CGAU vs. SHY
CGAU (Centerra Gold Inc) is a stock, while SHY (iShares 1-3 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE US Treasury 1-3 Year Index. Over the past 5 years, CGAU returned 18.36%/yr vs 1.71%/yr for SHY. At a 0.23 correlation, their price movements are largely independent.
Performance
CGAU vs. SHY - Performance Comparison
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Returns By Period
In the year-to-date period, CGAU achieves a 17.24% return, which is significantly higher than SHY's 0.43% return.
CGAU
- 1D
- -3.90%
- 1M
- 0.67%
- YTD
- 17.24%
- 6M
- 28.41%
- 1Y
- 125.32%
- 3Y*
- 43.72%
- 5Y*
- 18.36%
- 10Y*
- —
SHY
- 1D
- -0.05%
- 1M
- 0.08%
- YTD
- 0.43%
- 6M
- 0.69%
- 1Y
- 3.32%
- 3Y*
- 4.03%
- 5Y*
- 1.71%
- 10Y*
- 1.65%
CGAU vs. SHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CGAU Centerra Gold Inc | 17.24% | 159.49% | -1.45% | 19.37% | -32.55% | -18.30% |
SHY iShares 1-3 Year Treasury Bond ETF | 0.43% | 4.95% | 3.92% | 4.16% | -3.88% | -0.67% |
Correlation
The correlation between CGAU and SHY is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2021 | 0.23 |
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Return for Risk
CGAU vs. SHY — Risk / Return Rank
CGAU
SHY
CGAU vs. SHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Centerra Gold Inc (CGAU) and iShares 1-3 Year Treasury Bond ETF (SHY). 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.
| CGAU | SHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.51 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 5.12 | 3.75 | +1.37 |
| Martin ratioReturn relative to average drawdown | 13.80 | 15.21 | -1.41 |
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
| CGAU | SHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 2.49 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.87 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.06 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 1.28 | -0.99 |
Drawdowns
CGAU vs. SHY - Drawdown Comparison
The maximum CGAU drawdown since its inception was -63.47%, which is greater than SHY's maximum drawdown of -5.71%. Use the drawdown chart below to compare losses from any high point for CGAU and SHY.
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Drawdown Indicators
| CGAU | SHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.47% | -5.71% | -57.76% |
Max Drawdown (1Y)Largest decline over 1 year | -24.61% | -0.89% | -23.72% |
Max Drawdown (3Y)Largest decline over 3 years | -30.24% | -0.97% | -29.27% |
Max Drawdown (5Y)Largest decline over 5 years | -63.47% | -5.71% | -57.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.71% | — |
Current DrawdownCurrent decline from peak | -19.89% | -0.31% | -19.58% |
Average DrawdownAverage peak-to-trough decline | -29.64% | -0.52% | -29.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.12% | 0.22% | +8.90% |
Volatility
CGAU vs. SHY - Volatility Comparison
Centerra Gold Inc (CGAU) has a higher volatility of 15.76% compared to iShares 1-3 Year Treasury Bond ETF (SHY) at 0.35%. This indicates that CGAU's price experiences larger fluctuations and is considered to be riskier than SHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CGAU | SHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.76% | 0.35% | +15.41% |
Volatility (6M)Calculated over the trailing 6-month period | 40.44% | 0.92% | +39.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.38% | 1.34% | +49.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.64% | 1.98% | +44.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.59% | 1.57% | +47.02% |
Dividends
CGAU vs. SHY - Dividend Comparison
CGAU's dividend yield for the trailing twelve months is around 1.21%, less than SHY's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CGAU Centerra Gold Inc | 1.21% | 1.39% | 3.59% | 3.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHY iShares 1-3 Year Treasury Bond ETF | 3.68% | 3.81% | 3.92% | 2.99% | 1.30% | 0.26% | 0.94% | 2.12% | 1.72% | 0.98% | 0.71% | 0.54% |
Frequently Asked Questions
CGAU and SHY have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGAU has higher volatility (15.76%) compared to SHY (0.35%). In terms of maximum drawdown, CGAU dropped -63.47% vs SHY's -5.71%.
CGAU currently has the higher Sharpe Ratio (2.50 vs 2.49), 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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