BVS vs. SGOV
BVS (Bioventus 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, BVS returned -13.30%/yr vs 3.58%/yr for SGOV. At a correlation of -0.01, they often move in opposite directions.
Performance
BVS vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, BVS achieves a 18.15% return, which is significantly higher than SGOV's 1.70% return.
BVS
- 1D
- 0.92%
- 1M
- -5.28%
- YTD
- 18.15%
- 6M
- 17.51%
- 1Y
- 34.20%
- 3Y*
- 43.25%
- 5Y*
- -13.30%
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.27%
- YTD
- 1.70%
- 6M
- 1.80%
- 1Y
- 3.93%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
BVS vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BVS Bioventus Inc. | 18.15% | -29.14% | 99.24% | 101.92% | -81.99% | -4.04% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.70% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% |
Correlation
The correlation between BVS and SGOV is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2021 | -0.01 |
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Return for Risk
BVS vs. SGOV — Risk / Return Rank
BVS
SGOV
BVS vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bioventus Inc. (BVS) 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.
| BVS | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -19.70 | ||
| Sortino ratioReturn per unit of downside risk | -272.93 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 194.55 | -193.39 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 396.11 | -394.86 |
| Martin ratioReturn relative to average drawdown | 3.99 | 4,438.60 | -4,434.61 |
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Drawdowns
BVS vs. SGOV - Drawdown Comparison
The maximum BVS drawdown since its inception was -95.18%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for BVS and SGOV.
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Drawdown Indicators
| BVS | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.18% | -0.03% | -95.15% |
Max Drawdown (1Y)Largest decline over 1 year | -27.51% | -0.01% | -27.50% |
Max Drawdown (3Y)Largest decline over 3 years | -55.22% | -0.01% | -55.21% |
Max Drawdown (5Y)Largest decline over 5 years | -95.07% | -0.03% | -95.04% |
Current DrawdownCurrent decline from peak | -54.24% | 0.00% | -54.24% |
Average DrawdownAverage peak-to-trough decline | -56.33% | -0.00% | -56.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.60% | 0.00% | +8.60% |
Volatility
BVS vs. SGOV - Volatility Comparison
Bioventus Inc. (BVS) has a higher volatility of 19.32% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that BVS'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
| BVS | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.32% | 0.06% | +19.26% |
Volatility (6M)Calculated over the trailing 6-month period | 32.56% | 0.13% | +32.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.76% | 0.19% | +50.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.05% | 0.24% | +80.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.63% | 0.24% | +80.39% |
Dividends
BVS vs. SGOV - Dividend Comparison
BVS has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.85%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BVS Bioventus Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
BVS and SGOV have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BVS has higher volatility (19.32%) compared to SGOV (0.06%). In terms of maximum drawdown, BVS dropped -95.18% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.38 vs 0.68), 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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