CRWV vs. SHV

Last updated Jun 4, 2026

CRWV (CoreWeave, Inc.) is a stock, while SHV (iShares 0-1 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE Short US Treasury Securities Index. Over the past year, CRWV returned -26.28% vs 3.90% for SHV. At a correlation of -0.09, they often move in opposite directions.

Performance

CRWV vs. SHV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CoreWeave, Inc. (CRWV) and iShares 0-1 Year Treasury Bond ETF (SHV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CRWV achieves a 54.91% return, which is significantly higher than SHV's 1.42% return.

CRWV

• 1D: -6.99%
• 1M: -11.56%
• YTD: 54.91%
• 6M: 39.78%
• 1Y: -26.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SHV

• 1D: 0.00%
• 1M: 0.27%
• YTD: 1.42%
• 6M: 1.75%
• 1Y: 3.90%
• 3Y*: 4.64%
• 5Y*: 3.31%
• 10Y*: 2.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CRWV vs. SHV - Yearly Performance Comparison

	2026 (YTD)	2025
CRWV CoreWeave, Inc.	54.91%	79.02%
SHV iShares 0-1 Year Treasury Bond ETF	1.42%	3.17%

Correlation

The correlation between CRWV and SHV 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 (All Time) Calculated using the full available price history since Mar 31, 2025	-0.09

Return for Risk

CRWV vs. SHV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CRWV

CRWV Risk / Return Rank: 31
CRWV Sharpe Ratio Rank: 29
CRWV Sortino Ratio Rank: 35
CRWV Omega Ratio Rank: 34
CRWV Calmar Ratio Rank: 26
CRWV Martin Ratio Rank: 30

SHV

SHV Risk / Return Rank: 100
SHV Sharpe Ratio Rank: 100
SHV Sortino Ratio Rank: 100
SHV Omega Ratio Rank: 100
SHV Calmar Ratio Rank: 100
SHV Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CRWV vs. SHV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoreWeave, Inc. (CRWV) and iShares 0-1 Year Treasury Bond ETF (SHV). 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.

	CRWV	SHV	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	19.49	-19.76
Sortino ratio: Return per unit of downside risk	0.25	149.54	-149.29
Omega ratio: Gain probability vs. loss probability	1.03	53.77	-52.74
Calmar ratio: Return relative to maximum drawdown	-0.41	431.38	-431.79
Martin ratio: Return relative to average drawdown	-0.61	2,419.80	-2,420.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CRWV vs. SHV - Sharpe Ratio Comparison

The current CRWV Sharpe Ratio is -0.27, which is lower than the SHV Sharpe Ratio of 19.49. The chart below compares the historical Sharpe Ratios of CRWV and SHV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CRWV	SHV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.27	19.49	-19.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	11.56	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	8.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	4.50	-3.29

Drawdowns

CRWV vs. SHV - Drawdown Comparison

The maximum CRWV drawdown since its inception was -64.84%, which is greater than SHV's maximum drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for CRWV and SHV.

Drawdown Indicators

	CRWV	SHV	Difference
Max Drawdown Largest peak-to-trough decline	-64.84%	-0.45%	-64.39%
Max Drawdown (1Y) Largest decline over 1 year	-64.84%	-0.01%	-64.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-0.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-0.40%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-0.45%	—
Current Drawdown Current decline from peak	-39.57%	0.00%	-39.57%
Average Drawdown Average peak-to-trough decline	-37.14%	-0.03%	-37.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.50%	0.00%	+43.50%

Volatility

CRWV vs. SHV - Volatility Comparison

CoreWeave, Inc. (CRWV) has a higher volatility of 26.54% compared to iShares 0-1 Year Treasury Bond ETF (SHV) at 0.05%. This indicates that CRWV's price experiences larger fluctuations and is considered to be riskier than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CRWV	SHV	Difference
Volatility (1M) Calculated over the trailing 1-month period	26.54%	0.05%	+26.49%
Volatility (6M) Calculated over the trailing 6-month period	68.21%	0.12%	+68.09%
Volatility (1Y) Calculated over the trailing 1-year period	100.38%	0.20%	+100.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	114.90%	0.29%	+114.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	114.90%	0.28%	+114.62%

Dividends

CRWV vs. SHV - Dividend Comparison

CRWV has not paid dividends to shareholders, while SHV's dividend yield for the trailing twelve months is around 3.83%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRWV CoreWeave, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SHV iShares 0-1 Year Treasury Bond ETF	3.83%	4.09%	5.02%	4.73%	1.39%	0.00%	0.74%	2.19%	1.66%	0.72%	0.34%	0.03%

Frequently Asked Questions

Can I hold both CRWV and SHV in my portfolio?

CRWV and SHV 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.

Which is riskier, CRWV or SHV?

CRWV has higher volatility (26.54%) compared to SHV (0.05%). In terms of maximum drawdown, CRWV dropped -64.84% vs SHV's -0.45%.

Which has better risk-adjusted returns?

SHV currently has the higher Sharpe Ratio (19.49 vs -0.27), 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.