XONE vs. SGOV
Compare and contrast key facts about Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) and iShares 0-3 Month Treasury Bond ETF (SGOV).
XONE and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XONE is a passively managed fund by BondBloxx that tracks the performance of the Bloomberg US Treasury 1 Year Duration Index - Benchmark TR Gross. It was launched on Sep 13, 2022. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both XONE and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XONE or SGOV.
Key characteristics
| XONE | SGOV | |
|---|---|---|
| YTD Return | 3.93% | 3.88% |
| 1Y Return | 6.07% | 5.47% |
| Sharpe Ratio | 7.43 | 22.40 |
| Daily Std Dev | 0.82% | 0.24% |
| Max Drawdown | -0.40% | -0.03% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between XONE and SGOV is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
XONE vs. SGOV - Performance Comparison
The year-to-date returns for both stocks are quite close, with XONE having a 3.93% return and SGOV slightly lower at 3.88%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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XONE vs. SGOV - Expense Ratio Comparison
Both XONE and SGOV have an expense ratio of 0.03%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
XONE vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) 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.
Dividends
XONE vs. SGOV - Dividend Comparison
XONE's dividend yield for the trailing twelve months is around 5.38%, more than SGOV's 5.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
XONE Bondbloxx Bloomberg One Year Target Duration US Treasury ETF | 5.38% | 4.46% | 1.17% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.23% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
XONE vs. SGOV - Drawdown Comparison
The maximum XONE drawdown since its inception was -0.40%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for XONE and SGOV. For additional features, visit the drawdowns tool.
Volatility
XONE vs. SGOV - Volatility Comparison
Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) has a higher volatility of 0.22% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that XONE'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.