XBOX vs. SGOV

Last updated Jul 17, 2026

XBOX (Roundhill Ultra Short Duration No Dividend Target ETF) and SGOV (iShares 0-3 Month Treasury Bond ETF) are both Ultrashort Bond funds. XBOX is actively managed, while SGOV is passively managed. At a 0.41 correlation, their price movements are largely independent. XBOX charges 0.14%/yr vs 0.09%/yr for SGOV.

Performance

XBOX vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Ultra Short Duration No Dividend Target ETF (XBOX) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XBOX

• 1D: -0.00%
• 1M: 0.46%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SGOV

• 1D: 0.01%
• 1M: 0.30%
• 6M: 1.80%
• YTD: 1.95%
• 1Y: 3.87%
• 3Y*: 4.66%
• 5Y*: 3.62%
• 10Y*: —

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

XBOX vs. SGOV - Yearly Performance Comparison

	2026 (YTD)
XBOX Roundhill Ultra Short Duration No Dividend Target ETF	1.27%
SGOV iShares 0-3 Month Treasury Bond ETF	1.20%

Correlation

The correlation between XBOX and SGOV is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 18, 2026	0.41

Return for Risk

XBOX vs. SGOV — Risk / Return Rank

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

XBOX

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

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.

XBOX vs. SGOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Ultra Short Duration No Dividend Target ETF (XBOX) 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.

	XBOX	SGOV	Difference
Sharpe ratio: Return per unit of total volatility	—	20.84	—
Sortino ratio: Return per unit of downside risk	—	382.82	—
Omega ratio: Gain probability vs. loss probability	—	383.06	—
Calmar ratio: Return relative to maximum drawdown	—	390.94	—
Martin ratio: Return relative to average drawdown	—	6,193.70	—

Drawdowns

XBOX vs. SGOV - Drawdown Comparison

The maximum XBOX drawdown since its inception was -0.83%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for XBOX and SGOV.

Drawdown Indicators

	XBOX	SGOV	Difference
Max Drawdown Largest peak-to-trough decline	-0.83%	-0.03%	-0.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.01%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-0.01%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.03%	—
Current Drawdown Current decline from peak	-0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.08%	-0.00%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.00%	—

Volatility

Volatility by Period

	XBOX	SGOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.05%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.13%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.07%	0.19%	+1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.07%	0.24%	+1.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.07%	0.24%	+1.83%

XBOX vs. SGOV - Expense Ratio Comparison

XBOX has a 0.14% 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

XBOX vs. SGOV - Dividend Comparison

XBOX has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.80%.

Position	TTM	2025	2024	2023	2022	2021	2020
SGOV iShares 0-3 Month Treasury Bond ETF	3.80%	4.10%	5.10%	4.87%	1.45%	0.03%	0.05%
XBOX Roundhill Ultra Short Duration No Dividend Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XBOX and SGOV in my portfolio?

XBOX and SGOV have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XBOX 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, XBOX or SGOV?

SGOV is cheaper with a 0.09% expense ratio, compared with 0.14% for XBOX.

Which ETF pays a higher dividend yield, XBOX or SGOV?

SGOV has the higher dividend yield at 3.80%, compared with 0.00% for XBOX.

What is the main difference between XBOX and SGOV?

They also come from different issuers: Roundhill and iShares. Their fees differ too: 0.14% for XBOX and 0.09% for SGOV.