CEG vs. SGOV
CEG (Constellation Energy Corp) 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 3 years, CEG returned 44.65%/yr vs 4.69%/yr for SGOV. At a correlation of -0.02, they often move in opposite directions.
Performance
CEG vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, CEG achieves a -23.93% return, which is significantly lower than SGOV's 1.72% return.
CEG
- 1D
- -0.85%
- 1M
- -8.88%
- YTD
- -23.93%
- 6M
- -26.16%
- 1Y
- -15.99%
- 3Y*
- 44.65%
- 5Y*
- —
- 10Y*
- —
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.72%
- 6M
- 1.79%
- 1Y
- 3.92%
- 3Y*
- 4.69%
- 5Y*
- 3.58%
- 10Y*
- —
CEG vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEG Constellation Energy Corp | -23.93% | 58.80% | 92.71% | 37.24% | 73.87% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.72% | 4.24% | 5.27% | 5.12% | 1.58% |
Correlation
The correlation between CEG and SGOV is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | -0.02 |
The correlation between CEG and SGOV shifts across timeframes, from -0.13 (1 year) to 0.00 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
CEG vs. SGOV — Risk / Return Rank
CEG
SGOV
CEG vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Constellation Energy Corp (CEG) 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.
| CEG | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.67 | ||
| Sortino ratioReturn per unit of downside risk | -273.76 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 194.05 | -193.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 395.07 | -395.47 |
| Martin ratioReturn relative to average drawdown | -0.80 | 4,426.92 | -4,427.72 |
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Drawdowns
CEG vs. SGOV - Drawdown Comparison
The maximum CEG drawdown since its inception was -50.70%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for CEG and SGOV.
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Drawdown Indicators
| CEG | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.70% | -0.03% | -50.67% |
Max Drawdown (1Y)Largest decline over 1 year | -39.77% | -0.01% | -39.76% |
Max Drawdown (3Y)Largest decline over 3 years | -50.70% | -0.01% | -50.69% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.03% | — |
Current DrawdownCurrent decline from peak | -33.39% | 0.00% | -33.39% |
Average DrawdownAverage peak-to-trough decline | -11.80% | -0.00% | -11.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.15% | 0.00% | +20.15% |
Volatility
CEG vs. SGOV - Volatility Comparison
Constellation Energy Corp (CEG) has a higher volatility of 13.24% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that CEG'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
| CEG | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.24% | 0.04% | +13.20% |
Volatility (6M)Calculated over the trailing 6-month period | 35.89% | 0.13% | +35.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.57% | 0.19% | +46.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.28% | 0.24% | +49.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.28% | 0.24% | +49.04% |
Dividends
CEG vs. SGOV - Dividend Comparison
CEG's dividend yield for the trailing twelve months is around 0.61%, less than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.61% | 0.44% | 0.63% | 0.97% | 0.65% | 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
CEG and SGOV have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (13.24%) compared to SGOV (0.04%). In terms of maximum drawdown, CEG dropped -50.70% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.32 vs -0.34), 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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