HON vs. SGOV
HON (Honeywell International 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, HON returned 1.43%/yr vs 3.62%/yr for SGOV. At a correlation of -0.03, they often move in opposite directions.
Performance
HON vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, HON achieves a 9.98% return, which is significantly higher than SGOV's 1.92% return.
HON
- 1D
- 0.19%
- 1M
- -3.62%
- 6M
- 2.03%
- YTD
- 9.98%
- 1Y
- -3.30%
- 3Y*
- 5.24%
- 5Y*
- 1.43%
- 10Y*
- 9.27%
SGOV
- 1D
- 0.00%
- 1M
- 0.30%
- 6M
- 1.79%
- YTD
- 1.92%
- 1Y
- 3.88%
- 3Y*
- 4.66%
- 5Y*
- 3.62%
- 10Y*
- —
HON vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HON Honeywell International Inc | 9.98% | -6.37% | 10.02% | 0.02% | 4.90% | -0.29% | 44.63% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.92% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between HON and SGOV 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 | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.03 |
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Return for Risk
HON vs. SGOV — Risk / Return Rank
HON
SGOV
HON vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Honeywell International Inc (HON) 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.
| HON | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.96 | ||
| Sortino ratioReturn per unit of downside risk | -383.82 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 384.06 | -383.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 391.99 | -392.19 |
| Martin ratioReturn relative to average drawdown | -0.33 | 6,210.22 | -6,210.56 |
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Drawdowns
HON vs. SGOV - Drawdown Comparison
The maximum HON drawdown since its inception was -70.09%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for HON and SGOV.
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Drawdown Indicators
| HON | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.09% | -0.03% | -70.06% |
Max Drawdown (1Y)Largest decline over 1 year | -16.54% | -0.01% | -16.53% |
Max Drawdown (3Y)Largest decline over 3 years | -22.10% | -0.01% | -22.09% |
Max Drawdown (5Y)Largest decline over 5 years | -27.13% | -0.03% | -27.10% |
Max Drawdown (10Y)Largest decline over 10 years | -43.01% | — | — |
Current DrawdownCurrent decline from peak | -13.93% | 0.00% | -13.93% |
Average DrawdownAverage peak-to-trough decline | -20.26% | -0.00% | -20.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.93% | 0.00% | +9.93% |
Volatility
HON vs. SGOV - Volatility Comparison
Honeywell International Inc (HON) has a higher volatility of 10.56% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that HON'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
| HON | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.56% | 0.05% | +10.51% |
Volatility (6M)Calculated over the trailing 6-month period | 20.75% | 0.13% | +20.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.79% | 0.19% | +25.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 0.24% | +22.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.81% | 0.24% | +23.57% |
Dividends
HON vs. SGOV - Dividend Comparison
HON's dividend yield for the trailing twelve months is around 2.18%, less than SGOV's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HON Honeywell International Inc | 2.18% | 2.25% | 1.93% | 1.99% | 1.85% | 1.81% | 1.71% | 1.90% | 2.24% | 1.79% | 2.11% | 2.07% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.80% | 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
HON and SGOV 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.
HON has higher volatility (10.56%) compared to SGOV (0.05%). In terms of maximum drawdown, HON dropped -70.09% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.83 vs -0.13), 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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