AZO vs. SGOV
AZO (AutoZone, Inc.) 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, AZO returned 12.62%/yr vs 3.64%/yr for SGOV. Their -0.03 correlation means they have often moved in opposite directions in the past.
Performance
AZO vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, AZO achieves a -12.80% return, which is significantly lower than SGOV's 2.04% return.
AZO
- 1D
- 1.16%
- 1M
- -3.32%
- 6M
- -20.07%
- YTD
- -12.80%
- 1Y
- -22.60%
- 3Y*
- 5.74%
- 5Y*
- 12.62%
- 10Y*
- 13.96%
- ALL TIME*
- 18.74%
SGOV
- 1D
- 0.03%
- 1M
- 0.30%
- 6M
- 1.80%
- YTD
- 2.04%
- 1Y
- 3.85%
- 3Y*
- 4.65%
- 5Y*
- 3.64%
- 10Y*
- —
- ALL TIME*
- 2.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $474.96M | $962.75M | $1.17B | |
| $1.66B | $1.89B | $2.03B |
AZO vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AZO AutoZone, Inc. | -12.80% | 5.92% | 23.84% | 4.84% | 17.64% | 76.84% | 1.81% |
SGOV iShares 0-3 Month Treasury Bond ETF | 2.04% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between AZO and SGOV is 0.00, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.00 |
Correlation (3Y) Balances recent behavior with more history. | -0.02 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.03 |
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Return for Risk
AZO vs. SGOV — Risk / Return Rank
AZO
SGOV
AZO vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AutoZone, Inc. (AZO) 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.
| AZO | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.53 | ||
| Sortino ratioReturn per unit of downside risk | -383.81 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 383.06 | -382.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 390.94 | -391.65 |
| Martin ratioReturn relative to average drawdown | -1.25 | 6,193.70 | -6,194.95 |
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Drawdowns
AZO vs. SGOV - Drawdown Comparison
The maximum AZO drawdown since its inception was -46.32%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for AZO and SGOV.
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Drawdown Indicators
| AZO | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.32% | -0.03% | -46.29% |
Max Drawdown (1Y)Largest decline over 1 year | -32.86% | -0.01% | -32.85% |
Max Drawdown (3Y)Largest decline over 3 years | -32.86% | -0.01% | -32.85% |
Max Drawdown (5Y)Largest decline over 5 years | -32.86% | -0.03% | -32.83% |
Max Drawdown (10Y)Largest decline over 10 years | -42.14% | — | — |
Current DrawdownCurrent decline from peak | -32.08% | 0.00% | -32.08% |
Average DrawdownAverage peak-to-trough decline | -10.94% | 0.00% | -10.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.40% | 0.00% | +18.40% |
Volatility
AZO vs. SGOV - Volatility Comparison
AutoZone, Inc. (AZO) has a higher volatility of 10.42% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that AZO'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.
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Volatility by Period
| AZO | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.42% | 0.05% | +10.37% |
Volatility (6M)Calculated over the trailing 6-month period | 23.39% | 0.13% | +23.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.52% | 0.19% | +28.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.86% | 0.24% | +24.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.70% | 0.24% | +26.46% |
Dividends
AZO vs. SGOV - Dividend Comparison
AZO has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AZO AutoZone, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.80% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
AZO and SGOV have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AZO has higher volatility (10.42%) compared to SGOV (0.05%). In terms of maximum drawdown, AZO dropped -46.32% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.72 vs -0.81), 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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