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SGOV vs TLT: Performance & Backtest Comparison
SGOV delivered the higher return - 2.99% CAGR vs -7.34% - over 2020-07-31 → 2026-06-30.
Growth comparison
Drawdown
Annual returns
| SGOV | TLT | |
|---|---|---|
| Name | iShares 0-3 Month Treasury Bond ETF | iShares 20+ Year Treasury Bond ETF |
| CAGR | 2.99% | -7.34% |
| Total return | 19.33% | -36.72% |
| Volatility | 0.63% | 14.16% |
| Max drawdown | -0.00%Jun 2021 | -47.61%Oct 2023 |
| Sharpe | 0.23 | -0.68 |
| Sortino | 0.30 | -1.12 |
| Best year | 5.27% | 4.25% |
| Worst year | 0.03% | -31.24% |
| Final balance | $11,933 | $6,328 |
Correlation of monthly returns: 0.13. Wondering if you need both? Check their fund overlap →
All figures are total returns: every dividend and distribution is reinvested on its ex-date, and prices are split-adjusted. See the methodology.
Frequently asked questions
Which has performed better, SGOV or TLT?
Over 2020-07-31 to 2026-06-30, SGOV performed better: 2.99% annualized versus -7.34% for TLT, with dividends reinvested. Past performance does not guarantee future results.
How similar are SGOV and TLT?
Their monthly returns have a correlation of 0.13 over the common period. SGOV is iShares 0-3 Month Treasury Bond ETF; TLT is iShares 20+ Year Treasury Bond ETF.
Which is riskier, SGOV or TLT?
Over the common period SGOV had 0.63% annualized volatility and a -0.00% max drawdown, versus 14.16% and -47.61% for TLT.