GOVT vs. NFG
GOVT (iShares U.S. Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury Core Bond Index, while NFG (National Fuel Gas Company) is a stock. Over the past 10 years, GOVT returned 0.79%/yr vs 6.57%/yr for NFG. At a correlation of -0.08, they often move in opposite directions.
Performance
GOVT vs. NFG - Performance Comparison
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Returns By Period
In the year-to-date period, GOVT achieves a -0.44% return, which is significantly higher than NFG's -4.09% return. Over the past 10 years, GOVT has underperformed NFG with an annualized return of 0.79%, while NFG has yielded a comparatively higher 6.57% annualized return.
GOVT
- 1D
- -0.11%
- 1M
- -0.70%
- YTD
- -0.44%
- 6M
- -0.15%
- 1Y
- 3.62%
- 3Y*
- 2.77%
- 5Y*
- -0.59%
- 10Y*
- 0.79%
NFG
- 1D
- -1.38%
- 1M
- -3.99%
- YTD
- -4.09%
- 6M
- -5.13%
- 1Y
- -5.21%
- 3Y*
- 16.94%
- 5Y*
- 10.37%
- 10Y*
- 6.57%
GOVT vs. NFG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOVT iShares U.S. Treasury Bond ETF | -0.44% | 3.77% | 2.95% | 4.17% | -13.39% | -1.11% | 7.28% | 7.36% | 0.26% | 2.19% |
NFG National Fuel Gas Company | -4.09% | 35.31% | 25.38% | -17.71% | 1.87% | 60.66% | -7.58% | -5.94% | -3.74% | -0.20% |
Correlation
The correlation between GOVT and NFG is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | -0.08 |
The correlation between GOVT and NFG shifts across timeframes, from -0.08 (all time) to 0.08 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
GOVT vs. NFG — Risk / Return Rank
GOVT
NFG
GOVT vs. NFG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Treasury Bond ETF (GOVT) and National Fuel Gas Company (NFG). 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.
| GOVT | NFG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.97 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | -0.26 | +1.53 |
| Martin ratioReturn relative to average drawdown | 3.66 | -0.56 | +4.22 |
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
| GOVT | NFG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | -0.26 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | 0.47 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.27 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.39 | -0.13 |
Drawdowns
GOVT vs. NFG - Drawdown Comparison
The maximum GOVT drawdown since its inception was -19.07%, smaller than the maximum NFG drawdown of -55.49%. Use the drawdown chart below to compare losses from any high point for GOVT and NFG.
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Drawdown Indicators
| GOVT | NFG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.07% | -55.49% | +36.42% |
Max Drawdown (1Y)Largest decline over 1 year | -2.85% | -20.45% | +17.60% |
Max Drawdown (3Y)Largest decline over 3 years | -5.43% | -20.45% | +15.02% |
Max Drawdown (5Y)Largest decline over 5 years | -16.60% | -35.74% | +19.14% |
Max Drawdown (10Y)Largest decline over 10 years | -19.07% | -44.28% | +25.21% |
Current DrawdownCurrent decline from peak | -7.48% | -20.45% | +12.97% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -14.30% | +9.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 9.35% | -8.36% |
Volatility
GOVT vs. NFG - Volatility Comparison
The current volatility for iShares U.S. Treasury Bond ETF (GOVT) is 1.05%, while National Fuel Gas Company (NFG) has a volatility of 5.75%. This indicates that GOVT experiences smaller price fluctuations and is considered to be less risky than NFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GOVT | NFG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 5.75% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 2.53% | 14.13% | -11.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.56% | 19.83% | -16.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 22.24% | -16.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 24.05% | -18.82% |
Dividends
GOVT vs. NFG - Dividend Comparison
GOVT's dividend yield for the trailing twelve months is around 3.60%, more than NFG's 2.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOVT iShares U.S. Treasury Bond ETF | 3.60% | 3.49% | 3.14% | 2.65% | 1.77% | 0.96% | 2.17% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% |
NFG National Fuel Gas Company | 2.80% | 2.65% | 3.36% | 3.91% | 2.97% | 2.83% | 4.30% | 3.72% | 3.30% | 3.00% | 2.84% | 3.67% |
Frequently Asked Questions
GOVT and NFG have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NFG has higher volatility (5.75%) compared to GOVT (1.05%). In terms of maximum drawdown, GOVT dropped -19.07% vs NFG's -55.49%.
GOVT currently has the higher Sharpe Ratio (1.02 vs -0.26), 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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