EVH vs. SGOV
EVH (Evolent Health, 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, EVH returned -25.19%/yr vs 3.58%/yr for SGOV. At a correlation of -0.06, they often move in opposite directions.
Performance
EVH vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, EVH achieves a 25.75% return, which is significantly higher than SGOV's 1.73% return.
EVH
- 1D
- 0.00%
- 1M
- 31.33%
- YTD
- 25.75%
- 6M
- 21.79%
- 1Y
- -53.03%
- 3Y*
- -43.64%
- 5Y*
- -25.19%
- 10Y*
- -12.07%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.73%
- 6M
- 1.80%
- 1Y
- 3.92%
- 3Y*
- 4.69%
- 5Y*
- 3.58%
- 10Y*
- —
EVH vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EVH Evolent Health, Inc. | 25.75% | -64.44% | -65.94% | 17.63% | 1.48% | 72.61% | 70.17% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.73% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between EVH and SGOV is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.06 |
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Return for Risk
EVH vs. SGOV — Risk / Return Rank
EVH
SGOV
EVH vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Evolent Health, Inc. (EVH) 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.
| EVH | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.03 | ||
| Sortino ratioReturn per unit of downside risk | -274.50 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 194.05 | -193.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 395.07 | -395.72 |
| Martin ratioReturn relative to average drawdown | -0.93 | 4,426.92 | -4,427.85 |
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Drawdowns
EVH vs. SGOV - Drawdown Comparison
The maximum EVH drawdown since its inception was -94.54%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for EVH and SGOV.
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Drawdown Indicators
| EVH | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.54% | -0.03% | -94.51% |
Max Drawdown (1Y)Largest decline over 1 year | -81.59% | -0.01% | -81.58% |
Max Drawdown (3Y)Largest decline over 3 years | -93.75% | -0.01% | -93.74% |
Max Drawdown (5Y)Largest decline over 5 years | -94.54% | -0.03% | -94.51% |
Max Drawdown (10Y)Largest decline over 10 years | -94.54% | — | — |
Current DrawdownCurrent decline from peak | -87.34% | 0.00% | -87.34% |
Average DrawdownAverage peak-to-trough decline | -40.79% | -0.00% | -40.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.10% | 0.00% | +57.10% |
Volatility
EVH vs. SGOV - Volatility Comparison
Evolent Health, Inc. (EVH) has a higher volatility of 24.10% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. This indicates that EVH'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
| EVH | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.10% | 0.04% | +24.06% |
Volatility (6M)Calculated over the trailing 6-month period | 55.04% | 0.12% | +54.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.14% | 0.19% | +74.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.71% | 0.24% | +60.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.03% | 0.24% | +62.79% |
Dividends
EVH vs. SGOV - Dividend Comparison
EVH 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 |
|---|---|---|---|---|---|---|---|
EVH Evolent Health, 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
EVH and SGOV have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVH has higher volatility (24.10%) compared to SGOV (0.04%). In terms of maximum drawdown, EVH dropped -94.54% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.32 vs -0.71), 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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