WOOD vs. SGOV
WOOD (iShares Global Timber & Forestry ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both exchange-traded funds - WOOD is a Materials fund tracking the S&P Global Timber & Forestry 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, WOOD returned -3.45%/yr vs 3.58%/yr for SGOV. At a correlation of -0.04, they often move in opposite directions. WOOD charges 0.46%/yr vs 0.09%/yr for SGOV.
Performance
WOOD vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, WOOD achieves a -7.28% return, which is significantly lower than SGOV's 1.71% return.
WOOD
- 1D
- -1.42%
- 1M
- 1.59%
- YTD
- -7.28%
- 6M
- -6.36%
- 1Y
- -6.77%
- 3Y*
- -0.01%
- 5Y*
- -3.45%
- 10Y*
- 5.97%
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.71%
- 6M
- 1.80%
- 1Y
- 3.92%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
WOOD vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
WOOD iShares Global Timber & Forestry ETF | -7.28% | -3.27% | -4.21% | 13.84% | -19.39% | 17.03% | 46.84% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.71% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between WOOD and SGOV is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.04 |
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Return for Risk
WOOD vs. SGOV — Risk / Return Rank
WOOD
SGOV
WOOD vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Timber & Forestry ETF (WOOD) 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.
| WOOD | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.68 | ||
| Sortino ratioReturn per unit of downside risk | -273.95 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 194.05 | -193.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 395.07 | -395.38 |
| Martin ratioReturn relative to average drawdown | -0.67 | 4,426.92 | -4,427.59 |
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Drawdowns
WOOD vs. SGOV - Drawdown Comparison
The maximum WOOD drawdown since its inception was -63.25%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for WOOD and SGOV.
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Drawdown Indicators
| WOOD | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.25% | -0.03% | -63.22% |
Max Drawdown (1Y)Largest decline over 1 year | -21.64% | -0.01% | -21.63% |
Max Drawdown (3Y)Largest decline over 3 years | -22.79% | -0.01% | -22.78% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -0.03% | -30.68% |
Max Drawdown (10Y)Largest decline over 10 years | -50.20% | — | — |
Current DrawdownCurrent decline from peak | -24.58% | 0.00% | -24.58% |
Average DrawdownAverage peak-to-trough decline | -14.79% | -0.00% | -14.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.14% | 0.00% | +10.14% |
Volatility
WOOD vs. SGOV - Volatility Comparison
iShares Global Timber & Forestry ETF (WOOD) has a higher volatility of 5.12% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that WOOD'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
| WOOD | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.12% | 0.06% | +5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 14.22% | 0.13% | +14.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 0.19% | +18.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.74% | 0.24% | +19.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.76% | 0.24% | +21.52% |
WOOD vs. SGOV - Expense Ratio Comparison
WOOD has a 0.46% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Dividends
WOOD vs. SGOV - Dividend Comparison
WOOD's dividend yield for the trailing twelve months is around 2.55%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
WOOD iShares Global Timber & Forestry ETF | 2.55% | 2.51% | 2.09% | 1.64% | 2.26% | 1.24% | 0.98% | 1.85% | 2.82% | 1.19% | 1.65% | 2.04% |
Frequently Asked Questions
WOOD and SGOV have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WOOD has higher volatility (5.12%) compared to SGOV (0.06%). In terms of maximum drawdown, WOOD dropped -63.25% vs SGOV's -0.03%.
On 5-year performance, SGOV leads with 3.58% vs -3.45% for WOOD. 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, SGOV has performed better with a 3.58% return vs -3.45%. 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 0.46% for WOOD.
SGOV has the higher dividend yield at 3.85%, compared with 2.55% for WOOD.
WOOD is categorized as Materials, while SGOV is Ultrashort Bond. WOOD tracks S&P Global Timber & Forestry Index, while SGOV tracks ICE 0-3 Month US Treasury Securities Index. Their fees differ too: 0.46% for WOOD and 0.09% for SGOV.
SGOV currently has the higher Sharpe Ratio (20.32 vs -0.36), 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.
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