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 -3.61%/yr vs 3.58%/yr for SGOV. At a correlation of -0.02, they often move in opposite directions.
Performance
IP vs. SGOV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IP achieves a -0.33% return, which is significantly lower than SGOV's 1.72% return.
IP
- 1D
- 4.76%
- 1M
- 22.40%
- YTD
- -0.33%
- 6M
- -0.28%
- 1Y
- -13.86%
- 3Y*
- 12.71%
- 5Y*
- -3.61%
- 10Y*
- 4.17%
SGOV
- 1D
- 0.01%
- 1M
- 0.29%
- YTD
- 1.72%
- 6M
- 1.79%
- 1Y
- 3.92%
- 3Y*
- 4.69%
- 5Y*
- 3.58%
- 10Y*
- —
IP vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IP International Paper Company | -0.33% | -23.83% | 55.31% | 10.20% | -23.05% | 3.48% | 42.24% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.72% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between IP and SGOV is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | -0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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.
| IP | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -20.65 | ||
| Sortino ratioReturn per unit of downside risk | -273.74 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 194.05 | -193.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.31 | 395.07 | -395.37 |
| Martin ratioReturn relative to average drawdown | -0.54 | 4,426.92 | -4,427.46 |
Loading charts...
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.
Loading charts...
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 | -32.01% | 0.00% | -32.01% |
Average DrawdownAverage peak-to-trough decline | -20.90% | -0.00% | -20.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.85% | 0.00% | +25.85% |
Volatility
IP vs. SGOV - Volatility Comparison
International Paper Company (IP) has a higher volatility of 14.15% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.04%. 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.
Loading charts...
Volatility by Period
| IP | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.15% | 0.04% | +14.11% |
Volatility (6M)Calculated over the trailing 6-month period | 33.33% | 0.13% | +33.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.82% | 0.19% | +42.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.87% | 0.24% | +32.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.36% | 0.24% | +32.12% |
Dividends
IP vs. SGOV - Dividend Comparison
IP's dividend yield for the trailing twelve months is around 4.83%, more than SGOV's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IP International Paper Company | 4.83% | 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 | 3.85% | 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 -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IP has higher volatility (14.15%) compared to SGOV (0.04%). In terms of maximum drawdown, IP dropped -90.62% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.32 vs -0.33), 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.
Find the right allocation for IP and SGOV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer