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 -0.18%/yr vs 3.58%/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 2.90% return, which is significantly higher than SGOV's 1.71% return.
FPI
- 1D
- 1.34%
- 1M
- -5.75%
- YTD
- 2.90%
- 6M
- 1.95%
- 1Y
- -10.41%
- 3Y*
- 0.65%
- 5Y*
- -0.18%
- 10Y*
- 3.37%
SGOV
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.71%
- 6M
- 1.80%
- 1Y
- 3.92%
- 3Y*
- 4.68%
- 5Y*
- 3.58%
- 10Y*
- —
FPI vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | 2.90% | -14.11% | 5.66% | 3.99% | 6.09% | 39.70% | 27.28% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.71% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between FPI and SGOV is -0.09, 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 | -0.09 |
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 28, 2020 | -0.02 |
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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.
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.
| FPI | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.78 | ||
| Sortino ratioReturn per unit of downside risk | -274.03 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 194.05 | -193.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 395.07 | -395.48 |
| Martin ratioReturn relative to average drawdown | -0.88 | 4,426.92 | -4,427.80 |
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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 | -25.09% | -0.01% | -25.08% |
Max Drawdown (3Y)Largest decline over 3 years | -25.09% | -0.01% | -25.08% |
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 | -24.69% | 0.00% | -24.69% |
Average DrawdownAverage peak-to-trough decline | -23.62% | -0.00% | -23.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.83% | 0.00% | +11.83% |
Volatility
FPI vs. SGOV - Volatility Comparison
Farmland Partners Inc. (FPI) has a higher volatility of 5.62% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. 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 | 5.62% | 0.06% | +5.56% |
Volatility (6M)Calculated over the trailing 6-month period | 18.64% | 0.13% | +18.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.07% | 0.19% | +22.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.18% | 0.24% | +27.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.65% | 0.24% | +35.41% |
Dividends
FPI vs. SGOV - Dividend Comparison
FPI's dividend yield for the trailing twelve months is around 4.78%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | 4.78% | 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 | 3.85% | 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 -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPI has higher volatility (5.62%) compared to SGOV (0.06%). In terms of maximum drawdown, FPI dropped -59.77% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.32 vs -0.45), 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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