ultrashort Bond funds. VRIG is actively managed, while SGOV is passively managed. Over the past 5 years, VRIG returned 4.47%/yr vs 3.58%/yr for SGOV. At a 0.17 correlation, their price movements are largely independent. VRIG charges 0.30%/yr vs 0.09%/yr for SGOV.
Performance
VRIG vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VRIG achieves a 2.06% return, which is significantly higher than SGOV's 1.70% return.
VRIG
- 1D
- 0.05%
- 1M
- 0.39%
- YTD
- 2.06%
- 6M
- 2.22%
- 1Y
- 4.92%
- 3Y*
- 5.92%
- 5Y*
- 4.47%
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.27%
- YTD
- 1.70%
- 6M
- 1.80%
- 1Y
- 3.93%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
VRIG vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VRIG Invesco Variable Rate Investment Grade ETF | 2.06% | 5.05% | 6.81% | 7.37% | 0.99% | 1.06% | 4.19% |
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 VRIG and SGOV is 0.05, 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 (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.17 |
The correlation between VRIG and SGOV shifts across timeframes, from 0.05 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
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
VRIG vs. SGOV — Risk / Return Rank
VRIG
SGOV
VRIG vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Variable Rate Investment Grade ETF (VRIG) 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.
| VRIG | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.27 | ||
| Sortino ratioReturn per unit of downside risk | -250.04 | ||
| Omega ratioGain probability vs. loss probability | 5.32 | 194.55 | -189.24 |
| Calmar ratioReturn relative to maximum drawdown | 61.80 | 396.11 | -334.31 |
| Martin ratioReturn relative to average drawdown | 315.78 | 4,438.60 | -4,122.82 |
Loading charts...
Drawdowns
VRIG vs. SGOV - Drawdown Comparison
The maximum VRIG drawdown since its inception was -13.04%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for VRIG and SGOV.
Loading charts...
Drawdown Indicators
| VRIG | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.04% | -0.03% | -13.01% |
Max Drawdown (1Y)Largest decline over 1 year | -0.08% | -0.01% | -0.07% |
Max Drawdown (3Y)Largest decline over 3 years | -0.78% | -0.01% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -2.28% | -0.03% | -2.25% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.27% | -0.00% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 0.00% | +0.02% |
Volatility
VRIG vs. SGOV - Volatility Comparison
Invesco Variable Rate Investment Grade ETF (VRIG) has a higher volatility of 0.11% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that VRIG'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
| VRIG | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.11% | 0.06% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.36% | 0.13% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.49% | 0.19% | +0.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.29% | 0.24% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.79% | 0.24% | +3.55% |
VRIG vs. SGOV - Expense Ratio Comparison
VRIG has a 0.30% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
VRIG vs. SGOV - Dividend Comparison
VRIG's dividend yield for the trailing twelve months is around 5.17%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
VRIG Invesco Variable Rate Investment Grade ETF | 5.17% | 4.99% | 6.09% | 5.97% | 2.39% | 0.78% | 1.57% | 3.12% | 2.89% | 2.31% | 0.60% |
Frequently Asked Questions
VRIG and SGOV have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VRIG has higher volatility (0.11%) compared to SGOV (0.06%). In terms of maximum drawdown, VRIG dropped -13.04% vs SGOV's -0.03%.
On 5-year performance, VRIG leads with 4.47% vs 3.58% for SGOV. On fees, SGOV is cheaper at 0.09% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, VRIG has performed better with a 4.47% 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 0.30% for VRIG.
VRIG has the higher dividend yield at 5.17%, compared with 3.85% for SGOV.
They also come from different issuers: Invesco and iShares. Their fees differ too: 0.30% for VRIG and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.38 vs 10.11), 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 VRIG 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