FPI vs. SGOV
FPI (Farmland Partners 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, FPI returned -0.10%/yr vs 3.54%/yr for SGOV. At a correlation of -0.02, they often move in opposite directions.
Performance
FPI vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, FPI achieves a 7.93% return, which is significantly higher than SGOV's 1.51% return.
FPI
- 1D
- -0.67%
- 1M
- -2.09%
- YTD
- 7.93%
- 6M
- 6.72%
- 1Y
- -6.03%
- 3Y*
- 2.38%
- 5Y*
- -0.10%
- 10Y*
- 3.54%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.51%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
FPI vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | 7.93% | -14.11% | 5.66% | 3.99% | 6.09% | 39.70% | 28.75% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.51% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Correlation
The correlation between FPI and SGOV is -0.12, 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 | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | -0.02 |
The correlation between FPI and SGOV shifts across timeframes, from -0.12 (1 year) to 0.00 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FPI vs. SGOV — Risk / Return Rank
FPI
SGOV
FPI vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Farmland Partners Inc. (FPI) 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.
| FPI | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.54 | ||
| Sortino ratioReturn per unit of downside risk | -275.90 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 195.55 | -194.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 398.20 | -398.48 |
| Martin ratioReturn relative to average drawdown | -0.54 | 4,462.00 | -4,462.54 |
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
| FPI | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.27 | 20.28 | -20.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 14.73 | -14.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 12.48 | -12.41 |
Drawdowns
FPI vs. SGOV - Drawdown Comparison
The maximum FPI drawdown since its inception was -59.77%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for FPI and SGOV.
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Drawdown Indicators
| FPI | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.77% | -0.03% | -59.74% |
Max Drawdown (1Y)Largest decline over 1 year | -21.46% | -0.01% | -21.45% |
Max Drawdown (3Y)Largest decline over 3 years | -23.64% | -0.01% | -23.63% |
Max Drawdown (5Y)Largest decline over 5 years | -39.88% | -0.03% | -39.85% |
Max Drawdown (10Y)Largest decline over 10 years | -57.44% | — | — |
Current DrawdownCurrent decline from peak | -21.01% | 0.00% | -21.01% |
Average DrawdownAverage peak-to-trough decline | -23.61% | -0.00% | -23.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.15% | 0.00% | +11.15% |
Volatility
FPI vs. SGOV - Volatility Comparison
Farmland Partners Inc. (FPI) has a higher volatility of 5.18% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that FPI'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
| FPI | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.18% | 0.05% | +5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 18.15% | 0.13% | +18.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.69% | 0.20% | +22.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.32% | 0.24% | +28.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.63% | 0.24% | +35.39% |
Dividends
FPI vs. SGOV - Dividend Comparison
FPI's dividend yield for the trailing twelve months is around 4.56%, more than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | 4.56% | 4.54% | 11.31% | 3.61% | 1.85% | 1.67% | 2.30% | 2.95% | 7.82% | 5.88% | 4.57% | 4.54% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.86% | 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
FPI and SGOV have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPI has higher volatility (5.18%) compared to SGOV (0.05%). In terms of maximum drawdown, FPI dropped -59.77% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.28 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.
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