CARL-B.CO vs. SGOV
CARL-B.CO (Carlsberg A/S) 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, CARL-B.CO returned -2.90%/yr vs 4.61%/yr for SGOV. At a correlation of -0.09, they often move in opposite directions.
Performance
CARL-B.CO vs. SGOV - Performance Comparison
Loading charts...
Different Trading Currencies
CARL-B.CO is traded in DKK, while SGOV is traded in USD. To make them comparable, the SGOV values have been converted to DKK using the latest available exchange rates.
Returns By Period
In the year-to-date period, CARL-B.CO achieves a 4.47% return, which is significantly higher than SGOV's 3.24% return.
CARL-B.CO
- 1D
- -1.03%
- 1M
- 1.61%
- YTD
- 4.47%
- 6M
- 4.57%
- 1Y
- -6.42%
- 3Y*
- -4.51%
- 5Y*
- -2.90%
- 10Y*
- 6.08%
SGOV
- 1D
- 0.12%
- 1M
- 0.77%
- YTD
- 3.24%
- 6M
- 3.37%
- 1Y
- 4.00%
- 3Y*
- 2.42%
- 5Y*
- 4.61%
- 10Y*
- —
CARL-B.CO vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CARL-B.CO Carlsberg A/S | 4.47% | 24.73% | -16.11% | -5.74% | -15.78% | 18.41% | 12.12% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.24% | -7.97% | 12.27% | 2.23% | 7.92% | 7.37% | -9.46% |
Correlation
The correlation between CARL-B.CO and SGOV is -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.09 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CARL-B.CO vs. SGOV — Risk / Return Rank
CARL-B.CO
SGOV
CARL-B.CO vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carlsberg A/S (CARL-B.CO) 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.
| CARL-B.CO | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -1.27 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.13 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 1.14 | -1.47 |
| Martin ratioReturn relative to average drawdown | -0.51 | 2.69 | -3.20 |
Loading charts...
Drawdowns
CARL-B.CO vs. SGOV - Drawdown Comparison
The maximum CARL-B.CO drawdown since its inception was -71.18%, which is greater than SGOV's maximum drawdown of -11.58%. Use the drawdown chart below to compare losses from any high point for CARL-B.CO and SGOV.
Loading charts...
Drawdown Indicators
| CARL-B.CO | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.18% | -11.58% | -59.60% |
Max Drawdown (1Y)Largest decline over 1 year | -20.76% | -3.79% | -16.97% |
Max Drawdown (3Y)Largest decline over 3 years | -36.63% | -11.51% | -25.12% |
Max Drawdown (5Y)Largest decline over 5 years | -39.46% | -11.58% | -27.88% |
Max Drawdown (10Y)Largest decline over 10 years | -39.46% | — | — |
Current DrawdownCurrent decline from peak | -18.91% | -6.17% | -12.74% |
Average DrawdownAverage peak-to-trough decline | -13.92% | -5.73% | -8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.56% | 1.61% | +11.95% |
Volatility
CARL-B.CO vs. SGOV - Volatility Comparison
Carlsberg A/S (CARL-B.CO) has a higher volatility of 7.74% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 1.30%. This indicates that CARL-B.CO'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.
Loading charts...
Volatility by Period
| CARL-B.CO | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.74% | 1.30% | +6.44% |
Volatility (6M)Calculated over the trailing 6-month period | 17.60% | 4.47% | +13.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.58% | 6.35% | +16.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.01% | 7.72% | +15.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 7.48% | +14.42% |
Dividends
CARL-B.CO vs. SGOV - Dividend Comparison
CARL-B.CO's dividend yield for the trailing twelve months is around 3.44%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CARL-B.CO Carlsberg A/S | 3.44% | 3.23% | 3.91% | 3.19% | 2.60% | 1.95% | 2.15% | 1.81% | 2.31% | 1.34% | 1.48% | 1.47% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.85% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CARL-B.CO and SGOV have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for CARL-B.CO and SGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer