IP vs. SGOV
IP (International Paper Company) 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, IP returned -7.39%/yr vs 3.54%/yr for SGOV. At a correlation of -0.02, they often move in opposite directions.
Performance
IP vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, IP achieves a -13.09% return, which is significantly lower than SGOV's 1.51% return.
IP
- 1D
- -1.27%
- 1M
- 8.65%
- YTD
- -13.09%
- 6M
- -12.71%
- 1Y
- -26.04%
- 3Y*
- 7.94%
- 5Y*
- -7.39%
- 10Y*
- 2.38%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.51%
- 6M
- 1.80%
- 1Y
- 3.95%
- 3Y*
- 4.72%
- 5Y*
- 3.54%
- 10Y*
- —
IP vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IP International Paper Company | -13.09% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 45.28% |
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 IP and SGOV is -0.03, 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 | -0.03 |
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 29, 2020 | -0.02 |
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Return for Risk
IP vs. SGOV — Risk / Return Rank
IP
SGOV
IP vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Paper Company (IP) 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.
| IP | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.92 | ||
| Sortino ratioReturn per unit of downside risk | -276.39 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 195.55 | -194.65 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 398.20 | -398.77 |
| Martin ratioReturn relative to average drawdown | -1.06 | 4,462.00 | -4,463.06 |
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
| IP | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.64 | 20.28 | -20.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 14.73 | -14.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 12.48 | -12.29 |
Drawdowns
IP vs. SGOV - Drawdown Comparison
The maximum IP drawdown since its inception was -90.62%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for IP and SGOV.
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Drawdown Indicators
| IP | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.62% | -0.03% | -90.59% |
Max Drawdown (1Y)Largest decline over 1 year | -45.52% | -0.01% | -45.51% |
Max Drawdown (3Y)Largest decline over 3 years | -48.61% | -0.01% | -48.60% |
Max Drawdown (5Y)Largest decline over 5 years | -48.61% | -0.03% | -48.58% |
Max Drawdown (10Y)Largest decline over 10 years | -55.27% | — | — |
Current DrawdownCurrent decline from peak | -40.71% | 0.00% | -40.71% |
Average DrawdownAverage peak-to-trough decline | -20.88% | -0.00% | -20.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.62% | 0.00% | +24.62% |
Volatility
IP vs. SGOV - Volatility Comparison
International Paper Company (IP) has a higher volatility of 11.16% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that IP'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
| IP | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.16% | 0.05% | +11.11% |
Volatility (6M)Calculated over the trailing 6-month period | 31.08% | 0.13% | +30.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.58% | 0.20% | +40.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.36% | 0.24% | +32.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.11% | 0.24% | +31.87% |
Dividends
IP vs. SGOV - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 5.54%, more than SGOV's 3.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 5.54% | 4.70% | 3.44% | 5.12% | 5.34% | 4.08% | 4.12% | 4.37% | 4.77% | 3.21% | 3.36% | 4.35% |
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
IP and SGOV have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (11.16%) compared to SGOV (0.05%). In terms of maximum drawdown, IP dropped -90.62% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.28 vs -0.64), 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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