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SGOV vs TLT: Performance & Backtest Comparison
SGOV delivered the higher return - 2.43% CAGR vs -7.63% - over 2020-07-31 → 2026-07-31.
Growth comparison
Drawdown
Annual returns
| SGOV | TLT | |
|---|---|---|
| Name | iShares 0-3 Month Treasury Bond ETF | iShares 20+ Year Treasury Bond ETF |
| CAGR | 2.43% | -7.63% |
| Total return | 15.76% | -38.28% |
| Volatility | 0.65% | 14.08% |
| Max drawdown | -0.23%Jul 2026 | -48.92%Oct 2023 |
| Sharpe | -1.15 | -0.70 |
| Sortino | -1.03 | -1.15 |
| Best year | 4.85% | 4.25% |
| Worst year | 0.03% | -31.87% |
| Final balance | $11,576 | $6,172 |
Correlation of monthly returns: 0.12. 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 2026-07-31, SGOV performed better: 2.43% annualized versus -7.63% 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 0.12 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 0.65% annualized volatility and a -0.23% max drawdown, versus 14.08% and -48.92% for TLT.