HIMX vs. SGOV
HIMX (Himax Technologies, 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, HIMX returned 19.80%/yr vs 3.54%/yr for SGOV. At a correlation of -0.03, they often move in opposite directions.
Performance
HIMX vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, HIMX achieves a 195.36% return, which is significantly higher than SGOV's 1.51% return.
HIMX
- 1D
- 0.88%
- 1M
- 109.26%
- YTD
- 195.36%
- 6M
- 199.38%
- 1Y
- 199.72%
- 3Y*
- 57.45%
- 5Y*
- 19.80%
- 10Y*
- 13.15%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.51%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
HIMX vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HIMX Himax Technologies, Inc. | 195.36% | 6.02% | 37.24% | 4.73% | -54.85% | 120.20% | 147.99% |
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 HIMX and SGOV is -0.11, 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 | -0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since May 29, 2020 | -0.03 |
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Return for Risk
HIMX vs. SGOV — Risk / Return Rank
HIMX
SGOV
HIMX vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Himax Technologies, Inc. (HIMX) 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.
| HIMX | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -17.36 | ||
| Sortino ratioReturn per unit of downside risk | -272.29 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 195.55 | -194.10 |
| Calmar ratioReturn relative to maximum drawdown | 6.93 | 398.20 | -391.27 |
| Martin ratioReturn relative to average drawdown | 14.38 | 4,462.00 | -4,447.62 |
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
| HIMX | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.92 | 20.28 | -17.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 14.73 | -14.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 12.48 | -12.33 |
Drawdowns
HIMX vs. SGOV - Drawdown Comparison
The maximum HIMX drawdown since its inception was -87.60%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for HIMX and SGOV.
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Drawdown Indicators
| HIMX | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.60% | -0.03% | -87.57% |
Max Drawdown (1Y)Largest decline over 1 year | -29.00% | -0.01% | -28.99% |
Max Drawdown (3Y)Largest decline over 3 years | -54.16% | -0.01% | -54.15% |
Max Drawdown (5Y)Largest decline over 5 years | -66.23% | -0.03% | -66.20% |
Max Drawdown (10Y)Largest decline over 10 years | -86.74% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -49.71% | -0.00% | -49.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.95% | 0.00% | +13.95% |
Volatility
HIMX vs. SGOV - Volatility Comparison
Himax Technologies, Inc. (HIMX) has a higher volatility of 36.32% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that HIMX'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
| HIMX | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.32% | 0.05% | +36.27% |
Volatility (6M)Calculated over the trailing 6-month period | 55.54% | 0.13% | +55.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.79% | 0.20% | +68.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.43% | 0.24% | +61.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.80% | 0.24% | +63.56% |
Dividends
HIMX vs. SGOV - Dividend Comparison
HIMX's dividend yield for the trailing twelve months is around 1.53%, less than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HIMX Himax Technologies, Inc. | 1.53% | 4.52% | 3.61% | 7.91% | 20.13% | 1.64% | 0.00% | 0.00% | 2.62% | 2.21% | 1.99% | 3.54% |
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
HIMX and SGOV have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HIMX has higher volatility (36.32%) compared to SGOV (0.05%). In terms of maximum drawdown, HIMX dropped -87.60% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.28 vs 2.92), 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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