AGX vs. SHV
AGX (Argan, Inc.) is a stock, while SHV (iShares 0-1 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE Short US Treasury Securities Index. Over the past 10 years, AGX returned 38.58%/yr vs 2.23%/yr for SHV. At a correlation of -0.02, they often move in opposite directions.
Performance
AGX vs. SHV - Performance Comparison
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Returns By Period
In the year-to-date period, AGX achieves a 119.52% return, which is significantly higher than SHV's 1.42% return. Over the past 10 years, AGX has outperformed SHV with an annualized return of 38.58%, while SHV has yielded a comparatively lower 2.23% annualized return.
AGX
- 1D
- 3.50%
- 1M
- -1.55%
- YTD
- 119.52%
- 6M
- 95.90%
- 1Y
- 215.63%
- 3Y*
- 159.29%
- 5Y*
- 73.16%
- 10Y*
- 38.58%
SHV
- 1D
- 0.00%
- 1M
- 0.27%
- YTD
- 1.42%
- 6M
- 1.75%
- 1Y
- 3.90%
- 3Y*
- 4.64%
- 5Y*
- 3.31%
- 10Y*
- 2.23%
AGX vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGX Argan, Inc. | 119.52% | 130.61% | 198.31% | 30.24% | -2.01% | -11.64% | 19.15% | 8.62% | -14.32% | -34.26% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.42% | 4.21% | 5.12% | 5.04% | 0.94% | -0.10% | 0.81% | 2.36% | 1.72% | 0.67% |
Correlation
The correlation between AGX and SHV is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2007 | -0.02 |
The correlation between AGX and SHV shifts across timeframes, from -0.14 (1 year) to 0.03 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
AGX vs. SHV — Risk / Return Rank
AGX
SHV
AGX vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Argan, Inc. (AGX) and iShares 0-1 Year Treasury Bond ETF (SHV). 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.
| AGX | SHV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -16.58 | ||
| Sortino ratioReturn per unit of downside risk | -146.09 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 53.77 | -52.33 |
| Calmar ratioReturn relative to maximum drawdown | 8.70 | 431.38 | -422.69 |
| Martin ratioReturn relative to average drawdown | 22.97 | 2,419.80 | -2,396.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AGX | SHV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.91 | 19.49 | -16.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.45 | 11.56 | -10.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | 8.09 | -7.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 4.50 | -4.44 |
Drawdowns
AGX vs. SHV - Drawdown Comparison
The maximum AGX drawdown since its inception was -94.37%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for AGX and SHV.
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Drawdown Indicators
| AGX | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.37% | -0.45% | -93.92% |
Max Drawdown (1Y)Largest decline over 1 year | -24.96% | -0.01% | -24.95% |
Max Drawdown (3Y)Largest decline over 3 years | -43.75% | -0.03% | -43.72% |
Max Drawdown (5Y)Largest decline over 5 years | -43.75% | -0.40% | -43.35% |
Max Drawdown (10Y)Largest decline over 10 years | -54.61% | -0.45% | -54.16% |
Current DrawdownCurrent decline from peak | -7.36% | 0.00% | -7.36% |
Average DrawdownAverage peak-to-trough decline | -48.37% | -0.03% | -48.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.43% | 0.00% | +9.43% |
Volatility
AGX vs. SHV - Volatility Comparison
Argan, Inc. (AGX) has a higher volatility of 15.08% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.05%. This indicates that AGX's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGX | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.08% | 0.05% | +15.03% |
Volatility (6M)Calculated over the trailing 6-month period | 54.58% | 0.12% | +54.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.56% | 0.20% | +74.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.62% | 0.29% | +50.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.01% | 0.28% | +45.73% |
Dividends
AGX vs. SHV - Dividend Comparison
AGX's dividend yield for the trailing twelve months is around 0.27%, less than SHV's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGX Argan, Inc. | 0.27% | 0.52% | 0.93% | 2.24% | 2.71% | 1.94% | 7.31% | 2.49% | 1.98% | 4.44% | 1.42% | 2.16% |
SHV iShares 0-1 Year Treasury Bond ETF | 3.83% | 4.09% | 5.02% | 4.73% | 1.39% | 0.00% | 0.74% | 2.19% | 1.66% | 0.72% | 0.34% | 0.03% |
Frequently Asked Questions
AGX and SHV have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGX has higher volatility (15.08%) compared to SHV (0.05%). In terms of maximum drawdown, AGX dropped -94.37% vs SHV's -0.45%.
SHV currently has the higher Sharpe Ratio (19.49 vs 2.91), 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.
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