XFLT vs. SGOV
XFLT (XAI Octagon Floating Rate & Alternative Income Term Trust) is a stock, while SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, XFLT returned -3.24%/yr vs 3.66%/yr for SGOV. Their -0.06 correlation means they have often moved in opposite directions in the past.
Performance
XFLT vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XFLT achieves a -13.70% return, which is significantly lower than SGOV's 2.11% return.
XFLT
- 1D
- -0.48%
- 1M
- 7.09%
- 6M
- -8.91%
- YTD
- -13.70%
- 1Y
- -20.33%
- 3Y*
- -4.28%
- 5Y*
- -3.24%
- 10Y*
- —
- ALL TIME*
- 1.20%
SGOV
- 1D
- 0.02%
- 1M
- 0.27%
- 6M
- 1.81%
- YTD
- 2.11%
- 1Y
- 3.83%
- 3Y*
- 4.64%
- 5Y*
- 3.66%
- 10Y*
- —
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.83B | $1.81B | $2.03B | |
| $2.03M | $1.89M | $1.66M |
XFLT vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | -13.70% | -15.35% | 7.37% | 30.40% | -20.30% | 31.30% | 61.63% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.11% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between XFLT and SGOV is -0.15, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.15 |
Correlation (3Y) Balances recent behavior with more history. | -0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.06 |
The correlation between XFLT and SGOV shifts across timeframes, from -0.15 (1 year) to -0.01 (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
XFLT vs. SGOV — Risk / Return Rank
XFLT
SGOV
XFLT vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) 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.
| XFLT | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.74 | ||
| Sortino ratioReturn per unit of downside risk | -383.18 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 382.06 | -381.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 389.90 | -390.41 |
| Martin ratioReturn relative to average drawdown | -0.93 | 6,177.21 | -6,178.13 |
Loading charts...
Drawdowns
XFLT vs. SGOV - Drawdown Comparison
The maximum XFLT drawdown since its inception was -55.43%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for XFLT and SGOV.
Loading charts...
Drawdown Indicators
| XFLT | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.43% | -0.03% | -55.40% |
Max Drawdown (1Y)Largest decline over 1 year | -40.67% | -0.01% | -40.66% |
Max Drawdown (3Y)Largest decline over 3 years | -47.04% | -0.01% | -47.03% |
Max Drawdown (5Y)Largest decline over 5 years | -47.04% | -0.03% | -47.01% |
Current DrawdownCurrent decline from peak | -31.38% | 0.00% | -31.38% |
Average DrawdownAverage peak-to-trough decline | -14.75% | 0.00% | -14.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.13% | 0.00% | +22.13% |
Volatility
XFLT vs. SGOV - Volatility Comparison
XAI Octagon Floating Rate & Alternative Income Term Trust (XFLT) has a higher volatility of 6.27% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that XFLT'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
| XFLT | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.27% | 0.05% | +6.22% |
Volatility (6M)Calculated over the trailing 6-month period | 18.99% | 0.13% | +18.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.36% | 0.19% | +21.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.94% | 0.24% | +20.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.06% | 0.23% | +25.83% |
Dividends
XFLT vs. SGOV - Dividend Comparison
XFLT's dividend yield for the trailing twelve months is around 18.87%, more than SGOV's 3.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
SGOV iShares 0-3 Month Treasury Bond ETF | 3.43% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% |
XFLT XAI Octagon Floating Rate & Alternative Income Term Trust | 18.87% | 18.23% | 15.24% | 13.61% | 13.86% | 9.82% | 10.64% | 10.63% | 11.33% | 1.47% |
Frequently Asked Questions
XFLT and SGOV have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XFLT has higher volatility (6.27%) compared to SGOV (0.05%). In terms of maximum drawdown, XFLT dropped -55.43% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.78 vs -0.96), 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 XFLT 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