GOVT vs. ADP
GOVT (iShares U.S. Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury Core Bond Index, while ADP (Automatic Data Processing, Inc.) is a stock. Over the past 10 years, GOVT returned 0.84%/yr vs 12.40%/yr for ADP. At a correlation of -0.13, they often move in opposite directions.
Performance
GOVT vs. ADP - Performance Comparison
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Returns By Period
In the year-to-date period, GOVT achieves a 0.11% return, which is significantly higher than ADP's -10.66% return. Over the past 10 years, GOVT has underperformed ADP with an annualized return of 0.84%, while ADP has yielded a comparatively higher 12.40% annualized return.
GOVT
- 1D
- -0.09%
- 1M
- 0.36%
- YTD
- 0.11%
- 6M
- 0.47%
- 1Y
- 3.32%
- 3Y*
- 3.10%
- 5Y*
- -0.50%
- 10Y*
- 0.84%
ADP
- 1D
- 0.96%
- 1M
- 9.25%
- YTD
- -10.66%
- 6M
- -13.64%
- 1Y
- -24.57%
- 3Y*
- 3.25%
- 5Y*
- 4.80%
- 10Y*
- 12.40%
GOVT vs. ADP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOVT iShares U.S. Treasury Bond ETF | 0.11% | 3.77% | 2.95% | 4.17% | -13.39% | -1.11% | 7.28% | 7.36% | 0.26% | 2.19% |
ADP Automatic Data Processing, Inc. | -10.66% | -10.18% | 28.41% | -0.25% | -1.29% | 42.60% | 5.86% | 32.71% | 14.25% | 16.54% |
Correlation
The correlation between GOVT and ADP is 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | -0.13 |
The correlation between GOVT and ADP shifts across timeframes, from -0.13 (all time) to 0.09 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GOVT vs. ADP — Risk / Return Rank
GOVT
ADP
GOVT vs. ADP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Treasury Bond ETF (GOVT) and Automatic Data Processing, Inc. (ADP). 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.
| GOVT | ADP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.95 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.83 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | -0.65 | +1.82 |
| Martin ratioReturn relative to average drawdown | 3.27 | -1.21 | +4.48 |
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Drawdowns
GOVT vs. ADP - Drawdown Comparison
The maximum GOVT drawdown since its inception was -19.07%, smaller than the maximum ADP drawdown of -59.51%. Use the drawdown chart below to compare losses from any high point for GOVT and ADP.
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Drawdown Indicators
| GOVT | ADP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.07% | -59.51% | +40.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -38.16% | +35.31% |
Max Drawdown (3Y)Largest decline over 3 years | -5.43% | -40.78% | +35.35% |
Max Drawdown (5Y)Largest decline over 5 years | -16.60% | -40.78% | +24.18% |
Max Drawdown (10Y)Largest decline over 10 years | -19.07% | -40.78% | +21.71% |
Current DrawdownCurrent decline from peak | -6.97% | -28.50% | +21.53% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -12.59% | +7.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 20.40% | -19.38% |
Volatility
GOVT vs. ADP - Volatility Comparison
The current volatility for iShares U.S. Treasury Bond ETF (GOVT) is 1.15%, while Automatic Data Processing, Inc. (ADP) has a volatility of 9.18%. This indicates that GOVT experiences smaller price fluctuations and is considered to be less risky than ADP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVT | ADP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 9.18% | -8.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.58% | 20.54% | -17.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.59% | 24.29% | -20.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 22.07% | -16.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 24.49% | -19.26% |
Dividends
GOVT vs. ADP - Dividend Comparison
GOVT's dividend yield for the trailing twelve months is around 3.58%, less than ADP's 3.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ADP Automatic Data Processing, Inc. | 3.62% | 2.46% | 1.96% | 2.21% | 1.83% | 1.55% | 2.08% | 1.92% | 2.14% | 2.00% | 2.10% | 2.36% |
GOVT iShares U.S. Treasury Bond ETF | 3.58% | 3.49% | 3.14% | 2.65% | 1.77% | 0.96% | 2.17% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% |
Frequently Asked Questions
GOVT and ADP have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADP has higher volatility (9.18%) compared to GOVT (1.15%). In terms of maximum drawdown, GOVT dropped -19.07% vs ADP's -59.51%.
GOVT currently has the higher Sharpe Ratio (0.93 vs -1.02), 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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